EARNINGS RELEASE - AUGUST 6 (AMC)
THIS QTR: EPS: -.51/share REV: 153.4/M
LAST QTR: EPS: -.11/share ACTUAL: -.22/share (MISS)
NEXT QTR: EPS: .18/share REV: 189.6/M
FULL YR: EPS: -.71/share REV: 817.7/M
BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -5.71, -10.16, 19.25
EXPECTED JUMP MOVE THIS QUARTER: 12%
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
David Andre and Astro Teller’s Cerebellum Capital is a fascinating hedge fund to track given the massive portfolio turnover it undertakes every quarter. The fund, which was founded in April 2017 and is currently being run by CEO Conrad Gann, uses advanced machine learning that can autonomously discover and implement its own strategies, helping the […]
Two venture capitalists share their reaction to the DOJ’s antitrust case against Google.
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2020 after the market closes on Thursday, November 5, 2020.
Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today released third quarter data for the Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S. The report has been adapted to reveal the dramatic impact COVID-19 has had on local economies, uncovering the resilience of local businesses across the country. While our September Economic Impact Report and the latest unemployment figures show continued economic uncertainty, our data finds that certain areas of the local economy show promising signs of adaptability.
The antitrust lawsuit filed against Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) Tuesday by the Department of Justice alleges that Alphabet subsidiary Google uses anticompetitive practices to maintain a monopoly on the search and advertising market in the United States.The lawsuit points out Google’s 80% market share in the U.S. search market. The Department of Justice also alleges Google locks out competitors through exclusionary agreements.Tepper On Google’s Antitrust Risk: “This has been a headline risk for years, and it really doesn’t change my outlook,” Mark Tepper, president of Strategic Wealth Partners, said on CNBC’s “Trading Nation.”Google does have a monopoly on the search market, Tepper said, but questioned the effectiveness of breaking up the company. “Probably some more regulation, probably a fine, but what’s the government going to do? Are they going to take business from Google and then give it to an even larger giant like Microsoft?”As investors wait to see if Alphabet’s hand is forced, we look at some possible stocks that could win from a break-up scenario.Apple Inc: Given its competition against Google in phone search, maps, and smart speakers, Apple Inc (NASDAQ: AAPL) could be a natural winner in a split of Alphabet assets.Related Link: DoJ Officially Files Antitrust Lawsuit Against GoogleTripAdvisor: The CEO of TripAdvisor Inc (NASDAQ: TRIP) hasn’t shied away from his belief that Google is hurting his company’s business with some unfair practices.He recently told Bloomberg that Google Search makes the playing field uneven. Shares of TripAdvisor are down 35% in 2020 and have fallen more than 75% over the last five years.Booking Holdings: The owner of online reservation and recommendation sites, Booking Holdings (NASDAQ: BKNG) could be a winner from Google having to change its search practices. Booking Holdings owns Booking.com, Kayak and Priceline.com The company relies on people finding its results through search.Netflix: Alphabet is the owner of YouTube, which is one of the top streaming companies in the world.Netflix Inc (NASDAQ: NFLX) is a rival, but could also help assign a valuation to YouTube if it was split off as a separate company. Investors and analysts could use a pure play company like YouTube as a comparison of what Netflix is worth.Zillow: Online real estate company Zillow Group, Inc (NASDAQ: Z) is a company that gets traffic from Google search results. A change in Google’s practices could benefit a company like Zillow.Garmin: GPS providers like Garmin (NASDAQ: GRMN) have seen the shift of drivers using their phone and apps like Google Maps as navigation devices.Garmin is a company to watch if Google has to make changes to its Google Maps feature.Yelp: One of the biggest cheers for the Department of Justice lawsuit came from Yelp Inc. (NYSE: YELP), a review platform that connects consumers with local businesses.”By systematically reducing the quality of its search results in order to entrench and extend its search and search advertising monopolies, Google is directly harming consumers,” the company said in a blog post.Yelp could benefit if Google has to change search practices and allow Yelp results to appear higher in consumers’ searches.Photo courtesy of Zillow.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Zoomtopia 2020: Zoom Video Unveils Zapps, New Features To Take On Microsoft, Google * 5 Apple Analysts On HomePod Mini, Pricing Of ‘Premier 5G’ iPhone(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
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The trajectory analysis has the event as a negative market reaction to the release news. Our confidence level is low based on the crazy market conditions of retail traders buying dips of any tech company.
We are biased SHORT – but will likely hold on trading this.
OUR TRADE PLAN:
STOP LOSS: N/A
INITIAL PROFIT TARGET: 10%
TRADE ASSIST: N/A
POST RELEASE ACTION:
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 stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.