After the close, Tesla, Alphabet, ServiceNow, IBM, and Texas Instruments will all report their earnings.
Consensus estimates for the stocks after today’s close:
- Alphabet/Google (GOOGL): EPS $2.88; revenue $117.1 billion.
- Tesla (TSLA): Adjusted EPS $0.53; revenue $26.4 billion.
- ServiceNow (NOW): Adjusted EPS $0.86; revenue $3.93 billion.
- IBM (IBM): Adjusted EPS $2.94; revenue $17.42 billion. IBM has already indicated that results would be near these levels.
- Texas Instruments (TXN): EPS $1.93; revenue $5.24 billion.
Estimates can vary slightly depending on the data provider and whether EPS is reported on a GAAP or adjusted basis.
In the video above, I outline the key technical levels in play and explain why those levels are so key for the bias going forward.
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This article was written by Greg Michalowski at investinglive.com.
