Hi HODLers,
Next week is going to be key for the stock market as major companies are going to publish their Q3 earnings.
Just to name a few:
- Tesla
- Netflix
- Procter & Gamble
- Johnson and Johnson
- IBM
...
We will learn more about consumer demand and the impact of inflation on their sales and profits.
So far, companies have navigated the environment quite well.
I was for example very surprised that PepsiCo posted such great earnings as they stated:
"demand is holding up well for its brands, which include Doritos chips and its namesake sodas, even as prices are up 17% on average from last year".
I can almost see the good'ol: "Bad news is good news" coming bacl. Meaning that if companies are publihsing bad results, market participants might anticipate the FED to stop raising rates at some point
Consolidation to protect margins
Supermarket operator Albertsons Cos. Inc. will report its earnings Tuesday. They will try to merge with a competitor! In my opinion, this is a defensive move.
on the heels of rival Kroger Co.’s plans to buy the company in one of the biggest deals in the history of the U.S. grocery industry.
I kept my PUTs on the market (NASDAQ, SP500), I have PUTs on Energy ETFs (recession = less demand for energy even with the current war) and PUTs on Real Estate and specific tech companies that are shitty in my opinion (RobinHood, Avaya).
This is not financial advice!
In any case, stay safe out there!