SPY will going hit new high on July 2024Thick dotted line 📌 expecting break red line 📌 hit high and correction
Later new high 💰
Any rejection at red trend 📉 line will reach yellow 🟡 box 📍
Return new high and high
Usstocks
The Doll !The safe haven currency. The boss no matter what anyone says.
Something is going to happen, too bad for parities against dollars such as bitcoin.
$AON with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:AON after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
$AZN with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:AZN after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
$CVX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:CVX after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 45.45%.
$PG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:PG after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
$SNY with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NASDAQ:SNY after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
$XOM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:XOM after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
$LIN with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:LIN after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 78.57%.
$MA with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:MA after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
$MCD with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:MCD after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
$VRTX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:VRTX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
PayPal added to the watchlistShares of PayPal lost nearly 82% of their value since the top in July 2021, and judging solely by this metric, one could consider the stock cheap. Nonetheless, there is more to it. In 2022, PayPal saw its revenue increase by 8% on a yearly basis and transaction volume grow by 16%. In addition to that, the company processed 22.3 billion payments and $1.36 trillion in total payment volume, with active accounts rising by 2% YoY to 435 million. However, its operating margin dropped by 10% and net income by 42% (using GAAP accounting).
In the first quarter of 2023, the company delivered better results compared to the first quarter of 2022, with net revenue growing 9% YoY, operating income by 41% YoY, earnings per share by 62% YoY, and net income by 56% YoY. As for the second quarter of 2023, the company reported a further increase in net revenues by 7% YoY, operating income by 48% YoY, and earnings per share by 414% YoY. In this quarter, PayPal generated $1.029 billion in net income compared to the loss of $341 million a year earlier.
Based on some of the fundamental improvements and cheap valuation, we think PayPal is growing increasingly attractive and worth watching out for. However, we would like to emphasize that the stock keeps making lower lows and lower highs. Thus, entering the trade is still quite risky. One alternative to approach this situation is to wait for a price to break above the upper bound of the channel and place a long entry there with stop-loss below the bound.
Illustration 1.01
Illustration 1.01 displays the daily chart of PayPal and its losses since the top in July 2021.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
$FI with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:FI after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
$EQNR with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:EQNR after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
$BA with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:BA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
$ADP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADP after a positive over reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
$TTE with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for EURONEXT:TTE after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
$TMUS with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NASDAQ:TMUS after a negative over reaction following its earnings release placing the stock in drift C .
$SPGI with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:SPGI after a negative under reaction following its earnings release placing the stock in drift D .
$SHEL with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:SHEL after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$NOC with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NOC after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
$MDLZ with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:MDLZ after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
