Labor Day week is here. That means there will be a short 4-day trading week. But there is still the opportunity to make some big gains. More specifically, I see 3 stocks that are sure to make big moves as they report their earnings this week. This is The Ventric’s Weekly Earnings Report Preview.
Peloton Earnings Report Preview
The best opportunity for this week comes in the shape of Peloton Interactive Inc (PTON). The Weekly Earnings Report Preview highlights Peloton because of the at-home fitness sector that it is apart of. Due to COVID, this sector has seen monstrous growth. The only question seems to be if companies can capitalize on this growth.
One of the biggest factors that makes this an interesting opportunity is that they are expanding their product line. They are expected to release a treadmill and high-end bike which marks their attempt to “strike while the iron is hot”. Their earnings report will be on 09/10/2020 so make sure to keep an eye on it.
American Eagle Outfitters Earnings Report Preview
Another stock that made it to the Weekly Earnings Report Preview is American Eagle Outfitters (AEO). While the retail sector has taken a hit in revenue due to COVID, American Eagle Outfitters seems to be in a great position to report big numbers. Their investment in their digital sales sector was seen as a very smart move by investors. Even though their digital sales were already on a upward trend, it looks like they will rise even higher.
One thing that should also be taken into consideration is that many investors believe that the company’s stock is currently undervalued which means that it has room for growth. AEO’s earnings report is set for 09/09/2020 so be ready.
Lululemon Earnings Report Preview
Lastly we have Lululemon (LULU). This is the only one on the Weekly Earnings Report Preview that is recommended as a short. Even though the company has gained 100% since their low-point in March 2020, I don’t see a positive in their earnings report.
Gym Shark and Nike are serious competitors to Lululemon and we think those companies are actually better places for growth. Their earnings report could be a coin flip since they do have the infrastructure to weather the storm of COVID. But I’m betting on the earnings report failing to meet expectations.
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Financial Disclosure
Do not base any investment decision on anything that you read on this post. I am not qualified nor licensed to provide advice on stocks and investing. This is an opinion piece mainly mean to spread some information about a certain situation. All claims in this article are speculative and should not be taken as advice. I do not own or plan on owning any stock or options from the companies mentioned above.
