Jump Report
| Avg Daily Volume: 14,375,360 Market Cap: 15.8B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: -.11/share REV: 200/M
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LAST QTR: EPS: N/A/share ESTIMATED: N/A/share (—-)
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NEXT QTR: EPS: -.08/share REV: 232/M
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FY19: EPS: -.13/share REV: 1,060/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: N/A % OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) — —- —-
POTENTIAL JUMP MOVE: 13-15%
Links To Latest News and Headlines
Two of the companies best-positioned to succeed through this strategy are Roku (NASDAQ: ROKU) and Pinterest (NYSE: PINS). Consumers know Roku best for its players and televisions that bring all streaming channels onto one platform. Roku initially drove its stock much higher through such a strategy, but reopenings and an ad slowdown have taken the air out of Roku’s balloon, sending the stock down by more than 90% from its all-time high.
Pinterest, Inc. ( NYSE:PINS ) saw a significant share price rise of over 20% in the past couple of months on the NYSE…
Let’s not try to jinx things by calling attention to this, but Cathie Wood’s on a roll this year. The largest of the exchange-traded funds she runs at Ark Investment Management is up nearly 23% this month. Wood added to her existing stakes in Pinterest (NYSE: PINS), CareDx (NASDAQ: CDNA), and Teladoc Health (NYSE: TDOC) yesterday.
It’s been an interesting few years for Pinterest (NYSE: PINS). As a result, Pinterest’s stock price has tumbled by 70% from the highs. For one thing, the decline in the user base we saw as COVID-19 restrictions relaxed appears to have been temporary, as the company reported user growth in the third quarter of 2022.
SAN FRANCISCO, January 23, 2023–Pinterest, Inc. (NYSE: PINS) will release financial results for the fourth quarter and fiscal year 2022 on Monday, February 6th, 2023 after market close. The company will host a Q&A conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day.
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 negative market reaction to the target’s release news. This is their FIRST reporting quarter since their IPO. They have been one of the better performers of the new crop of tech IPOs in 2019. In its first day on the street the stock opened 25% higher than its $19/share IPO price up to $35/share. It is just under $30/share today. We see them see-sawing on the release news and investors will be looking for clues in the guidance for next quarter.
We are SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A (due to whipsaw)
TAKE PROFIT: 10%
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UPDATE: (2:05PM) The stock price is up almost 6% – as investors are expecting a positive release. Our data shows a drop and the newest models seem to confirm that. We are still biased short.
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.