Second $ROST entry on bullish confirmation!
Key Stats:
Technical Reasons Supporting an Increase:
Fundamental Reasons Supporting an Increase:
Potential Paths to Profit:
Disclaimer:
We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
- Market Cap:51.9B
- P/E Ratio: 24.65 (sector average ~22.5)
- Free Cash Flow:1.6B TTM
- Next Earnings Date: March 4, 2025
Technical Reasons Supporting an Increase:
- Ascending Channel Formation: ROST continues to trend upward within a well-defined ascending channel, targeting the upper band near $190.
- Key Moving Averages Bullish Crossover: The 50-day SMA just crossed above the 200-day SMA—hello, golden cross.
- RSI Momentum Breakout: RSI (14) remains at a healthy 62, suggesting bullish momentum without overbought conditions.
Fundamental Reasons Supporting an Increase:
- Strong Q3 Earnings Beat: Revenue up 8% YoY with EPS growth of 12% (Q3 FY24). Management raised FY guidance, reinforcing investor confidence.
- Off-Price Retail Resilience: Amid inflationary pressures, ROST’s model thrives by offering value-conscious customers an edge.
- Expansion Plans On Track: 100 new stores planned by 2025, creating a pathway for revenue growth and broader market penetration.
Potential Paths to Profit:
- Option 1 (Lowest Risk): Buy shares outright and hold.
- Option 2 (Moderate Risk): Buy LEAP calls for potential returns based on implied move calculations.
Disclaimer:
We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Disclaimer
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