Jump Report
| Avg Daily Volume: 14,375,360 Market Cap: 15.8B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: -.11/share REV: 200/M
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LAST QTR: EPS: N/A/share ESTIMATED: N/A/share (—-)
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NEXT QTR: EPS: -.08/share REV: 232/M
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FY19: EPS: -.13/share REV: 1,060/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: N/A % OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) — —- —-
POTENTIAL JUMP MOVE: 13-15%
Links To Latest News and Headlines
Pinterest (NYSE:PINS) experienced a notable 27.98% increase in its share price over the past month, a movement likely buoyed by the company’s strong financial performance recently announced. During this period, Pinterest reported significant improvements in earnings, with sales rising to $855 million and net income reaching $9 million, a shift from the previous year’s losses. Additionally, the company reaffirmed robust revenue guidance and continued its share repurchase program, enhancing…
What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of May 12-16. Find all top-rated stocks by the best-rated analysts on TipRanks. Top 5 Buy Calls: 1. Wolfe upgrades Pinterest to Outperform on “reasonable” valuation Wolfe Research upgraded Pinterest (PINS) to Outperform from Peer Perform with a $40 price target. The firm says Q1 earnings and Q2 guidance gave Wolfe, which in mid-March had not
Wealth host Brad Smith tracks today’s top trending tickers. NetEase (NTES) stock rises after the China-based game company posted better-than-expected first quarter results. JetBlue (JBLU) slips after Raymond James downgraded the stock to Market Perform from Outperform, citing limited upside. Pinterest (PINS) was upgraded to Outperform at Wolfe Research, citing potential from new ad tools and an attractive valuation. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
Investing.com — Wolfe Research raised its rating for Pinterest (NYSE:PINS) to Outperform from Peer Perform on Thursday, keeping a $40 per share price target on the stock.
Pinterest recently turned in a strong quarter and issued solid guidance. The results are another indication of the big transformation the company has undergone in the past few years. Share prices of Pinterest (NYSE: PINS) soared after the social media company reported strong results on May 8.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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ANALYSIS:
Stockjumpers trajectory analysis reveals a negative market reaction to the target’s release news. This is their FIRST reporting quarter since their IPO. They have been one of the better performers of the new crop of tech IPOs in 2019. In its first day on the street the stock opened 25% higher than its $19/share IPO price up to $35/share. It is just under $30/share today. We see them see-sawing on the release news and investors will be looking for clues in the guidance for next quarter.
We are SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A (due to whipsaw)
TAKE PROFIT: 10%
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UPDATE: (2:05PM) The stock price is up almost 6% – as investors are expecting a positive release. Our data shows a drop and the newest models seem to confirm that. We are still biased short.
POST RELEASE ACTION:
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.