$STT with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:STT after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
0L9G trade ideas
STT State Street Corporation Options Ahead of EarningsIf you haven`t sold STT before the previous earnings:
Then analyzing the options chain and the chart patterns of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STT State Street Corporation Options Ahead of EarningsAnalyzing the options chain of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 7/21/2023,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
April Gainers (STT, account up 0.5%)8th trade in April is NYSE:STT .
Holding period is 31 days (3/14/23-4/14/23).
Account is up 0.5%.
Total return in April is 1.65%
Bullish Breakout Potential: $STT Approaches $100 ResistanceThe trend for $STT stock appears bullish as it approaches the resistance level of $100. The stock has been consistently trading above the support level of $88, providing further confidence in the bullish trend. It's important to monitor the stock's performance at the $100 resistance level and evaluate potential entry and exit points. Keep an eye on the volume and any potential changes in market sentiment to maximize profits in this trade. Let's see if the bulls can push through the resistance and reach new highs.
$STT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $STT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
STTlooks like a bullish pennant to me, gotta see how it plays out over coming days / weeks
in next few days its either going to bounce off upper bollinger band and come down to the MA's, or break through it and continue the uptrend after the consolidation period its currently in.
either way keeping a close eye on it because its looking positive that its going to continue its uptrend
$STT Swing Trading Pullback or ReversalNYSE:STT
It seems it has good direction to the upside, the lower lows might indicate this is a "falling knife" type of situation. Yet, there is a strong support line at Fibo and at 77.07.
$STT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $STT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
STT LONGAs we can see in this graph, STT stock seems to be following a bearish pattern (orange lines). It just hit the and bounced on the bottom line, so we can take advantage of the movement with a long position. Starting from the bottom, in green we highlighted 3 signals:
-STOCHASTIC: even if it still is in the oversold area, we can see that the signal line has just been crossed upward;
-RSI just crossed the signal line and left the oversold area, giving us a pretty strong long signal;
-KELTNER CHANNEL: as we can see, the price rose above KC's bottom line giving us another buy signal.
Even MACD encourages us to go long because it is gaining bullish strength and it is close to crossing the signal line.
Fundamentals;
Earning were released just two weeks ago with better results than expected.
LONG
OPEN: 70.81
SL: 68.59
TP: 76.36
We could also aim higher than TP, until top orange line.
$STT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $STT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
STT Long term LongLong basically just on fundamentals. Forecasted growth of EPS of about 18%. Div Yld 2.36%. P/E 12.88 versus lifelong norm of 15.
I see new ATH's; it might take some patience
State Street; Captains of Crash Foresight and Self-PlunderingDisclaimer
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's clever play to enrich itself in the event of an economic collapse.
This analysis has no information pertaining to the company State Street, nor it's business dealings or financials. This is a pure analysis of the facts as presented in dual press releases, aligning itself with historical information in the event of financial turbulence, along with a clever little explanation of State Street's play.
The articles in question:
www.yahoo.com
newsroom.statestreet.com
Thesis
State Street is a large investment bank centered in Boston, MA. Their specifics are unimportant, they are respectable, they have some cute and clever holdings, but all in all, they are a large investment firm that does not specialize in innovation, they are the same flavour of bank as every other, just with a piss poor use of words ending in r. Wholly uninteresting, this cute play caught this analyst's eye, and it had to be shared. The bulk of this thesis rests on the idea of an eminent crash where there will be an obscene amount of volatility in the network, end resulting in massive appreciation in equities focused along ESG guidelines and "memestocks", especially those that fall between like Tesla $TSLA (although there is little to suggest $TSLA flourishes short term, their long term allure cannot be denied). This author has written extensively on maligned and corrupt stock market mechanics, as well as those that are leading to this crash, but there has been substantial pieces of questionable to unquestioning proof that a financial collapse is coming to some greater scale similar to 2008. China's Evergrande is only the tip of the iceberg, where America's 2008 seems to look almost pedantic; perhaps the scale in logarithmic economic growth derived in China matches the magnitude of the fall to come. End resultant unimportant to State Street's play, if any global financial panic or collapse happens, State Street will be shuttered into the ground. State Street knows this, because they are planning on it. Having aliquoted $3 billion in liquid assets for a share buyback across the next 6 quarters in any order they choose, State Street has just sold a little over $2 billion in shares for administrative/business purposes. By taking a temporary loan in shares now, waiting for their own stock to crash to buyback, State Street has gamified it's own fall.
State Street has sold 21.7 million shares at a current price of $87.6, an 18% increase from $STT's price on July 15th, when they announced they would buyback $3 billion in shares. By natural design, the stock will fall after share dilution all on it's own, but given an all but certain tumultuous period ahead for the global markets (rapidly increasing inflation, social unrest, pandemic response, mass eviction crisis, supply line shortage, etc.), State Street could fall from it's current high of $88.3 per share to the low teens if matching 2008's pattern. If State Street had bought back shares on July 15th, they would be able to buyback 36.6 million shares at ~82/share. Today, just 34 million shares.
At $60/share -->50 million shares
$50/share -->60 million shares
$40/share -->75 million shares
$30/share -->100 million shares
$20/share -->150 million shares
$10/share -->300 million shares
With 344 million shares outstanding, some clever options play and a really tough go on day, State Street could buy itself back completely for $3 billion. With institutional ownership at 91%, it is extremely unlikely they could have bought many shares at all with $3 billion before squeezing itself, which is perhaps some objective of their initial announcement. With a 17% increase in share price, but little volume, it almost wasn't worth the early warning that a crash was coming. By utilizing looming global economic events, State Street stands to reap an outstanding reward with it's own stock, all while borrowing the money to do it right before the crash itself. Perhaps the SEC or investors may not ask why even borrow $2 billion, let alone when $3 billion was just set aside from a record quarter with record profits, but at some point, at some moral juncture, those that betray their investors so willingly, so knowingly, must at some point come to justice. In selling 21.7 million shares, State Street has created a market of shares to buyback, all while selling shares they undoubtedly know will become next to worthless in a matter of days to weeks to months. Furthermore, should any of those investors manage to hold on to their shares, ride out the wave to come from under the crash back onto the pump of $STT from the foreshadowing share buyback, it won't much matter as the shares are likely awarded to directors as a bonus for a job well done, and a scheme well clevered.
In no way would State Street's performance or abilities deter from the plan; any substantial unwinding of leverage leading to a massive flash crash, or even worse, a sustained economic downtrend on the global equities markets, will lead to a massive sell-off of bank stocks, leading to a massive decrease in $STT. Pre-COVID, from the moment the Bank of International Settlements announced a possible economic crash was coming, $STT was plummeting. Their own performance aside, nothing from their profits would suggest such an event other than a downturn in the stock market and a lack of investor interest and confidence in the banking sector. Nothing has changed for State Street since then, having missed massive Federal Reserve boons, failed to make massive in-roads against the more impressive asset managers, and choosing to go a more unique path for now.
If the bet is State Street going up or going down in the near term, this analyst will bet with State Street, by betting against State Street. State Street has effectively short-sold itself, by selling shares that it plans to buyback at a lower price, State Street has become the bear.
Disclaimer
This author does not have any financial investment in $STT or it's price. This author does not believe in short selling from a financial and logical reasoning; money against is money not put for. This is meant as light reading on a small historical perspective and a cute little play State Street is making. Good luck, always do your own research, and &$%# Cancer and shorts!
STT 🌦➡️Pattern recognized:
Regular flat
➡️Hypothesis:
Bullish
➡️Catalyst:
No material catalyst.
➡️Conclusion:
Calls with 3 month expiries.
***This does not constitute financial advice.***
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$STT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $STT after a Positive over reaction following its earnings release placing the stock in drift B
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$STT - golden crossout of 23 golden crosses that I am monitoring, this is another for which I hold call options
Create alert on STT to go long above 66Potential buy over 66 level. Trade not confirmed, will track using an alert.
ABC BullishEarning BMO 7-17
STT has already fallen out of it's rising wedge
STT has fallen from rising wedge pattern and is trying to break out of a symmetric triangle
consolidationg with a doji on weekly and on monthly time frames
R noted at 66.3ish
I own this but this is Not a recommendation
Trade safely
Potential Long 5th Wave, ElliottWave Move for STTUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for STT on the Daily time frame . The 5th wave move in an elliottwave sequence is the highest probability move. The catalyst for the current wave 4, profit taking, pullback was Earnings and it does seem to have found support.
The wave 4 pull back has found support in the Green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart, will be hit. Further more the profit taking pull back is at major support and resistance zone from previous earnings reactions.
We see yellow dots formed in the overbought zone on our special False Breakout Stochastic indicator, which signals strong Bullish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the oversold zone, there is a high probability the stocks price action will resume the overall bullish trend .
We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone.
So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability long swing trading opportunity for STT , with the following entry strategy:
We use our 6/4 MA High for initial starting point for long entries and take into consideration and recent pivots during the 4th wave pullback.
Long entry through $80.09
Stop Loss $74.96
Target $90
Giving a Risk to Reward of 1:2
State Street Gets another upgrade $sttHaving first called a long trade on the stock at $62.00 this has been a great winning trade setup.
The stock now sits at Just below $80.00 and has today received a upgrade from Wolfe research to Outperform from peer perform.
Technically the stock has run quite hard recently but we could see a an attempt to hit the Fibonacci Golden pocket soon
STT Moves with Momentum Out of a Short-Term BottomSTT continues to move upward after completing a short-term bottom. The action is frequently Professional Trader driven.
