DLTR-Dollar Tree Inc Earnings Report | Stocks to Trade 8-24-17

DLTR-Dollar Tree

DLTR-Dollar Tree Earnings Report

Factors to Watch Ahead of Dollar Tree’s (DLTR) Q2 Earnings

Dollar Tree, Inc. DLTR is slated to release second-quarter fiscal 2017 results on Aug 24. The question lingering in investors’ minds is whether this discount store retailer will be able to post a positive earnings surprise in the quarter to be reported. 

While Dollar Tree delivered a negative earnings surprise in the last reported quarter, the company has outperformed the Zacks Consensus  Estimate by an average of 1.5% in the trailing four quarters. So let’s see how things are shaping up prior to this announcement.

nasdaq.com/dollar-trees-dltr-q2-earnings

Why some retail earnings could present surprises on Thursday

As a dismal quarter for retail earnings winds down, this week’s batch of quarterly reports may hold some rare positive news for the
beleaguered group of stocks. Among the companies scheduled to report on Thursday before the opening bell are Dollar Tree, Tiffany and Abercrombie & Fitch; GameStop and Ulta Beauty are set to report after the market close. And on Friday, Big Lots is set to announce its earnings before the market opens. 

“This has been an unusually disappointing quarter for retailers, with only about half of the companies beating estimates, while over 70 percent in the S&P 500 have beaten those estimates. This is the last week where we could see some positive surprises,” said Erin Gibbs, portfolio manager at S&P Global.

cnbc.com/retail-earnings

DLTR-Dollar Tree Inc Before Earnings 8-24-17

DLTR-Dollar Tree Inc Before Earnings 8-24-17

How Successful Traders Think

Download this free 19 page e-book today and join me as I review an email from a struggling trader and give some advice on how to get back on track.

On the Tape Today | 8-24-17

BA-Boeing Co 8-24-17

BA-Boeing Co 8-24-17

BA-Boeing Co trading very much in line with the general stock market, which is a good thing. Although the long term order flow is clearly bullish, we are switching modes and going into a volatility trade. Game planning an expansion in volatility leading to a few days of momentum.

This means we are NOT looking for a bullish move, but large candlesticks for a few days. Consolidations lead to trend days. This is a short term trade without a bias. We are trading the condition of the price action, not the order flow bias. Looking for a short term momentum move, and then an entry in that direction, for roughly two or three days.

 VISIT THE PODCAST ARCHIVE == >>

SPY ETF Chart 8-24-17

SPY ETF Chart 8-24-17 (60 minute)

HEADLINES

Wall Street awaits Janet Yellen and Mario Draghi
https://www.cnbc.com/2017/08/24/wall-street-awaits-janet-yellen-and-mario-draghi.html

Jackson Hole; Debt ceiling jitters; Tiffany earnings
https://gantdaily.com/2017/08/24/jackson-hole-debt-ceiling-jitters-tiffany-earnings/

China accuses Trump of ‘sabotaging’ world trade
http://money.cnn.com/2017/08/24/news/economy/china-us-trump-trade-probe-sabotage/index.html

Single winning ticket nabs $758.7 million Powerball jackpot
http://www.marketwatch.com/story/here-are-the-winning-numbers-for-wednesdays-700-million-powerball-jackpot-2017-08-23

Costco Is Playing a Dangerous Game With the Web
https://www.bloomberg.com//news/articles/2017-08-24/costco-is-playing-a-dangerous-game-with-the-web

How Fair Is Stock Trading? The SEC May Soon Decide
https://www.bloomberg.com//news/articles/2017-08-24/barroom-debate-on-stock-trading-fairness-may-finally-be-decided

Stock Market Sector Performance

Stock Market Sector Performance on 8-23-17

Stock Market Sector Performance on 8-23-17

Stocks to Trade | Thursday Edition 8-24-17

SHORT-TERM MOMENTUM

Bullish Momentum: AA, WB, NVDA, CLR

Bearish Momentum: rh, luv, aal, ual

ORDER FLOW

Bullish Order Flow: WB, TAL, TTWO, BABA, AABA, BBY, VNTV, AA, CCI, ATVI, V, CRM, MA, UPS, CAT

Bearish Order Flow: dks, fl, myl, mnk, hp, lb, pxd, apa, cah, agn, luv, bti, hes, aal, eog, nue, ual, apc, slb,

Double Normal Volume: LOW, MOMO, LUV, CRM, BZUN, XLNX, UTX

Inside Days: msft, sbux, fb, amat, pypl, myl, bsx, wba, nem, unp, tsn, fast, ba, cat, dg, celg, ma, dhr, bidu, lrcx, cost, unh, jnpr, ea

Become a Better Trader. Get Notified.

About the Author

Leave a Reply 0 comments

Leave a Reply: