The following are the notable earnings for this week:
ORCL – earnings will be released on June 11, after close. Oracle closed at 125.92 last June 7. I am a bit bearish in the cloud segment business right now and I guess the recent upside of this stock was already priced in anticipation of the upcoming earnings. I will be checking 113p / 116p on this one.
AVGO – earnings will be released on June 12, after close. Broadcom closed at 1406.64 last June 7. I would love to see this stock breakout to 1500 to 1600 level. Higher can get higher so I will be checking the 1600c on this one.
ADBE – earnings will be released on June 13, after close. Adobe closed at 465.43 last June 7. Quarterly margin getting thinner. I think this will test 430 levels. I will be checking 425p / 430p.
Nothing is guaranteed here. Stocks mentioned above could trade opposite or sideways depending on the earnings outcome.