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Earningsplay

Multiple bullish signs despite sell offA lot of others have pointed out the cup and handle formation that slack has made where the handle formed after the last earnings. But also that test of $40 prior to earnings is forming an ABCD pattern that puts the D greater than $50 by end of October. Slack's last earnings report was almost profitable, and their expectations is actually less than their last quarter's performance by 0.01. If slack can pull off a positive earnings, or even 4-5 cents positive they'll prove that they can take on MSFT and potentially emerge a winner in the work productivity space. Since Slack news is few and far between, I find that the recent bearish end of the week trend we had was only due to the way the rest of the market was reacting, since a lot of other big names have been dropping fast. At $29 slack is very near the $27.61 C point which proved to be a point of support. Additionally, $28.77 is a prior point of support from before the point C, which we bounced off of at the end of the day on the 4th (low was $28.00) showing a good sign that it doesn't intend to go lower.
WLong
by uranazo
5
Bullish on Walmart, short term long tradeI have been inactive here for past 2 years since I last post about FX picks and market analysis. Due to nature of job and industry I try to avoid conflict of interest, anyway below are my analysis of Walmart. Background about Walmart: *Brick & Mortar Shopping Mall with about 4,700 stores (Supercenter) *>50% revenue comes from groceries, follow by breakdowns to General Merchant, Health & Wellness and Other category. *2013-2015, Walmart allocated 50% capital to new stores but in 2020 it has reduced to <20% in new stores *They have business exposure in US, China (Sam's Club) and India (Flipkart) *Target customer in US (low-middle income), China (middle to high income) *Competitor = Amazon, Reliance, Costco, Target *Defensive stock Through the *ugly help* of Covid19, Walmart is able to accelerate their e-commerce investment and adoption rate, specially on their Walmart+ subscription plan which started 7th July (share price shot up 7%-8% intraday). Walmart Plus membership will reportedly include same-day delivery of groceries and other merchandise sold by Walmart. Think of Walmart Plus as the retailer's answer to Amazon Prime. It is a new membership program designed to compete with Amazon Prime. For a traditional brick & mortar business to transit and evolve alongside with technology adoption, I am pretty positive of Walmart's Omnichannel solution strategy (is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they're shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.) In July 29 they release a new online services "Ask Sam"; accommodating to customer's specify request such as price checking and locating fine products. While not forgetting about covid19's preventive measures they also added Curb side pick up for customers. (Lets just view it as their social corporate governance responsibility) Moving forward, Walmart is putting greater focus on E-commerce, growing their online platform awareness and increase market dominance over the time via acquisition/partnership with Flipkart (81% stake), JD.com (10%) and Shopify (10% stake). The deal will open Walmart's Marketplace to Shopify's small business sellers, with the goal of bringing 1,200 Shopify sellers to the marketplace this year. Back in Q1 earning report, management has highlighted U.S. ecommerce sales shot up by 74% as the coronavirus outbreak drove more shoppers to buy online and pick up outside Walmart stores, as there are currently no clear vaccine for now, I believe that online grocery shopping data will remain sticky till Q4. Catalyst - These are some events that are in favour of Walmart's share price 1. "Amazon says it is out of stock of household items and deliveries are delayed due to coronavirus demand", although this news happened back in mid-May, however this could also translate to lost of dissatisfied customer. 2. Walmart+ vs Amazon prime. Price and services competition. (competition of market share, shift in price sensitive customer) 3. Expended operating hours from usual 8pm to 10pm 4. More calls vs put for 21 August expiry options I see this as a strong defensive stock similarly to how other retail supermarket stocks in other countries had rallied and remain bullish on their upcoming earning report on 18th. I am expecting better than expected earnings on their core business grocery and modest decline in their other segment of the business. This should also fit a nice breakout play to $145+/- If you are bullish on this sector but cant decide which stocks to hold why not go for both Walmart and Target with decent portion of weighted portfolio. I am vested and above are just my small sharing. Good luck stay safe.
NYSE:WMTLong
by ChuaChangYi
ROKU EarningsROKU has formed an amazing setup ahead of its ER this week. After a higher run up at the beginning of July, it has consolidated into a great bull flag that looks ready to take off again before and after earnings. Using the length of the flagpole ROKU has a good long term bullish case to reach a new ATH and potential push further towards $195 or even $200. Note that the RSI is slowly reaching that overbought region so it may be due for some further consolidation before hitting those levels. In the meantime, ROKU's ER run up provides a good opportunity to ride the wave up. We know that ROKU can be a fast mover, and I think there is potential for a big single-day gain as it nears earnings, and maybe even after. Remember, however, that playing earnings is even riskier than normal options trading, so be aware of the IV heading into this week.
NASDAQ:ROKULong
by nmatto
1
CHGGChegg (CHGG) closed at an all time high today along a strong support. It is showing some resistance at around the $79.50 level, however with earnings on Monday 8/3, it may look to consolidate/run up pushing new levels. If it breaks 79.50, I am looking for a first price target at 82, and a second price target at 85. Previous two quarter ER's were misses, however last quarter's ER market reaction showed a gain of $22, and with a new ATH today CHGG may look to continue pushing upwards.
NYSE:CHGGLong
by nmatto
MasterCard (Ma) BuyTHis can be seen as an earning play. Price is in an uptrend. There was a retracement to the 38.2 fib level, followed by some consolidation . Price range between the two red levels. Price then broke out and retested the upper range level which once acted as resistance but is now acting as support. The previous candle was a doji, which I think may be signaling a reversal. Im expecting price to meet resistance either at the trendline or the above supply zone.
NYSE:MALong
by NoCeilingsTrading
Bullish Charts - Robust Earnings, Undervalued & 7.79% YieldNavient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions. It also holds, originates, and acquires consumer loans; and performs servicing activities on its own education loan portfolio, including private education loans, and private education refinance loans. In addition, the company offers revenue cycle management and business processing services; and healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, and consulting engagement for federal, state, and municipal clients; public authorities; and healthcare organizations. Further, it provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, and other healthcare providers; and corporate liquidity portfolio and debt repurchase services. The company was founded in 1973 and is headquartered in Wilmington, Delaware. 07/21/20, Navient Q2 Earnings Blew Away Wall Street Estimates Daily Chart looks Bullish with indicators turning up, positive. BULLISH The company has a current P/E of only 4.94x Current EPS: $1.54 Yield: 7.79% Reported Earnings: Q2 EPS $0.91 Beats $0.47 Estimate Market Cap: 1.5 Billion Institutional Ownership: 98.17% In my opinion, the stock is DIRT CHEAP at current levels. Compare this company's earnings to Bank of America & Wells Fargo, NAVI is blowing away Bank of America earnings along with many other large banks including Wells Fargo! I think NAVI should be trading around $30.00 all day long with the earnings the company is delivering. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:NAVILong
by HotCharts
2
$TSLA Can Reach $1750+ Post-Earnings CallRight now, I'm keeping a close watch on the correlations again for Tesla. I think if Elon Musk surprises Wall Street again beating earnings, this stock can easily pick up support momentum like it was doing July 13th, and this may pass the $1750 price point. That being said, it is mid to high risk currently at this price given the tight time frame, but I'm still very bullish as I have historically been and likely will be. Keep in mind, everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
NASDAQ:TSLALong
by gamer456148
5