ULTA is still rising, albeit on lower volume in recent time. The beauty store provider is still generating strong earnings growth with a 3 Year E.P.S Growth Rate of 25% and an E.P.S % Chg (Last Qtr) of 39%. This is accompanied by a 3-Year Sales Growth Rate of 21% and a Sales % Chg (Last Qtr) of 24%. This shows that an increase in sales is driving E.P.S growth,...
NASDAQ:CTSH Despite broader market action being questionable, Cognizant appears to be one bright spot that is attracting large scale buyers since 12th January. Cognizant has encouraging Sales and E.P.S growth which was 23% and 15% respectively last quarter, with an Annual ROE of 23%. With the next earnings release just 12 days away, this could be false hope...
Reynolds American Inc has shown promising price action and increasing volume when the majority of the market is turning down. This is confirmation of sectoral rotation from Small Caps to steady Mega Caps in troubled times for the broader market. Reynolds is showing steady earnings and remains locked into a secular bull market. A stop entry Long is attractive...
X - United States Steel Corporation is resuming the nearly 9 month downtrend that started in December 2014. Accelerated by two recent negative earnings surprises, the stock was down 7.75% yesterday, closing near its low, in slightly higher volume. Large scale buying existed on 28/01/2015 and 29/07/2015 although the value managers have not done enough to defend...
Upside breakout to the spread. 3% breakout from minor consolidation base. First American Financial Allegheny Technologies
LGCY broke down in high volume today, signalling the next step of the downtrend and registering an all-time-low. The stock finished the day -18.44% only 2 days before earnings with consensus estimates suggesting -$0.09 in earnings. With the oil sector and price per barrel under heavy selling pressure and with the company suffering a 35% decline in sales over...
The market-neutral spread of AMBA/EPZM broke out on Thursday (02/04/2015), in generally choppy trading conditions, showing clear signs of continuing its upward trend. Up 4.67% for the day and closing near the high of its daily range, AMBA/EPZM shows good signs of posting sizeable gains over the coming months. Ambarella is a semi-conductor stock that mainly...
Keep an eye on the spread of ACT/BMO, which broke out on Friday when the general market moved in the other direction (well this is a market neutral strategy). It gapped up, finishing at the high of it's daily range, in higher volume and on a Friday, all of which are significant. Actavis is a well held pharmaceutical stock which has good strength relative to...
A big breakout in US equity spreads took place on Friday with the EA/JOY equity spread gaining 5.53% to close near the high of the day at 0.97. Although this market-neutral spread has gained around 22% over the last month, plenty of upside looks to exist as the earnings outlook for Electronic Arts is still strong with the last quarter bringing with it a 121%...
The Long/Short Equity spread of AKRX/PKD has just broken out to a new high and finished Friday's trading session at the high of 12.82. Akorn Inc (pharmaceuticals) has reported consistently good earnings with an EPS change of 80% in the last quarter and also an annual ROE (Return on Equity) of 27.1%. It trades at a slightly higher P/E ratio of 48 which has been...