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Chegg, Inc.

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CHGG trade ideas

The Art of Earnings Speculation - First Ask the Right QuestionsIf anybody tells you that "playing" earnings reports is the equivalent to pure-chance gambling is one or more of the following: 1) A person that has recently speculated in the wrong direction and lost all of his options equity in one afternoon 2) A very inexperienced trader or investor that plays "long ball" and thus does not waste time worrying about short-term events 3) Highly systematic traders that have tried and failed at programming the nuanced details required to properly identify highly reactive setups The third point above is what this post is all about. Earnings speculation is wholeheartedly an artform; very little science can be applied to consistent success. Essentially, the keys to speculative success are: i.) Understanding which information is most relevant toward picking out highly reactive situations Start by simply asking the questions presented above (and at the bottom of this section for reference). ii.) Mastering the concept of relativity; within the context of public reaction to financial news Example: For the past three weeks, unemployment numbers have missed expectations. There is another report coming out in 15 minutes. But Tesla just reported that they just got FDA approval for a new model of EV that can administer anesthetics to urgent care patients being transported to the hospital in critical condition. In all likelihood, another miss on the unemployment front will certainly elicit another collective groan, however, the Tesla news will probably cause the net transaction of information to tick the market higher, all else equal. iii.) Knowing that taking both sides of the report is essential to long-term success. Firstly, Wall Street is the dictator of all earnings results. It is the collective average analyst expectations that determine a "beat" or a "miss." A top-line beat refers to a company's quarterly report that posted higher-than-expected revenues than was "estimated" by analysts. Top-line beats and misses have been more relevant in terms of creating highly reactive setups than those of the bottom-line variety. Bottom-line refers to actual earnings - the stuff at the bottom of the income statement that factors in all of the financial trickery companies can take advantage of to become more profitable. The market's recent focus on top-line is, in my opinion, therefore a more correct evaluation of future business success for any given company. For the sake of brevity, I will keep the detailed explanations at a minimum for this post. Ultimately, this is meant to serve as a pre-cursor to those that have an interest in improving their returns when they do (inevitably) speculate on earnings reports. If you find this information helpful, let me know in the comments section. There is so much that goes into successful earnings speculation that one post cannot possibly do it justice. Lastly, I have included the questions presented in the post at the bottom of this write-up for additional reference. -Perma-Earnings-Pig Questions to Ask Before an Earnings Report: 1) How has the stock reacted when it missed estimates in prior quarters? 2) In the same week, how have prices of stocks in the same industry group reacted to surprises in either direction? 3) Where in the last nine-month price range is the stock trading at over the last three weeks? 4) Has the market been trending upward since the prior month? 5) When (date, time, day of the week) is the report? What other companies are reporting at the same timeslot?
NYSE:CHGGEducation
by UnknownUnicorn5511258
10
CHEGG's stock market has promising growth potentialHi every one CHEGG INC CHGG stocks has formed a double bottom which means it is expected that the projected price movement be upward and as equal as the measured price movement but we must wait for the breaking of the neckline but the neckline is already broken now the price sits around 99 but the price can reach around 116! CHEGG is an online training platform, It has performed well over the past year, greatly improving its fundamentals, and there are good forecasts for the company's performance. CHEGG's revenue for the past three months was 154 million$ but Chegg's forecast for next week is 189.56 million$. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
NYSE:CHGGLong
by CobraVanguard
12
$92 Price Target- Told you so.Called this since the bottom after earnings. This is and will be for the foreseeable future a great value stock that will continuously bring in revenue and new subscriptions. Watch for the triple top soon. This triangle is very neutral and will look toward breakouts and dips for new trend analysis. I am not currently invested in this company however I do very much believe in them and they have achieved most of the monetary goals they are setting.
NYSE:CHGGLong
by Undees
CHGG#CHGG, a paper that has already grown by 1000% in 2 years, and continues to grow. One of those who fell very moderately in March 2020, which speaks of the strength of the paper, and has since added another 400%. It was in accumulation since the beginning of August, forming a triangle, at the end of December it broke through, tested it and went up at the last session, reaching the price of $ 96. Now nothing hinders the growth to the next target at 124.58 (+ 40%). I don't know exactly what the company is doing, but the schedule is impressive. As in the case with #EXPI, the growth limit is not visible, you can hold it further
NYSE:CHGGLong
by nur16i