XLF Pre Bank's earnings This week is all about the finance sector with the Major bank's earnings. 🤓
Tuesday 14.1- JPM, C, WF ⏳
Wednesday 15.1- BAC, GS, PNC 💸
Thursday 16.01- MS, SCHW 🙃
Earningsplay
AWK Earnings Play Long 5th Wave Swing Trading OpportunityAWK reported earnings after the markets 30 Oct and had beat on EPS, which could be the catalyst for a Bullish move 31 October as conference call is due before the US markets open. We have used our Elliott Wave Indicator Suite for the TradingView platform to carry out this analysis.
Earnings plays are notoriously difficult swing trading opportunities so we like the back up of technical analysis before entering a trade. Using our Elliott Wave Indicator Suite we can see the wave 4 has pulled back into our green probability pull zone, which represents an 85% probability of our automated 5th wave target zone (blue zone on chart) being hit. Our criteria for our Elliott Wave Oscillator and special False Breakout Stochastic indicators have also been met.
So if we get an expected Bullish reaction to earnings today we will look for a conservative entry above the recent pivot at $126.02 with the Stop loss at $118.57, just below the wave 4 pivot. This gives a 1:1 Risk to Reward to our 5th Wave Target zone with an initial target price of $134.
Learn more bout our Elliott Wave Indicator Suite for TradingView >>HERE<<
Earnings Play for TERP - Potential Long 5th WaveTERP has earnings before the markets open, Friday 1st November. This is an earnings play combined with a potential elliott wave setup. We are using our Elliott Wave Indicator suite for TradingView to setup this potential Long Swing Trading opportunity.
The wave 4 has found support in our probability pullback zones. The rules for our False breakout Stochastic and Elliott Wave Oscillator have also been met. The risk to reward is great into our automated 5th wave target zone, in blue on the chart, with entry for this potential long 5th wave move at 17.24. The stop is just below the wave 4 pivot.
This is an earnings play and we dont want to enter this before Friday 1st November. So we are waiting for a positive earnings reaction pre market on Friday and entry long through 17.24.
Learn more about our Elliott Wave Indicator Suite for Trading View >>HERE<<
ARC Document Solutions - risky trend reversal playThe printing business isn't exactly a booming industry, and ARC Document Solutions has fallen nearly 50% since its 2018 peak, and even more than that since 2017.
However, ARC is a surprisingly strong company in this space. For the full year 2018, it increased its revenue, sales, earnings, and cash flow over its 2017 numbers. The company's full year guidance for 2019 is on track with its 2018 performance, in the range of $0.17-.22 per share. In Q1 2019 sales declined year-over-year, but earnings and cash flow increased due to an effective cost reduction strategy. In that quarter, ARC reiterated its full-year guidance.
So overall, it's safe to say that the stock price has moved exactly the wrong direction, given the strength of the company and of its numbers. Apparently investors are betting against ARC because they just don't the printing sector has much future, not because of any inherent problems with the company.
But here's thing: ARC is much more than just a printing company! For instance, for several years it's been a top provider of compliance solutions for the healthcare industry, and this month it announced that it's extending that business with a new digital platform. ARC is a big business-to-business seller of marketing materials, and has expanded its large-format printing capabilities at several locations since its last earnings report. It uses cloud-based technology to manage collaboration across its work force. According to a recent employee review on Glassdoor, ARC has also expanded into "Drone Services," "3D Printing," and "smartscreens" for use by architects and engineers. In short, ARC is keeping up with the digital revolution by transforming itself into a business-to-business technology and digital records management company!
ARC's next earnings are coming up August 6. It goes into earnings with such strong analyst ratings: a 10/10 Equity Summary Score from Thompson Reuters StarMine. From a technical perspective, ARC has been forming some nice bullish divergences and recently broke a 2-week downward trend line. It has some support from 2018 lows in the 1.66-1.85 range. Volume Friday was on the buy side.
BIDU CALLS for 07-30-19 earningsBIDU CALLS for 07-30-19 earnings
Bought calls:
$114 strike, 08-02-19 Expiration, cost 1.13
$117 strike, 08-02-19 Expiration, cost 0.36
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.
$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.
LONG BBBY Earnings!Looking at this chart reminds me of the many crypto shitcoins that have died this year. I’m Buying a SMALL amount of these calls for earnings.. check out the double bottom and the potential gap up! needless to say playing earnings always risky - don’t gamble everything!
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!
Risky but worth the shot. Small long position on $SNAPRisky but worth the shot. Small long position on $SNAP ahead of earnings.
Possible double Adam & Eve Bottom.
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.
