Dick’s Sporting Goods: I Still Lack Conviction On The Stock
On Tuesday before the opening bell, Dick’s Sporting Goods (DKS) will release the results of its 2017 holiday quarter. Revenues are projected to land at $2.73 billion, which would represent yet another solid quarter of 10%-plus YOY improvement – this time aided by the extra week in the period.
Consensus for EPS is $1.20, which is set just above the mid-point of management’s pre-shopping season guidance of $1.12-$1.24.
On the top line, sector-wide strength in consumer spending should help Dick’s generate revenues that might top management’s expectations for a low single-digit decline in comps.
Can Dick’s Get Back in the Game?
Dick’s Sporting Goods (DKS) will report fourth-quarter earnings Tuesday, and investors will be looking closely to see how the athletic retailer’s faring against the ecommerce threat.
The competition stepped on Dick’s toes in 2017, and the stock is down some 32% in the past year. Dick’s, and other athletic retailers, were hit hard as investors worried that ecommerce was eating into sales.
Today's Trade of the Day | 3-13-18
MCD Mc Donalds traded into a bearish U-turn and sets up a new sell short. Game planning a $157.25 sell stop. Profit target comes in at $148, stop loss triggers on a close above $158.50.
Stocks to Trade | Tuesday Edition 3-13-18
Bullish Momentum: MU, NWL, TSLA, CORT, NTNX, TWLO, WDC, WLL, WELL
Bullish Order Flow: TWLO, NTNX, MU, LRCX, MOMO, NKTR, SQ, TAL, AMAT, LITE, NFLX, WDC, STX, MCHP, XLNX, CRM, ADBE, AMZN, TWTR, AAPL, ATVI, SWKS, AMTD, MA, CTSH, STI, EA
Bearish Order Flow: lb, oxy, khc, sig, alb, oxy, xom, mcd
Double Normal Volume: MU, NFLX, XL, NTNX, CBS, LITE, BZUN
Inside Days: x, amgn, m, wynn, abbv, mos, ctsh, momo, vtr, cf, tjx, lvs, tal, stx, kss, hon, all, nue
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Coinbase Releases Cryptocurrency Tax Calculator
Cryptocurrency startup Coinbase has launched a new gain/loss calculating tool as part of an effort to help its user base keep up with U.S. tax requirements.
In a blog post published on Tuesday, the firm explained that the calculator can be used to generate a report which outlines their capital gains (or losses) on its platform, using a first-in-first-out (FIFO) accounting method.
The tool comes with a few caveats, however, namely that it’s primarily aimed at users who have bought and sold on Coinbase exclusively – and isn’t recommended for those who have purchased digital assets elsewhere or participated in an initial coin offering, per the blog.
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