Jump Report
| Avg Daily Volume: 2,867,524 Market Cap: 10.18B Sector: Technology Short Interest: 4.02 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .76/share REV: 506.46/M
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LAST QTR: EPS: 2.90/share ESTIMATED: 2.80/share (BEAT)
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NEXT QTR: EPS: .42/share REV: 418.3/M
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FY19: EPS: 4.78/share REV: 2,950/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 88% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) : -14.72, -6.96, 15.16
POTENTIAL JUMP MOVE: 12-15%
Links To Latest News and Headlines
According to the average brokerage recommendation (ABR), one should invest in Take-Two (TTWO). It is debatable whether this highly sought-after metric is effective because Wall Street analysts’ recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. But it’s not all sunshine and rainbows as consumer purchasing power can make or break demand. This unpredictability is weighing on returns as the industry has posted a flat return over the past six months, close to the S&P 500’s performance.
Take-Two Interactive rides a 17% bookings surge as demand for Grand Theft Auto, NBA 2K and new titles fuels its growth outlook.
Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Friday, June 6, including the May jobs report, April’s consumer credit reading, and the 2025 Summer Games Fest kicks off, where many video game developers like Sony (SONY), Microsoft (MSFT), and Nintendo (NTDOY, 7974.T) will be in attendance. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
JP Morgan analyst Cory Carpenter named Take-Two Interactive Software (NASDAQ:TTWO) and Xometry (NASDAQ:XMTR) as top picks within the internet small and mid-cap (SMID) and video games sectors. As part of a wider reassessment of the internet SMID and …
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 drop in price post release on soft investor sentiment. Consensus has earnings at .76/share on bookings of 512 million. They may not meet that or if they do, we don’t see them beating by much. Though competitor EA which just reported a beat and the stock went up post release we are not seeing that here.
We are overall SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: 5%
TAKE PROFIT: 9%
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UPDATE: We remain biased short on this trade. The stock is down almost 4% from open so the concern is the move may be priced in. Factor that in your decision to trade it.
POST RELEASE ACTION: Trading was halted prior to the release as they printed much lower expectations. The stock dropped 7% – and then back up to near close level. We grabbed a quick profit and are short again with a belief it will resume dropping in the am.
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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.