by Ian Harvey
November 19, 2019
These are the results for earnings predictions for selected
companies last week.
“Earnings Predictions” members made potential
profits of 448%.
For the more cautious trader, by exiting before
the earnings report, a potential profit of 211%.
EARNINGS PREDICTIONS RESULTS FOR WEEK BEGINNING NOVEMBER 11, 2019
|DATE||TRADE||EXITING BEFORE EARNINGS||GAIN/LOSS AFTER EARNINGS|
|November 12, 2019||OSTK DEC 20 2019 10.000 PUT||12% P.P.||64% P.P.|
|November 13, 2019||CSCO DEC 20 2019 50.000 CALL||71% P.P.||-90%|
|November 14, 2019||WMT DEC 20 2019 120.000 CALL||50% P.P.||182% P.P.|
|November 14, 2019||AMAT DEC 20 2019 57.500 CALL||44% P.P.||289% P.P.|
|November 12, 2019||NVDA DEC 20 2019 215.000 CALL||34% P.P.||3% P.P.|
Overstock.com reported earnings on Tuesday, November 12, and
shares plummeted with the stock dropping to its lowest level in more than seven
years as it extended its longest streak of losses. Earnings missed expectations
with a 21% drop in revenue.
Read more from the article “Overstock.com Earnings Down Again!”
Cisco Systems reported earnings and revenue for the first quarter of fiscal 2020 that topped estimates, but the company's outlook fell short of Wall Street targets. The Cisco earnings news sent shares in the computer networking giant tumbling on Thursday.
Cisco late Wednesday said adjusted earnings were 84 cents a share, with revenue rising 2% to $13.2 billion. A year earlier, Cisco earnings were 75 cents a share on sales of $13.07 billion.
Analysts expected Cisco earnings of 81 cents on sales of $13.09 billion for the period ended Oct. 31.
For the current October quarter, Cisco said it expects adjusted earnings of 76 cents. The company said it expects revenue to fall in a range of 3% to 5% from a year earlier. Analysts estimated earnings of 79 cents a share on sales of $12.77 billion, about 2.5% sales growth.
Cisco stock fell 7.3% to close at 44.91 on the day.
YOU NEED TO BE IN TO PROFIT!
Walmart WMT spread optimism in the retail space by reporting robust third-quarter fiscal 2020 results. The mega retailer topped earnings estimates but fell shy of the consensus mark for revenues. Additionally, the company raised full-year forecast.
Earnings per share came in at $1.16, beating the Consensus Estimate by 7 cents. Also, the bottom line increased from the year-ago figure of $1.08. Revenues inched up 2.5% year over year to $128 billion but fell short of the estimated $129 billion. U.S. same-store sales grew 3.2% in the quarter. E-commerce sales jumped 41% driven by strong growth in online grocery.
Following the release, shares of WMT jumped as much as 3.6% on the day to hit new high of $125.38 but fell 0.3% at the end of the trading session. The stock also crushed its average daily volume figures as nearly 22.25 million shares moved hands compared with 5.3 million on average.
Applied Materials stock soared Friday after the
semiconductor equipment maker reported better-than-expected results for its
fiscal fourth quarter. The positive news drove shares of industry peers higher
The Santa Clara, Calif.-based company late Thursday said it
has seen a "healthy uptick in demand
for semiconductor equipment." The Applied Materials earnings report is
the latest sign that the chip gear segment is emerging from a downturn in the
Applied Materials earned an adjusted 80 cents a share on
sales of $3.75 billion in the quarter ended Oct. 27. Analysts expected earnings
of 76 cents a share on sales of $3.68 billion. On a year-over-year basis,
earnings fell 6% while sales were roughly flat.
On the stock market Friday, Applied Materials stock jumped
9% to 62.06. In intraday trading, it notched a record high of 62.92.
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Nvidia shares opened nearly flat on Friday despite the
company reporting better-than-expected earnings on Thursday after the close of
NVIDIA reported third-quarter fiscal 2020 non-GAAP earnings
of $1.78 per share that beat the Consensus Estimate by 13.4% but declined 3.3%
year over year. However, the bottom line surged 43.5% sequentially.
Revenues of $3.01 billion beat the consensus mark by 3.9%
but declined 5.2% year over year. However, the top line rose 16.9%
However, of the 40 analysts who cover Nvidia, 29 have buy or
overweight ratings, eight have hold ratings and three have sell or underweight
ratings. Of those, 23 analysts raised their price targets, raising the average
price target to $224.89 up from a previous target of $203.53.
And then NVIDIA rose by 3.07% to trade at $210.38 by 10:41 on Monday on the NASDAQ exchange.
What Now after Earnings Predictions.....?
Also, read the article “Exiting Options Trades BEFORE or AFTER Earnings Reports Comparison!”
What will “Stock Options Made Easy” advise members to do?
What companies will be featured in next week's Earnings Predictions?
AS ALWAYS THE DECISION IS YOURS!
An Important Note: That any 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. GREED can be the undoing of a nice profit!