Bullish Charts - Robust Earnings, Undervalued & 7.79% YieldNavient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions. It also holds, originates, and acquires consumer loans; and performs servicing activities on its own education loan portfolio, including private education loans, and private education refinance loans. In addition, the company offers revenue cycle management and business processing services; and healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, and consulting engagement for federal, state, and municipal clients; public authorities; and healthcare organizations. Further, it provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, and other healthcare providers; and corporate liquidity portfolio and debt repurchase services. The company was founded in 1973 and is headquartered in Wilmington, Delaware.
07/21/20, Navient Q2 Earnings Blew Away Wall Street Estimates
Daily Chart looks Bullish with indicators turning up, positive. BULLISH
The company has a current P/E of only 4.94x
Current EPS: $1.54
Yield: 7.79%
Reported Earnings: Q2 EPS $0.91 Beats $0.47 Estimate
Market Cap: 1.5 Billion
Institutional Ownership: 98.17%
In my opinion, the stock is DIRT CHEAP at current levels.
Compare this company's earnings to Bank of America & Wells Fargo, NAVI is blowing away Bank of America earnings along with many other large banks including Wells Fargo!
I think NAVI should be trading around $30.00 all day long with the earnings the company is delivering.
Long!
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Earningsplay
$TSLA Can Reach $1750+ Post-Earnings CallRight now, I'm keeping a close watch on the correlations again for Tesla. I think if Elon Musk surprises Wall Street again beating earnings, this stock can easily pick up support momentum like it was doing July 13th, and this may pass the $1750 price point. That being said, it is mid to high risk currently at this price given the tight time frame, but I'm still very bullish as I have historically been and likely will be. Keep in mind, everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
$TMBR looking great for a quick breakout!AMEX:TMBR
Looking like a great setup to break out after Earnings!
hitting the 0.382 fib level
signal crossing on the MACD
we've hit a few solid waves of trending down for a little over a month
I'm not thinking this breakout will be a longstanding rally, but definitely opened a few positions to try and take advantage of the possible pump & dump.
Happy Trading!
SMITH&WESSON ($SWBI) 🚨 | This Portnoy Pump is Locked and Loaded🔪 If you are a bear, the last thing you want is to be staring down the barrel of this Smith & Wesson chart especially after Warren Buffet's successor David Portnoy set his sites on it.
SWBI has been on an absolute beast of a run since the bottom as demand for firearms increased during COVID.
We have some clear support levels going into what should be a solid earnings report on June 18th. SWBI is locked, loaded, and ready for gains, we just need to pull the trigger as we target the next resistance.
Support:
We have tested this level already, we may see another test, or we may simply move up from here, both work well for the bulls.
If S1 can't hold, the bulls will need to see the S2 orderblock and S/R flip hold. Although this level could work, it also opens the bulls up to a potential move to the downside as illustrated on the chart.
Earnings is only two days away, losing momentum going into earnings may still result in a nice move for the bulls, but what bulls really want to see is the rally into earnings (as that gives them more flexibility to say close part of their position before earnings come out). Given this, S1 and S2 are the only logical targets for the timeframe.
Resistance:
In a perfect world, the bulls see a move off of S1 right into the R1 prior S/R flip before earnings. This simple and quick play offers about 14% profit.
If the bulls can make it past R1, perhaps on earnings strength, then the R2 orderblock is the next point of contention and is a logical place to look at closing positions after earnings.
Summary:
Nothing wrong with being long term bullish on SWBI, but for those who are just playing the Portnoy pump your ideal play here is a quick trade, in-and-out before earnings. For those a little more bullish, earnings is likely to be impressive and we could see R1 or R2 hit after depending on what happens leading up to the 18th.
What you don't want to do is try to be a hero and go bull below S2, riding the momentum makes sense, but being late to the party could mean ending up being bear food.
Resources:
www.earningswhispers.com + www.theguardian.com + www.fa-mag.com
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ADT [TA] | The Big ShortBig short after earnings??
One more move down?
Short position entry: $5.34
Easy Loot TP: $4.88
Stretched TP: $4.26
Personal Options Play:
- ADT Buy Put Strike $5 | Exp. 8/21
- 3 contracts @ $60 each (if ADT pumps before the dump, these will be cheaper)
Do not trade this, you will lose money
DotcomJack
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BABA Looks Extremely Attractive Before EarningsEarnings are this Friday, and this e-commerce giant is bound to report some really solid numbers due to COVID. The stock recently moved above its 50-day moving average and has been trading in a rising channel. Fuel from earnings could provide the catalyst for the next big move up. Any weakness should be considered a buying opportunity - BABA has a bright future ahead.
Walmart Earnings Double Short?Made a weekly trade on WMT, as writing this we seem to be breaking through $126.
My play:
- WMT $123 Put 5/22 @ $51 per contract.
Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out).
Do not trade this, you will lose money.
DotcomJack
here we go again im game Like that it held 50 At close if breaks upper resistance got a long way to 200 MA. into earning with ACB huge Move hoping for same I'm back in ././$
Short ADT | Weekly Technical AnalysisTechnical Update on NYSE:ADT after earnings...
After we bounce around and come to the close of this pattern we may see a pump toward $6.18 if the market can hold up entirely. We just lost the weak support at time of writing.
Estimated Time: 4 days
Not trading advice, simply TA
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DotcomJack
HOME DEPOT ($HD): Essential Business Uptrend Scalp/Swing✨ New charts every day ✨
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Home Depot has been doing business through COVID, earnings were good last quarter and expectations seem reasonable for this quarter's earnings on the 19th.
Assuming this uptrend continues until earnings, there should be a a nice scalp long or two in here. Let's look for a setup.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling an uptrend (Blue bar color) on the 30 minute chart, and that means we can take long setups with our strategy.
2. With the strategy, we are looking to open a long position after a reaction from either a bullish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias.
3. S2 and S3 look like they will act as support in the current uptrend and offer us a great entries.
4. Our target for our S2 entry (Scalp trade) is a retest of R1, with our stop loss just below the previous gap from the S2 entry.
5. The target for our S3 entry (Swing trade) is the right below the previous swing highs at ~245, our stop for the S3 entry is set below the S4 levels as we expect those levels to support price if we have a correctionary pullback.
6. Exit any positions if stop losses are hit or if Fractal Trend turns bearish (Maroon bar color) indicating a downtrend.
ACTIVISION ($ATVI): Call of Earnings✨ We provide charts every day ✨
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Will Activision's upcoming earnings be as active as their player count since COVID? Or, are we missing some potential Pitfalls? Let's take a look and see if we can't predict ATVI's Destiny.
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1. Range MA is showing an uptrend (Green bar color) for ATVI on the 4 hour chart.
2. With this setup, we want to take long positions when we get a Bull signal in an uptrend (and go short when we get Bear signals in a downtrend).
3. We are currently waiting on a Bull signal, but generally see an uptrend here into earnings.
4. Assuming the uptrend continues, we will be looking for a reaction off of R1 and R2 on a move up into earnings.
5. If we get a surprise upset, or if the broader market pulls us down, we will be looking at S1 and S2 as potential support levels.
6. One possible play here is to wait for a pullback off R1 and then to long on a Bull signal (or simply continued strength). Generally, however, this chart suggests that being long into earnings is at least a sound idea based purely on the trend.
PAYPAL (PYPL): Getting Paid With PayPal✨ We provide charts every day ✨
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It's time to get paid with some PayPal (PYPL) plays. Let's go!
Today we are looking at PayPal's chart going into earnings. The bet is that this online payment company did will during the second quarter under COVID and that we will be seeing new highs going into earnings on May 6th or shortly after.
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1. PayPal is already back up near its previous highs, having gotten rejected at the R1 bearish orderblock.
2. We got a long signal from Fractal Trend (Green background color) and a long signal from Breakaway Scalper (Green bar color) back in mid-April. We take long positions when Fractal Trend is bullish and then Breakaway Scalper is bullish, so this setup worked well.
3. We have a trailing stop still active on that long to lock in profits and will be relying on it to signal an exit upon the run up if we break these highs at R1.
4. The idea here will be to stay in the long position into earnings, assuming the strategy continues to give us the "green light." This is because earnings momentum may bring us higher and force quite a few people to cover their shorts as well as earning being great from all the recently generated revenue while everyone has been at home from the quarantine.
5. If we do break down for whatever reason, perhaps due to weakness in the overall equities markets, or perhaps if earnings are surprisingly bad, then support levels to watch are S1 and S2. That said, the idea here is to get paid with some PayPal, and the strategy suggests the best way to do that according to the strategy is to stay in a long position for now. So that is the play.
Bullish on daily, as long as $62.75 holds. Fib levels shownBullish on daily TF, as long as $62.75 holds. Fib levels shown below. Weekly - Possible cup forming and bull flag, but there is bearish RSI devergence. Options - On Friday, April 17, 2020 , 3,850 contracts were bought of the $72.50 call expiring on Friday, May 15, 2020, which are still in OI. 8.5% Move expected. May 8 P/C ratio .42, May 15 P/C ratio .25. Q1 Earnings – They have beat Q1 EPS and Revenue expectations since 2014. Good Luck this week!