5 Winners – 1 loser. Earnings Season went rolling along with MSFT and GPRO this week, we had some nice trades and a few duds. Overall our Jump Zone profits exceeded 15% and it was a good trading week. What tripped us up at the end of the week was TRIP, but the P (Pandora) trade more than made up for it. Here is how the week unfolded…
Jump 2 [IRBT] iRobot Corporation 3.5% Hit
A good release, but whimpy pop – though we eeeked out a 3+%
What we reported
What really happened
Jump 3 [MSFT] Microsoft Corporation 4% Hit
A 3.5 billion dollar write down was Microsotfts worse in its history. We we comfortable with our short call – however we expected it to go much deeper. Still 4% is 4%, and we certainly pocketed it on this one.
What we reported
What really happened
Jump 4 [GPRO] GoPro 8% Hit
This one hit our Take Profit within 20 minutes and then see-sawed its back up as anticipated. There were certainly 2 big trades to be had with this jump though we only grabbed the initial down move.
What we reported
What really happened
Jump 5 [QCOM] QUALCOMM Incorporated 5% Hit
It was a slow-pokey down move and though the release tried to paint a rosy picture.. after investors digested the news, it was a steady sell-down.
What we reported
What really happened
Jump 6 [TXN] Texas Instruments Inc Hit 3.5%
This was a bit of a surprise Wall Street consensus wise. The Street didn’t think they would do as a well as they did and report a beat. We did however even though the pop was not substantial – we will pocket 3.5% all day long.
What we reported
What really happened
Jump 7 [TRIP] TripAdvisor Inc. 13.5% Miss
Big miss. We had mixed data on this one and probably should have gone on the record as a Hold. Market sentiment punished us for sure.
What we reported
What really happened
Jump 8 [P] Pandora Media Inc 15.5% Hit
We reported to go long but with an initial down move to watch out for. The earnings were better than expected (a beat) as we suggested and the stock took off with a see-saw action but a solid gain as investors digested the news.
What we reported
What really happened