Norwegian Cruise Line Possible 60% DropIf earnings are perceived as relatively good to the shareholders then the share price will most likely catapult through the almost-year-old resistance trend line. If earnings are perceived as bad to the shareholders then earnings will most likely move towards the bottom resistance line (Most likely to happen). Before making a position I would wait until after earnings to capitalize, as the earnings will most likely be terrible just based on the past four earnings reports, but there is more money to be made if you are able to fundamentally analyze the stock prior to the earnings release and determine the stock's earnings report possible results based on cash flow or what ever fundamental analysts do.
Earningreports
DUOL Overview and Prediction
In the most recent two-quarters, DUOL has sold off ahead of earnings and then rebounded sharply after reporting earnings beats. Coming into this quarter price action is reversed. DUOL has experienced a strong rally from a quarter ago, clocking in over a 50% gain from the lows of their Q1 2022 earnings in May. This bullish short-term momentum might just be stomped out by this quarter's earnings.
The technical picture for DUOL is somewhat poor, especially in recent trading days. The support trend line has held nicely with three consecutive touches and rebounds. However, with a major event coming up (earnings on 8/4), DUOL may slide well below this support trend line and revisit support zones at/around 84.8, 75.4, and 66.55. The recent bull run makes me increasingly confident in this thesis, as earnings would have to be out of this world positive for any substantial upside gain in my opinion.
Fundamentally, DUOL appears weak. Simply put, Duolingo is overvalued and generates negative profits. There are way too many macroeconomic/geopolitical issues for tech and growth to perform well (at least for the coming 2-3 years). The idea that DUOL, an IPO with no earnings and expected revenue for this year at 267 mil should be valued anywhere near 4 billion dollars seems a bit foolish.
Duolingo's weak technical and fundamental health combined with an unprecedentedly problematic global macro picture prompt me to predict the following: It is a matter of time until this stock falls and eventually forms new lows. It may not be this quarter's earnings that trigger DUOl's stock to move lower, but it will happen eventually... unprofitable growth is the wrong place to be in this environment.
As always this is not meant to be trading advice. Good luck!
ACI Looking Weak Earnings are scheduled to be announced on the 28th for ACI.
Very poor technical setup for ACI, anything less than a phenomenal earnings report should send the stock tumbling down to support at the 21 level. I'm entering a short on ACI as soon as I see a retest of 26.00 and then a follow-up confirmation of lower price action.
Ferrellgas Partners FGP delivered third-quarter fiscal 2019Ferrellgas Partners FGP delivered third-quarter fiscal 2019 adjusted earnings of 21 cents per unit, which beat the Zacks Consensus Estimate of 14 cents by 50%. The partnership generated earnings of 11 cents in the prior-year quarter.
Total Revenues
In the quarter, Ferrellgas Partners’ total revenues amounted to $480 million, down 7% from $516 million in the prior-year quarter.