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 research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: THE CONTAINER STORE, INC (TCS)
Earnings Release: 5/22/18 (AMC-Today)
Position Entry: (at or near EOD-end of day)
Last 3 Quarters: “Jump Zone” Move: -24.84%, 36.55%, -22.68%
Consensus Estimates: ($NA whisper) ($.26 estimize) ($.24 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
We have revised our trading strategy and though we are biased long the stock has popped 9% pre release so far, and we feel it is now priced in. It may go up further on good news but is too risky and we are holding until a retrace.
ANALYSIS: StockJumpers trajectory analysis reveals a positive market reaction to the news release. Last quarter the stock dropped 25% and has since DOUBLED in price. From $4 a share to over $8 a share yesterday. The expectations are higher this quarter as well. Despite this our models show a beat and pop post release. We are cautiously optimistic and investor sentiment is very high (which scares us going into this release). We would be happier with a long trade if we starting at 6/share.
We are cautiously LONG for the event.
(Note: This is an After Market Close (AMC) release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 10-15%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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