[color=#d4a218]Oracle Corp., ($ORCL)[/color]
Oracle Corp., ($ORCL) is confirmed to report earnings at approximately 4:05 PM EST on Monday 12th. The consensus estimate by the Earnings Whisper is for $1.08 per share on a revenue of $11.46 Billion. ORCL reported Quarter May 2022 earnings of $1.51 per share on revenue of $11.8 billion. Revenue grew 5.5% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 78% expecting an earnings beat. Short interest is considered to be healthy with 1.00% of the float being sold short. The stock has drifted higher by 8.22% from its open following the earnings release. Option traders are pricing in a 5.2% move on earnings.
[color=#d4a218]Core & Main, Inc., ($CNM)[/color]
Core & Main, Inc., ($CNM) is confirmed to report earnings at approximately 7:35 AM EST on Tuesday 13th. The consensus estimate by the Earnings Whisper is for $0.53 per share on a revenue of $1.63 Billion. CNM reported 1st Quarter April 2022 earnings of $0.74 per share on revenue of $1.6 billion. Revenue grew 14.1% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 62% expecting an earnings beat. Short interest is considered to be healthy with 1.26% of the float being sold short. The stock has drifted lower by 16.15% from its open following the earnings release. Option traders are pricing in a 6.9% move on earnings.
[color=#d4a218]IronNet, Inc., ($IRNT)[/color]
IronNet, Inc., ($IRNT) is confirmed to report earnings at approximately 4:15 PM EST on Tuesday 13th. The consensus estimate by the Earnings Whisper is for ($0.21) per share on a revenue of $7.55 Million. IRNT reported a 1st Quarter April 2022 loss of $0.33 per share on revenue of $6.7 million. Revenue fell 4.7% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 43% expecting an earnings beat. Short interest is considered to be unhealthy with 8.26% of the float being sold short. The stock has drifted lower by 16.67% from its open following the earnings release. Option traders are pricing in a 16.3% move on earnings.
[color=#d4a218]Adobe Inc., ($ADBE)[/color]
Adobe Inc., ($ADBE) is confirmed to report earnings at approximately 4:05 PM EST on Thursday 15th. The consensus estimate by the Earnings Whisper is for $3.35 per share on a revenue of $4.43 Billion. ADBE reported 2nd Quarter May 2022 earnings of $3.36 per share on revenue of $4.4 billion. Revenue grew 14.4% on a year-over-year basis. Investor sentiment going into the company’s earnings release has 69% expecting an earnings beat. Short interest is considered to be healthy with 1.21% of the float being sold short. The stock has drifted lower by 10.54% from its open following the earnings release. Option traders are pricing in a 5.2% move on earnings.
Oracle and adobe look like interesting plays where we could use oracle as a leading indicator for how adobe may report. Oracle has more revenue streams and I’m interested in any blockchain/security development updates they may have as well. However the prevailing tone on CPI and Fed may negate (or enhance) any movement regardless for this week. Especially with a lot of people anticipating a red month ahead for the rest of September any bullish earnings could be swept away quick by the market.
ORCL had a EPS miss and ended up up some AH. Looks like the had some aqcustion close that resulted in increased revenue.
Their cloud based segment was also up. Which we have largely seen the companies with cloud based segments be bullish nearly every report. Might watch this premarket to see if comtunes to move. Largely dependent on CPI and general market conditions.
One thing I wanted to note I’ve continued to watch these tickers discussed and even played some for multiple days and some times the full reaction doesn’t play out for few days.
Was in on ZS Friday for a banger and played it again today for some more. ZUMZ seemed to have largely came back to reality today and broke off SPY.
There have been several over last month or so this thread has been covering them that could have printed hard if played for right expiry and held. LULU and AVGO both had good weeks last week. And ASO has been running since it’s print.
Pretty boring week here may watch CNM as it got some volume today and is below its highs. And typically profitable.
Reviewing the last weeks plays. The call plays went well, KR and ZS, but ZUMZ went ok, if you bought at that 26 and/or 28 rejection. The market selloff today helped ZUMZ 25’s puts turn very green from .10 to .20 spread to .90 to 1.10. Of course entry matters so main think learned from this play is only play hard resistances on put earning plays is the safer way. Play ITM or close to ITM for puts. The 22.50’s got hit bad and was moving slow. Some were able to get .05 these last few days and average down and some sells were going through today at .10 for the 22.50’s. The puts for Oct for 22.50 and 25 did very well. Again, thinking with a lower float and lower price stock we need to play a few weeks out to 1 month incase scalp play goes wrong, like it did by pushing above the initial 26 resistance. Just some thoughts on this play. More to come later.
ADBE is one to watch. With this dilution and average earnings it may be an all day dropper. However it has dropped significantly in pre market. Watching 330 and 336 resistance maybe for puts but not sure. Will watch for a bit. 320 and 325 support.
