We’ve had some luck trading ahead of earnings this week, in both the AAPL condor and the FB call butterfly. Next week is a similarly busy earnings season, with a number of high fliers reporting. Some of the names of interest we’ll be writing about in the next week:
- CF reports on Monday, Nov 4th, after the close (our most recent post on the stock)
- TSLA reports on Tuesday, Nov 5th, after the close (most recent post)
- Z reports on Tuesday, Nov 5th, after the close (most recent post)
- QCOM reports on Wednesday, Nov 6th, after the close (most recent post)
- SCTY reports on Wednesday, Nov 6th, after the close (most recent post)
- WFM reports on Wednesday, Nov 6th, after the close (most recent post)
- GRPN reports on Thursday, Nov 7th, after the close (most recent post)
- PCLN reports on Thursday, Nov 7th, after the close (most recent post)
- SSYS reports on Thursday, Nov 7th, after the close
We’ve written extensively about many of these stocks in the past few months, with the exception of SSYS (which made a new all-time high yesterday).
First off, Elon Musk mania will be on full display next week, when TSLA and SCTY report back-to-back. Both stocks are up more than 300% year-to-date. I’ll be most interested in their reactions after the results, given that we’ve seen disappointing reactions from most of the mid-cap 2013 momentum leaders (NFLX, LNKD, YELP, etc.) so far this earnings season.
PCLN is another internet behemoth which reports next week. Mega-cap internet companies have reacted much better than smaller internet names – GOOG, AMZN, and FB have all rallied after earnings. PCLN has moved higher following its past 4 earnings reports, and EXPE was up 18% yesterday on a nice beat. However, analysts estimates for Q3 are quite high for its seasonally most important quarter ($16.24 quarterly EPS estimate, vs. $12.40 in Q3 2012 and $9.70 is Q2 2013).
We’ll have a number of previews and trade suggestions on this list of stocks in the coming days, so stay tuned.