Lululemon Stock Ticks Higher as Earnings Approach
Lululemon Athletica stock (LULU) is creeping upward again as its next earnings report approaches.
The shares were up 3.2% Monday morning to above $136 as investors prepared for its third-quarter financial results, scheduled for release Thursday after the market’s close.
(The company moved its announcement back a day following the Wednesday closure of the market to mark the death of President
George H.W. Bush.)
Wall Street is looking for quarterly EPS of $0.69, according to FactSet, topping management’s guidance of $0.65-$0.67.
Lululemon (LULU) 3rd Quarter Earnings: What to Expect
Trading Lesson of the Day | 12-6-18
Incredibly difficult day to game plan new swing trades today with the stock market plunging again pre-market. But day traders can look forward to a solid day of volatility.
Today's lesson is a segment from our course "Cash Flow Machine." I thought the current momentum would be a perfect day to help you find new ideas during this bearish slide. Enjoy!
Stock Trading Ideas Thursday 12-6-18
Bullish Cash Flow: TRI
Bearish Cash Flow: sq, etfc, wynn, mu, bwa, stt, wdc, stx, bby, cof, sti, kors, len, mu, m, pru, mar, kss, bidu, jpm, c, hwn, hon, tgt, gs, rost, ea
Double Average Volume: ATVI, TOL, DAL, TSRO, AET, CLVS, TRCO, DG, UPS, WDAY, PCAR
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Tape Reading the SPY ETF
SPY ETF set to open lower and into support. Slim odds of follow through lower and yet the trade is also not a good long. Today's stock market will be challenging to have conviction unless you trade on a very short time frame.
I have a few friends who are pure day traders and use the 15 minute chart for their main trend. They should have plenty to do today. That style of trading requires fast decisions and the ability to change your bias every hour. If that's not your game plan, you might find today tough to accept risk.
If reward potential doesn't justify the risk, it's ok to be in cash.