Hey Insiders, On Tuesday, after the closing bell, Netflix held its Q2 2022 earnings call. The company announced that it had lost 970,000 subscribers but still saw its stock rise in response. This increase in stock price despite losing subscribers and reporting lower than expected earnings ($7.97B versus expectations of $8.035B) was due to extremely low expectations for the company. Investors had predicted that the company would lose 2 million subscribers and were bracing for negative market movement following Netflix's 35.12% single-day decline after its Q1 2022 earnings call and 21.79% single-day decline after its Q4 2021 earnings call. In fact, Netflix stock had only risen once in the day following its earnings call in the last 10 quarters. Today we will look at seven stocks with low expectations that may jump following their earnings calls. As always, feel free to reach out on Twitter if you have questions or suggestions. Onwards and Upwards, | | |
Stock to Watch: Skyworks Solutions (NASDAQ: SWKS) - The company's earnings per share number has been revised by investors, with expectations down 10%.
- The stock is down 31.6% so far in 2022.
- In the last month, the stock is up 16.4%
- In the last 10 years, the stock has returned 302.8%.
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Stock to Watch: Intercontinental Exchange (NYSE: ICE) - The company's earnings per share number has been revised by investors, with expectations down 10%.
- The stock is down 28% so far in 2022.
- In the last month, the stock is up 8.3%
- In the last 10 years, the stock has returned 304%.
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Stock to Watch: Abbott Laboratories (NYSE: ABT) - The company's earnings per share number has been revised by investors, with expectations down 24%.
- The stock is down 22% so far in 2022.
- In the last month, the stock is up 7%
- In the last 10 years, the stock has returned 323%.
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Stock to Watch: Estee Lauder (NYSE: EL) - The company's earnings per share number has been revised by investors, with expectations down 78%.
- The stock is down 30.5% so far in 2022.
- In the last month, the stock is up 7.7%
- In the last 10 years, the stock has returned 423.5%.
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Stock to Watch: Intuit (NASDAQ: INTU) - The company's earnings per share number has been revised by investors, with expectations down 86%.
- The stock is down 37.3% so far in 2022.
- In the last month, the stock is up 9.1%
- In the last 10 years, the stock has returned 642.4%.
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Stock to Watch: Moody's (NYSE: MCO) - The company's earnings per share number has been revised by investors, with expectations down 18%.
- The stock is down 26% so far in 2022.
- In the last month, the stock is up 13%
- In the last 10 years, the stock has returned 778%.
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Stock to Watch: EPAM Systems (NYSE: EPAM) - The company's earnings per share number has been revised by investors, with expectations down 18%.
- The stock is down 50% so far in 2022.
- In the last month, the stock is up 10.5%
- In the last 10 years, the stock has returned 1,970%.
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| | Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law at Zargar Lawyers + Business Strategists in Vancouver, Canada. | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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