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
___________________________________________________________
LAST QTR: EPS: N/A/share ESTIMATED: N/A/share (—-)
_____________________________________________________________
NEXT QTR: EPS: -.08/share REV: 232/M
______________________________________________________
FY19: EPS: -.13/share REV: 1,060/M
______________________________________________________
*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
(Bloomberg) — When it comes to social-media stocks, there’s Meta Platforms Inc., and then there’s everyone else.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyThe Facebook parent has been the best-performer
TE Connectivity’s (TEL) fiscal second-quarter results benefit from the strong margin expansion.
MSCI’s first-quarter 2024 results benefit from strong growth in recurring subscription revenues.
Cadence’s (CDNS) first-quarter performance is affected by weakness in the Product & Maintenance segment.
Best Buy’s (BBY) strategic initiatives and operational efficiency enable it to excel in a tough market, setting the stage for sustained growth and enhanced competitiveness in the retail sector.
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.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
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.
___________________
TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A (due to whipsaw)
TAKE PROFIT: 10%
___________________
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:
[/mepr-show
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
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.