Loews To Report Earnings On Monday

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Loews Corporation (L) is a holding company. The company’s subsidiaries are engaged in commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, exploration, production and marketing of natural gas and oil (including condensate and natural gas liquids), interstate transportation and storage of natural gas and operation of hotels. L is currently trading around $43.41 in a 52 week range of $39.38 – 49.05. The company’s stock has been underperforming the NASDAQ this year with shares decreasing 10.02% year to date, however shares have traded up 3% in the last 3 months.

Loews is set to issue its Q3 earnings data on Monday, November 3rd. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Loews in a research note on Wednesday, October 15th. They now have a $50.00 price target on the stock. On a related note, analysts at Zack’s upgraded shares of Loews from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 4th. They now have a $46.00 price target on the stock.

Looking at the company’s earnings history, L has traded neutral 3 of the last 8 quarters. On average, the stock has moved about 1.5% in the last 8 quarters as a result of earnings releases. This neutral activity might indicate that L will not fluctuate much in price, yet since shares have traded lower this year, there might be some selling pressure after the company reports earnings. This earnings season, market makers are implying about a +-  5.8% move in the stock for the November monthly option chain, which is over 3 weeks away. L is currently trading neutral in the Ichimoku Cloud on the daily chart, oscillating in and out of the cloud for a few months.

LNKD Reports Earnings Today After the Bell

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LinkedIn Corporation (LinkedIn), is a professional network on the Internet with approximately 277 million members in over 200 countries and territories. LNKD is currently trading around $196.48 in a 52 week range of $136.02 – 242.70. The company’s stock has been underperforming the NASDAQ this year with shares decreasing 9.35% year to date. Shares have traded up 4.93% in the last 3 months.

LinkedIn is scheduled to be posting its Q314 quarterly earnings results at 5PM EDT on Thursday, October 30th. Analysts expect LinkedIn Corp to post earnings of $0.47 per share and company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% year-over-year to $557.49 million. Revenue guidance is currently a range of $2.14 billion to $2.15 billion. Analysts expect 3it to increase to $2.18 billion.

Looking at the company’s earnings history, LNKD has rallied 3 of the last 8 quarters. On average, the stock has moved about 10.1% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  8.8% move in the stock for the October 31 option chain. LNKD is currently trading neutral in the Ichimoku Cloud on the daily chart.

CRUS to Report Earnings After the Bell

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Cirrus Logic, Inc. (Cirrus Logic) develops analog and mixed-signal integrated circuits (IC) for a broad range of consumer and industrial markets. Building on its diverse analog mixed-signal patent portfolio, Cirrus Logic delivers optimized products for consumer and professional audio, automotive entertainment, and targeted industrial applications, including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. CRUS is currently trading around $21.80 in a 52 week range of $24.50 – 35.50. The company’s stock has been underperforming the NASDAQ this year with shares decreasing 6.44% year to date. Shares have traded up .88% in the last month.

Cirrus will announce earnings today after the market closes. Analyst consensus estimates for Cirrus’ current quarter call for $187.52 million in revenue and about $0.54 in earnings per share. Cirrus Logic generates a significant portion (approximately 80%) of its revenues from Apple. There is a good chance that the company will benefit from higher adoption of Apple’s products, especially from strong iPhone sales.

Looking at the company’s earnings history, CRUS has rallied 3 of the last 8 quarters. On average, the stock has moved about 8.8% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  8.5% move in the stock for the October 31 option chain. CRUS has been trading below the Ichimoku Cloud since the beginning of September.

MAR To Release Earnings Tomorrow After the Close

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Marriott International, Inc. is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories. MAR is currently trading around $71.07 in a 52 week range of $43.77 – 73.28. The company’s stock has been outperforming the market this year with shares increasing 44.17% year to date. Shares have traded flat in the last month, recently climbing back near 52 week highs.

Marriott International is scheduled to be releasing its Q314 earnings data on Tuesday, October 28th. Analysts expect Marriott International to post revenue of $3.43 billion for the quarter. Zacks Consensus Estimate expects earnings per share to be in the range of 59 cents to 63 cents per share in the third quarter, up from the year-ago figure of 52 cents per share. Looking at the company’s earnings history, MAR has rallied 4 of the last 8 quarters. On average, the stock has moved about 1.1% in the last 5 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  5.4% move in the stock for the October 31 option chain.

Can FB Avoid TWTR’s Missteps to Rally On Earnings?

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Facebook (Nasdaq: FB, 80.77) is scheduled to report earnings after Tuesday’s closing bell. FB share are up over 26% year to date, with one market commentator saying ‘I’ve never seen a stock want to get to $100 so badly as FB.’ There’s also the much talked about ’80-120 rule,’ which says in a bull market stocks that hit $80 tend to hit $100, and stocks that make it to $100 tend to rally to $120.

Facebook has traded in a 52-week range of $43.55-$81.16, having made a new all-time high earlier in the Tuesday morning session. The FB Oct Weekly 81 Straddle is priced around $5.75, implying a move of about 7.3%. Historically Facebook is strong on earnings – the stock has rallied 3 of the past 4 and 6 of the past 8 quarters. FB stock’s mean move on earnings is 9.7%, more than implied by this week’s straddle.

While some might be wary of social media stocks following Twitter’s earnings, Facebook is a much stronger performer and management will avoid the pitfalls that have plagued their younger cousin. User numbers and monetization of mobile is key, and Facebook has a history of success in both these areas.

My Trade:

Sell the 80-79 Put Spread for $0.45

Risk: $55 Per 1 Lot
Reward: $45 Per 1 Lot
Break-even (at expiration): $79.55

T-Mobile Announces Earnings After the Close

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T-Mobile US, Inc. provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the United States, Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services.  TMUS is currently trading around $27.75 in a 52 week range of $24.50 – 35.50. The company’s stock has been underperforming the market this year with shares decreasing 17.48% year to date. Shares have traded down 3.94% in the last month.

T-Mobile will announce earnings today after the market closes. In the second quarter of 2014, T-Mobile posted revenues of $7.185 billion, 2.06% higher than the consensus estimate of $7.04 billion. It reported adjusted EPS of $0.48, 416% higher than the estimates because of a one-time charge for a noncash gain. This quarter, analysts expect the company to post revenues of $7.47 billion, a 15.7% YoY growth. Adjusted EPS is expected to be $0.048, up from a loss per share of $0.05 in the previous year. In the past eight quarters, T-Mobile has beat revenues estimates five times, and adjusted EPS estimates four times.

Looking at the company’s earnings history, TMUS has rallied 3 of the last 5 quarters. On average, the stock has moved about 5% in the last 5 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  6% move in the stock for the October 31 option chain. Coach has been trading below the Ichimoku Cloud since the beginning of August.

COH Reports Earnings Tomorrow Before The Open

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Coach, Inc. (Coach) is a marketer of accessories and gifts for women and men. The company offers a range of modern, fashionable handbags and accessories. Its product offerings include women’s and men’s bags, accessories, footwear, wearables, jewelry, travel bags, sunwear, watches and fragrance. COH is currently trading around $35.62 in a 52 week range of $33.39 – 57.95. The company’s stock has been underperforming the market this year with shares decreasing 36.45% year to date. Shares have traded down 1.82% in the last month, as the stock hovers around its 52 week low.

Wall Street analysts are on average forecasting $1.01 billion in revenues during the first quarter of fiscal 2015, this would represent a decline of 12% versus $1.15 billion in the same period last year. Analysts are forecasting earnings per share of $0.45 during the quarter, a big decline versus $0.77 per share in the same period last year. This suggests that analysts have very recently bumped up their estimates for COH, giving the stock a Zacks Earnings ESP of 6.67% heading into earnings season.

Looking at the company’s earnings history, COH has rallied 3 of the last 8 quarters. On average, the stock has moved about 7.9% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  7.4% move in the stock for the October 31 option chain. Coach has been trading below the Ichimoku Cloud since January.

BWLD Reports Earnings Next Week

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Buffalo Wild Wings, Inc (BWLD) owns, operates and franchises restaurants offering customers a variety of food and beverage items at nearly 1000 locations in the U.S. The company’s stock is currently trading around $133.90 in a 52 week range of $120.82-$167.64. The stock hasn’t been doing well this year with shares falling over 9% year to date. The company is set to report earnings next week on Oct 27th after the market close.

The stock has rallied 4 of the past 8 quarters with an average move of 8% on earnings day. Currently the options market is implying a move of $12.65 by November expiration. This represents an implied move of around 9.4%. The stock is looking weak below the cloud but is beginning to show signs of life as the stock rallies above the 9 and 6 period moving averages. With stock looking to consolidate and implied moves over historical averages a short premium non directional trade could possibly work out well here.

Trade: Selling the BWLD 120-135-150 Iron Butterfly for $9.40
Risk: $560 per 1 lot
Reward: $940 per 1 lot
Breakeven: $125.60 and $144.40

UA to Report Earnings Before the Bell Tomorrow

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Under Armour, Inc. (UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.  UA is currently trading around $66.05 in a 52 week range of $38.01 – 73.42. The company’s stock has been outperforming the market this year with shares increasing 51.84% year to date. Shares have traded flat in the last month, down only .29% since Sept 23.

UA is scheduled to report Q3 2014 earnings at 8:30AM EDT tomorrow, Thursday, October 23th. Last earnings season, UA reported $610 million in revenue, a 34 percent increase from the same period in 2013. The company posted a profit of $18 million, or 8 cents per share. For Q3, the company is expected to post profits of 40 cents per share when the company releases its third-quarter earnings Thursday. If analysts’ predictions are on target, the Baltimore sportswear maker will have brought in $925.8 million in revenue for the quarter.

Looking at the company’s earnings history, UA has rallied 5 of the last 8 quarters. On average, the stock has moved about 7.7% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  8.2% move in the stock for the November monthly option chain. Under Armour is trading inside the Ichimoku Cloud, as shares have recently come off of 52 week highs. Based on the neutral chart, and the fact that the stock has just recently sold off of its highs, there is a chance that UA might be overbought at these levels.

The Trade:
Buying the UA Weekly 62-58-54 Put Fly for $.58

Risk: $58 for every 1 lot

Greeks of these Trade:
Delta: Short
Gamma: Long
Theta: Short
Vega: Long

Full Disclosure: I am currently in this trade

DPS To Report Earnings Tomorrow

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Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.  DPS is currently trading around $65.25 in a 52 week range of $45.01 – 65.77. The company’s stock has been outperforming the market this year with shares increasing 33.92% year to date. Shares have traded flat in the last month, down only .3% since Sept 23.

DPS is scheduled to report Q3 2014 earnings at 9:30AM EDT tomorrow, Thursday, October 23th. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.88. The reported EPS for the same quarter last year was $0.88. Last quarter, the company reported $1.06 EPS, beating the Thomson Reuters consensus estimate of $0.90 by $0.16. DPS had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion.

Looking at the company’s earnings history, DPS has rallied 5 of the last 8 quarters. On average, the stock has moved about 3.2% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  6.5% move in the stock for the November monthly option chain. DPS has been trading above the Ichimoku Cloud on the daily chart since February, which indicates strong bullish momentum for the stock.