Williams-Sonoma, Inc. (NYSE: NYSE:WSM ) has announced significant moves aimed at enhancing shareholder value, including a substantial increase in its quarterly dividend and the authorization of a new $1 billion stock repurchase program. These strategic decisions underscore the company's confidence in its financial strength and commitment to delivering returns to...
WSM made a PEG last earnings, and is currently flagging nicely. Wicked down to touch the 20 EMA and now looks primed to make a run up to the ATH from November 2021 at $223.
Apart from being one of the best Companies in regard to Return on Capital and Earnings Yield, WSM is now breaking out to new 52 Week Highs. 200, 50 and 20DMA as well as the AVWAP from the ATH are now below the current price, so there wont be much selling pressure overhead.
I am very excited for this Stock.
Despite the recent poor environment, WSM held onto its 13.5% earnings gain before rocketing off Monday morning on news that a private equity firm has taken a 5% stake in the company. Saw the news after the fact... what I did see was a relatively strong stock breaking out of a narrow consolidation at the top of a deep bottoming base on massive volume. It ended up...
NYSE:WSM broke out of this consolidation area this morning on big volume. With just over an hour into the trading day it's traded about 1.9mm shares and it's 10 day average is 1.1mm shares. At this run rate it should trade 8 - 9mm shares before the day is done (TBD).
I took a position and placed my stop just under the area of previous resistance. Let's see what...
WSM is in a similar position as it was in beginning Feb 2023. Stock fell from the same level (high of approx. 145) to a low of about 125. Unlike in Feb 2023 when the stock bounced to 130 before falling again, this time, it has again reached the high of 145.
A cup and handle formation along with a bullish pennant seem bullish. However, the neckline of the large W...
Some would measure the ide end of the triangle and project it from the top or bottom lines.
Top line is virtually flat in an ascending triangle.
The bottom line slopes up making higher lows.
No recommendation/the top line is easier to project in this triangle as it is flat and targets are guesstimated from the break up level.
The bottom lie is a bit more...
Earnings miss, not by much but it is what it is.
The pole is Down. This can break up or down and is neutral until broken.
A flag is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines. This would be a Bear Pennant as the pole is Down, but until...
Earnings beat and I am not sure of guidance.
It seems that WSM was doomed no matter what they reported.
Price was above the bands set on an 80 DMA. Not anymore.
Crooked W and the last leg terminated at just above the 1.113. But it is an ugly and long top wick that pierced the 1.113.
Almost a text book Alternate Bat.
The "regular" bat terminates at the...
Combatting factors at play here:
Technicals = potential inverse head and shoulders... but we only made it just above the 0.382 fib
Fundamentals = housing (and thus buying things from WSM for your new house) are having a bad time
We should know in a few days which way this might trend.
With now PS at 1.2 and PE at 9.5, and with both revenues and net income...
chances are we see a rejection here and then continues to the downside. about 50 points of downside to attack with the upside being limited due to lack of momentum
With remote work on the increase, people are upgrading their home furniture and living conditions more than ever before.
A company like Williams-Sonoma will feel the benefit of this changing trend in living styles.
Increased demand should allow furniture retailers to counter-act rising material costs by raising prices.
Adding to this point, the housing market...
For short term traders, the volatility and unpredictable reaction to an earnings release during the reporting session often means potentially wide swings in profits or losses.
On this basis, one may be hesitant in holding an ultra short term/short term position through an announcement.
In two of my most recent offshore ideas, Salesforce.com and...
