Cisco, Sysco, Barrick Gold, and other companies to watch this week

Earnings Season’s Stocks to watch: Cisco, RealReal & Barrick Gold

In the past few weeks, investors have received important corporate earnings from many large and small companies in the United States and Europe. This week, the earning season will continue as investors receive earnings from key companies.

Here are the most important companies that will deliver their Q2 earnings this week.

How to trade During the Earning Season?

Cisco Systems

Cisco, the world’s biggest networking company will release its earnings on Wednesday after the market opens. The company has a market value of more than $224 billion, which makes it one of the largest companies in the world. YTD, the stock has gained by more than 27%.

This means that the stock has outperformed the S&P 500, which is up by 19%.

In recent years, Cisco has been challenged because of the increased competition in the networking space. It has also been criticized for not having any share in the ongoing 5G movement.

As with other ‘old-tech’ companies, Cisco has pivoted to the cloud, Internet of Things, Security, and Collaboration services. In the earnings this week, investors will want to see the growth in the cloud segment.

5G, focus on which companies to trade in

Sysco Corporation

Sysco Corporation is one of the biggest agricultural companies in the world. It has a market cap of more than $35 billion. The company will release its report on monday before the market opens.

This year, the stock has gained by 14%, which means that it has underperformed the overall market. Part of the reason for this is that the agricultural sector has been affected by the ongoing trade conflict between the United States and China.

Investors expect the company to generate an EPS of $1.07, which will be a 13.8% gain from a year ago. The revenue estimates are $15.65 billion.

In the past two years, the company has beaten analyst forecasts 75% of the time.

How to Trade the New Normal of Global Trade War

Barrick Gold

Barrick Gold is one of the most important gold mining companies in the world. It has a market cap of more than $31 billion. YTD, the price of the company’s stock has risen by more than 36%.

There are three primary reasons for this.

  • Gold price has moved up. In fact, it is trading close to the highest level in history.
  • There has been a lot of demand for gold from countries like China and Russia.
  • The industry has been consolidating in the industry.

Just last year, the company acquired Randgold for more than $6.5 billion. Investors expect an EPS of $0.09 on revenue of more than $2.0 billion.

Day Trading Strategies for Gold Trading

The RealReal

The RealReal is an online retailer of pre-owned retail products like fashion and accessories. The company launched its IPO in June this year and has since lost more than 38% of its value. The company will release its first results as a public company on tuesday.

Investors expect that the company will generate a loss per share of 31 cents on revenue of $70 million. The company has a market capitalization of $1.4 billion.

Tilray

Tilray is one of the most-closely watched cannabis companies in the world. The company has a market value of more than $3.9 billion. YTD, the company’s stock has declined by more than 40%.

The company will release its earnings on tuesday after the market closes. Investors expect the company to report revenue of more than $40 million and a loss per share of 27 cents. In the previous quarter, the company made a loss of 27 cents and revenue of $23 million.

Macy’s

Macy’s is one of the biggest retailers in the US with a market value of more than $6 billion. In the past one year, the stock has been one of the worst-performers after losing more than 52% of its value. YTD, the stock has declined by more than 37%.

The company will release its earnings on Wednesday before the market opens. Investors expect revenue of more than $5.65 billion and an EPS of 45 cents.

Other key companies that will release their results this week will be StoneCo, Tapestry, iHeartMedia, NVIDIA, and Alibaba.

Other useful resources

How the trade war could take an even bigger chunk out of corporate earnings – CNBC

Fresh IPOs Stink Up Earnings Season With Missed Results – Bloomberg

 

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