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The Portfolio Armor Substack
Trade Alert: Earnings

Trade Alert: Earnings

Another options trade on a former high-flyer.

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Portfolio Armor
Nov 25, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: Earnings
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A visually appealing rectangular image of a blonde woman with a sophisticated and professional appearance, sitting at a desk with a laptop and financial charts displayed on the screen. She is analyzing stock data ahead of earnings, with focused expressions and neat surroundings, including a notebook and pen on the desk. The background shows a modern home office with bookshelves and plants, creating a productive yet stylish ambiance. The lighting is bright and natural, highlighting her blonde hair and professional demeanor.

Going To The Same Well Again

We placed a successful earnings trade on this stock a few months ago. At the time, here’s what we wrote about it:

This one was a high-flying growth stock a few years ago, and while the hype around it has long since faded, its fundamentals have gotten stronger. When it released earnings in May, it beat on both top and bottom lines; nevertheless, the stock has dropped about 10% since then. After that drop, it now has a Chartmill Valuation Rating of 7 (on a scale of 0 to 10). It also has a Piotroski F-Score of 8 (on a scale of 0 to 9), indicating strong financial health and a lack of dilution.

Today that stock is not quite as cheap—Chartmill’s valuation rating on it is now 6 instead of 7—but its technical rating is a 10. Its Piotroski F-Score is still 8.

The stock is reporting earnings after the close today, and we’re betting on another beat. If we’re right, we could have a gain of about 200% by the end of this week; if we’re wrong, we could lose up to 100%.

Details below.

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