Five Below FIVE Rockets 13% Higher After Earnings 9-10-18

FIVE Five Below

FIVE Five Below

Five Below soars 13% to an all-time high after strong sales boost earnings

Shares of Five Below skyrocketed more than 13 percent to an all-time high on Friday, the day after the company reported sales that easily beat expectations, boosting its bottom line.

Five Below reported comparable sales growth of 2.7 percent for the second quarter, surpassing the 0.1 percent gain expected by Thomson Reuters.

Net sales for Five Below increased 22.7 percent, to $347.7 million, up from $283.3 million in the year-earlier period.

cnbc.com/five-below-soars-to-52-week-high-after-strong-sales-numbers

Five Below Gives Investors More Reasons for Optimism

Five Below (NASDAQ:FIVE) announced earnings results for the second quarter of fiscal 2018 this week, reporting strong sales growth and improving profitability.

Back in June, the company had predicted weaker results on both metrics, and so investors were happy to see the company beat its own targets.

In a conference call with Wall Street analysts, CEO Joel Anderson and his team explained the drivers behind Five Below’s outperformance, while adding context to their upgraded outlook for the rest of the year.

fool.com/investing/2018/09/07/five-below-gives-investors

Five Below FIVE Rockets 13% Higher After Earnings 9-10-18

Five Below FIVE Rockets 13% Higher After Earnings 9-10-18

Today's Trade of the Day | 9-10-18

After an explosive bullish momentum move, NVDA Nvidia Corp declined perfectly into support. Game planning a new swing trade long using a $272 buy stop. Initial profit target comes in at $289, stop loss on a close below $268.

NVDA Nvidia Corp 9-10-18

NVDA Nvidia Corp 9-10-18


Stocks to Trade | Monday Edition 9-10-18

Bullish Cash Flow Trades: OKYA, AVGO, TSO, EXAS, MTCH, MOMO, ROKU, TWLO, TNDM, CGC, SQ, RHT, TLRY

Bearish Cash Flow Trades: anf, tap, ctrp, len, fast, fl

New 20 Day Breakout: OKTA, AVGO, CBS, XOM, CVS, LLY, ESRX, JNJ, UNP, UNH

New 20 Day Breakdown: anf, tap, fast, psx, wfc, gild, eog, slb, etfc

Double Normal Volume: QCOM, CRON, TSLA, OKTA, AVGO, YNDX, CBS, ADI, ARWR

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 9-10-18

SPY ETF Chart 9-10-18

HEADLINE NEWS

Netflix Stock Rebounds From Bear Market Territory
investopedia.com/news/netflix-stock-rebounds-bear-market-territory/

Trump urges Apple to move manufacturing to the U.S.
marketwatch.com/trump-urges-apple-to-move-manufacturing-to-the-us

China vows to respond if U.S. takes new steps on trade
reuters.com/us-usa-trade-china/china-says-it-will-respond-if-the-u-s-takes-new-steps-on-trade

Microsoft exec: Amazon’s expansion is our opportunity
cnbc.com/2018/09/09/microsoft-exec-judson-althoff-amazon-expansion-our-opportunity

Crypto Wipeout Deepens to $640 Billion as Ether Leads Declines
bloomberg.com/crypto-wipeout-deepens-to-640-billion-as-ether-leads-declines

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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