J.C. Penney: Questions For Q3 2017 Earnings
J.C. Penney’s (JCP) Q3 2017 earnings report is due to be released on Friday, Nov. 10th. Its Q3 2017 preliminary update takes a lot of the surprise out of this report, so there shouldn’t be as much volatility as there normally is.
However, the earnings report and conference call may be useful for providing more details about J.C. Penney’s future expectations (although it has overpromised in the past), as well as quantifying how much the apparel inventory liquidation affected performance during the quarter.
Factors Likely to Hit J.C. Penney (JCP) in Q3 Earnings
J. C. Penney Company, Inc. (JCP) is slated to release third-quarter fiscal 2017 results on Nov 10. The question lingering in investors’ minds is, whether this department store retailer will be able to deliver a positive earnings surprise in the quarter to be reported.
Well the company reported a wider-than-expected loss in the last quarter. Let’s see how things are shaping up prior to this announcement…
JC Penney Shares Could Sink to Record Lows This Friday
Today's Trading Lesson
Stock market volatility is picking up.
If the news about tax reform keeps up through the remainder of 2017, we will need to avoid the chop and only take trades with obvious order flow and room to go.
Most money s lost in a potential change of trend. Today’s video is going old-school with how to correctly enjoy trend lines.
Using moving averages is great, but you miss “working the charts” and you miss getting a feel for how the stock is actually trading.
Hope this video helps.
Today's Trade of the Day | 11-10-17
LB-L Brands produced relative strength on a choppy day. Close above the $48 level offers a new swing trade long. Game planning a $48.50 buy stop with a stop loss below $47. Target to sell the long comes in at $54.
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Stock Market Sector Performance
Stocks to Trade | Friday Edition 11-10-17
Bullish Momentum: ROKU, WLL, LULU, EQT, TSCO, LN, CBS
Bearish Momentum: aa, htz, car, xlnx, cpb
Bullish Order Flow: LB, EL, DLTR, EOG, UNH, COST, FB, AAPL, AMZN, BABA, MA, CCI, JUNO, MAR, ADBE, CRM, CAT,MCD, FSLR, AVGO
Bearish Order Flow: twx, agn, expe, cah, tsla, trip, cvs, w, celg, aap, evhc, mnk
Double Normal Volume: ROKU, TWX, CBS, WLL, EQT, MNK
Inside Days: mrk, mgm, slb, trip, atvi, stx, bmy, hes, bby, khc, low, aaoi, hca, unp, wy, fslr
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