Jump Report
| Avg Daily Volume: 2,147,126 Market Cap: 35.72B Sector: Services Short Interest: 1.63 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.12 REV: 3,790/M
___________________________________________________________
LAST QTR: EPS: 1.13/share ACTUAL: 1.20/share (BEAT)
_____________________________________________________________
NEXT QTR: EPS: 1.14/share REV: 3,970/M
______________________________________________________
FY19: EPS: 4.52/share REV: 15,900/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 2.47, -10.03, -3.9
POTENTIAL JUMP MOVE: 8-10%
Links To Latest News and Headlines
DG vs. ROST: Which Stock Is the Better Value Option?
Ross Stores (ROST) opens 30 stores across 11 states in the United States in order to increase penetration in the existing as well as new markets.
All three major indices closed in the red on Monday as the markets saw a large sell-off with all the mega cap stocks leading the market decline. Loreen Gilbert, WealthWise Financial CEO, and Kevin Simpson, Capital Wealth Planning Founder & Chief Investment Officer, join Yahoo Finance’s Jared Blikre and Seana Smith discuss the latest.
Ross Stores Inc. said Monday that it opened 30 stores in 11 states in June and July, 22 Ross locations and eight dd’s Discount stores. The retailer’s goal is to launch 60 locations in fiscal 2021, 40 Ross stores and 20 dd’s Discounts. The company currently has 1,896 locations in 40 states, Washington D.C., and Guam. Ross stock is down 2.7% for the year to date while the S&P 500 index has gained 15.2% for the period.
Ross Stores recently opened 22 Ross Dress for Less® (“Ross”) and eight dd’s DISCOUNTS® stores across 11 different states in June and July. These new locations are part of the Company’s plans to add approximately 60 new stores – 40 Ross and 20 dd’s DISCOUNTS – during fiscal 2021.
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 positive market reaction to the earnings release. We think they will beat, and show a favorable guidance for next quarter. The options have this priced in at an 8% move
We are LONG for the event.
___________________
TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
___________________
UPDATE: (3:03PM) We remain biased long on the event.
POST RELEASE ACTION: we are setting a close at break-even
[/mepr-sh
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.