Trading Earnings: Flying headfirst into the Storm
We hope our readers are taking advantage of our trading earnings picks. Since the start of September, when we advised our readers that the market was headed lower, we have made 5 short trading earnings calls on this page.
- Sep 5: XTRX @ $12.83 now $6.27 a 51% gain
Sep 12: GS @ $154.38 now $101.34 a 34% gain (was as low as $86 intraday)
Sep 19: KMX @ 16.50 now $10.10 a 39% gain
Sept 26: WAG @ $31.45 now $25.28 a 19.6% gain
Oct 3: AA @ 19.81 now @ $12.46 a 37% gain
This week’s Trading Earnings Pick
Delta Air lines (DAL) is set to report earnings before the market opens on Wednesday, October 15th. Delta Air Lines is a global airline with Delta and Delta Connection carrier service to 311 destinations in 52 countries.
DAL is expected to earn a profit of 1 penny for its 3rd quarter. We expect the airline to announce earnings that will beat investors’ and analysts’ expectations.
Consensus estimates started the quarter at a loss of 34 cents and now stand at a profit of a penny. With oil prices, one of their largest costs, all airlines are benefitting with major savings. We wouldn’t be at all surprised to see the carrier post a profit of a nickel or more.
The stock has been as high as $10 recently. Now, with current market conditions, it’s hard to say what a positive earnings surprise will do or how long it will last. Last time out, DAL reported a surprise of $0.25 on July 16. The stock closed at $4.67 on the 15th and was $5.91 the next day.
Suggested Stop: $4.50
With earnings season kicking into full swing, we will have plenty trading ideas for our subscribers in the weeks ahead
Tags: analysts' expectations, beating earnings, cal options, call, earnings, earnings announcements, missing earnings, option, put, put options, Stock Picks, trade on earnings, Trading Earnings, Trading Ideas, upside surprise, wall streets expectations
