Trade Alert: Earnings, 4/15/2024

A bullish bet on a company reporting earnings this week.

Apr 15, 2024

∙ Paid

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A Slightly Different Approach With This One

There’s a bullish screen I use on Chartmill that is strict enough that, on some days it picks up zero stocks. On Friday, it picked up three.

One of those three is reporting earnings this week. Estimize and Zacks ESP both expect it to beat Wall Street’s earnings estimates this week (albeit, by a slight amount) and Portfolio Armor’s gauge of options market sentiment is very bullish on it. If the stock moves ~5% higher after earnings, our trade could return more than 200%.

Details below.

Our Bullish Trade

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