According to a survey from TechSee reported
by Chain Store Age, 41 percent of buyers returned a
non-defective consumer electronics item in the last 12 months, citing reasons
like frustration with packaging and confusion during unboxing or initial use.
Consumer electronics are one of the most-often returned products, which creates
expensive pain points but also opportunity for retailers to unload returned or
excess inventory via a competitive secondary market.
Let’s take a look at consumer electronics return rates and how the products fare on the secondary market:
- Consumer electronics boast a 20 percent return rate, with accessories, like earbuds, cases and batteries, boasting some of the highest return rates.
- Video games, gaming consoles and Apple products are in big demand and generate high pricing, even on the secondary consumer electronics market.
- Resale buyers are looking for large quantities of inventory that’s sorted by condition.
Returns are expensive for retailers—not
just because a product loses value the longer it sits on a shelf, but also
because of the return process itself. Shipping and handling carries a cost, and
so does the actual manpower required to reverse the sale and move an item back
into inventory. Taking all of this into account, it’s easy to see how returns
can quickly chip away at a consumer electronics company’s profit margins.
How Can I Decrease
The Financial Burden Of Electronics Returns?
Rather than accept the sizeable loss, consumer electronics retailers can choose to sell their returned and excess inventory via B Stock. Used by 5 of the top 10 electronics retailers, B Stock sells millions of CE products each year to vetted secondary market buyers around the globe. Our B2B online marketplace is flexible and scalable, allowing retailers to sell across all categories, conditions and quantities. We leverage an online auction dynamic in order to create competition and push prices up, and also offer users complete control over who has access to their inventory.
Not to mention, our account management
team—made up of consumer electronics and auction industry experts—provide daily
support and guidance on sales strategy, ensuring a faster sales cycle that
moves your inventory quickly and without sacrificing recovery.
Who Makes Up The B
Stock Buyer Network?
Our secondary market consumer electronics
buyer base has been built up over several years and consists of large volume
buyers, business to consumer resellers, exporters, and brick and mortar store
owners in 100+ countries. This cohort of primed buyers is looking for inventory
year-round, regardless of season, and is ready to buy products in a variety of
conditions or quantities—from boxes to pallets and even truckloads of excess or
returned consumer electronics.
Who Can Use The B
Stock B2B Online Marketplace?
Our marketplace platform is available to both enterprise and small businesses. Our Private Marketplace Solution is best for Fortune 1000 retailers, manufacturers and distributors with $2 million+ in excess or returned inventory each year. It’s an ideal solution for large organizations that are looking to improve recovery and operational efficiency. Meanwhile, our SMB marketplace, B-Stock Supply is optimized for both small- and medium-sizes companies with ongoing, but not massive, inventory volumes. If you’re an independent consumer electronics retailer looking for a quick and easy way to turn excess inventory into cash, this is the best option for you.
How Can I Learn
The post Solving The Expensive Problem Of High Returns In The Consumer Electronics Industry appeared first on B-Stock Solutions.
Market Crash: Find Safety in Tech Stocks Like Shopify (TSX:SHOP)
We are experiencing a unique period. Covid-19 has flipped the world on its head and investors are faced with an unprecedented period of volatility. This market crash has been unlike any other.
Historically, a flight to defensive stocks such as utilities and consumer staples has been the norm. Similarly, when a market crash occurs, high growth stocks tend to suffer the greatest losses.
In 2020, the bear market feels noticeably different. Some industry stalwarts are either matching Index losses or somewhat surprisingly, underperforming. On the flip side, the tech industry has been one of the best performers.
Year to date, the S&P/TSX Information Technology Index has lost only 9.45% of its value. In comparison, the S&P/TSX Composite Index is down 20.80%. There is similar outperformance over the past month.
There are two stocks that have held up notably well during the market crash – Shopify (TSX:SHOP) and REAL Matters (TSX:REAL). These two tech stocks were among the best performing stocks on the TSX Index in 2019. They are on pace to outperform again in 2020.
Benefiting from the market crash
Working from home and online shopping is top of mind during this pandemic. Merchants who rely strictly on the brick-and-mortar model are most impacted. These merchants will also likely looking at transitioning to an online model. This is where Shopify benefits.
The company specializes in e-commerce and targets small-to-mid-sized businesses. As such, it is well positioned to capture what is likely to be increased demand. Merchants will be looking to either improve, or launch their online commerce platforms.
In response to COVID-19, Shopify is implementing a number of initiatives — one of which is extending their 14-day trial to 90 days for new customers. Now is the perfect time to be introducing themselves to new customers.
After 90 days, it is likely the conversion rate to paying customers will be high. Merchants will have put significant time and effort into their platforms over this period.
The proof is in Shopify’s performance during the market crash. The company’s stock price is up 24% this year and is still in the black over the past month (+7.65%) despite heavy market losses.
Last year’s top-performing stock
In 2019, no company had a better year than Real Matters. The company’s stock price more than tripled in price with gains of 291.80%. This year, the stock is once again among the market leaders. Year to date, Real’s stock price is up 14.59% despite the market crash.
Real’s business model is well-suited to take advantage of a shift to working at home, offering a suite of technology tools in support of the mortgage and insurance industries. The traditional face-to-face models are being disrupted. Lenders are actively looking for technological solutions.
Real is already well positioned. It counts 60 of the top 100 mortgage lenders in the U.S. as clients with a 95% retention rate. Similarly, mortgage applications are on the rise in direct response to ultra-low interest rates.
On Wednesday, Real Matters announced “…incoming mortgage origination orders over the past week were stronger than during any week in calendar 2019 for both our U.S. Appraisal and U.S. Title businesses.” The bottom line is that Real is not experiencing any material impacts from COVID-19. Business remains strong.
There are a large number of refinancing requests on the table given today’s low rates. Management estimates that over 70% of mortgages could benefit, and it would take two or three years to cycle through these. In any event, Real is well positioned to deliver on expected double-digit growth.
One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!
- Why Did Shopify (TSX:SHOP) Stock Plunge 25%?
- Coronavirus Sell-Off: 2 TSX Stocks That Have Crushed this Bear Market
- TFSA Investors: Turn $69,500 Into $220,000 by 2030
- Shopify (TSX:SHOP) Now Holds the “Bombardier Put”
- TFSA Investors: 2 TSX Tech Stocks Can Turn $69,500 Into $1 Million
The post Market Crash: Find Safety in Tech Stocks Like Shopify (TSX:SHOP) appeared first on The Motley Fool Canada.
Wall Street Week Ahead for the trading week beginning March 30th, 2020
Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning March 30th, 2020.
What could be ‘shocker’ economic reports may test stocks in week ahead – (Source)
Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of how much the first weeks of the coronavirus shutdown have already hit the economy.
Market turbulence is expected to remain high, though volatile moves in the past week were largely to the upside. The S&P 500, by Thursday, had soared 20% intraday off its Monday low, before giving up some gains Friday. For the week, the S&P 500 was up 10.3% at 2,541.
The market’s rip higher ignited a debate about whether stocks have now bottomed, and that discussion will carry on into the week ahead. Some major investors like billionaire investor Leon Cooperman and BlackRock’s Rick Rieder believe stocks may have hit their lows. Other strategists say the market needs to see a retest before a bottom can be called.
“It’s amazing to me that people are so bullish when virus cases are accelerating and economic growth is deteriorating,” said Richard Bernstein, CEO Richard Bernstein Advisors. “I could see it if cases peaked out, and the economy is troughing.”
It’s the economy
In the coming week, the big number to watch could again be Thursday’s weekly jobless claims, up a record 3.2 million for the week ended March 21, as the shutdown of stores, restaurants, and other businesses across the country resulted in immediate layoffs.
Economists expect several million more claims to be filed for the past week, and they are looking at that new claims report as potentially more important than Friday’s March employment report. The survey week for the March jobs report was ahead of some of the major shutdowns by the states most impacted by the virus. Economists expect nonfarm payrolls to drop by 56,000 in March, according to Dow Jones.
Other data could show some of the early signs of an economy brought to a standstill. There are auto sales and ISM manufacturing releases on Wednesday, both March reports. Service sector data will be released Friday.
Market focus will be more intensely focused on the economic data, shifting from the $2 trillion aid bill, signed by President Donald Trump on Friday. Economists expect the economy already may be in a slowdown and that it should trough with a double-digit decline in the nation’s gross domestic product in the second quarter.
Vehicle sales will be reported Wednesday, and sales are expected to have come to a near standstill even though shuttered dealerships continue trying to deliver autos to buyers.
For “car sales, I would think the drop would be more precipitous,” said Diane Swonk, chief economist at Grant Thornton. “They shut down in every major market. Even though they’re offering deliveries and all that stuff, it’s going to be a shocker … large double digit decline.”
Auto sales were at an annualized pace of 16.8 million in February, and some economists say the number in March could be closer to 12 million.
Congress passed a $2 trillion aid package to help put cash in the hands of workers and companies, so they can weather the effects of a shutdown.
Separately, the Fed has delivered a massive amount of monetary stimulus that has helped ease up some of the problems in illiquid credit and even the Treasury market. It has been buying Treasury and mortgage-backed securities at a record pace of $70 billion a day, and markets are focused on when the Fed will alter the size of its purchases, which are open-ended.
“This week, plus last week was more than $600 billion. It’s monumental.” said Michael Schumacher, director, rates at Wells Fargo. The Fed said it was reducing the purchases to $60 billion a day, which is the amount it had been buying in a one-month period.
Stimulus one-two punch
The double-barreled boost to markets from the Fed’s policy and the prospect of the fiscal spending package helped fire up the mid-week rally in stocks.
“Even though the market, from the intraday low on March 23 through the intraday high on March 26, soared more than 20%, which to many is the definition of a new bull market, this low must be sustained before a new bull market can be crowned,” said Sam Stovall, chief investment strategist at CFRA. “We’ve got to maintain this recent low, in my opinion, for another six months before we can call this another bull market.”
Stovall said the S&P 500 is often higher in April, though this year it may not be. The S&P is down about 14% for the month of March so far. Since World War II, April has been the second best month for the S&P, which has been up an average 1.5% and higher 71% of the time.
The big rally in stocks this week is not an unusual occurrence in a bear market, Stovall said. “There have been multiple times in history – 1973/1974, 2001/2002, and combined with 2008, 2009, that we saw 20 plus percent rallies before ultimately setting an even lower low.”
Stovall said it’s likely there will be a lower low. “The only think that causes me to say we may not retest the bottom is everybody is saying we need to retest the bottom,” he said. The S&P hit a low of 2,191 before bouncing higher.
In addition to its Treasury and mortgage purchases, the Fed has cut rates to zero, added liquidity in the repo market and committed to creating vehicles to help corporate paper, municipal bonds and corporate debt.
“Stress levels in financial markets have receded in a meaningful way this week, thanks in no small part to the Fed’s aggressive moves. Leveraged loans rebounded somewhat in price yesterday, and the MBS market is seeing broadening improvement (though it is far from normal),” noted Stephen Stanley, chief economist at Amherst Pierpont.
Stanley said the Fed may not need to buy corporate bonds for now, based on new issuance activity in that market this week.
This past week saw the following moves in the S&P:
Major Indices for this past week:
Major Futures Markets as of Friday's close:
Economic Calendar for the Week Ahead:
Sector Performance WTD, MTD, YTD:
Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:
S&P Sectors for the Past Week:
Major Indices Pullback/Correction Levels as of Friday's close:
Major Indices Rally Levels as of Friday's close:
Most Anticipated Earnings Releases for this week:
Here are the upcoming IPO's for this week:
Friday's Stock Analyst Upgrades & Downgrades:
Will the Fed’s Bold Moves Keep Yields from Rising?
With the major stock market indexes all entering a bear market this month, it’s no surprise that stocks have stolen most of the spotlight. However, actions taken by the Federal Reserve (Fed) to support what may be considered the safest part of the bond market, US Treasuries, may actually have more lasting implications for investors’ portfolios.
From February 19 through midday March 9, the yield on the 10-year Treasury fell an incredible 125 basis points (1.25%), briefly reaching an all-time low of just 0.31%. In fact, the 14-day relative strength index RSI on the 10-year yield, a technical measure of momentum, was more oversold than at any point since 1971. Since then yields came roaring back, trading as high as 1.27%, before fading back to near 0.8% currently.
It is logical to think that the incredibly bold moves from the Fed, including unlimited Treasuries purchases, will help keep yields down. But could yields actually rise from here after the Fed writes the bond market a blank check? History says yes, which seems counter-intuitive. For investors, it’s important to keep in mind that the combination of low starting yields and rising interest rates may lead to meager future fixed income returns.
As shown in the LPL Chart of the Day, following prior announcements of quantitative easing (Fed securities purchases), yields have actually risen. Part of that story is the market pricing in higher inflation expectations as a result of the “money printing.” Another piece is the market becoming more confident in economic recovery. “The massive injection of liquidity into the bond market by the Federal Reserve—in concert with fiscal stimulus—surely helps shore up the economy and credit marekts for an eventual recovery,” noted LPL Financial Sr. Market Strategist Ryan Detrick.
LPL Research forecasts the 10-year Treasury yield will end 2020 in the range of 1.25-1.75%. Outcomes outside of that range are certainly possible depending on how long it takes to get the pandemic under control.
If the roughly $2 trillion in fiscal stimulus is added to the Fed’s securities purchases, and additional lending capacity that the Fed’s new programs create, the economy will get a $5-6 trillion jolt in the next several months to help us get through this crisis to the other side. In a $22 trillion US economy, that is significant and far exceeds the stimulus that dug the economy out of a ditch after the 2008-2009 financial crisis. This human crisis is not over unfortunately, but the bold moves from policymakers should help lessen the blow. The size of hit became evident in Thursday’s massive spike in jobless claims. The economic data will get worse before it gets better, but visibility into the peak of this crisis is starting to come into view and markets—both stocks and bonds—may be beginning to sniff that out.
Making Sense of Skyrocketing Jobless Claims
Weekly new jobless claims were reported this morning, and to no one’s surprise they rose to levels thought unimaginable just a few weeks ago. As shown in the LPL Chart of the Day, 3.3 million people filed new claims for unemployment benefits in the week ending March 21, almost 5 times the previous high of 695,000 set in 1982.
“The personal and economic disruptions represented by the latest new claims number are staggering,” said LPL Chief Investment Officer Burt White. “This is a genuine human crisis, and a robust response from the Federal Reserve and Congress seems appropriate. Unfortunately, we do expect more numbers like this in the coming months. At the same time, markets are forward looking and will be more focused on how quickly we might be able to get to the other side.” Per LPL’s Chart of the Day:
While the number of new claims is extraordinary, it’s not entirely unexpected. The United States and countries across the globe have shut down entire segments of their economies in an effort to delay or disrupt the impact of the COVID-19 pandemic. Many of the jobs most impacted by social-distancing measures, such as cashiers, restaurant workers, and hotel staff, are in the services sector, which now makes up about 80% of the jobs in the United States.
There is no silver lining in a number like this, but there is reason for hope. The US economy was not in a recession prior to the global spread of COVID-19. Workers are not being let go because of some structural fault in the economy or a financial crisis. As a result, when the slowdown ends, we may not see the extended hiring delay that has typically followed recessions. In fact, a surge in demand may require extra hiring, although it may not take place until people are fully confident that social distancing is no longer necessary.
Markets may not be responding to the dramatic numbers seen this morning, but they have been absorbing the rapidly changing economic expectations it represents over the last few weeks. We’ll see a lot of this over the next couple of months: historic numbers with markets seemingly unmoved. But it’s not because they’re indifferent. Economic data is slow moving and backward looking, while our economic reality has been changing at an unprecedented pace. Even new unemployment claims, which are released weekly, seem somewhat stale. Markets will still be reacting to shifting expectations of the depth and duration of the slowdown, as well as the effectiveness of policies to help businesses and workers get to the other side.
Market Volatility Stresses Liquidity
The COVID-19 pandemic has caused unprecedented volatility in recent weeks that has investors and traders scrambling to assess the economic and market impact of the aggressive containment measures.
This past week the CBOE Volatility Index (VIX), which measures the implied 30-day volatility of the S&P 500 Index based on options contracts, measured its highest reading since its inception at over 82—besting the prior high set during the financial crisis in 2008-2009, shown in the chart below. That is saying something.
As market participants have sought shelter from the storm in traditional safe havens such as US Treasuries, gold, or cash, we have seen signs that liquidity has dried up. All that means is buyers have become more tentative, demanding lower prices to get trades done due to the historic volatility and heightened uncertainty. That in turn can lead to wider bid-ask spreads for market participants—both retail investors and institutions—and we sometimes see a dollar of value selling for 95 cents, if not less.
We have seen some of this in the corporate bond markets in recent days. Even short-maturity, high-quality investment grade corporate bond strategies have seen market prices disconnect with their fair value, as measured by net asset value (NAV). That metric essentially adds up the value of individual bonds in a portfolio such as an exchange-traded fund, which should in theory match the market price of the security that we all see on our screens.
“In volatile markets, quality items go on sale to clear the racks because there aren’t a lot of shoppers walking through the malls,” noted Ryan Detrick, LPL Financial Senior Market Strategist. “Improving liquidity in all markets can help restore investor confidence after being shaken the past few weeks.”
At their worst, these conditions can translate into serious dislocations, such as those experienced during the financial crisis when banks didn’t trust each other enough to make overnight loans and credit froze up. Short-term lending is a necessary lubricant for economic activity.
Investors can get hurt selling into these dislocated markets. This is where the Federal Reserve (Fed) comes in. The programs the Fed launched on Monday, March 23—including buying large amounts of corporate bonds—are aimed at restoring health to credit markets. The central bank’s aggressive bond purchases (as much as needed) should help restore orderly trading in corporate bonds and narrow spreads, a measure of risk, which have widened significantly in recent weeks. As shown in the chart below, spreads are still well short of 2008-2009 highs.
There is some other good news here. These dislocations can present opportunities for buyers to get discounts they may not otherwise see in normally functioning market environments. We aren’t suggesting running out and buying securities trading at the biggest discounts to their intrinsic value. Instead, we are highlighting that attractive opportunities are emerging in the corporate bond market, particularly in strategies focused on strong companies that may emerge on the other side of this crisis as leaders of the economic rebound.
Time In The Market Versus Timing The Market
The incredible volatility continues, with the S&P 500 Index now in one of its worst bear markets ever, along the way making the quickest move from an all-time high to down 30% at only 22 days. What is a long-term investor to do?
“Although market timing is very alluring to investors, especially after the past few weeks, the reality is timing things incorrectly can set you back significantly,” explained LPL Financial Senior Market Strategist Ryan Detrick. “In fact, if you started in 1990 and missed the best day of the year each year for the S&P 500, your annual return was nearly cut in half.”
As shown in the LPL Chart of the Day, the annualized return for the S&P 500 from 1990 to 2019 was 7.7%. Yet, if all you missed was the best day of the year, that return dropped to only 3.9%. Miss the best two days of each year, and you were up less than 1% a year. Taking it to the extreme, if you missed the best 20 days of each year, you’d be down 27% per year.
No one can consistently pick the best or worst days of the year, so this is why it can be so dangerous for investors to miss time in the market by trying to time the market. If you miss one or two big days, compounded over time, this can greatly impact your portfolio.
Boeing (BA) Sends the Dow Flying
Turnaround Tuesday has carried into hump day with the Dow up well over 5% again today as of this writing. As we mentioned in an earlier post, that means the Dow is on track for its first back-to-back up days for the first time since early February. Remarkably, even with only two consecutive up days, the index is closing in on exiting a bear market. For that to happen, the Dow would need to close above the 22,310.32 level which is 20% off of the bear market closing low (Monday's close at 18,591.93). At today's high, the Dow was less than 300 points or 1.32% from that level.
As for the individual stocks contributing to the rally, Boeing (BA) deserves a lot of thanks. The stock has been hit very hard during the sell-off. Whereas the stock has traded in the mid-$300 for much of the past two years and up to mid-February, as of late last week BA had fallen below $100. That massive drop in price means that day to day movements in the stock would have a lesser impact on the level of the price-weighted Dow. In spite of this, BA has contributed over 400 points to the Dow's rally in the past two days alone! That is much more than any other stock in the index with the next biggest contributor being UnitedHealth (UNH) who's 335.44 point contribution comes as its share price is currently around $100 more than BA. BA's contribution is also almost 200 points more than those of McDonald's (MCD), Visa (V), and Apple (AAPL). Of all 30 Dow stocks, there is only one that is down over the past couple of days, subtracting from the index's rally: Walmart (WMT). Given WMT has held up fairly well recently, its performance is yet another example of investors' focus on the more beaten down names that we have noted earlier today and in last night's Closer.
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:
Monday 3.30.20 Before Market Open:
Monday 3.30.20 After Market Close:
Tuesday 3.31.20 Before Market Open:
Tuesday 3.31.20 After Market Close:
Wednesday 4.1.20 Before Market Open:
Wednesday 4.1.20 After Market Close:
Thursday 4.2.20 Before Market Open:
Thursday 4.2.20 After Market Close:
Friday 4.3.20 Before Market Open:
Friday 4.3.20 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
RH (RH) is confirmed to report earnings at approximately 4:20 PM ET on Monday, March 30, 2020. The consensus earnings estimate is $3.59 per share on revenue of $709.42 million and the Earnings Whisper ® number is $3.74 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat The company's guidance was for earnings of $3.50 to $3.62 per share on revenue of $703.00 million to $712.00 million. Consensus estimates are for year-over-year earnings growth of 19.67% with revenue increasing by 5.74%. Short interest has decreased by 10.6% since the company's last earnings release while the stock has drifted lower by 47.2% from its open following the earnings release to be 35.0% below its 200 day moving average of $170.64. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 2,037 contracts of the $125.00 call expiring on Friday, May 15, 2020. Option traders are pricing in a 27.2% move on earnings and the stock has averaged a 13.4% move in recent quarters.
BlackBerry Limited $3.81
BlackBerry Limited (BB) is confirmed to report earnings after the market closes on Tuesday, March 31, 2020. The consensus earnings estimate is $0.04 per share and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 76.47% with revenue increasing by 291.76%. Short interest has increased by 44.2% since the company's last earnings release while the stock has drifted lower by 37.3% from its open following the earnings release to be 38.6% below its 200 day moving average of $6.21. Overall earnings estimates have been unchanged since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 13,415 contracts of the $10.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 19.0% move on earnings and the stock has averaged a 12.0% move in recent quarters.
Village Farms International $3.47
Village Farms International (VFF) is confirmed to report earnings at approximately 5:00 PM ET on Monday, March 30, 2020. The consensus earnings estimate is $0.03 per share on revenue of $41.96 million and the Earnings Whisper ® number is $0.04 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Short interest has increased by 23.2% since the company's last earnings release while the stock has drifted lower by 40.2% from its open following the earnings release to be 58.3% below its 200 day moving average of $8.31. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 18, 2020 there was some notable buying of 668 contracts of the $6.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 33.9% move on earnings and the stock has averaged a 4.6% move in recent quarters.
Chewy, Inc. $36.16
Chewy, Inc. (CHWY) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, April 2, 2020. The consensus estimate is for a loss of $0.17 per share on revenue of $1.35 billion and the Earnings Whisper ® number is ($0.16) per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Short interest has decreased by 13.6% since the company's last earnings release while the stock has drifted higher by 50.7% from its open following the earnings release to be 24.5% above its 200 day moving average of $29.04. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 6.1% move on earnings in recent quarters.
CarMax, Inc. $58.93
CarMax, Inc. (KMX) is confirmed to report earnings at approximately 6:50 AM ET on Thursday, April 2, 2020. The consensus earnings estimate is $1.12 per share on revenue of $4.65 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.88% with revenue increasing by 7.67%. Short interest has decreased by 17.7% since the company's last earnings release while the stock has drifted lower by 37.6% from its open following the earnings release to be 33.0% below its 200 day moving average of $87.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,206 contracts of the $30.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 21.3% move on earnings and the stock has averaged a 4.1% move in recent quarters.
Walgreens Boots Alliance Inc $44.00
Walgreens Boots Alliance Inc (WBA) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, April 2, 2020. The consensus earnings estimate is $1.44 per share on revenue of $35.30 billion and the Earnings Whisper ® number is $1.50 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.77% with revenue increasing by 2.24%. Short interest has decreased by 1.0% since the company's last earnings release while the stock has drifted lower by 21.5% from its open following the earnings release to be 18.5% below its 200 day moving average of $54.00. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 8,804 contracts of the $55.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 21.5% move on earnings and the stock has averaged a 5.1% move in recent quarters.
Paysign, Inc. $5.44
Paysign, Inc. (PAYS) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, March 31, 2020. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Short interest has increased by 10.0% since the company's last earnings release while the stock has drifted lower by 49.5% from its open following the earnings release to be 54.6% below its 200 day moving average of $11.98. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 11.3% move on earnings in recent quarters.
Titan Pharmaceuticals, Inc. $0.25
Titan Pharmaceuticals, Inc. (TTNP) is confirmed to report earnings at approximately 4:00 PM ET on Monday, March 30, 2020. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Short interest has increased by 222.9% since the company's last earnings release while the stock has drifted higher by 49.0% from its open following the earnings release to be 58.5% below its 200 day moving average of $0.60. The stock has averaged a 15.6% move on earnings in recent quarters.
Constellation Brands, Inc. $144.88
Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Friday, April 3, 2020. The consensus earnings estimate is $1.62 per share on revenue of $1.84 billion and the Earnings Whisper ® number is $1.75 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.96% with revenue decreasing by 6.50%. Short interest has decreased by 27.3% since the company's last earnings release while the stock has drifted lower by 23.2% from its open following the earnings release to be 23.0% below its 200 day moving average of $188.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 1,502 contracts of the $100.00 put expiring on Friday, October 16, 2020. Option traders are pricing in a 15.0% move on earnings and the stock has averaged a 6.5% move in recent quarters.
Greenlane Holdings, Inc. $2.16
Greenlane Holdings, Inc. (GNLN) is confirmed to report earnings at approximately 7:00 AM ET on Monday, March 30, 2020. The consensus estimate is for a loss of $0.07 per share on revenue of $38.88 million and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 7% expecting an earnings beat. Short interest has decreased by 13.3% since the company's last earnings release while the stock has drifted lower by 36.8% from its open following the earnings release to be 53.7% below its 200 day moving average of $4.66. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 2.6% move on earnings in recent quarters.
What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead r/stocks.
Bitcoin Profit – A Review
Many platforms exist these days online that allow auto-trading of cryptocurrencies, however, it isn’t always easy to know which ones can be relied on to be trustworthy and safe.
Bitcoin Profit is one software option claiming to make users money by automatically trading cryptocurrencies at the best possible time with a high win-rate of up to 92%. The Bitcoin bot uses a complex algorithm capable of detecting market trends. While an experienced trader is able to use trading signals to execute profitable trades, this software completes the process on your behalf so it’s perfect for complete novices
So, what do you need to know about the Bitcoin Profit platform? Read on and find out more
An Overview Of Bitcoin Profit
Bitcoin Profit is a form of auto-trading software that claims to be capable of operating more rapidly by 0.01 seconds than the average types of trading signals software. Designed by John Mayers, this platform sends signals on daily functions and trends just like other types of automatic trading platform but it claims that users can earn at least $1300 in profits each day. This is probably an over-estimate, particularly if you’re a novice trader, but nevertheless, many users do report good profits.
Fees, Withdrawals And Deposits
Withdrawals can be made from this platform at any time, with processing taking place within 24 hours. This favourably compares with a lot of other similar bots which can take up to 10 days to process withdrawals. The platform will only retain 1% of profits for each user, and no other commissions or fees need to be paid.
When it comes to customer support, users won’t be disappointed. The service team are helpful and knowledgeable and are available 24/7 via live chat and email.
Trading With Bitcoin Profit – The Benefits
So, should you trade with Bitcoin Profit? There are many features to bear in mind when making your choice:
- The platform is intuitive and user-friendly
- A high success rate on trades
- Low deposits at just $250
- Demo accounts are available that allow new traders to discover the best ways to successfully use the platform
- Tips and tutorials are available on the platform for beginners
- There is a responsive and dedicated customer support team that can be accessed via live chat and email
Is Bitcoin Profit Right For Me?
Should you try the Bitcoin Profit platform? If you’re interested in trying out an automated crypto trading system that enables you to make a profit from the volatile cryptocurrency market without any personal effort or research necessary, you could well find that this software is right for you. It’s especially useful for novices in the trading sector who want to enjoy a convenient solution, and while some trading bots can’t be relied upon, this one is a reputable choice. Although no trading system will ever be entirely foolproof, if you adopt a sensible strategy for money management you should find this platform gives you the best opportunity to make a profit with minimal effort.
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