AT&T SHORT!I believe that a short is on the table here for you guys who like option contracts. Profitable trade in my opinion that might just take over 2 weeks for our TP to be achieved!
Let's Go.
I would jump in on this now if I'm being quite honest down to lows of 32.50, if we get turbulence whilst prices are heading towards this region I would still hold the trade as I think the prices could plummet even lower.
Volume 27.903K
EPS: 1.49
Market Cap: 222.938B
P/E: 24.42
Div Yield: 5.515.
TP: 32.50
EPS
$CJ Mid term value play.After the market correction $CJ set a new 52 week low with a share price of 22.99. The energy sector has been fairly bearish through January and February which seemed to have helped push the share price even lower. $CJ serves as a prime example of an oversold position.It is also very attractive when looking at its fundamentals relative to its competitors. Consistent earnings growth, a market cap of over 1 billion dollars, a P/E ratio under 7, a P/B ratio under 2, fair gross profit margins, and a price target of 36 from multiple firms serves to illustrate a fairly attractive return. From a technical standpoint rather strong support can be observed around 23.50$-24$ the first pullback happening in September. The relative strength index currently at 31 serves to also illustrate the current price as oversold, such as the MACD indicator does also. The company is currently trending under its 25,50 and 200 day moving averages.
AMBA short at low eps estimatesBattleground: Morgan sticks by Ambarella after guidance cut, two downgrades The shares of Ambarella (AMBA) are tumbling after the chip maker reported stronger than expected quarterly results but cut its guidance. Two research firms, Craig-Hallum and Roth Capital, downgraded the stock on the heels of the report, but Morgan Stanley remained upbeat on the company's outlook in providing technology for computer vision applications. RESULTS: Ambarella, which develops chips used in video systems, reported second quarter earnings per share of 48c, versus the consensus outlook of 44c. Ambarella's revenue came in slightly higher than expected. However, it now expects its full-year topline total to fall 3%-7%, versus its previous guidance for it to come in between a decline of 3% and an increase of 3%. The company said it expects its revenue from the drone market to fall for the rest of the year. DOWNGRADES: Craig-Hallum analyst Richard Shannon cut his rating on the stock to Hold from Buy. The company reported "solid" results and guidance, driven by strength in its security and auto markets, though it is facing "headwinds" in the drone market that "will likely take a few quarters to improve," the analyst stated. Moreover, the company is increasing its investment in computer vision chips and the outlook for the sales of such chips is uncertain, Shannon said. He noted that the company believes that strong demand for the low-cost DJI Spark drone, which does not utilize Ambarella's chips, could be negatively impacting the sales of higher cost drones that do incorporate its products. The analyst does not expect Ambarella's revenue from drones to rebound quickly and he thinks the shares could remain "in a range for some time." He slashed his price target on the stock to $50 from $68. Roth's Suji Desilva cut the rating on Ambarella to Neutral from Buy. The analyst expects the company to continue to benefit from growth in its sports wearable, security and auto markets. However, the prospects for its drone market are particularly uncertain, the analyst stated. Desilva said that he "would wait for increasing stability in core demand markets" and increased visibility in demand for Ambarella's computer vision products before becoming more bullish on the stock. He cut his price target on the shares to $50 from $65. MORE BULLISH MORGAN STANLEY: Analyst Joseph Moore significantly lowered his fourth quarter and 2018 estimates for Ambarella. However, the analyst said he was encouraged by the company's comments on its computer vision products. He noted that Ambarella plans to provide samples of the products to its customers next quarter. Although Moore doesn't expect Ambarella to obtain revenue from the products until late next year, he thinks that investors could become enthusiastic about them "given the importance of machine vision," and he believes that a successful launch of the products could boost the stock. Moore lowered his price target on Ambarella to $60 from $65 but keeps an Overweight rating on the shares. PRICE ACTION: In morning trading, Ambarella sank 20% to $43.42. GoPro (GPRO), a prominent customer of Ambarella's chips, is flat at $9.21 per share, off its earlier session highs.
Fiesta Restaurant Group Stock Wedge Coming Off Oversold RSIFiesta Restaurant Group stock has formed a Bullish Wedge as it's coming out of oversold on the RSI.
A divergence is ongoing between the price of the stock and the EPS forecast. I don't think the divergence will last very long as rising EPS forecast usually translates into a higher stock price fairly quickly. About 60 days ago, the EPS forecast was $0.37. As of April 21, 2015, that has been raised to $0.38.
The annual EPS growth rate for the last 5 years is a sizzling fajita 35.1%. But growth has REALLY picked up recently. Quarter over quarter, EPS has increased by an incredible 254.5%.
Fiesta Restaurant Group plans to add 24 to 26 Pollo Tropical restaurants this year.
Source: www.guerillastocktrading.com
American Woodmark (AMWD) Radical EPS Forecast HikesAmerican Woodmark (AMWD) has had the EPS forecast hiked from $0.55 just 30 days ago, to $0.57 within the last few days.
The EPS has increased by +150% quarter over quarter and revenue has been uptrending for 5 years now.
The stock has been in an uptrend since June of 2014 and it continues to power higher on the catalyst that improved home sales and remodeling will continue as the U.S. economy slowly improves.
What's equally impressive is that the company continues to improve gross margin.
The company sits on a $162 million pile of cash, with only $21.7 million in debt.
The stock trades in the Home Furnishings and Fixtures industry which is on fire right now.
Source: www.guerillastocktrading.com
Momentum Stocks keep making new highs = BULLISH SIGNALMomentum stocks keep making new highs. Triquint broke out after eps w/volume weeks after testing 200DMA Benchmark. Technically $27 is price target
Lovin this LREP Risk/Reward is perfectIf 200DMA is violated then we closed position with MINIMUM LOSS. 200dma CROSSOVER is one of the best long set ups & this one has the fuel of strong EPS