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
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LAST QTR: EPS: 1.13/share ACTUAL: 1.20/share (BEAT)
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NEXT QTR: EPS: 1.14/share REV: 3,970/M
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FY19: EPS: 4.52/share REV: 15,900/M
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*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
Ross Stores (ROST) closed the most recent trading day at $82.93, moving -1.79% from the previous trading session.
Let’s go over Ross Stores’ fundamentals and valuation to see if it is currently on the sale rack for dividend growth investors. Operating 1,669 Ross Dress for Less stores in 40 U.S. states, Washington D.C., and Guam as of the second quarter, Ross Stores is the largest off-price apparel and home fashion chain in the U.S. The company also operated 311 dd’s DISCOUNTS in 21 U.S. states with in-season and name brand apparel. Ross Stores produced $4.6 billion in sales during the second quarter, which was down 4.6% year over year.
Usually, the winter season brings levity to people as the holidays approach, but the chilly economic nature this year brings up the uncomfortable topic of retail stocks to sell. Fundamentally, Federal Reserve Chair Jerome Powell indicated that his top priority is controlling inflation. What’s more, Powell made good on his statements, with the central bank raising the benchmark interest rate. Moving forward, it’s not so much about the rate hike itself (up 0.75%) that matters. Instead, it’s all ab
Ross Stores saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 74 to 81. When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
If you buy and hold a stock for many years, you’d hope to be making a profit. Furthermore, you’d generally like to see…
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 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.
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TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
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UPDATE: (3:03PM) We remain biased long on the event.
POST RELEASE ACTION: we are setting a close at break-even
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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.