Earnings Preview: What To Expect From Priceline On Monday
The Priceline Group is scheduled to release earnings after Monday’s close. Priceline just hit a record high of $2,067.99/share and is trading near $1,900 now. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Priceline (PCLN) Q3 Earnings to See Agency & Merchant Growth
The Priceline Group Inc. (PCLN) is slated to report third-quarter 2017 earnings on Nov 6 after the bell. We expect the company to perform well this quarter driven by strength in its agency and merchant models. We observe that shares of Priceline have gained 30.5% year to date, underperforming the industry’s 59.9% rally.
Priceline generates the bulk of its revenues from international markets where the agency model is more popular. This is reflected in the merchant/agency split of revenues, which was 16/77% in the second quarter. We expect agency revenues to grow both sequentially and year-over-year in the to-be-reported quarter, driven by strength across priceline.com and booking.com.
Can The Priceline Group Inc. (NasdaqGS:PCLN) Create Value For Investors?
Today's Trading Lesson
When you trade for a living, you have a system for making money. If you’re actually paying your bills from your trading performance, it’s not luck, it’s skill.
The long-term goal is return on investment, a steady growth of capital. Short-term however, the goal is to transform a strategy, into a daily list of stocks to trade.
This will be difficult for most traders because they have not made a commitment to write a trading plan. (How to combine an edge, entry and exit signals and money management.)
Today’s video is a behind-the-scenes look into our pre market game plan meeting. The key take-away from the meeting; it gives you reasons why a trade might be a good idea, but also why it may not be a good idea right now.
We discuss at length, the subtle art of trading an edge, but only if the risk/reward is acceptable.
Enjoy the video. Please leave comments below…
Today's Trade of the Day | 11-6-17
CAT-Caterpillar pausing for just over a week after a large bullish gap. Popped into my list this morning because of the previous two melted candlesticks. Not quite two perfect inside days, but pretty close. Game planning a $137.15 buy-stop for a new swing trade long. Stop loss on a close below $136. Initial target comes in at $145.
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Stocks to Trade | Monday Edition 11-6-17
Bullish Momentum: QCOM, XRAY, AVGO, SRPT, YUMC, NFX, FSLR, LNG, CLR, DXCM, AET, LYB
Bearish Momentum: aaoi, bzun, adp, shop
Bullish Order Flow: AVGO, SRPT, AAPL, MAR, AMZN, NVDA, DLTR, UNH, ADBE, MA, Q, DE, MCD, CAT, JNJ, FB, BABA, UNP, JUNO
Bearish Order Flow: aaoi, twx, evhc, chtr, agn, cvs, aap, wba, cah, tsla, nwl
Double Normal Volume: QCOM, AAPL, ATVI, NWL, CBS, TWX, WBA, AVGO, ICE, W, AET
Inside Days: nwl, symc, c, hal, wfc, hpq, tsla, mo, jpm, celg, wba, apc, dvn, nbl, lb, low, ctrp, xom, cah, cvx, met, cf, hd, pm, apa, amgn, cat, dg, rost, bidu
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