by Ian Harvey
September 08, 2019
The Past Week…..
The stock market forecast was positive for last week, posting back-to-back weekly gains on optimism around U.S.-China trade relations.
For the week, the Dow and S&P 500 both gained at least 1.5% while the Nasdaq climbed 1.8%. Those gains came amid hopes that the world’s two largest economies could soon make substantial progress in de-escalating their protracted trade dispute.
Earnings Predictions Winners….
Our “Earnings Predictions” members enjoyed a profitable week as can be seen in the chart below…..
EARNINGS PREDICTIONS RESULTS FOR LAST WEEK
|DATE||TRADE||EXITING BEFORE EARNINGS||GAIN/LOSS|
|September 03, 2019||COUP SEP 20 2019 140.000 CALL||N/A||189% P.P.|
|September 04, 2019||AEO JAN 17 2020 17.000 PUT||N/A||73% P.P.|
|September 04, 2019||PANW SEP 20 2019 210.000 CALL||14% P.P.||110% P.P.|
|September 04, 2019||CLDR JAN 17 2020 7.500 CALL||28% P.P.||127% P.P.|
|September 05, 2019||CRWD SEP 20 2019 85.000 CALL||67% P.P.||-59%|
|September 05, 2019||ZM SEP 20 2019 95.000 CALL||40% P.P.||6% P.P.|
Zoom Video Communications Inc (NASDAQ: ZM) and cybersecurity firm Crowdstrike Holdings Inc (NASDAQ: CRWD), late Thursday, reported second-quarter earnings and revenue that topped expectations. Both companies issued guidance above analyst estimates.
so, CrowdStrike stock fell 12.5% to close at 75.98 on the stock market today.
Zoom Video stock retreated 7.9% to 85.41.
For Q2, analysts had predicted CrowdStrike would lose $0.23 per share (pro forma) on sales of $103.8 million. Instead, management reported a loss of "only" $0.18 per share -- and sales of $108.1 million.
Sales nearly doubled year over year and were up 94%.
Video-communications software provider Zoom Video’s revenue nearly doubled and earnings rocketed higher as the company continued to add new customers at a blistering pace. Zoom's guidance calls for more growth ahead, although the lofty stock price remains a risk for investors.
Based on our stock market forecast last week California-based Coupa Software Inc (NASDAQ: COUP), specialty retailer American Eagle Outfitters (NYSE:AEO), cyber-security company Palo Alto Networks Inc. (NYSE:PANW) and provider of enterprise data management solutions Cloudera Inc (NYSE: CLDR) presented great profits for members. Read what happened here…..
If you wish to part of this action CLICK HERE.
The Stock Market Forecast for the Coming Week…..
The stock market forecast suggests that stocks will look to build on their strong recent momentum and reclaim their record highs in the coming week amid a great deal of economic data while trade war fears decrease.
The stock market forecast that these factors will see more upward movement in the market ahead. Such as…..
Stock Market Calendar for the Week Ahead
Stock Market Forecast for Earnings
Action to Take Based on the Stock Market Forecast…..
As I wrote in an earlier article, which should ring true for stock market expectations in September, despite the past history as discussed above…..
“I believe there is still plenty of upward movement in the stock market, with lots of volatility thrown in - “The Bull Rally Continues?” – as there are still plenty of driving factors such as better-than-expected earnings reported in sectors that help drive the economy, the trade tensions may ease and eventually be worked out, the Fed’s recent rate cut will help the housing market, world conflicts become less and the economy will continue to be okay. Obviously, there is always the unforeseen situation where a “black swan” raises its feathers, but for now there are still plenty of positives to profit from going forward.
So for Stock Options Made Easy, and its members, we tend to play our own game, not to be “sheep-to-the-slaughter”, and continue to profit!”
To get more overall investment insights,
earnings predictions for the week ahead, and profitable trades provided to
members in real time, join us at Stock Options Made Easy today!