Commodities outlook: oil and gold
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GM, PayPal, Booking: Wednesday reports
Information is not investment advice
Three stocks report their earnings on Wednesday (May 5):
- Booking Holdings (11:30, GMT+3)
- General Motors (14:30 GMT+3)
- PayPal (Wednesday-to-Thursday midnight GMT+3)
What are we expecting?
Booking Holdings
Expected EPS: -$7.26
In the previous quarters, the performance of Booking has been rather unstable – for understandable reasons: travel industry has been most hit by the virus. For this reason, it’s been hard to predict the performance of this corporation since the beginning of 2020. In the third quarter of 2020, it brought an EPS of $12.27 against the forecast of $15.98. In the fourth quarter, it did better showing an EPS of -$0.57 against the expected -$5.08. For the first quarter of 2021, the forecast is -$7.26 as investors are factoring in the consequences of the travel restrictions that were in place during the first months of the year. If the company provides figures better than that, it will be a firm motivation for bulls to push the stock above the all-time high and psychological level of $2500 per share.
General Motors
Expected EPS: $1.02
Unlike Booking Holdings, General Motors has been consistently outperforming against the expectations throughout the entire year of 2020. Business-wise, investors are positive about the long-term outlook for GM as it is generating healthy cash flows in all sectors of its diversified activity portfolio. North America, the core consumer geographical base for the company, is recovering, and the demand is believed to promise positive potentials for GM. The only concern for the moment may be the chip shortage problem that has recently emerged, and the company officials did not comment on the exact impact it brings to the performance of GM. Very likely, we will hear that during the quarterly earnings call. The all-time high of $63 per share may be easily broken if General Motors brings better-than-expected results.
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PayPal
Expected EPS: $0.73
Technically speaking, PayPal’s stock best recovered among the three we’re seeing now. Against the lows of 85$ in March 2020, it increased in value by more than 300%. The last upswing to the all-time high of $305 in February 2021 may be attributed to the announcement that it is planning to include cryptocurrencies in the list of accepted payment methods. It lost a portion of the gains, though, now trading in the zone above $250. A strong Q1’2021 report may push it back upwards to $305 to make new all-time highs.
Gaspar Markosyan
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