Ticker delayed 20 minutes
Avg Daily Volume: 29,642,592 Market Cap: 18.65B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.05/share REV: 434.8/M
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LAST QTR: EPS: -.10/share ACTUAL: -.06/share (BEAT)
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NEXT QTR: EPS: .0/share REV: 553.3/M
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FULL YR: EPS: -.20/share REV: 1,700/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: 80% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 18.74, -7.75, 29.11
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
Snap stock surged Friday, after the Snapchat parent company reported Q1 earnings and sales that exceeded views.
Alphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Exxon Mobil’s earnings miss estimates.
The company benefited from increased user adoption and higher ad rates.
Shares of social network Snapchat (NYSE: SNAP) jumped 27.5% in the afternoon session after the company reported first-quarter results with revenue beating expectations, driven by better-than-expected daily active users. Its revenue growth and higher operational efficiency also enabled it to post positive EBITDA and free cash flow, beating Wall Street’s pessimistic estimates.
↗️ **Alphabet (GOOG),** **(GOOGL)**: Google’s parent said quarterly profit jumped by more than half and announced its first cash dividend. Shares soared around 10%. ↗️ **Microsoft (MSFT)**: The software company reported quarterly results that beat Wall Street estimates for sales and revenue.
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ANALYSIS:
StockJumpers trajectory analysis reveals a negative market reaction the release. Investors have been generally upbeat about this release however we think even with a beat, that without strong subscriber growth that surpasses expectations this stock will fall.
Our preliminary data puts our bias at short for the event.
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OUR TRADE PLAN:
ENTRY: SELL – end of day or sooner
STOP LOSS: NA
INITIAL PROFIT TARGET: 12%
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TRADE ASSIST: YES – though some of the move may be priced in
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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