Trade Alert: Earnings, 6/7/2023
A bearish trade against a company releasing earnings before the open Thursday.
Another Fashion Company Reporting This Week
As with Monday and Tuesday’s trades, we started with social data to identify this name, and then looked at a few other indicators for confirmation:
Aggregate fundamental and technical ratings from Chartmill.
Earnings Surprise Predictions from Zacks.
Options sentiment from Portfolio Armor.
For this stock, the social data, technical rating and Earnings Surprise Prediction are bearish, but the other indicators are neutral to bullish. Still, I’m betting against this one, because the preponderance of the data leans against it.
Details below.
