Why Tiffany (TIF) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and Tiffany & Co. (TIF) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Tiffany is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up- to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for TIF in this report.
What to Expect from Tiffany’s Sales in Fiscal 3Q17
Wall Street analysts expect Tiffany & Co. (TIF) to report sales of $1.0 billion in fiscal 3Q17, which reflects a marginal improvement of 0.6% YoY (year-over-year). Low tourist spending in the US (SPY) and weather- related headwinds could impact the company’s top-line growth rate.
However, increased wholesale diamond sales and continued demand in China (FXI) are expected to drive the company’s sales.
Buy Tiffany ahead of earnings? (CNBC Video)
Today's Trading Lesson
Yesterday I was speaking to my friend Marc about the “right” trade for this market.
It can be challenging. The moves are explosive, but they happen so fast you can miss them. Then you’re stuck without shares or worse, you enter with a poor risk/reward because you’re mad you missed the move.
Anyone who doesn’t understand that, has never traded full time. Emotions, fear of missing out and revenge trading are a part of what we need to control. It’s not as simple as fear and greed.
Clearly the market is a long. But what do you plan to do if the stock market turns lower? Will you short, or let it go looking for a spot to bid? I suggest you decide now. Do you have a stop loss in to protect these bullish profits sent from heaven?
2017 has been a year for the ages for buy and hold. Put a plan in place now to protect your profits. Don’t wait.
Funny tweet from yesterday…
Today's Trade of the Day | 11-29-17
TSCO Tractor Supply Co showing solid momentum and new bullish order flow. Yesterday's fuel candlestick triggers a new swing trade long. If you missed the entry we are game planning a $68 buy stop with a target to sell of $$74.50. Stop loss on a close below $66.
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.
Bitcoin tops $10,000, marks 10-fold increase in 2017
Google’s Waymo: Autonomous Cars With Passengers, No Human Driver ‘Coming Soon’
North Korea’s missile test was a slap in the face to the US and a threat against Trump
Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War”
The best (and worst) stock-market predictions for 2018
Stock Market Sector Performance
Stocks to Trade | Wednesday Edition 11-29-17
Bullish Momentum: TSCO, WBA, DXCM, LB, CVS, DLTR, LOW, ROST
Bearish Momentum: momo
Bullish Order Flow: TSCO, LB, DLTR, ROST, LULU, UNH, DG, HD, MA, COST, DE, QCOM, ADBE, WMT, MAR, PYPY, CRM, AMZN, FB, OSTK, BABA, AVGO
Bearish Order Flow: momo, cbs, agn, eqt, amgn, twx, cah,
Double Normal Volume: SQ, ROKU, MOMO, XNET, NWL, RGC, VNTV, EMR, BAX, DIA
Inside Days: sbux, orcl, wdc, tgt, gps, kss, unp, adm, apc, skx, dks, bby, fslr, cien