Dicks Sporting Goods DKS Earnings Report 3-13-18

Dicks Sporting Goods DKS Earnings Report

Dicks Sporting Goods DKS Earnings Report

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.

seekingalpha.com/dicks-sporting-goods

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.

barrons.com/dicks-sporting-goods

DKS DIcks Sporting Goods Chart 3-13-18 Before Earnings

DKS DIcks Sporting Goods Chart 3-13-18 Before Earnings

Today's Trade of the Day | 3-13-18

MCD McDonalds Chart 3-1-18

MCD McDonalds Chart 3-1-18

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

MOMENTUM

Bullish Momentum: MU, NWL, TSLA, CORT, NTNX, TWLO, WDC, WLL, WELL

Bearish Momentum:

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

Become a Better Trader. Get Notified.

Cryptocurrency Investing

Bitcoin Chart 3-13-18 BTC USD 60 minutes

Bitcoin Chart 3-13-18 BTC USD 60 minutes

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.

coindesk.com/crypto-tax-calculator

Tape Reading the SPY ETF

SPY ETF Chart 3-13-18

SPY ETF Chart 3-13-18

HEADLINE NEWS

S&P 500 Heatmap

SP 500 Heatmap 3-13-18

SP 500 Heatmap 3-13-18

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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