Valhalla’s Most Anticipated Earnings / August 29th 2022

[Ticown]

[color=#d4a218]Best Buy Co., Inc., ($BBY)[/color]
Best Buy Co., Inc., ($BBY) is confirmed to report earnings at approximately 7:00 AM EST on Monday 29th. The consensus estimate by the Earnings Whisper is for $1.36 per share on a revenue of $10.27 billion. BBY reported 1st Quarter April 2022 earnings of $1.57 per share on revenue of $10.6 billion. Revenue fell 8.5% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 18% expecting an earnings beat. Short interest is considered to be unhealthy with 6.00% of the float being sold short. The stock has drifted higher by 6.99% from its open following the earnings release. Option traders are pricing in a 7.8% move on earnings.

[color=#d4a218]Baidu, Inc., ($BIDU)[/color]
Baidu, Inc., ($BIDU) is confirmed to report earnings at approximately 4:30 AM EST on Monday 29th. The consensus estimate by the Earnings Whisper is for $0.83 per share on a revenue of $4.45 billion. BIDU reported 1st Quarter March 2022 earnings of $2.15 per share on revenue of $4.5 billion. Revenue grew 4.4% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 57% expecting an earnings beat. Short interest is considered to be healthy with 2.38% of the float being sold short. The stock has drifted higher by 5.62% from its open following the earnings release. Option traders are pricing in a 7.3% move on earnings.

[color=#d4a218]HP Inc., ($HPQ)[/color]
HP Inc., ($HPQ) is confirmed to report earnings at approximately 4:15 PM EST on Tuesday 30th. The consensus estimate by the Earnings Whisper is for $1.05 per share on a revenue of $15.87 billion. HPQ reported 2nd Quarter April 2022 earnings of $1.08 per share on revenue of $16.5 billion. Revenue grew 3.9% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 52% expecting an earnings beat. Short interest is considered to be healthy with 4.89% of the float being sold short. The stock has drifted lower by 4.71% from its open following the earnings release. Option traders are pricing in a 6.6% move on earnings.

[color=#d4a218]Hewlett Packard Enterprise, ($HPE)[/color]
Hewlett Packard Enterprise, ($HPE) is confirmed to report earnings at approximately 4:05 PM EST on Tuesday 30th. The consensus estimate by the Earnings Whisper is for $0.26 per share on a revenue of $6.97 billion. HPE reported 2nd Quarter April 2022 earnings of $0.39 per share on revenue of $6.7 billion. Revenue grew 0.2% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 36% expecting an earnings beat. Short interest is considered to be healthy with 2.22% of the float being sold short. The stock has drifted lower by 0.69% from its open following the earnings release. Option traders are pricing in a 7.5% move on earnings.

[color=#d4a218]PVH Corp., ($PVH)[/color]
PVH Corp., ($PVH) is confirmed to report earnings at approximately 4:15 PM EST on Tuesday 30th. The consensus estimate by the Earnings Whisper is for $2.00 per share on a revenue of $2.21 billion. PVH reported 1st Quarter April 2022 earnings of $1.94 per share on revenue of $2.1 billion. Revenue grew 2.1% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 56% expecting an earnings beat. Short interest is considered to be healthy with 3.01% of the float being sold short. The stock has drifted lower by 1.33% from its open following the earnings release. Option traders are pricing in a 11.1% move on earnings.

[color=#d4a218]Chewy, Inc., ($CHWY)[/color]
Chewy, Inc., ($CHWY) is confirmed to report earnings at approximately 4:05 PM EST on Tuesday 30th. The consensus estimate by the Earnings Whisper is for ($0.12) per share on a revenue of $2.48 billion. CHWY reported 1st Quarter April 2022 earnings of $0.04 per share on revenue of $2.4 billion. Revenue grew 13.7% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 53% expecting an earnings beat. Short interest is considered to be unhealthy with 24.71% of the float being sold short. The stock has drifted higher by 68.17% from its open following the earnings release. Option traders are pricing in a 13.5% move on earnings.

[color=#d4a218]CrowdStrike, Inc., ($CRWD)[/color]
CrowdStrike, Inc., ($CRWD) is confirmed to report earnings at approximately 4:05 PM EST on Tuesday 30th. The consensus estimate by the Earnings Whisper is for $0.27 per share on a revenue of $515.47 million. CRWD reported 1st Quarter April 2022 earnings of $0.29 per share on revenue of $487.8 million. Revenue grew 61.1% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 81% expecting an earnings beat. Short interest is considered to be healthy with 5.56% of the float being sold short. The stock has drifted higher by 24.53% from its open following the earnings release. Option traders are pricing in a 9.8% move on earnings.

[color=#d4a218]Express, Inc., ($EXPR)[/color]
Express, Inc., ($EXPR) is confirmed to report earnings at approximately 6:45 AM EST on Wednesday 31th. The consensus estimate by the Earnings Whisper is for $0.09 per share on a revenue of $479.62 million. EXPR reported a 1st Quarter April 2022 loss of $0.10 per share on revenue of $450.8 million. Revenue grew 30.4% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 57% expecting an earnings beat. Short interest is considered to be healthy with 8.47% of the float being sold short. The stock has drifted lower by 27.80% from its open following the earnings release. Option traders are pricing in a 23.47% move on earnings.

[color=#d4a218]Broadcom Limited, ($AVGO)[/color]
Broadcom Limited, ($AVGO) is confirmed to report earnings at approximately 4:15 PM EST on Thursday 1st. The consensus estimate by the Earnings Whisper is for $9.55 per share on a revenue of $8.37 billion. AVGO reported 2nd Quarter April 2022 earnings of $8.39 per share on revenue of $8.1 billion. Revenue grew 22.6% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 70% expecting an earnings beat. Short interest is considered to be healthy with 1.32% of the float being sold short. The stock has drifted higher by 2.66% from its open following the earnings release. Option traders are pricing in a 6.13% move on earnings.

[PaperhandsJB]

Switching to this thread and will close last weeks. Careful on PDD even with good earnings. Watch 60 and 55 and 50 support. It has been going up all last week, of course with a drop on Friday. Maybe you can buy right at open and sell quickly but I am avoiding any longer holds until we see how market reacts todays. Still seems bearish sentiment so far this am.

[TheMadBeaker]

Oh shoot, thanks JB. I didn’t realize I was posting in last week’s thread.

Just dropping this in here for the record:

Ticker	EPS	Revenue
PDD	1.05 v 0.39	4.69B v 3.49B

[jjcox82]

I didn’t see this new thread was up either. PDD could have ran in sympathy with JD last week. As it was steadily up all week. Looking forward to a good week. With negative sentiment will be all the more important to watch for ones that are unaffected by market movement.

[PaperhandsJB]

PDD play worked well for those that entered early. the 75 strikes went from about .45 to 1.30 (100%-200% and what we look for) on that run up. I chased it and got late entry, as I was playing other stocks at the same time( bad idea). Entry at 67 or 68 would have worked well and I missed it. On to the next one tomorrow or wed.

[TheMadBeaker]

Copying this over since I accidently did it for last week’s thread.

Nothing after-hours today, however tomorrow has potential promise with the following stocks:

AM
BBY - Best Buy (Electronics)
BIDU - Baidu (Chinese search engine)
FUTU - Futu Holdings (Chinese finance services?)

PM
CRWD - Crowdstrike (cloud cybersecurity)
CHWY - Chewy (Pet stuff)
CHPT - Chargepoint (The largest operator of EV charging stations in the U.S. by number of stations)
HPQ - HP (This is the PC & printer side of HP)
AMBA - Ambarella (Semiconductors, does AI, image & video signal processing)
PVH - PVH Corp (Clothing company owns Tommy Hilfiger, Calvin Klein, Warner’s, Olga and True & Co. Also licenses brands such as Kenneth Cole New York and Michael Kors.)

[jjcox82]

I’ve been following some of these after the intial play and have noticed several have been multi day runners.

Obviously Friday threw a wrench in a lot however DG and ULTA ran again today. So for those that have the courage to hold these for more than a 1 hour can be potentially even bigger.

So far DE ran for several days JD. I held a couple PDD calls to see if it does being as it’s Monday easier to hold with 5 days. Probably would recommend that on one with a Thursday posting.

[ClimateLoud]

Might be something to this, especially with PDD. Was scanning options signals from today and this one stood out to me.

I’m going to see how the market trends tomorrow and possibly grab some monthlies on this to ride for a few days.

[jjcox82]

If you can get cheap enough fills a lot of the time these things are green from start also only holding a couple because always risky thinking it would move consistently up all week.

[jjcox82]

Going to keep an eye on BIDU in the morning if they have good numbers they have huge PT on them already could cause a solid run. Seems the Chinese tech company at least the ones we have watched here have all had strong postings. China was locked down a lot last quarter so this is likely bullish for tech as people are using more of it.

[jjcox82]

BBY beat on EPS and revenue

BIDU pretty big EPS beat. Missed revenue by a little.

Likely will look to play both.

PDD got 3 uprgrades this morning

[TheMadBeaker]

I was just about to post the same thing! PDD got more upgrades than the 3 listed there too.

Citi upped to $83
BofA upped to $89

[Conqueror]

Here’s the full list on PDD from TD. One of my most profitable earnings plays was NVIDIA earnings after SPY had held the stock down the day after they were released. Once the volatility on SPY eased the following day NVDA took off. PDD could be a solid play especially with the PTs.

[Conqueror]

Based off premarket movement if I had to pick one it’d probably be BIDU, not trading these just watching to see how they move since I’d like to play these with you guys when the challenge restarts.

BIDU seems to have given strong guidance and that $1 beat on EPS is pretty nice. Obviously the downside is the revenue but I’m assuming the guidance may outweigh. Like everything SPY playing along is important though and consumer confidence is at 10AM so I’d definitely scale in or just outright wait until after then to position on any of these.

[PaperhandsJB]

Not really sure how I will play these yet. My mind says take BIDU over BBY as retail has been weak and market could hit it hard if not a great day. PDD pumped in the am on good earnings but BIDU earnings seems ok. Need to read more about their projections.
BIDU - calls if it pushes and I plan to exit by 10 or 10:30. Support 145/147/150 Resistance 154/156
BBY - puts but not sure on this one as they beat rev & EPS but retail outlook not so great for market. Maybe off a safer rejection around 77/80 resistance, Support 69/72
PDD got price target upgrades and could be a good 1-2 week play depending upon market for calls.

[jjcox82]

Just noticed HEI posted last night and is up decent bit premarket. Missed pretty bad. So must have said something promising. Not touching it because I have no idea. But will watch to see it it continues to run. Once I can find what justifies the move.

[Conqueror]

They posted record sales.

[ClimateLoud]

I think CHPT is definitely one to watch for tomorrow, most OEM’s are using them as a preferred provider with their dealer network so I expect some pretty strong forecasting from them and their order bank is full. May grab some calls to ride IV and will most likely play tomorrow.

[PaperhandsJB]

BIDU following that support in pre market so far

[jjcox82]

BBY seems to be holding and trying to rebound even with SPY trending down. Going to try to get cheap call fill at open and build into a position if it rebounds. Drop on what I would called mostly nothing burger 2025 guidance.

But also sales down. Many times these plays work both ways. Can make money up and down. And follow JBs support resistance works both ways.