TSLA earnings are the catalyst for the week. Today is the day, after the close.
The long-term down trend was broken with multiple gaps higher in the last 2 weeks. If you prepare a game plan to trade the stock today make sure you have the risk tolerance for the swings. It’s not for everyone.
Here is some news for TSLA earnings before the day unfolds:
Here’s what to expect:
Earnings: Tesla is expected to report an adjusted first-quarter loss of 50 cents a share, according to analysts polled by FactSet. That compares with adjusted earnings of 12 cents a share a year ago.
Revenue: Those same analysts are expecting sales of $1.04 billion for the quarter, after $713 million a year ago.
Stocks to Trade |Wednesday May 6, 2015
- SPY/general market is about as neutral as it can get. Flipping days back and forth. Higher premarket I expect follow through lower.
Interesting Chart Lessons:
- retail stocks weak. Should be able to trade them on the short side for the coming month.
- Many more breakdowns and 20 day breakdowns than longs. (although more stocks in up trends)
Earnings in play today > 1M avg shares: CHK, RIG, MRO, TSLA, OXY, MET, WFM, ATML, PDLI, PRU, DYN, DDD, GMCR, BUD
Bullish Ideas Volume Price ATR: AMZN, CAT, CRM, EXPE
Bearish Ideas Volume Price ATR: TWTR, RCL, YELP, WYNN, KSS, FSLR, LVS, HD, FB, BA, CELG, BIDU, BABA, APC
Weak Stock Weak Close: AKRX, AMAT, DDD, GLW, HRB, IP, MGM
Strong Stock Weak Close: – BHI
Weak Stock Strong Close:
Strong Stock Strong Close:
20 day Breakdown: – AVP, BABA, BIDU, CYTX, IP, IWM,
20 Day Breakout: – CLD, CLF, DO, RDC, RIG, TASR
2x Normal Volume: RGP, CRM, IP, TASR, DIS
Core Watch List Longs: BK, COF>83, JPM, MRK
Core Watch List Short: AXP, BBY, COST, CVS, CVX, KSS, TGT, EMC, KLAC, LEN, NTAP, TOL, TXN, UAL, WMT, WYNN