Get started
DOLLAR GENERDRNDOLLAR GENERDRNDOLLAR GENERDRN

DOLLAR GENERDRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

DGCO34 trade ideas

Dollar General ($DG) Plunges 29% on Economic Pressures Dollar General shares (NYSE: NYSE:DG ) took a dramatic 29% nosedive on Thursday, following a dismal earnings report that highlighted both external challenges and internal missteps. The discount retailer, which serves primarily rural and low-income communities, slashed its full-year sales and profit forecasts, underscoring the struggles of its core customer base in a tightening economic environment. But the challenges facing Dollar General are not solely external; a series of internal issues has also contributed to the retailer’s steep decline. Earnings Miss: A Dual Struggle with Customer Hardship and Operational Challenges Dollar General’s latest earnings report showed a disappointing performance, missing Wall Street expectations on both the top and bottom lines. For the second fiscal quarter, the company reported earnings per share of $1.70, falling short of the $1.79 anticipated by analysts. Revenue came in at $10.21 billion, also missing expectations of $10.37 billion. The company’s net income dropped to $374 million, or $1.70 per share, down from $469 million, or $2.13 per share, a year earlier, despite a 4.2% increase in sales year-over-year. CEO Todd Vasos acknowledged the impact of economic conditions on Dollar General's core customers, stating, “While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the importance of controlling what we can control.” Yet, he admitted that the company must do more to improve its stores and manage its inventory better. Guidance Slashed: A Bleak Forecast for Fiscal 2024 The retailer’s outlook for fiscal 2024 reflects a cautious approach to the uncertain economic landscape. Dollar General now expects same-store sales to increase between just 1.0% and 1.6%, down from its previous estimate of 2% to 2.7%. The company also slashed its earnings per share forecast to a range of $5.50 to $6.20, from a prior range of $6.80 to $7.55. These cuts signal the company’s concerns over continued weakness in consumer spending and its ability to navigate the competitive pressures. The retailer's challenges are compounded by stiff competition from giants like Walmart and Target, which have been aggressively cutting prices and winning over budget-conscious shoppers. Even online platforms like Temu, run by China’s PDD Holdings, are offering low-cost alternatives to the non-essential items that have traditionally driven sales at Dollar General. Operational Shortcomings and Market Share Loss Beyond the macroeconomic pressures, Dollar General (NYSE: NYSE:DG ) is grappling with internal problems that have exacerbated its struggles. The company has acknowledged the need for better inventory management and store improvements to curb losses and boost customer experience. Analysts point to a lack of strategic agility in an increasingly competitive discount retail environment, where rivals like Dollar Tree, Walmart, and Target are capturing more of the price-sensitive market. Michael Montani, an analyst at Evercore ISI, highlighted the challenge Dollar General (NYSE: NYSE:DG ) faces in maintaining market share. "Dollar General's results show the challenge of maintaining market share with Walmart winning in a slower growth environment," Montani noted. Walmart and Target have recently raised their full-year profit forecasts, benefiting from price cuts that have attracted more customers. The Path Forward: Can Dollar General Turn It Around? While Dollar General’s situation appears grim, it’s not without hope. The company still managed to advance some of its operational goals and saw positive traffic growth, indicating that there is potential for recovery if the retailer can address its weaknesses. However, analysts remain cautious about the short-term outlook, especially given the current economic pressures on lower-income consumers and the intensifying competition. The retailer’s future depends heavily on its ability to execute a more refined strategy that includes better inventory management, store enhancements, and possibly more competitive pricing. Dollar General must find a way to regain its footing and convince both customers and investors that it can adapt to the shifting landscape. A Critical Moment for Dollar General Dollar General’s sharp decline reflects a broader story of economic strain and operational missteps. As its core customers feel the pinch of a challenging economy, and as competition heats up, the company finds itself at a critical crossroads. The path to recovery will not be easy, but with strategic adjustments and a focus on operational improvements, Dollar General (NYSE: NYSE:DG ) may yet find a way to bounce back in the fiercely competitive discount retail market. The coming months will be pivotal in determining whether the retailer can overcome its current challenges or if further difficulties lie ahead.
NYSE:DGShort
by DEXWireNews
Dollar General | DG | Long at $90.00Dollar General NYSE:DG took a massive hit this morning after revising their future earnings guidance. The economy is showing many signs of a recession, and this is a clear warning. From a technical analysis perspective, it has retouched my "crash" simple moving average and may dip further into the $80's in the near-term. But, like many overall strong companies that suddenly plummet, I view this as a future opportunity given the strength of NYSE:DG as a business (holistically). Dollar General is the only grocery and home goods store around in many rural locations. So, while there is doom and gloom in the near-term, Dollar General is in a personal buy zone at $90.00. I view this as a starter position, though, with the potential for future declines/opportunities for additional share accumulation in the near-term. Target #1 = $100.00 Target #2 = $122.00 Target #3 = $200.00+ (very-long term outlook...)
NYSE:DGLong
by NicksAnalysis
5
DG, Incoming series of Price Growth in order! SEED.MONTHLY DATA: HISTOGRAM WAVE (top indicator) Down shift (3rd one since inception) finally re-appeared after waiting eons. Buyers are now positioning at the current discounted price range. Last time a wave down shift appeared was 6 years ago on June 2017! This is a huge hint already to SEED on this stock. Price perfectly bounce on a 1.0 FIB LEVEL touch on monthly data. Support is solid at the current price range. Net positive Volume last few days keeps ascending surpassing average numbers. As of this writing volume has surged 10% Expected Earnings result will come on August 31 and it's expected to beat previous Q1 numbers by a significant %. TAYOR Spotted at 167.0 Safeguard capital always.
NYSE:DGLong
by JSAL
1
Downside in Dollar General?Dollar General fell sharply in 2023. Now, after a period of consolidation, some traders may see further downside. The first pattern on today’s chart is the large bearish engulfing candle on March 14, which occurred despite results beating estimates. The discount retailer stalled below that session’s high in April. This month, it stalled near the low. Has old support below new resistance? Second, the 200-day simple moving average (SMA) potentially marks a long-term downtrend by steadily falling across the chart. Prices are also stalling below the 50-day SMA and are back under the 21-day exponential moving average (EMA). That may reflect weakness over the long, intermediate and short terms. Third, stochastics are dipping from near an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:DG
by TradeStation
$DG is in a bullish trendAfter hitting bottom at 101.09, it goes up to 61.8 fib lvl and rejects which is normal as the 61.8 fib lvl holds good. It finds support at 38.2 fib lvl. 38.2 fib lvl also holds good and we can see that it goes above 61.8 fib lvl after rebounding from 38.2 fib lvl. Same 61.8 fib lvl which was resistance before. After crossing 61.8, it's retesting support lvl at 130.83 which was resistance previously. I will target the next lvl at 78.6 ($145.82) with the trade play below...... Feb 16 150c for 1.56 or for lower cost, you can also play Feb 16 160c for .60 Size appropriately as the overall market can bring the stock down still.
NYSE:DGLong
by jsingh009
DG Descending channel breakout continuationDG (DOLLAR GENERAL) PRICE RECAP: DG has been on a selling spree since reaching its all time highs at 262.21. Along the way down, DG’s price began to trade into a channel where it finally broken out of following a bounce from the major support at 102.07 - 106.00. This area hadn’t been reached since December 2018, completing a 61.8% price retracement. Additionally, there were 2 large GAPS created on the way down at 179.15 - 200.67 and 139.44 - 154.58. After breaking out of the descending channel on the daily timeframe, price made a move towards the first GAP but rejected right at the GAP’s low. This rejection caused price to make a push down towards the previous intermediate support level. Price broke below this support then bounced off of the new uptrend support to reclaim the level and is now retesting this support again. I am now watching for DG to continue its move upward to retry filling the GAP above at 139.44 - 154.58. NOTE: The highs of this GAP is also a previous major support/resistance level. Also notice how the Jeanius Indicator gave buy confluence signals at the major support bounce area as well as the first swing low in the new uptrend where price seemed to have consolidated. TRADE IDEA: I plan to swing calls from here with a tight stop below the previous swing low, first targeting the low of the GAP above then ultimately the high of the GAP. In conjunction with the major downtrend resistance area. ADDITIONAL CONFLUENCES: - 61.8 % fib retraced - Bullish Engulfing at fib bounce level - Rising Volume - Monthly Pivot - Stock curling up reclaiming halfway - MACD showing sell weakness - RSI oversold bounce - Bolli Band reclaim - VRVP (Visible Range Volume Profile) bounce from POC (point control) … Displaying next available POC at 164.58. - Bouncing from CHOCH (Change of character point)
NYSE:DGLong
by Stockstradamus_
2
Dollar General $DG - Cash Secured Put Trade IdeaOn Wed Nov 22 2023 I entered a cash secured put trade on NYSE:DG I did this for several reasons: Price closed above the 50MA on daily candles. Price broke out of the horizontal support. Price closed above a medium/long term diaginal support. Moving averages are crossing over and sloping upwards. Price is oversold as the stock has fallen by approximately -62% from its October 2022 high. The stock volatility was at 94% giving th edge to option sellers, yet we are still 15 days away from NYSE:DG earnings. Earnings are another example why I think the price of my put will expire OTM and I will get to keep this inflated premium. You see the bar for NYSE:DG earnings as set by the analysts is pretty low, with the estimates of EPS: $1.197 and Revenue: $9.648B, both I believe could be low targets for NYSE:DG based on their historic and last quarter results. There is also an unfilled bullish gap from a technical perspective above the current price at around the $138.44-$157.60 level. I sold a DEC 15 $115 PUT for a premium of $2.95 per contract. My thoughts are that the contracts will expire worthless and that I will be able to keep the premium. If the volatility drops from the current levels I will realize my profits faster. Depending on how much profit gets captured from the option I might exit early before earnings and lock in profits without increasing my risk due to the upcoming earnings, as we know during earnings its a coin toss and anything can happen. This is my first post idea on TradingView, hope this was helpful for the readers. If so, follow me for more ideas on stock and option trading. Enjoy the weekend and good luck next week!
NYSE:DGLong
by Konstandinovic
2