Stock Picks
This week is set for a bumpy ride for global markets as its in with the new and out with the old as a new U.S President is inaugurated while the old plans his escape.
The U.S markets might have a short-term downturn which has us looking to pandemic winners and company earnings while we revisit an old theme, how to vaccinate your portfolio.
EasyResearch looks at 3 stocks to get your week going!
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Netflix Inc (NFLX)
Netflix one of the companies who capitalized on the “stay at home” trend at the pandemic peak has gained over 47% over the last year. The streaming company is set to release earnings on Tuesday after the market close and its widely expected to beat earnings forecasts.
But increased competition from competitors like Disney+ has seen subscriber numbers slow down which has now become a focal point for investors when looking at Netflix earnings reports.
Analysts are expecting growth to slow over all while revenue to increase 21% over the last year while earnings are estimated at $1.36/ share.
Goldman Sachs Group Inc (GS)
We have said it before, banking is big business, and they do not get bigger than Goldman Sachs. The poster child of investment banking has been a EasyResearch favorite over the years. The bank is set to release earnings Q4 2020 earnings on Tuesday before the U.S market open.
The expectation is that earnings estimates will impress with the consensus earnings per share (EPS) at $7.36/ share, a 56.9% increase year-over-year while revenue is estimated at $10.06 billion.
Goldman has also reported that it would take over GM’s credit card business starting in September with Mastercard to remain as the card network. “We chose to partner with Goldman Sachs because of their proven ability to innovate,” Chuck Thomson (GM's general manager of retail sales and marketing support)
Paypal Holdings Inc (PYPL)
Another classic Musk innovation is also grown into the largest digital platform that provides money transfer services. The stock has been a pandemic winner and the share price gained over 109% over the last year as payment behaviors changed with the lockdown measures.
Paypal has an excellent track record of earnings and sales growth over the last decade and is set to continue its current trajectory while consumer engagement increases on the platform.
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Informed decisions
The U.S earnings season can be fickle and sometimes disruptive to one’s portfolio at times, especially in times of uncertainty. EasyVestors do not need to worry and should stay the course as opportunities usually present themselves over these periods.
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Sources – EasyResearch, Yahoo finance.
Take note: stock data was taken on 18/01/2021 before the US market open.
Follow Barry Dumas
@BEEF_FINMARKETS
Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.
