This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole. For details on how we trade these events and to get trained as a StockJumpers pro trader – watch the video below.
TARGET: Sanmina Corporation (SANM)
Earnings Release Date: 1/29/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Sanmina Corporation (SANM) will be posting its FQ1-18 quarterly earnings results today at close. [SANM] is expected to post earnings of $.70 according to some Wall Street analysts (though most are not offering estimates). Estimize has it at $.53 per share and revenue of $1774 million for the quarter. In the last quarter, the company reported $.64 earnings per share BELOW the analysts’ consensus estimate of $.76
Last 3 Quarters – “Jump Zone” Move: -16.44%, -14.6%, -6.65%
Consensus Estimates: ($.48 whisper) ($.53 estimize) ($ ($ N/A) wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.
OUR TRADE PLAN: SELL
ANALYSIS: StockJumpers trajectory analysis reveals more bad news even though we were looking for a reason to buy. This stock looks like it is oversold from last weeks HUGE 21% drop from bad news which they likely wanted to get out in front of. Last quarter they missed big, and though expectations for today’s release are all over the map – our data suggests market sentiment will be negative. We normally love these events because we are contrarian traders, and usually what consensus suggests its wrong especially if our data supports it. In this case though our data suggests more negative reaction and we will trade short, though we will do so with caution.
We are SHORT for today’s event. Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 10%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE