Jump Report
| Avg Daily Volume: 12,942,127 Market Cap: 111.36B Sector: Technology Short Interest: 2.4 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .79/share REV: 2,200/M
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LAST QTR: EPS: .80/share ESTIMATED: .75/share (BEAT)
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NEXT QTR: EPS: 1.11/share REV: 2,540/M
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FY19: EPS: 5.30/share REV: 11,120/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 55% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 6.04, -20.14, -5.32
POTENTIAL JUMP MOVE: 9-11%
Links To Latest News and Headlines
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta’s sell-off.
Meta’s plan to boost AI spending lifted shares of hardware companies, including Nvidia, Arista, Dell and Super Micro.
Big spending on the part of tech giants equals big-time revenue for these three companies.
Intel reported its Q1 earnings on Thursday, beating analysts’ estimates. But a disappointing outlook sent shares sliding.
Intel forecast second-quarter revenue and profit below market estimates on Thursday, as it faces weak demand for its traditional data center and personal computer chips amid efforts to build its contract manufacturing business. Enterprises have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel’s central processing units (CPUs), which have been the mainstay chip powering data centers for decades. According to analysts, a surging demand for graphics processing units (GPUs) useful for AI applications has reduced the appetite for CPUs, which are Intel’s main product.
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.
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ANALYSIS:
Stockjumpers trajectory analysis reveals a positive market reaction to the target’s release news. We see a pop in price post release based on a beat and higher than expected guidance. This stock has soared over the years but the last few quarters the price has dropped and was certainly overbought. We think this quarter will look different – though perhaps not a huge move.
We are LONG on this event
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TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
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UPDATE: (2:40PM) We remain biased long on this event.
POST RELEASE ACTION:
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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.