QCOM earnings could be better than analysts expectThe semiconductor has been hot lately, with recent earnings beats from MU, INTC, TSM, and TXN. These companies' performance implies that demand in this sector has recovered faster than analysts expected. That bodes well for Qualcomm, which posts earnings results Wednesday. The Zacks Earnings Surprise Prediction is 0%. However, QCOM has a long history of beating earnings expectations, which it's done for the last 8 quarters straight.
Technical analysis from Recognia and TradingCentral indicates that QCOM is in Elliott Wave 5, headed toward a price target of $80-82 per share. That's at least 6.5% upside from the current price. According to TipRanks, the average analyst price target is $84.70, which is 12.5% above the current price.
Analyst ratings on the stock are surprisingly mixed, given the high average price target. QCOM has a "sell" rating from Zacks, the most accurate analytics firm, and a 6/10 ("neutral") Equity Summary Score from Thompson Reuters StarMine. Investor sentiment appears neutral overall, with the stock holding above its daily moving averages, but MACD is below the signal line on both the hourly and daily charts. The price is currently below its 20-hour moving average and slightly below its Hull Moving Average. The price shadow on the candlestick chart implies that sellers are currently in control, but that buyers are waiting for a green light to take over.
The bottom line for me is that investors and analysts may be undervaluing Qualcomm and underestimating its prospects of an earnings beat, given the overall strength of the sector and the company's history of beating estimates. Qualcomm has strong support at its current level from both the volume profile and the daily moving average, which makes this possibly a good entry.
In the event of an earnings miss, the price could find earnings-day trend line support around $72.88 or moving average support around $67.50. Meeting expectations could leave the stock in a slow downtrend. An earnings beat could send the stock to $78, $79, $80.75, or $82.50. A really big beat could send it as high as $86 on earnings day.
Earningsplay
$BA Where Bad News is Good? Boeing (BA) to recognize charge and increased costs in second quarter due to 737 max grounding; amounts relate to expensing of estimated potential concessions and other considerations to customers and impact of continued lower 737 max production rate; said charge will result in a $5.6B reduction of revenue and pre-tax earnings in quarter and will record an after-tax charge of $4.9B
I'm all about ":flag_us: first, but this has been propped up far too long.
Watching these levels closely. If we break above resistance (red line) 384 area could be next, but there is too much downside risk.
MANPOWER (MAN) Put OptionsGood Morrow Traders,
Monthly head and shoulders forming from the gods. Looks like we may just be topping out here on the right shoulder.
If you don't buy some puts on this to take a shot at a big win I'll be pissed. NYSE:MAN
Remember you do not have to take a lot of risk here to make money. Lose small, win big.
Hoping for another Dave and Busters 2000% gainer here, if it hits I'll see you all in Mexico.
BAC Bullish Earnings ExpectationHaving bet the street's earnings estimates for the past 9 quarters, BAC looks bullish ahead of its quarterly earnings announcement today. With above average volume just confirming price action, we might expect to see an upside movement in the after hour markets today. The stock is currently above its short-and long-term moving averages, as well as breaking through significant support and resistance levels.
American Outdoor Brands Company Earnings PlayAOBC reports earnings next week on June 18. Historically, AOBC usually beats earnings estimates. Additionally, AOBC has recently had its earnings estimates revised upward, which is a good predictor of an earnings beat. Zacks has given this company a high probability of an earnings surprise.
Companies whose share price has recently fallen typically get the biggest bump from an earnings beat and the smallest drop from an earnings miss. AOBC is down 40 cents per share since this time last month, and over $5.00 per share this year. That makes AOBC a really good candidate for a bet on an earnings beat. As you can see, it's getting a big bump today as investors gear up for next week's earnings reports.
Coffee Holding Company Earnings PlayCoffee Holdings Co. (JVA) reports earnings Monday. JVA's earnings have beaten estimates about half the time and missed the other half of the time. Historically, earnings beats have led to at least a few days of strong price performance for JVA.
Stocks whose share price has recently declined tend to get the biggest bump from earnings beats and the smallest drops from earnings misses. JVA is down over 40% from its February peak, making it a good candidate for an earnings play. This is a particularly risky kind of bet to make, but the rewards from a winning bet are high.
As a bonus, JVA is a pretty solid stock, even setting earnings aside. It's rated a good quality, financially healthy, undervalued company by S&P Capital IQ.
Darden to make modest gains pre-earningsDarden Restaurants (DRI) is on the lower side of its upward-sloping diamond pattern and thus likely to make some modest gains leading up to earnings on June 20. Working as an upside catalyst is Darden's 1.6% earnings surprise prediction from Zacks. 1.6% isn't a huge ESP, but the market reacts well to any positive ESP number. You may want to sell off your position ahead of earnings, however, because Darden is near all-time highs and the market will heavily punish it if earnings disappoint.
As always, this is just an idea about how the market will move, not investment advice.
Looking for earnings surprise from Cheetah Mobile - 1-day tradeCheetah Mobile has beaten earnings estimates on 8 out of its last 10 earnings dates. That makes it a good candidate to win again. Generally, when Cheetah Mobile beats estimates, it rises for just a single day and then falls again the day after. I've made a $500 bet that we get an earnings surprise, and I will liquidate the position tomorrow morning either way.
As a general rule, companies whose stock price has declined in recent weeks get a bigger bump from an earnings surprise and a smaller drop from an earnings miss. In addition to having routinely beaten estimates, Cheetah Mobile has also seen a 30% drop in share price since March. That makes it a good candidate for an earnings play.
LULU EARNINGSSo we netted a 2000% return on Dave & Busters puts, let's take a look at another bigger name is a small earnings group of mostly no names.
LULU should be a good play. STRADDLE this with some options.
I'll give us an upside potential of $183.00 and if things get ugly a downside target of $133.00.
Let me know your thoughts in the comments below and have a great day.
Look to short FB @ $184 ahead of earningsIf Facebook reaches $184 prior to next week's earnings report, I will be opening a short position. While this wouldn't be a text book head and shoulders, it would fit much of that technical profile. Insiders have been selling off large numbers of shares recently. Would place stop near $190 mark as a break above would largely invalidate the idea. In the event that this trade breaks my way, I will do a partial cover at $155.
DISNEY: How good are you at 'prediction'? (8th May 2019)This chart of DISNEY is specially for people who like 'predictions' or trying to predict market moves. But everybody is invited to guess where price is going in the one-week period after 8th May 2019. Note what happens at or around earnings release dates. I've put vertical lines on the chart to make earnings events easier to see.
Okay - I'll stick my neck out and estimate that price is gonna go south. Ooops! Everybody knows my crystal ball is broken!
So for those who believe in 'prediction' just have a go at this one. LOL. Don't be shy! For those involved in fundamental analysis, there are reputable sites that will give projected fundamental data and EPS data etc.
Potential WMT Short, Earnings WendesdayHigh probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
$TTNP - swing idea / Earnings 11/8 - Momentum Play$TTNP - Earnings Play 11/8'
Currently consolidating and has filled gap. Looking to re-enter as I have bought last week and scaled out on momentum play 10%+; still has more upside.
Insider activity: 78%
finviz.com
Institutional Own: 2 new position
% Shares Owned: 4.06%
# of Holders: 39
Total Shares Held: 2,637,804
3 Mo. Net Change: 1,204,000
# New Positions: 2
www.reuters.com
Swing: buy within the orange line / Stop at RED Line
Daytrade: buy at break of HOD - Blue line (watch for volume / RSI 68) - 50dma .42
11/2: Bought today at open - SL is red line (will add within support).
REMEMBER:
1. trade with a plan
2. manage your risk/reward
3. honor your stop loss
Good luck!
SIRI - Fibretrace at 0.618SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters.
Earnings coming Oct. 26th
Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price.
Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target.
Placing low ball open order below this at $6.15.
Facebook - bounce off support ahead of earnings - gap fillBearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator.
Hit the like button if you agree.
CCJ - NYSE CCO - TSX Powering the grid Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance.
Point of interest:
* Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan.
* Japan shuts down all of the 32 Nuclear Reactors to assure public safety and clean-up causing global Uranium (Ur) prices to tumble to where it now is.
* Nuclear energy is still a paid for and quite reliable energy source with proper safety measures, which Japan now has and plans to restart.
* No. Amer. power also relies on nuclear power, which Pres. Trump will not import from other countries supporting demand.
* This is one of several plays, which is safe haven mid to large-cap mining stock and away from volatility (VIX) moneyballers like, as VIX up near 5% each of last 2 days.
Viewers come to own conclusions. Like, share, comment.
INTC about to miss earnings due to AMD Epyc server growthI previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the downside.
AMD just reported strong Q2 earnings after market close on 7/25/18, their best profits in seven years, on the strength of their new product portfolio. Most troubling for INTC is their growth of over 50% in their new Epyc server processors, which they attributed to growth in "Mega-data centers." This TAM is INTC's bread and butter and they have enjoyed essentially 100% control of that TAM which AMD is now starting to chip away at. I expect INTC's quatertly earnings report to show this when they report after-hours today, 7/26/18.
As far as trade entries go, I expect INTC to open sharply down today, more to do with the general tech dump following FB's disappointing earnings report. I do not think the loss of server market share will be priced in due to competition from AMD. So essentially, don't be afraid to chase this down a bit, but watch out for any recovery in FB, which will likely whip-saw up and down over the next few days, which could bring INTC back up from any drop at open. I will be playing this as a short-term earnings play and a medium term play as I think INTC is a good short with a soft backdrop in tech and the S&P500 emerging.
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As always, the responsibility for managing your position is your own. I am not a financial adviser nor is any content in this post intended to be financial advice. The information presented is my opinion, based on tools I have learned from others sharing their opinions and my experience in the markets. I share these ideas to generate discussion and have others critique my analysis because, as always, I am still learning. With that in mind, the outcome could be quite different than what I am predicting and this is for informational purposes only. It should not be considered financial or investment advice of any kind. Readers should consult with a financial or investment professional to determine what may be best for their individual needs.
NASDAQ Biotech ETF (IBB) - Bullish Breakout Options TradeOn Friday's Options Action, the crew analyzed the performance of the biotech sector. The NASDAQ Biotech ETF (IBB) that tracks the large cap names have underperformed the overall sector recently. IBB has recently formed both a long term cup & handle formation and an inverted head & shoulders, a bullish setup. Coupled the largest 5 names in this ETF reporting earnings this week, provides a potential catalyst for the ETF to break higher. Expecting IBB to breakout to the upside, Michael Khouw suggests buying a Sept 113/119/125 Call Spread Risk Reversal for a $0.70 Debit. As of Friday's close, this spread is trading at $0.65.
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this OptionsPlay on IBB - app.optionsplay.com
Cost: $65
Max Reward: $535
Max Risk: $11,365
POP: 43.18%
Breakeven: $119.65
Days to Expiry: 61
NFLX earnings report play With the much anticipated earnings of $NFLX quickly approaching within the next few days, we saw a drop in price at about 4.28% when market closed on Friday. With the earnings estimate being 0.79 EPS and a previous earnings target being met at 0.64, I think Netflix will see a continue rise in stock price in the long run given the earnings report next week goes well. With the booming popularity and increased amount of users, this has affected the value of the stock within the past year quite favourably. Despite many competitors entering the once dominated market, NFLX still reigns supreme. With a 52 week range of $157.61- $429.91, the stock dropping nearly 5% could be a good buying opportunity. I have been thinking about adding NFLX to my portfolio so I will be watching closely on market open on Monday to see when I can buy in. We see a consistent trend of people selling before earnings reports in a panic sell with various stocks although I don't think this downward trend will be necessary or long lived for the stock giant like NFLX.