Great earnings beat this morning!
Q2 GAAP EPS of $2.04 vs $1.90 estimate (+55.73% YoY)
Revenue of $2.14Bn vs estimate of $1.86Bn (+28.1% YoY)
Increases buyback by $1.5Bn (3% of marketcap)
Increases dividend by 28%
Raises EPS and Revenue guidance by 28% and 15% respectively.
Targeting the gap fill up to $210 which is the 0.786 retracement
$221.48 is my breakout level (give or take).
We need a close above this with mega volume and we fly to $226, $232 in minutes.
Many, many, many struggles with $220 over the past 6 months
"The bigger the base, the bigger the breakout!"