Here’s your Investing Action Plan: what you need to know as an investor for the coming week. China EV stocks will be in focus as Li Auto reports Q2 earnings and August sales, with monthly tallies from rivals Nio and Xpeng also due. Chip giant Broadcom also reports earnings, while several key economic indicators are coming, capped by the monthly jobs report.
Stocks To Watch
Dexcom (DXCM) is closing in on a 527.20 buy point. PerkinElmer (PKI) is just below a 188.50 entry. Pool (POOL) is working on a 495.32 buy point but an earlier rebound off the 10-week line could be seen as an early entry. Deckers Outdoor (DECK) has a 444.58 buy point. Idexx Laboratories (IDXX) is eyeing a 707.05 entry.
China EV Stocks
Early Monday, Li Auto (LI) is expected to report per-share losses narrowed to 4 cents from 41 cents a year ago. Revenue is seen leaping 1,366% to $4.41 billion. The maker of the Li One hybrid-electric SUV already disclosed that Q2 deliveries jumped 166% year over year and 40% quarter over quarter for an all-time high of 17,575 EVs. Meanwhile, Nio (NIO), Li Auto and Xpeng Motors (XPEV) are all likely to reveal August sales in the coming week. Sales of electric cars are booming in China and made up 10% of total auto sales there in the first seven months of this year. Meanwhile, Chinese EV makers are ramping up in Europe, another booming EV market.
Broadcom Earnings Seen Up 27%
The chipmaker will report fiscal Q3 results late Thursday. Analysts expect EPS to climb 27% to $6.88 as sales grow 16% to $6.76 billion. Broadcom (AVGO) stock has been consolidating for the past 27 weeks with a buy point of 495.24. Other chipmakers reporting earnings in the week ahead include Ambarella (AMBA) on Tuesday and Semtech (SMTC) on Wednesday.
Zoom Leads Software Reports
Videoconferencing provider Zoom Video Communications (ZM) reports late Monday as growth decelerates amid the economy reopening. Analysts expect EPS to rise 26% to $1.16 with revenue up 49% to $991.2 million. Asana (ASAN) reports late Wednesday. The enterprise software maker is expected to narrow per-share losses to 26 cents from 34 cents a year earlier as revenue grows 57% to $82.3 million. DocuSign (DOCU) reports after the market close Thursday. Analysts expect the maker of electronic signature software to report a 135% EPS pop to 40 cents on a 43% revenue jump to $499.7 million.
Cybersecurity Stocks To Report
CrowdStrike (CRWD) reports after the market close on Tuesday. EPS is expected to jump 200% to 9 cents, with revenue up 62% to $323.2 million. CrowdStrike stock was added recently to the Nasdaq 100 index. Okta (OKTA) reports late Wednesday. Amid its acquisition of Auth0, Okta is expected to swing to loss of 34 cents a share from a year-ago profit of 7 cents a share, while revenue grows 48% to $296.7 million.
Data on pending homes sales comes out on Monday, and the Case-Shiller home price index is due on Tuesday. On Wednesday, ADP’s private-payroll report, the Institute of Supply Management’s manufacturing-activity index, and the Commerce Department’s construction spending data come out. Weekly jobless claims and the monthly trade balance are due on Thursday. And the Labor Department puts out its jobs report on Friday.
- Catalent (CTLT) reports fiscal Q4 earnings early Monday. Analysts see the clinical services provider’s EPS rising 22% to $1.10 as sales increase 20% to $1.14 billion.
- Five Below (FIVE) reports late Wednesday. Wall Street expects the teen-centric discounter’s EPS to jump 109% to $1.11, with revenue up 55% to $658 million.
- Veeva Systems (VEEV) reports late Wednesday, and the developer of software for the life sciences industry is expected to grow EPS by 21% to 82 cents as sales climb 28% to $452 million.
- ChargePoint (CHPT) will report late Wednesday, and the EV charging station network is expected to report a loss of 14 cents a share on revenue of $48.5 million.
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