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
Shares of Pinterest (NYSE: PINS), Coupang (NYSE: CPNG), and Coinbase Global (NASDAQ: COIN) fell last month. One of last month’s biggest losers was Pinterest, shedding more than a quarter of its value in July. The biggest hit came on the final trading day of the month, as Pinterest’s stock plummeted 18% after it posted disappointing financial results.
Social media usage has jumped over the last year, as more people stayed at home due to the pandemic. An eMarketer report estimates adults will spend 1 hour and 35 minutes each day on social media this year. In spite of that, the report expects that growth in users of Pinterest will fall from 7.8% last year to 3.1% this year. Similarly, growth in Snapchat users will fall from 4% to 2.6% this year. Using the TipRanks Stock Comparison tool, let us compare two social media companies, Pinterest and S
Pinterest (NYSE: PINS) got slammed Friday as the social media company posted a surprise decline in U.S. monthly active users. On a sequential basis, they were down from 98 million at the end of the first quarter. The company also warned that the decline had continued into July, saying that as of July 27, U.S. MAUs had fallen 7% and global MAUs were up just 5%, compared to 9% growth in 2021’s second quarter.
Domestically, the number of monthly active users of the platform fell, but that doesn’t actually reflect a long-term problem.
Growth stocks are supposed to…grow. It’s right there in the name. The problem is that growth can come in fits and starts. And sometimes, it comes with downturns in share prices. Those downturns can provide opportunities for investors who have a long-term perspective.
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.