JUMP REPORT
| Avg Daily Volume: 11,259,136 Market Cap: 597.98M Sector: Services Short Interest: 85.82 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .20/share REV: 3,070/M
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LAST QTR: EPS: .02/share ACTUAL: -.38/share (MISS)
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NEXT QTR: EPS: -.64/share REV: 2,020/M
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FULL YR: EPS: .28/share REV: 11,800/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: 45% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -20.66, 6.48, -9.48
EXPECTED JUMP MOVE: 10-15%
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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
Yahoo Finance’s Akiko Fujita and Brian Cheung report news that Melvin Capital, the hedge fund that shorted GameStop in 2021, is winding down its funds.
Rising expenses and inflation are hurting retail companies. As a result, analysts are lowering their price targets for their stocks.
“Everyone thinks spinoffs are an easy way to make money, and they’re not,” says one observer.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Shares of Bed Bath & Beyond (NASDAQ: BBBY) tanked 20.1% this week compared to where they ended last week, according to data from S&P Global Market Intelligence. Loop Capital analyst Anthony Chukumba said investors ought to “begin to seriously consider ‘endgame’ scenarios” and reiterated his sell rating on the stock and $5 price target. Chukumba believes with worsening macroeconomic headwinds, a deteriorating financial position, and it being “highly unlikely” activist investor Ryan Cohen will prove to be the chain’s “savior,” the only out for Bed Bath & Beyond will be to sell the buybuy Baby chain and file for Chapter 11 bankruptcy protection.
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