Earnings watch 5/18

Earnings watch 5/18:
EDRY
ADI
ZIM
CPRT
CSCO
CL
LOW
TJX
TGT
BBWI

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comment:

TGT -$30 in pre

Comment:

TGT -$40 now wow. That's why I always put an otm strangle position going into earnings. You never know the market's earnings response.

Comment:

Target Misses. (TGT) reported Q1 April 2022 earnings of $2.19 per share on revenue of $25.2 billion. The consensus earnings estimate was $3.00 per share on revenue of $24.4 billion.

Comment:

TGT -$50 now

Comment:

Analog Devices Beats! (ADI) reported Q2 April 2022 earnings of $2.40 per share on revenue of $3.0 billion. The consensus earnings estimate was $2.12 per share on revenue of $2.8 billion. Revenue grew 78.9% on a year-over-year basis.

The company said it expects third quarter earnings of $2.32 to $252 per share on revenue of $2.95 billion to $3.15 billion. The current consensus earnings estimate is $2.18 per share on revenue of $2.89 billion for the quarter ending July 31, 2022.

Comment:

TGT 1hr ext chart no indicators:

Comment:

TGT $190 put 5/20 was only $75 yesterday and could open at $3000

Comment:

Looks like Wallstreet shorted TGT with a collar strategy into earnings and sitting on hands on the bid side because sell volume on the ask side was not above average.

Comment:

TGT back to October 2020 stock price when November 2020 earnings were 22.63B revenue & EPS 2.79 so this price action does make logical sense.

Comment:

Too early for a TGT calendar strangle hedge idea? lol
buy $160 put 5/20 expiry
buy $170call 5/27 expiry

Comment:

CSCO down -13%. Cisco Systems Reports In-line. (CSCO) reported Q3 April 2022 earnings of $0.87 per share on revenue of $12.8 billion. The consensus earnings estimate was $0.86 per share on revenue of $13.3 billion. Revenue grew 0.2% on a year-over-year basis.

The company said it expects fourth quarter non-GAAP earnings of $0.76 to $0.84 per share on revenue of $12.41 billion to $13.00 billion. The current consensus earnings estimate is $0.93 per share on revenue of $13.89 billion for the quarter ending July 31, 2022.