New Trade for April 18th, 2023

Stocks ticked higher this morning following better-than-expected first-quarter results from major companies such as Johnson & Johnson and Bank of America. Investors are awaiting results from other notable names set to report this week, including Tesla, American Express, and Procter & Gamble.  

While earnings results so far have proved resilient, traders are looking for insight into how companies are holding up amid a period of persistent inflation and rising interest rates. Our recommendation for today has surpassed analyst expectations in the past two quarters and seems well-positioned to continue this trend when it reports earnings later this month. Don’t miss out on this opportunity – read on to discover which company we’re recommending today.

Banyan Hill:

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The Forever Battery: Making Gas Guzzlers Obsolete

Only 2% of cars sold in the U.S. today are electric vehicles… but that’s about to change — FAST.

A new battery breakthrough is ready to hit the market. It could revolutionize the $2 trillion automotive industry … and could soon make gas guzzlers obsolete.

This technology is predicted to cause a 1,500% surge in electric vehicle sales over the next four years.

The company pioneering this new battery could be the investment of a lifetime.

[Full Story…]

Warner Bros. Discovery, Inc. (WBD)

Warner Bros. Discovery is a leading global media company and TV and movie studio. Management’s top priority in the next six months is the relaunch of a consolidated streaming service with live sports content as a central part of the company’s portfolio, including its rights to March Madness, NHL, MLB playoffs, and the NBA.

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Most recently, the company blew past earnings expectations with a 1,500% surprise. Prior to that, WBD delivered a 750% earnings surprise.  

On average, Wall Street analysts predict WBD’s share price could reach $18.72 in the next 12 months. The average price prediction forecasts a potential upside of 29% from the current WBD share price. Look out for WBD’s next earnings release, expected on April 25.  

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