S&P 500 ExxonMobil (XOM), Delta Airlines (OBTAIN) And Qualcomm (QCOM) along with Dow Jones stock Boeing airplanes (father) And Autolife (ALV) is the focus this week.
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With the market rally trying to gain momentum, these stocks outperformed and provided investors with exposure options in various industries — including energy, conduit and aviation.
The Dow Jones is not far from its August and December highs, but has lagged in 2023 as it eased over the weekend. The S&P 500 also fell on Friday.
Overall, mixed industries with health insurers, oil and gas, pharmaceuticals and heavy equipment manufacturers are all struggling. However, the technology and growth sectors are doing well in the current market, along with the housing, travel and automotive sectors in general.
With the stock market rally going on for several weeks, the January jobs report surprised many on Friday. Nonfarm payrolls rose 517,000 in January, well above the Econoday consensus of 185,000. This comes amid recent layoffs and cost-saving measures being rolled out across many sectors.
The earnings report will still weigh on the market next week. However, investors should keep an eye on these five stocks, given their exposure to S&P 500 and Dow Jones stocks, and the diverse industries they participate in.
S&P 500 Stock: Exxon Mobil
XOM shares rose 0.7% to 111.92 on Friday. For the week, however, S&P 500 shares of Exxon Mobil fell 3.2%.
Exxon Mobil stock has formed a flat sole and has been trading around 114.76 buy points. The stock has been tracked with the S&P 500 since late December. XOM stock has found support at its 50-day moving average and has held up better than many other energy names in recent days, as prices Crude oil, gasoline and natural gas fell.
In 2022, as the US economy began to recover from the Covid pandemic, Russia invaded Ukraine in February, sending oil, gasoline and natural gas prices soaring for most of the year.
S&P 500 Exxon Mobil Stocks Posted mixed fourth quarter financial results on Tuesday, beat earnings estimates but fell short on revenue views. However, spurred on by a “favorable market,” the company reported its biggest profit ever in 2022 and its highest annual revenue since 2013.
In Q4, Exxon Mobil reported a 66% EPS increase while revenue grew 12% to $95.43 billion. In 2022, Exxon Mobil earnings skyrocketed 160% to $14.06 per share. Revenue increased 45% to $413.68 billion.
S&P 500 stock Exxon Mobil ranks fifth on the list Group of general oil and gas industry. XOM stock has 85 Overall rating. The stock also has a Relative Strength Rating of 85, a proprietary index Check IBD Stocks measure of stock price volatility. The EPS rating is 77.
S&P 500 Stock: Delta Air Lines
DAL stock is up 2.2% for the week. But shares of Delta Air Lines fell 0.8% to 39.58 on Friday, just below a 39.72 buy point.
DAL stock has formed a cup with handle The facility returned in April of last year. The handle is also modestly above the bottom in that much larger consolidation range. Delta Air Lines stock has a Composite Rating of 98. Its Relative Strength Rating is 80 and an EPS Rating of 82.
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S&P 500 Delta Air Lines Stock Report fourth quarter earnings on January 13after lifting Q4 guidance and giving a positive 2023 outlook in mid-December, driven by strong travel demand.
Earnings rose 570% to $1.48 per share, well above both analyst consensus and company guidance. Operating revenue reached $13.44 billion, up 17%. Adjusted revenue came in at $12.292 billion, up 30% year over year.
CEO Ed Bastian expects Delta Air revenue to grow 15%-20% in 2023. The improvement in unit costs supports the outlook for full-year earnings of $5 to $6 per share. shares, “gets us on track to achieve more than $7 in earnings per share by 2024,” Bastian said.
In 2023, Delta stock in the S&P 500 is also expected to generate more than $2 billion in free cash flow, as it looks set to continue paying off debt. But Chief Financial Officer Dan Janki has moderated expectations for early 2023.
Dow Jones Stock: Boeing
BA stock fell 1.6% to 206.01 on Friday in market trading, closed below the 21-day line for the first time since Oct. 26. For the week, Boeing shares fell 2.4%, reversing lower from an 11-month high. BA stock is hovering around 216.74 buy points in a month-long consolidation. A larger pullback to the 10-week uptrend line could make a stronger case for BA stock.
Boeing stock has extended from its November 2022 breakout through 173.95, following a strong bounce from late-September lows.
Plane maker Boeing surprised investors with a big fourth quarter loss on Jan 25as rising costs weigh on the resumption of jet deliveries.
Boeing reported a core loss per share of $1.75 even as revenue jumped 35% to $19.98 billion. Wall Street has expected earnings of 30 cents per share and revenue of $20.18 billion.
The commercial aircraft unit reported a negative operating profit margin of 6.8%, reflecting “extraordinary costs and time costs, including research and development.” However, Boeing delivered 480 planes in 2022 and won 774 net new orders, compared with 340 deliveries and 479 new orders in 2021.
However, Boeing is still raising prices in 2023.
Dow Jones’ Boeing stock has a Composite Rating of 66. It has a Relative Strength Rating of 90, the proprietary IBD Stock Test measure of stock price movements. The EPS rating is 25.
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S&P 500 Stock: Qualcomm
QCOM stock fell 0.6% on Friday, but recovered from its 200-day moving average on the day. Shares rose 1.2% to 135.02 for the week. Qualcomm stock found support at the 200-day moving average after mixed Q1 2023 earnings and best guidance lacked.
Investors can keep an eye on Qualcomm stock to see if it forms a handle in the base from late July.
Late Thursday, S&P 500 stock beat its fiscal first-quarter earnings estimate, reporting that EPS fell 26% to $2.37. The company missed the revenue perspective, with revenue falling 12% to $9.46 billion.
Revenue at the CDMA Technologies unit, which includes smartphone chips, automotive chips and Internet of Things (IoT) devices, fell 11% to $7.89 billion.
The company’s Q2 financial guidance is generally below consensus, though not by as much as many other chip games in recent days.
S&P 500 Qualcomm stock ranks 14th on the list Semiconductor industry group. QCOM stock has a 67 Composite Rating. The stock has a Relative Strength Rating of 57. EPS Rating of 85.
Autoliv stock
ALV stock fell 1.8% to 90.27 on Friday. For the week, the stock reversed 2.7%. Autoliv stock is trying to maintain its earnings disparity. The base buy point at the stock’s 89.98 bottom is still technically valid.
The price gap in Autoliv stock is acting as a support to that bottoming base. However, that distance is now also a treatment deep cup base back to the end of 2021, with a buy point of 93.88.
Sweden-based Autoliv is a supplier of automotive safety equipment with sales to many of the leading car manufacturers worldwide. On January 27, Autoliv beat Q4 earnings estimates but missed revenue. EPS increased 41% to $1.83 per share while revenue increased 10% to $2.33 billion. ALV stock jumped more than 9% on Jan. 27 following the company’s earnings news.
Analysts expect 2023 earnings to grow 48 percent to $6.51 a share and revenue to grow 12 percent to $9.9 billion, according to FactSet.
Autoliv stock is eighth in the rankings Cars/Trucks-Original Equipment industry group, with several other auto parts manufacturers showing strong action. ALV stock has a Composite Rating of 86. It has a Relative Strength Rating of 75. EPS Rating of 75.
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