Trade Alert: Earnings, 4/15/2024

A bullish bet on a company reporting earnings this week.

Apr 15, 2024

∙ Paid

A focused, blonde woman sitting in front of her computer, analyzing charts and data on the screen. She's in a well-lit, modern home office, surrounded by financial books and notes. She's wearing casual but smart attire, perhaps a comfortable yet stylish sweater and glasses perched on her nose. The office is neat, with a large window letting in natural light, highlighting her concentration and the seriousness with which she approaches her stock analysis. The environment suggests a blend of comfort and professionalism, capturing the essence of working from home efficiently.

A Slightly Different Approach With This One

There’s a bullish screen I use on Chartmill that is strict enough that, on some days it picks up zero stocks. On Friday, it picked up three.

One of those three is reporting earnings this week. Estimize and Zacks ESP both expect it to beat Wall Street’s earnings estimates this week (albeit, by a slight amount) and Portfolio Armor’s gauge of options market sentiment is very bullish on it. If the stock moves ~5% higher after earnings, our trade could return more than 200%.

Details below.

Our Bullish Trade

Continue reading this post for free, courtesy of Portfolio Armor.

Or purchase a paid subscription.