JUMP REPORT
Avg Daily Volume: 1,224,328 Market Cap: 2.77B
Sector: Consumer Goods Short Interest: 4.05
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.81/share REV: 2,500/M
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LAST QTR: EPS: 2.99/share ACTUAL: 3.1/share (BEAT)
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NEXT QTR: EPS: 1.32/share REV: 2,120/M
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FULL YR: EPS: 9.46/share REV: 9,800/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 73% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 2.4, 10.88, -15.04
EXPECTED JUMP MOVE: 8-10
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The athletic giant shared a slew of senior leadership changes while Liz Hershfield joins Cotton Council International as executive director.
News of progress in U.S.-China trade talks helped the stocks of apparel and consumer goods companies that source from China. Shares of apparel and consumer goods companies with significant exposure to China, such as PVH Corp. (NYSE: PVH), Revolve Group (NYSE: RVLV), and Mattel (NASDAQ: MAT), rallied hard this week, increasing 14.1%, 15.5%, and 16.5%, respectively, as of 12:30 p.m. ET Thursday, according to data from S&P Global Market Intelligence. The U.S. and China held talks last weekend and on Monday announced that they would be removing retaliatory tariffs announced last month for 90 days while trade talks continue.
PVH (PVH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Yahoo Finance host Julie Hyman tracks today’s top moving stocks and biggest market stories in this Market Minute, including Kraft Heinz’s (KHC) $3 billion plan to upgrade US factories, EV maker Rivian’s (RIVN) downgrade by Jefferies analysts, and PVH’s (PVH) upgrade to Buy from Jefferies on its sales growth potential. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.
Most consumer discretionary businesses succeed or fail based on the broader economy. Over the past six months, it seems like demand trends are working against their favor as the industry has tumbled by 5.8%. This drawdown was worse than the S&P 500’s 1% decline.
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