JUMP REPORT
| Avg Daily Volume: 99,356 Market Cap: 2.26B Sector: Basic Materials Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.22/share REV: 109/M
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LAST QTR: EPS: 1.11/share ACTUAL: 1.24/share (BEAT)
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NEXT QTR: EPS: 1.24/share REV: 109.88/M
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FULL YR: EPS: 0/share REV: 423.3/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 %) -6.46, -10.20, 6.83
POTENTIAL JUMP MOVE: 8-9%
Links To Latest News and Headlines
Readers hoping to buy WD-40 Company ( NASDAQ:WDFC ) for its dividend will need to make their move shortly, as the stock…
The S&P 500 hit more record highs on Friday as we continue to carefully crawl higher ahead of earnings season. That said, let’s look at a few top stock trades ahead of next week. Top Stock Trades for Monday No. 1: Amazon (AMZN) Click to EnlargeSource: Chart courtesy of TrendSpider Amazon (NASDAQ:AMZN) and its FAANG peers have been trading much better lately. It’s also a great example of using multiple timeframes. On the daily chart — which is not shown above; instead it’s a weekly chart — traders will notice that Amazon broke below the 200-day moving average. Technically, it looked to be in a state of failure.InvestorPlace – Stock Market News, Stock Advice & Trading Tips However, the 50-week moving average held perfectly. While shares consolidated below the 10-week and 21-week moving averages for a few weeks after the bounce, AMZN STOCK eventually broke out over these measures. Now surging into prior range resistance, let’s see if buyers can boost it out of this range. If they can, the 2021 high is in play at $3,434, followed by the $3,500 area. 7 Great Stocks to Buy Under $10 On the downside, though, bulls want to see the 10-week and 21-week moving averages act as support. However, they have to see the 50-week moving average hold. Below puts the 2021 low in play. Top Stock Trades for Monday No. 2: WD-40 Company (WDFC) Click to EnlargeSource: Chart courtesy of TrendSpider WD-40 Company (NASDAQ:WDFC) is getting hammered on earnings. It doesn’t need lubricant, it needs some duct tape. Poor puns and references aside, the stock is leaving some question marks when it comes to the chart — but also, some opportunities. On the one hand, we have a dip right to the 10-month moving average and a gap-fill through $271. On the other hand, we’re still a ways above the 200-day moving average and only in “day one” of the selloff, which can tend to last three or more days. From here, proceed with an open mind. Long above Friday’s low is a reasonable approach, as is adding or initiating a position back over $271. However, a close below Friday’s low could very well put more downside in play, potentially down to the 200-day moving average. Top Stock Trades for Monday No. 3: Levi (LEVI) Click to EnlargeSource: Chart courtesy of TrendSpider While WD-40 Company is getting hit on earnings, Levi (NYSE:LEVI) is on the move higher after its quarterly results. Shares continue to trade really well, riding the 10-week moving average higher. This is the price action you want to see if you’re long. However, shares are fading off Friday’s high and thus, this week’s high. Keep an eye on $24.50, the 2019 high that came shortly after Levi’s IPO. A break of this mark and the 10-week moving average could put the $22.50 to $23 area in play, as well as the 21-week moving average. 7 Retail Stocks Hoping for a Sunny Summer Season On the upside, though, a move above Friday’s high — at $27.30 — puts the 161.8% extension in play at $27.88. Above that opens the door to $30-plus. Top Trades for Monday No. 4: Clover Health (CLOV) Click to EnlargeSource: Chart courtesy of TrendSpider Clover Health (NASDAQ:CLOV) has been battered from its December and January highs. Down more than 50% now, and bulls are looking for an opportunity. The stock continued to find buyers around $7 and rocketed higher on Thursday, ultimately reclaiming the 10-day and 21-day moving averages. Shares even briefly rotated over the March high at $9.08, but have since retreated. Dipping on Friday, Clover is now finding support at those moving averages. That’s pretty healthy price action and does give dip-buyers an opportunity. A close below $8 could put $7 back on the table. Below $7, and CLOV stock likely retests the low near $6.31. However, above this week’s high could put the $9.75 area and 50-day moving average on the table. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post 4 Top Stock Trades for Monday: AMZN, WDFC, LEVI, CLOV appeared first on InvestorPlace.
Investors watching the Nasdaq Composite (NASDAQINDEX: ^IXIC) have had to sit by as other major market indexes get all the attention. Today’s big losers on the Nasdaq include WD-40 (NASDAQ: WDFC) and Chuy’s Holdings (NASDAQ: CHUY), and we’ll take a closer look to see whether long-term investors should agree with the traders who have sent their shares sharply lower on Friday. Shares of WD-40 dropped more than 13% on Friday afternoon.
On our call today are WD-40 Company’s Chairman and Chief Executive Officer, Garry Ridge; Vice President and Chief Financial Officer, Jay Rembolt and President and Chief Operating Officer, Steve Brass. Steve will share these puts and takes with you in greater detail in a moment.
WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its second fiscal quarter ended February 28, 2021.
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