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
These tech companies suffered from broader market weakness, earnings reports from peers, and uncertainty around China-based stocks.
Intel CEO Pat Gelsinger joins Yahoo Finance Live to talk about his view on making acquisitions.
Trading volumes indicate that traders have been buying calls and selling puts in anticipation of a positive earnings announcement.
Myles Udland, Brian Sozzi, and Julie Hyman discuss Intel’s plans to expand its new foundry business as it ramps up production of Qualcomm chips in order to compete with other chipmakers.
NVIDIA (NASDAQ:NVDA) has had a great run on the share market with its stock up by a significant 25% over the last three…
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.