JUMP REPORT
| Avg Daily Volume: 8,490,778 Market Cap: 123.88B Sector: Services Short Interest: 3.61 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.04/share REV: 5,250/M
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LAST QTR: EPS: .56/share ACTUAL: .60/share (BEAT)
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NEXT QTR: EPS: .81/share REV: 5,560/M
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FULL YR: EPS: 3.23/share REV: 20,200/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: 69% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.62, 2.58, -4.6
EXPECTED JUMP MOVE: 8%
Links To Latest News and Headlines
Paramount Global (PARA) partners with Toronto-based Corus Entertainment to launch its ad-supported streaming service, Pluto TV in Canada.
Tech giant Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) experienced a depressed stock price over the past several weeks on the back of a disappointing third-quarter earnings report. Worse, its YouTube division experienced its first year-over-year advertising revenue decline — 2% — since Alphabet first broke out the segment in 2019. Here’s why it makes sense to take advantage of Alphabet’s depressed stock price to scoop up shares.
The streaming pioneer is starting to show signs of the alarming customer retention trouble its rivals have already run into.
Streaming video king Netflix got crushed during the early part of the Covid pandemic. Rivals such as Amazon’s Amazon Prime and Disney-owned Hulu beefed up content. It’s no surprise that the Relative Strength (RS) Rating for Netflix stock shot up from 80 on Wednesday to 88 Thursday.
Yahoo Finance media reporter Allie Canal outlines Netflix’s proposal for subscribers to screen test content, while also talking about the streaming platform’s new docuseries on Prince Harry and Meghan Markle.
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ANALYSIS:
StockJumpers trajectory analysis reveals an initial pop up on the news, but then a sell off and the price moves down. The market reaction may be mixed and the metric being watched is new subscribers (domestic and international). Most analysts are bullish… and there is good news but overall we think it will fall by morning.
We are biased SHORT on the event.
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OUR TRADE PLAN:
ENTRY: SELL end of day
STOP LOSS: NA
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST: NO
POST RELEASE ACTION:
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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 striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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