JUMP REPORT
HR BLOCK (HRB)
EARNINGS RELEASE - JUNE 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.61/share REV: 1,740/M
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LAST QTR: EPS: -.55/share ACTUAL: -.59/share (MISS)
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NEXT QTR: EPS: .92/share REV: 644.46/M
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FULL YR: EPS: .38/Share REV: 2,560/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: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -15.49, -2.56, -11.19
EXPECTED JUMP MOVE: 10-12%
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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
In this article, we will look at 15 states with no or low income tax rates. If you want to skip our detailed analysis, head straight to 5 States with No or Low Income Tax Rates. Taxation in America: An Outlook The US government generates revenue from various taxes and individual income taxes are a […]
Some H&R Block customers who waited until the last minute to file their taxes faced frustrating outages that began Sunday night, according to the company and Downdetector. The outage was resolved by Monday afternoon, the company’s support account on X said.
H&R Block said it experienced technology outages on Monday, temporarily preventing thousands of last-minute tax filers from sending in their returns. An H&R Block spokeswoman said the company fixed the problem by around 4 p.m. Monday. The filing deadline for tax returns in all but two U.S. states is 11:59 p.m. on Monday. Millions of Americans rely on online tax preparation services to help them fill out the appropriate forms and send them to the Internal Revenue Service.
As of the end of March, 48% of Americans had not yet filed their taxes, according to a Trust Pilot survey. H&R Block Chief Tax Officer Kathy Pickering joins Wealth! to help last-minute filers ensure they avoid IRS penalties and submit on time. Pickering’s message to filers: if you haven’t started yet, start now. As the deadline approaches, many filers may be considering an extension, but Pickering says Americans often confuse what an extension can offer them: “An extension to file your tax return is not an extension to pay your taxes due,” she emphasizes. Because the IRS processes tax returns on a “first in, first out” basis, Americans expecting a refund should file soon, Pickering says. If not, she adds, filers should expect delays to their refund. If filers are still struggling to get their documents in order, Pickering recommends paying at least 90% of what they paid in taxes last year to avoid late payment fees from the IRS. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy
Dividend stocks are finally cycling back into portfolios after a few years’ worth of higher interest rates put fixed-income options ahead of dividend distribution yield for income investors. As those investors circle back toward dividend stocks, a few things have changed about how to best look at the many available offerings – but that’s true for most stock segments today. For example, today’s growth-minded investors demand stronger financial and fundamental credentials compared to the ZIRP era,
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Trading an earnings catalyst events can be very rewarding (5-20% returns in a matter of minutes or hours) but it is also very risky. Timing plays a key role in whether a trade is profitable or not. Here is our general guideline for how we trade these events in-house.
ENTRY: The system we use to trade these volatile events is to enter at or near market close based on the Trajectory Analysis. For equities trades it’s a simple BUY or SELL order based on a pre-set trade allocation amount about 5 minutes before market close.
Then after the earnings release occurs we review the data carefully. Was it a beat or a miss on expectations? What does the forward guidance look like? Are there other important metrics being reported? (such as subscribers, or same-store sales etc). Often the stock price can swing wildly if the release metrics are mixed or there is no clear cut bull or bear bias.
EXIT: In the majority of cases where the direction call was correct (short or long) the best time to take profit is the following day about an hour after market open. If the direction call was wrong, or the release data is mixed, we find it best to get out of the trade quickly in the aftermarket, at a profit if possible. Exiting a trade becomes more art than science, based on experience trading that stock, general market conditions and the momentum of the market’s reaction to the release news.
Avg Daily Volume: 3,191,919 Market Cap: 2.3B
Sector: Services Short Interest: 20.57
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
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