Jump Report
| Avg Daily Volume: 12,694,614 Market Cap: 29.17B Sector: Technology Short Interest: 1.11 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .51 REV: 13,970/M
___________________________________________________________
LAST QTR: EPS: .51/share ACTUAL: .52/share (BEAT)
____________________________________________________________
NEXT QTR: EPS: .55/share REV: 14,700/M
______________________________________________________
FY19: EPS: 2.15/share REV: 58,860/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) -18.9, -1.92, -3.85
POTENTIAL JUMP MOVE: 6-10%
Links To Latest News and Headlines
PALO ALTO, Calif., Oct. 13, 2021 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) will host its 2021 Securities Analyst Meeting on Oct. 20. Join the live webcast to hear President and CEO Enrique Lores, Chief Financial Officer Marie Myers and other members of the executive team discuss HP’s strategy and financial outlook. The webcast will begin Wednesday, Oct. 20, at 3:00 p.m. ET / 12 noon PT. The webcast will be available at www.hp.com/investor/SAM2021. A replay of the audio webcast will be available at
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […]
Tesla Inc has agreed to lease office space from HP Inc near the electric carmaker’s current headquarters in Palo Alto, California, a person familiar with the matter told Reuters. Tesla’s expansion in Palo Alto came even after CEO Elon Musk announced last week that the company was moving its headquarters from Palo Alto, California to Austin, Texas.
Words by Kate Zerrenner
HPQ, CAL, GGAL, and AN made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 8, 2021.
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.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
ANALYSIS:
StockJumpers trajectory analysis reveals a negative market reaction to the earnings release. We were expecting to see a pop on the news on a beat, but like last quarter the stock fell in a big way even on a beat. They tend to be in-line on the metrics from their guidance and investors are more concerned about what they forecast going forward and any headwinds.
NOTE: The broad market is down 350 points
We are SHORT for this event, but think any down move will bounce back.
___________________
TRADE PLAN:
ENTRY: SELL (revised to HOLD)
STOP LOSS: 5%
TAKE PROFIT: 7%
___________________
UPDATE: (2:42PM) Our recent models show a bounce up post release and any initial drop may be short lived. The safest play is to stay on the sidelines until the release, and go long on any dip.
POST RELEASE ACTION: we are long on HPQ
[/mepr-sh
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
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.