$DKS Long Retailer.
Updated
Hey Tradingview. Welcome back to another idea.
Unfortunately, Tradingview took down my
AMD post. They said because I mentioned soliciting.
So I have to really watch my words now on this platform which is kind of weird. It was never like this...
Anyway, figured ill fester up a new idea to bring to you guys for this coming trading week.
It's DKS. After Monsterous earnings recently. Alongside
LULU my other Retailer of choice.
The bottom line is also getting stronger at the retailer with net income soaring in Q2 to 495.5M vs. 276.8M a year ago and 112.5M two years ago.
Dick's Sporting Goods (DKS) ended the quarter with 2.24B in cash and no borrowings on the credit facility to free it up for the special dividend announcement.
Technicals- Strong Multi-month bull trend. Still intact, confirming higher prices to follow.
Fundamentals- Growing strong earnings, 400M in share buybacks. Mastercard SpendingPulse predicts that U.S. holiday retail sales will be up 7.4% compared to last year. DICK's also raised its FY 2021 revenue guidance by roughly a billion dollars after its second-quarter earnings beat.
Risk- If the trend is removed for some reason. We will then have to re-evaluate a trade. But for an Equity investment, a long-term horizon certainly buys more.
Unfortunately, Tradingview took down my
AMD post. They said because I mentioned soliciting.So I have to really watch my words now on this platform which is kind of weird. It was never like this...
Anyway, figured ill fester up a new idea to bring to you guys for this coming trading week.
It's DKS. After Monsterous earnings recently. Alongside
LULU my other Retailer of choice. The bottom line is also getting stronger at the retailer with net income soaring in Q2 to 495.5M vs. 276.8M a year ago and 112.5M two years ago.
Dick's Sporting Goods (DKS) ended the quarter with 2.24B in cash and no borrowings on the credit facility to free it up for the special dividend announcement.
Technicals- Strong Multi-month bull trend. Still intact, confirming higher prices to follow.
Fundamentals- Growing strong earnings, 400M in share buybacks. Mastercard SpendingPulse predicts that U.S. holiday retail sales will be up 7.4% compared to last year. DICK's also raised its FY 2021 revenue guidance by roughly a billion dollars after its second-quarter earnings beat.
Risk- If the trend is removed for some reason. We will then have to re-evaluate a trade. But for an Equity investment, a long-term horizon certainly buys more.
Trade active
Great postion.Note
Dick's earnings leaped 59% to $3.19 a share, above estimates for $2.06 per share. Sales popped 14% to $2.75 billion. That was above forecasts for $2.507 billion.Same-store sales rose 12.2%. That was well above Consensus Metrix estimates for a 3.4% gain
Great Earnings beat. Added on the Dip at 126. stock closed @135. Great results!
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