TESLA (TSLA)
EARNINGS RELEASE - SEPTEMBER 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .26/share REV: 524.8/M
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NEXT QTR: EPS: .49/share REV: 568.5/M
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FULL YR: EPS: 1.79/share REV: 2,250/M
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LAST QTR: EPS: -.10/share ACTUAL: .11/share (BEAT)
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BEAT/MISS RECORD: 80% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -10.3, 23.68, 18.29
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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*** With market volatility at extremes 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 stock market erased gains Tuesday with a Fed rate cut and Jerome Powell due. Tesla backed off from just below a buy point.
Several growth companies have been under pressure due to the impact of macro headwinds, including steep borrowing costs and high inflation. The Federal Reserve’s upcoming interest rate cut is expected to drive growth stocks higher, as these stocks tend to perform well in a low-interest rate environment. With this backdrop in mind, we used TipRanks’ Stock Comparison Tool to place Tesla (TSLA), Advanced Micro Devices (AMD), and Palantir (PLTR) against each other to pick the best growth stock, acco
California Governor Gavin Newsom signed three election-related deepfake bills on Tuesday.
The latest trading day saw Tesla (TSLA) settling at $227.87, representing a +0.48% change from its previous close.
Uber stock is seen as a potential beneficiary of autonomous vehicles, so long as it can build off recent Waymo deal.
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
ANALYSIS:
Price is up 7% from open with investors feeling this will be a positive release. We will be posting analysis at 1pm EST today on this trade.
We are biased long on this event, though concerned the move may be priced in.
UPDATE: We remain long and will enter prior to close.
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OUR TRADE PLAN:
ENTRY: BUY
STOP LOSS: N/A
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
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.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 679,937 Market Cap: 1.42B
Sector: Consumer Goods Short Interest: 4.38
Ticker delayed 20 minutes
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