SKECHERS (SKX)

EARNINGS RELEASE TUESDAY - OCTOBER 22 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 2,023,785    Market Cap: 5.83B
Sector: Consumer Goods    Short Interest: 9.17

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:      .70/share     REV:  1,340/M
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     LAST QTR:  EPS:       .34/share     ACTUAL:   .49/share  (BEAT)
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     NEXT QTR:  EPS:     .39/share     REV: 1,220/M
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     FULL YR:     EPS:      2.27/share    REV: 5,100/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  63%  OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 16.24, -15.98, 18.95

EXPECTED JUMP MOVE:  10-15%

Links To Latest News and Headlines

19 Oct, 2020 @ 17:29 by Yahoo! Finance

Skechers' international business remains a considerable sales growth driver for the company with Europe and China being the significant markets outside the United States.

30 Jul, 2020 @ 13:52 by Yahoo! Finance

Mid-cap stocks — generally defined as a company valued at a market cap of $2 billion to $10 billion — can be found among a diverse field of businesses and industries. Three mid-cap companies that I think are poised to rally in grand fashion are SVB Financial Group (NASDAQ: SIVB), Skechers (NYSE: SKX), and Appian (NASDAQ: APPN). While it has taken its lumps as well, SVB Financial Group — better known as Silicon Valley Bank (SVB) — is down only 10% so far in 2020.

28 Jul, 2020 @ 16:00 by Yahoo! Finance

Matt DiLallo (Equity Residential): Shares of leading apartment REIT Equity Residential have lost about a third of their value this year. Two industrywide concerns have weighed on the company’s stock. While these issues have impacted many apartment owners, they haven’t had much effect on Equity Residential.

Skechers (NYSE: SKX) was no exception, and the stock’s more than 20% drop 2020 to date headed into its report was indicative of that. On the contrary, Skechers reported steep declines in sales as virtually all of its global stores and third-party partners were closed at some point during the period from April to June.

24 Jul, 2020 @ 15:21 by Yahoo! Finance

Skechers USA shares wavered on Friday, after the footwear company reported a narrower-than-expected net loss.

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ANALYSIS:   

StockJumpers trajectory analysis reveals a positive market reaction after some significant up and down movement while the bulls and bears figure out what direction to take. The release may have mixed news and this is the reason for the whipsaw and it reduces our confidence on any sustained pop post release.

We are biased LONG, but uncertain about the potential for whipsaw and a down move past any stops, as investors digest the release. 

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OUR TRADE PLAN:

ENTRY:   BUY end of day or at release – if further data supports the trade. We may hold until after the release and jump in after the anticipated down move.
STOP LOSS:   NA
INITIAL PROFIT TARGET:  15%
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TRADE ASSIST:  YES – we will likely wait till close to enter based on our model of an initial down move.

POST RELEASE ACTION: 

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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory. 

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