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 CEO put out a call for “streetfighter” lawyers after he got accused of sexual misconduct (which he denies).
From sexual harassment accusations to some erratic behavior around his intent to purchase Twitter , some longtime fans of Tesla boss Elon Musk are wondering if he’s as clever as he’s previously seemed. Musk has built a massive social media following on his dedication to innovation, free speech, and voicing his opinions as loudly and consistently as possible, and has gained a legion of fanboys because of it. One of them actually got Musk’s attention after posting a video of himself on social media, likely because the man appears at first glance to be the spitting image of Musk himself.
The first half of 2022 has been rocky. But Goldman likes this group to bounce back.
Shares of social media company Twitter (NYSE: TWTR) pulled back this week, despite a pending offer from Tesla (NASDAQ: TSLA) CEO Elon Musk to buy the company. The stock’s decline is likely due to a combination of bearishness in the overall market and comments from Musk on Twitter suggesting he may have some doubts about the deal. Capturing how the overall market is taking a beating recently, the S&P 500 fell a total of 3% during the week and the tech-heavy Nasdaq Composite declined 3.8%.
Another week of big losses as Wall Street adjusts to a “hard” reality. Tesla broke decisively, but it wasn’t alone.
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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by Team Stockjumpers