Stock market earnings Nov. 28 - Dec. 2
Although we have worked our way through the 3rd qtr. earnings season we do still have a small handful of companies due to release their earnings in the week ahead. As I have talked about many times before a few good ways to trade a stock on their earnings report is to wait until they release and then watch the initial reaction to the earnings. Many times the first move up or down will be the trend over the next 10 or 12 weeks, so when we see a stock gap up and trade higher after a report we should not chase it higher but instead allow the first resistance and pull back to happen. This can happen in a matter of hours or over the course of a few days, it is after that first pop higher and pull back that we want to enter the trade when we see the new support level kick in. The same can be said with a gap down where we would allow the first support to happen and then after a rebound attempt a good time to short that name would be after it hits the first resistance after its rally attempt.
We also touched on trading earnings by looking at "others in that industry group" , as many times stocks will rise or fall due to strong or weak earnings by a rival company in the same industry. We will stick with that here today as we look at a small handful of stocks that are due to report earning this week ahead Nov. 28 thru Dec. 2. As always if you have any questions or would like to talk about any of these stocks further , please email me at profit@equitytrader.me
Copart Inc. (NASDAQ) -- (CPRT)
Due to release earnings on Monday 11/28
Expected EPS Growth --- 29% -- 0.58 vs 0.45
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters. Copart remarkets the vehicles through Internet sales utilizing its patented VB(2) technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company currently operates 154 facilities in the United States, Canada and the United Kingdom.
Others in the Auto Parts Group:
LKQX,,AAP,,MNRO,,AZO,,MDS
Tiffany & Co. (NYSE) -- (TIF)
Due to release earnings on Tuesday 11/29
Expected EPS Growth -- 33% -- 0.61 vs 0.46
Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific, Japan and Europe and engages in direct selling through Internet, catalog and business gift operations.
Others in the Retail Jewlery Group:
SIG,,DGSE,,FOSL,,KGJI,,CTHR,,BMJ,,NILE
Beacon Roofing Supply Inc. (NASDAQ) - (BECN)
Due to release earnings on Tuesday 11/29
Expected EPS Growth -- 43% -- 0.53 vs 0.37
Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products, operating 186 branches in 37 states in the United States and across Canada.
Others in the Retail Building Supply Group:
TSCO,,FAST,,GWW,,MSM,,SHW,,TITN,,HD
Ralcorp Holdings Inc. (NYSE) -- (RAH)
Due to release earnings on Tuesday 11/29
Expected EPS Growth -- 10% -- $1.39 vs $1.26
Ralcorp produces Post branded cereals, a variety of private-brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers.
Others in the Packaged Food Group:
THS,,BGS,,UN,,SJM,,SLE,,NSRGY,,LANC,,GIS,,K
Rue21 Inc. (NASDAQ) -- (RUE)
Due to release earnings on Wednesday 11/30
Expected EPS Growth -- 14% -- 0.33 vs 0.29
rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates 756 stores in 46 states.
Others in the Retail Apparel Group:
GCO,,JOSB,,LULU,,BODY,,ROST,,BKE,,GES
Semtech Corp. (NASDAQ) -- (SMTC)
Due to release earnings on Wednesday 11/30
Expected EPS Growth -- (-4%) -- 0.46 vs 0.48
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment.Publicly traded since 1967
Others in the Semi-Conductor Group:
RDA,,MLNX,,SIMO,,SPRD,,CEVA,,AVGO,,NETL
Synopsys Inc. (NASDAQ) -- (SNPS)
Due to release earnings on Wednesday 11/30
Expected EPS Growth -- 15% -- 0.45 vs 0.39
Synopsys, Inc. is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing.
Others in the Computer Software Group:
ANSS,,CDNS,,PMTC,,LAVA,,DASTY,,PDFS,,ADSK
Ulta Salon Cosmetics (NASDAQ) -- (ULTA)
Due to release earnings on Thursday 12/1
Expected EPS Growth -- 65% -- 0.38 vs 0.23
Ulta is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States.
The Company currently operates 442 retail stores across 42 states and also distributes its products through the Company's website.
Others in the Specialty Retail Group:
GNC,,SBH,,PETM,,PERF,,VSI,,BID
PVH Corp. (NYSE) -- (PVH)
Due to release earnings on Thursday 12/1
Expected EPS Growth -- 17% -- $1.81 vs $1.55
PVH Corp., one of the world's largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world's largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co.,
Others in the Clothing - Apparel Group:
UA,,VFC,,RL,,COH,,TRLG,,ZA,,DLA
Barnes & Noble Inc. (NYSE) -- (BKS)
Due to release earnings on Thursday 12/1
Expected EPS Growth -- 115% -- (-0.13) vs 0.02
Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller and a Fortune 500 company, operates 705 bookstores in 50 states. Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of Barnes & Noble, also operates 636 college bookstores serving nearly 4 million students and faculty members at colleges and universities across the United States.
Others in the Retail - Leisure Group:
HIBB,,WINA,,DKS,,GOLF,,BBW,,CAB
Big Lots Inc. (NYSE) -- (BIG)
Due to release earnings on Friday 12/2
Expected EPS Growth -- (-61%) -- 0.09 VS 0.23
Big Lots is North America's largest broadline closeout retailer. The company currently operates over 1,450 BIG LOTS stores in the 48 contiguous United States and 85 LIQUIDATION WORLD and LW stores in Canada.
Others in the Retail Discount & Variety Group:
DG,,DLTR,,FDO,,NDN
That is all for now,
Best Wishes , $$$,, ET.
Equity Trader.me
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