Valhalla’s Most Anticipated Earnings / August 15th 2022

Research & Analysis Earnings
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VALHALLA EARNINGS august 15th
VALHALLA EARNINGS august 15th1920×1357 270 KB

[color=#d4a218]Tencent Music Entertainment Group, ($TME)[/color]
Tencent Music Entertainment Group, ($TME) is confirmed to report earnings at approximately 4:05 PM EST on Monday 15th. The consensus estimate by the Earnings Whisper is for $0.06 per share on a revenue of $1.02 billion. TME reported 1st Quarter March 2022 earnings of $0.07 per share on revenue of $1.0 billion. Revenue fell 11.9% compared to the same quarter a year ago. Investor sentiment going into the company’s earnings release has 50% expecting an earnings beat. Short interest is considered to be healthy with 3.87% of the float being sold short. The stock has drifted higher by 7.57% from its open following the earnings release. Option traders are pricing in a 9.5% move on earnings.

[color=#d4a218]Walmart Inc., ($WMT)[/color]
Walmart Inc., ($WMT) is confirmed to report earnings at approximately 7:00 AM EST on Tuesday 16th. The consensus estimate by the Earnings Whisper is for $1.60 per share on a revenue of $150.51 billion. WMT reported 1st Quarter April 2022 earnings of $1.30 per share on revenue of $141.6 billion. Revenue grew 2.4% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 11% expecting an earnings beat. Short interest is considered to be healthy with 0.95% of the float being sold short. The stock has drifted lower by 13.61% from its open following the earnings release. Option traders are pricing in a 4.4% move on earnings.

[color=#d4a218]Home Depot, Inc., ($HD)[/color]
Home Depot, Inc., ($HD) is confirmed to report earnings at approximately 6:00 AM EST on Tuesday 16th. The consensus estimate by the Earnings Whisper is for $4.95 per share on a revenue of $43.38 billion. HD reported 1st Quarter April 2022 earnings of $4.09 per share on revenue of $38.9 billion. Revenue grew 3.8% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 62% expecting an earnings beat. Short interest is considered to be healthy with 0.76% of the float being sold short. The stock has drifted higher by 6.82% from its open following the earnings release. Option traders are pricing in a 4.5% move on earnings.

[color=#d4a218]Lowe’s Companies, Inc., ($LOW)[/color]
Lowe’s Companies, Inc., ($LOW) is confirmed to report earnings at approximately 6:00 AM EST on Wednesday 17th. The consensus estimate by the Earnings Whisper is for $4.64 per share on a revenue of $28.26 B. LOW reported 1st Quarter April 2022 earnings of $3.51 per share on revenue of $23.7 billion. Revenue fell 3.1% compared to the same quarter a year ago. Investor sentiment going into the company’s earnings release has 50% expecting an earnings beat. Short interest is considered to be healthy with 1.94% of the float being sold short. The stock has drifted higher by 1.60% from its open following the earnings release. Option traders are pricing in a 6.0% move on earnings.

[color=#d4a218]Target Corp., ($TGT)[/color]
Target Corp., ($TGT) is confirmed to report earnings at approximately 6:30 AM EST on Wednesday 17th. The consensus estimate by the Earnings Whisper is for $0.71 per share on a revenue of $26.08 billion. TGT reported 1st Quarter April 2022 earnings of $2.19 per share on revenue of $25.2 billion. Revenue grew 4.0% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 29% expecting an earnings beat. Short interest is considered to be healthy with 1.54% of the float being sold short. The stock has drifted lower by 21.13% from its open following the earnings release. Option traders are pricing in a 8.7% move on earnings.

[color=#d4a218]ZIM Integrated Shipping Services Ltd., ($ZIM)[/color]
ZIM Integrated Shipping Services Ltd., ($ZIM) is confirmed to report earnings at approximately 7:00 AM EST on Wednesday 17th. The consensus estimate by the Earnings Whisper is for $12.16 per share on a revenue of $3.62 billion. ZIM reported 1st Quarter March 2022 earnings of $14.19 per share on revenue of $3.7 billion. Revenue grew 113.1% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 77% expecting an earnings beat. Short interest is considered to be unhealthy with 13.21% of the float being sold short. The stock has drifted lower by 13.90% from its open following the earnings release. Option traders are pricing in a 9.3% move on earnings.

[color=#d4a218]Cisco Systems, Inc., ($CSCO)[/color]
Cisco Systems, Inc., ($CSCO) is confirmed to report earnings at approximately 4:05 PM EST on Wednesday 17th. The consensus estimate by the Earnings Whisper is for $0.73 per share on a revenue of $12.73 billion. CSCO reported 3rd Quarter April 2022 earnings of $0.87 per share on revenue of $12.8 billion. Revenue grew 0.2% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 42% expecting an earnings beat. Short interest is considered to be healthy with 0.91% of the float being sold short. The stock has drifted lower by 7.35% from its open following the earnings release. Option traders are pricing in a 6.0% move on earnings.

[color=#d4a218]Bath & Body Works, Inc., ($BBWI)[/color]
Bath & Body Works, Inc., ($BBWI) is confirmed to report earnings at approximately 4:15 PM EST on Wednesday 17th. The consensus estimate by the Earnings Whisper is for $0.41 per share on a revenue of $1.58 billion. BBWI reported 1st Quarter April 2022 earnings of $0.64 per share on revenue of $1.4 billion. The Earnings Whisper number was $0.54 per share. Investor sentiment going into the company’s earnings release has 7% expecting an earnings beat. Short interest is considered to be healthy with 6.64% of the float being sold short. The stock has drifted lower by 24.52% from its open following the earnings release. Option traders are pricing in a 10.1% move on earnings.

[color=#d4a218]Deere & Company, ($DE)[/color]
Deere & Company, ($DE) is confirmed to report earnings at approximately 6:45 AM EST on Friday 19th. The consensus estimate by the Earnings Whisper is for $6.59 per share on a revenue of $12.93 billion. DE reported 2nd Quarter April 2022 earnings of $6.81 per share on revenue of $13.4 billion. Revenue grew 10.9% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 50% expecting an earnings beat. Short interest is considered to be healthy with 1.05% of the float being sold short. The stock has drifted lower by 5.78% from its open following the earnings release. Option traders are pricing in a 5.8% move on earnings.

[color=#d4a218]Foot Locker, Inc., ($FL)[/color]
Foot Locker, Inc., ($FL) is confirmed to report earnings at approximately 6:45 AM EST on Friday 19th. The consensus estimate by the Earnings Whisper is for $0.85 per share on a revenue of $2.08 billion. FL reported 1st Quarter April 2022 earnings of $1.72 per share on revenue of $2.2 billion. Revenue grew 1.0% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 64% expecting an earnings beat. Short interest is considered to be unhealthy with 15.46% of the float being sold short. The stock has drifted higher by 9.74% from its open following the earnings release. Option traders are pricing in a 12.5% move on earnings.

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damn i forgot these are all here already. @TheMadBeaker @jjcox82 we need to move those recent posts here this am.

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[TheMadBeaker]
So for the stocks with earnings in the morning, here are the ones worth watching and the expected move according to options.ai
Once they are published we’ll try to discuss in TF and/or VC before open to see which we think have potential and formulate a game plan.
Updated with earnings data:

Ticker Expected Move EPS Revenue Guidance
KSS 8.60% 1.11 v 1.08 4.09B v 3.85B DOWN
BJ 6.30% 1.06 v 0.82 5.10B v 4.56B UP
CSIQ 5.80% 1.07 v 0.70 2.31B v 2.23B UP
NTES 4.40% 1.05 v 0.94 3.46B ?
SPTN 9.10% 0.66 v 0.58 ? ?
TPR 6.20% 0.78 v 0.78 1.62B v 1.64B DOWN
EL 4.40% -0.20 2.18M ?
NICE 3.70% 1.86 v 1.79 530.58M v 523.60M NEUTRAL
MSGS 2.80% 1.11 v -0.31 175.2M v 93.5M ?
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Ok so far the top ones being looked at are KSS for puts and BJ for calls.
KSS - Puts Support at 24.50/30, Resistance 32 now, 35/(40 bigger area)/45. Concern is its already near its lows or close to and is down 7% now. Entry- Might need to wait for a push up closer to 32 or 33 before trying puts and wait 10-20 min and see if IV cools down from the algo drop this am.

BJ - Calls support 70/71/73, resistance 74.10/75 then unknown because its already at all time high. I would think no higher than 75-78, priced in? I would like to see a call entry closer to 73 and closely see how market is doing.

Each of these I am not really confident and entry point will matter a lot with them today.

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I like BJ (no pun) but thinking you could also ride some tailwinds off COST today which is only up .19% right now?

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So far puts on KSS worked well but had to have good entry at those areas 32.50 and 33. BJ I didn’t play because it was up so much but called out that 73 bounce and 74 could have worked. The winner was COST on sympathy movement because similar business. Done for the day. Will look for next play or continue on these for tomorrow.

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What an amazing day and ty to @TheMadBeaker for posting the table that I used to then look at support and entries etc. Had 100% on first COST entry and about 40-50% on the 2nd entry. If you bought in anytime on COST today around support, because of BJ running, then you are doing well. The last play was buying puts after KSS stopped being dumb. That 32/33 area we posted and they ran about 40%-50%. So we don’t need to scalp SPY and averaged 50% to 100% on these three plays. I am fully torqued now on these types of plays but also market is allowing us to do this. Just always need to watch news and SPY etc. Congrats all.

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So far still watching COST,KSS,BJ tomorrow, but now have eyes on BILL and INTU. Will update more tonight and in am.

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Hello there…looking towards next week, may play $NVDA. Earnings 8/24 AH. Similar to TGT they came out front prior to ER and dropped preliminary numbers at the end of July to soften the blow. However CHIPs passage could impact that.

Would look toward playing up to ER depending on conditions tomorrow but figured I would throw out to the team on thoughts…

I’m currently holding a bunch of $SOXL shares and a put for Sept to help if we see a drop. Given At least 7% of SOXL is made up of NVDA.

https://www.nasdaq.com/articles/wall-street-continues-to-be-optimistic-on-nvidia-stock-heres-why

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FL had a 37% EPS beat and announced a new CEO up pretty substantially premarket already. Going to watch this.

DE missed on EPS but beat on Revenue demand is strong sales were strong. I’m going to watch this one premarket as it got rocked by algos and has started to rebound. If market climbs at all this could be a player to come back up

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Still watching BILL but it is up so much. Would like entry around 168 to 173 for calls, seeing 180 ish resistance.

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Yeah this morning could be tricky with the market down some already.

KSS is down another 1%. INTU, COST, BJ have no overnight volume…

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Also CAT could get some sympathy movement of DE which ever way it decides to go. Similar to JBs COST play yesterday

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Maybe this is the play, 193 or 195 rejection on CAT.

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BILL bounced off that 173 I mentioned in pre market.

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Historically DE establishes the trend for the day during the conference call at 10:00. This trend usually continues for 2 or 3 days. Good luck

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Khols puts from yesterday looking good. No harm in taking profit at market open or let it ride. However this decent drop can be great to close out the play. Should be up 30% to 75% if you entered off callouts

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Watching BILL, however it is already up 16%. 173 or 170ish area might be a good bounce if you try calls. Watch how market/SPY react and see if it diverges from that. A good sign it has strength is if market or SPY goes down, but it still trends up. That makes this a safer play if that trends like that. DE(Deere) dropped on bad earnings but is tracking up from 345 support, but 355 &360 resistance. CAT could be a sympathy play for puts if it looses that 193 support or gets rejected at 194 but safer 195 rejection. FL had decent earnings but is already up 23% and I see 40 &42 as the resistance, 36 & 34 support (premarket support 38). Not sure yet what I am going to play but some info for now. Depends on how market opens I think then we see how these trend.

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Bill had very strong bounce off the 168 and 170 area, resistance at 176 and 178. This play paid about 200% to 400% depending upon your entry. Lock in that profit.

CAT and DE actually look strong. Market must have liked that earnings call at 10am for DE.

KSS at area support and I am done with KSS for now.

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