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
Pinterest (NYSE: PINS) shares popped Wednesday on news that the company is in talks with fintech giant PayPal (NASDAQ: PYPL) to be acquired for $70 a share. PayPal’s purported offer price, according to the story first reported in Bloomberg, represented a 26% premium to where it closed on Tuesday. This isn’t the first time Pinterest has been pursued by a tech giant.
(Bloomberg) — Snap Inc. posted its biggest one-day drop on record after the Snapchat parent company warned that Apple Inc.’s data collection rules and global supply-chain bottlenecks are weighing on advertising spending.Most Read from BloombergWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeCities’ Answer to Sprawl? Go Wild.One of California’s Wealthiest Counties Could Run Out of Water Next SummerForget Palm Sp
SAN FRANCISCO, October 22, 2021–Pinterest, Inc. (NYSE: PINS) will release financial results and a letter to shareholders for the third quarter 2021 on Thursday, November 4, 2021 after market close. The company will host a Q&A conference call to discuss these results at 3:00 p.m. PT (6:00 p.m. ET) on the same day.
PayPal Holdings has reportedly offered to purchase digital pinboard site Pinterest for $45 billion.
The Dow and S&P 500 hit new highs this week, with Tesla and Netflix among the earnings winners. Snap and Intel dived on results.
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.