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Earningsplay

Goldman Sachs Reports Earnings Next WeekThe last two weeks have seen a sharp pivot toward technology stocks and the Nasdaq. But traders might want to remember that big financials including Goldman Sachs kick off earnings season next week. Several patterns appear on the chart. First, GS has pulled back near its 50-day simple moving average (SMA) but not quite touched it. Second, its range has been tightening. Bollinger Band Width is down to its tightest levels since mid-December. This creates the potential for price expansion. Finally, stochastics recently showed an oversold condition. Aside from earnings (on Wednesday, April 14), the economy is a potential catalyst for GS. Most data continues to point toward a strong recovery – especially today’s higher-than-expected producer price index. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:GSLong
by TradeStation
Nike Is Trying to Break Out Before EarningsNike has taken a long pause, but now the sneaker giant may be trying to break out with earnings due Thursday afternoon. NKE beat estimates on December 21, eliciting a wave of bullish analyst notes. However the stock rallied before the report, and proceeded to ease lower for the next 2-1/2 months. The result has been a price channel with a slight downward slope. Given its big run off last year's, that’s starting to resemble a long bullish flag. (Notice the similar pattern between September and November – also following a strong quarterly report.) Interesting things happened on March 5. NKE briefly undercut its January low and tested levels previously seen in mid-November. The shares came surging back to end the session in the green, resulting in a false breakdown and bullish hammer. They kept running from that point and yesterday managed to close above the top of the descending channel. Given NKE’s exposure to the economic reopening and strong results lately, traders may expect more good news this week. Related names like Foot Locker, Under Armour and Skechers USA have also been hitting new highs. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:NKELong
by TradeStation
6
It's a bargain, but not for long!CSLT is reporting earnings today so this is fitting. Looking at the monthly chart over the course of two years you can see the downward channel it's been following. Due to a string of better than expected earnings, it broke up through a major downward trendline that was weighing it down. My guess is that they'll beat earnings today as they recently had COVID related contracts. We can expect it testing the upper channel and likely breaking through it to test the moving average at ~$2.50. Then the moon perhaps... As for the long term, you can see a cup and handle pattern forming which could make this thing a real rocket.
CLong
by RossJohnson
$CASA strongest Q4 with record wireless revenueIn the fourth quarter of 2020, Casa Systems' revenue rose 7% year over year to $120.5 million. Adjusted earnings increased from $0.15 to $0.27 per diluted share. Your average Wall Street analyst would have settled for earnings of roughly $0.11 per share on sales near $107.5 million. The company booked 26 purchase orders for 4G and 5G wireless systems in the fourth quarter, making wireless products the largest revenue generator in this period at 42% of total sales. That's a significant shift from the year-ago quarter, where cable broadband equipment accounted for a leading 48% of Casa's total sales. Wireless sales nearly doubled in fiscal year 2020, while fixed telco network sales posted even faster growth of 150%. The laggard in Casa's portfolio these days is the cable networking segment, which CEO Jerry Guo sees as a "steady and consistent" contributor rather than a growth driver. www.fool.com “We had one of our strongest quarters with record wireless revenue and a healthy backlog to support our top-line growth in 2021,” finance.yahoo.com
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by AlenCiken
$JMP killer earnings $0.45 per shareJMP Group (NYSE:JMP) stock is soaring higher on Friday after releasing its earnings report for the fourth quarter of 2020 after-hours yesterday. The most recent earnings report has JMP Group bringing in earnings $0.45 per share of on revenue of $53.62 million. Both of these are strong increases over the company’s EPS and revenue of 1 cent and $23.82 million from the same time last year. Those positive results for the quarter are easily enough to explain why JPM stock is on the rise today. However, there’s more investors should note. It looks like the company is the target of investors looking to pump and dump it on the news. Talk on social media seems to back this idea up. As a trader you have to understand the power of a catalyst. $JMP had killer earnings. finance.yahoo.com
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by AlenCiken
$VCRA provide outstanding Fourth Quarter 2020 Financial ResultsVocera Announces Fourth Quarter 2020 Financial Results $VCRA Today reported total revenue of $56.6 million for the fourth quarter of 2020, an increase of 14% compared to last year. GAAP net income of $0.1 million compared to a GAAP net loss of $(1.7) million last year Non-GAAP net income of $9.7 million compared to $4.9 million last year Adjusted EBITDA of $13.1 million compared to $6.9 million last year Full-year bookings were $233.3 million, up 17% year-over-year Deferred revenue and backlog combined of $173.9 million as of December 31, 2020, an increase of 28% over last year Earnings per share were up 86.67% over the past year to $0.28, which beat the estimate of $0.20. finance.yahoo.com finance.yahoo.com
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by AlenCiken
2
The Art of Earnings Speculation - First Ask the Right QuestionsIf anybody tells you that "playing" earnings reports is the equivalent to pure-chance gambling is one or more of the following: 1) A person that has recently speculated in the wrong direction and lost all of his options equity in one afternoon 2) A very inexperienced trader or investor that plays "long ball" and thus does not waste time worrying about short-term events 3) Highly systematic traders that have tried and failed at programming the nuanced details required to properly identify highly reactive setups The third point above is what this post is all about. Earnings speculation is wholeheartedly an artform; very little science can be applied to consistent success. Essentially, the keys to speculative success are: i.) Understanding which information is most relevant toward picking out highly reactive situations Start by simply asking the questions presented above (and at the bottom of this section for reference). ii.) Mastering the concept of relativity; within the context of public reaction to financial news Example: For the past three weeks, unemployment numbers have missed expectations. There is another report coming out in 15 minutes. But Tesla just reported that they just got FDA approval for a new model of EV that can administer anesthetics to urgent care patients being transported to the hospital in critical condition. In all likelihood, another miss on the unemployment front will certainly elicit another collective groan, however, the Tesla news will probably cause the net transaction of information to tick the market higher, all else equal. iii.) Knowing that taking both sides of the report is essential to long-term success. Firstly, Wall Street is the dictator of all earnings results. It is the collective average analyst expectations that determine a "beat" or a "miss." A top-line beat refers to a company's quarterly report that posted higher-than-expected revenues than was "estimated" by analysts. Top-line beats and misses have been more relevant in terms of creating highly reactive setups than those of the bottom-line variety. Bottom-line refers to actual earnings - the stuff at the bottom of the income statement that factors in all of the financial trickery companies can take advantage of to become more profitable. The market's recent focus on top-line is, in my opinion, therefore a more correct evaluation of future business success for any given company. For the sake of brevity, I will keep the detailed explanations at a minimum for this post. Ultimately, this is meant to serve as a pre-cursor to those that have an interest in improving their returns when they do (inevitably) speculate on earnings reports. If you find this information helpful, let me know in the comments section. There is so much that goes into successful earnings speculation that one post cannot possibly do it justice. Lastly, I have included the questions presented in the post at the bottom of this write-up for additional reference. -Perma-Earnings-Pig Questions to Ask Before an Earnings Report: 1) How has the stock reacted when it missed estimates in prior quarters? 2) In the same week, how have prices of stocks in the same industry group reacted to surprises in either direction? 3) Where in the last nine-month price range is the stock trading at over the last three weeks? 4) Has the market been trending upward since the prior month? 5) When (date, time, day of the week) is the report? What other companies are reporting at the same timeslot?
NYSE:CHGGEducation
by UnknownUnicorn5511258
10