Companies Reporting Earnings 
for the
Week Beginning November 19, 2018

Last Week Was Another Success
Despite Market Turbulence!

Up 274% Potential Profit!

by Ian Harvey

November 18, 2018

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A Quick Review of Last Week’s Market…..

It was a tough week for the market. Major indices opened lower Monday morning and saw a steep decline early as the stock market traded on light volume while bond markets were closed in observation of Veteran’s Day, sending the S&P 500 and the Dow Jones below their 200-day moving averages.

For the week, the Dow Jones Industrial Average (DJI) finished down 2.2% at 25,413.22.

The S&P 500 Index (SPX) was down 1.6% at 2,736.27 for the week; and the Nasdaq Composite (IXIC) also down at 2.2% for the week at 7,247.87.

Much of this week’s news revolved around additional trade talks with China and additional tariffs on imported automobiles.

Oil prices started the week higher but dropped again on news that OPEC was going to reduce supply in 2019 and that Saudi Arabia is planning to cut oil shipments to the United States. Despite a mid-week bump, oil prices continued to decline with prices reaching lows that haven’t been seen in 3 years.

Britain and the European Union reached a Brexit agreement earlier in the week, but still face the hurdle of pushing the deal through the British Parliament.

Apple stock was a significant catalyst in this week's price action, as weak forecasts from several suppliers -- including Lumentum (LITE) and Qorvo (QRVO) - sparked concern over slowing iPhone demand. A number of analysts were quick to issue bear notes on AAPL, too, putting the FAANG stock on pace for its longest weekly losing streak in years.

Moving Ahead…..

The coming week will be a short one, with the U.S. stock market closed all day on Thursday and early on Black Friday for the Thanksgiving holiday.

CONTROL OF EMOTIONS AND LESS PANIC WILL HELP YOUR PROFIT MARGIN!

Reviewing the Earnings Predictions from Last Week…..


“EARNINGS for LAST WEEK”!

DATE TRADE GAIN
November 13, 2018 HD DEC 21 2018 190.000 CALL P.L: -36%
November 13, 2018 CRON DEC 21 2018 9.000 CALL P.P: 0%
November 14, 2018 CGC DEC 21 2018 40.000 CALL P.L: -30%
November 14, 2018 GOOS DEC 21 2018 60.000 CALL P.P. 120%
November 15, 2018 NVDA DEC 21 2018 190.000 PUT P.P: 220%

TOTAL potential profit for these 5 trades= P.P: 274%.

Don’t miss out – check out further options trades recommended for the week ahead by becoming a member of Stock Options Made Easy “Earnings Predictions”.

Options Trades to Consider Based on Expected Earnings Reports:

Monday, November 19

Intuit Inc. (NASDAQ:INTU), a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions, will report earnings after the market closes. It is expected that the tax and small business software giant will attempt to produce another set of vigorous numbers in a run of quarters that has pushed its stock up 33% year to date.

In the last reported quarter, the company's non-GAAP earnings came in at 32 cents per share, surpassing the Consensus Estimate of 23 cents and also soared 60% on a year-over-year basis.

The company's revenues grossed $988 million, up 17.3% from the year-ago period. The top line was better than the guided range of $940-$960 million and also outpaced the Zacks Consensus Estimate of $953 million.

Intuit adopted new revenue recognition standards, ASC 606, beginning the first quarter of fiscal 2019.

Under ASC 606, the company expects revenues within $955-$975 million. The Consensus Estimate for the metric is at $969.2 million, which is 9.39% higher than the figure reported in the prior-year quarter.

The company anticipates non-GAAP earnings in the band of 9-11 cents per share. The Consensus Estimate for the same stands at 11 cents, flat with the year-earlier quarter's number.

Benefiting factors…..

  • Intuit is benefiting from solid growth in subscriber base of QuickBooks Online, which is driving its Small Business & Self-Employed segment, the major revenue contributor.
  • The Consensus Estimate for Quickbook's Online subscriber base during the fiscal first quarter is projected at 3.558 million, marking a 40% year-over-year improvement. The year-over-year increase in online subscriber base will continue to drive revenues for the stock.
  • The Consensus Estimate for Small Business & Self-Employed segment in the fiscal first quarter is expected at $858 million, which is 24% higher than the figure recorded in the comparable quarter last year.
  • As well, the company's Consumer Tax segment revenues have been benefiting from a strong adoption of its Turbo Tax products. Intuit's steady focus on bringing in innovative and easy-to-use TurboTax products for different users has helped it win customers.

……..Read the rest of the report to see what options trades we are considering......

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DON'T MISS OUT - MORE TO COME!

Don’t miss out – check out further options trades recommended for the week ahead by becoming a member of Stock Options Made Easy “Earnings Predictions”.

An Important Note: That these suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.

It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented.

GETTING OUT WHILST THE GOING IS GOOD!

GREED CAN BE THE UNDOING OF A GOOD PROFIT!

If you wish to receive more options trading recommendations similar to this, which will help boost your portfolio strategy, check out the other  memberships available at Stock Options Made Easy.

When To Exit A Trade Based On Earnings?.....

It is also worth considering, when options trading earnings reports – “Do we exit on already existing profits or leave the companies to report their earnings and hope for bigger profit?” 

As most traders realize, there is a 50/50 chance that the company stock price could go either way after reporting earnings – even if the report is good, the stock price could reverse – and if you hold a call option, means depletion of an already good profit if it exists. A similar situation can be found if you hold a put option, and a report is not that sound (and you expect a profit from this) but the stock price can, at times move upwards due to traders bias or other external conditions......READ MORE.....

The Decision Is Yours!

Before You Trade Consider This Strategy……

"Trading Capital Management" is a key component of your trading strategy. The strategy, on which we base our trades to achieve maximum profit, and to minimize loss, is contingent on using an equal amount of money for each trade.

……continue reading this article……


”Success is simple. Do what's right, the right way, at the right time.”

Option Tip for your Success!

Options traders are not successful because they win.

Options traders win because they are successful.


Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


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”Success is simple. Do what's right, the right way, at the right time.”


Option Tip for your Success!
Options traders are not successful because they win.
Options traders win because they are successful.



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