REVIEW: How did Tencent, Cisco, Applied Materials perform post-earnings (Aug 10-14)?



• Tencent smashed past downside target; overtaken by CXMT as China's biggest listed company!

• CISCO briefly hits new record high, before respecting downside target

• Applied Materials set to open today (Fri, Aug 14) close to downside target

• BONUS: Scroll to bottom to see the 3 biggest gainers on the S&P 500 so far this week!



Win a Cybertruck this Stock Earnings Season



Another week of this earnings season has entered the history books.

Here we look back at how our "3 Stocks to Watch" - highlighted on Monday, August 10th - have fared this week:



1) Tencent smashes past downside target, no longer China's biggest listed stock!



• Mon, Aug 10 - what we wrote: "Tencent to post new August low?"

Tencent price chart published on Aug 10:



• Wed, Aug 12th: Tencent smashes below the 59.60 downside target we had set at the start of the week!

Trade Tencent now



More notably, because of Tencent's stock price tumble this week ...

CXMT, whose perps were just listed on Bybit on July 27th, has now overtaken Tencent as China's biggest listed company!

Trade CXMT now

Market cap as of August 14th:

• Alibaba: US$ 292.8 billion

• Tencent: US$ 503 billion

• CXMT: US$ 547.3 billion

READ MORE: How to trade CXMT stock perpetuals on Bybit





2) Cisco respects downside target



• Mon, Aug 10 - what we wrote: "Cisco to set new record high?"

Cisco price chart published on Aug 10:



• Thur, Aug 13th: Cisco DID set a new record high!

However, Cisco's latest all-time peak was merely fleeting, as it only briefly breached $134 in the US post-market session.



More notably, when US markets reopened on Thursday, Aug 13th ...

Cisco then tumbled to (almost perfectly) respect the downside target of $112.60 set since Mon, Aug 10!

Trade Cisco now





3) Applied Materials set to open today (Fri, Aug 14) around downside target



• Mon, Aug 10 - what we wrote: "Applied Materials may reach our downside target of $504.37 if its past quarter's results and/or its earnings guidance disappoints markets."

AMAT price chart published on Aug 10:



• Fri, Aug 14th: AMAT set to open today close to the $504.37 downside target set since Mon, Aug 10.

Trade AMAT now



BONUS: 3 biggest gainers on the S&P 500 so far this week (Aug 10-13)

1) Sandisk: +26%

2) SMCI: +25.8%

3) Marathon Petroleum: +19.5%

^{(% gains as of prior to US market open on Friday, August 14th)}





Don't Miss Out!

Refreshed on Mondays: Tap here on Monday for the coming week's earnings along with their forecasted stock price reactions.









DISCLAIMER:This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.