Earnings Plays for week of April 6 April 10 (long post)
MONDAY April 6.
DIS.. might be good for a daytrade in anticipation of increased earnings. The stock's chart is deteriorating quite badly so it might show some signs of reversal.. not a screaming buy.
ANEN...my favorite for earnings play.. this is a very good "growth" stock with long range growth.. has a good revenue increase last quarter, eps growth, and Return on equity. ANEN's MFI (market faciliation index) is slightly down indicating a bit of a detioration but it should pick up in anticipation of a good report. Watch this on Friday/Monday.
MSM.. a STRONG BUY.. powerful uptrend.
Rank Type Percentile Graph It's a value stock as well as a growth stock.. and it's technical chart looks very good. It has a fundamental rank of 98%. and insiders are buying as well. It's major obstacle is the volume. Wait for an increase in volume together with price increase.
MSM report last quarter:
2) 1/12/98 - MSC INDUSTRIAL DIRECT CO., INC. REPORTS FIRST FISCAL QUARTER RESULTS -- MSC Industrial Direct Co., Inc. (NYSE: MSM) today reported record sales of $135,609,000 for the first quarter of Fiscal 1998, a 47% increase over sales of $92,214,000 for the same quarter last year. Net income was increased 37% to $9,500, 000 from $6,950,000 last year. Earnings per share were $.28 vs. $.21 in Fiscal 1997, a 33% increase.
WWW Wolverine World Wide another favorite of mine. I'm already long in this one., Doesn't have the best short term chart, but should improve on earnings anticipation. Longer term, however, the chart should improve. Insider buying is high in this company, ranking at 93%. Fundamentals are very good, so is momentum and analyst concensus. It's got good projected growth going forward. I've played this twice before. Revenues and gross profit margin high last quarter. This has 4 quarters of consistent EPS Growth.
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(RI) Ruby Tuesday, Inc. is similar the consistant EPS growth. But it has 7 . Technical chart is super, but in overbought territory. There is money flowing into this company.
RI had some unusual activity in Mid March.. and should continue follow a good report.
Watch the volume here. It should increase at least 150% above the 30 day average volume.
1/13/98 - RUBY TUESDAY, INC. REPORTS SEVENTH CONSECUTIVE QUARTER OF SOLID EARNINGS -- Ruby Tuesday, Inc. (NYSE: RI), today reported second quarter earnings per share of $0.27, up 22.7% from $0.22 a year ago. This marks the Company's seventh consecutive quarter of earnings per share growth in excess of 16 percent. Ruby Tuesday concept reported a 2.5% increase in same-store sales. In addition, the Board of Directors declared a semi-annual cash dividend of $0.09 per share, payable at the close of business on February 12, 1998, to shareholders of record on January 30, 1998.
TUESDAY.. April 7
EGRP.... This is something to watch.. 0.09 0.15.. can be good for a couple of points Monday/Tuesday. This is growth stock.. It's technical chart is good although overbought, Analysts love this stock. 10 brokers give it a concensus of 1.3. Fundamentals are very good as well. Insider buying is very low.
WEDNESDAY, April 8
BGEN Biogen looks overbought but again it's fundamentals are superior. Everyone likes this stock it seems except insiders.. This stock is a very fine case of technicals and fundamentals coming together superbly. It's in the 99th percentil in both technical postion and fundamental rank..
COGNOS... COGNF.. another one of my favorites that seems to have everything.. Technical superiority, fundamentally in the top percentile...Insider buying. It's also a growth stock with very good volume. In my opinion COGNF is a strong buy.
Wednesday..
PKD is supposed to report. I'll have to recheck that.
THURSDAY...April 9
(ABT) Abbot Laboratories .. What's to say about ABT.. I like it.
DIMD Diamond Multimedia... This should be watched Fundamentally superior with good momentum. A nice growth stock.. It's chart slightly deteriorating should improve. Beginning to look oversold.. Can be good entry point before earnings. Insider selling though. Should have more volume.
FNM ....I've played this 4 times in 4 quarters.
ELNK.. still losing but it's loss is narrowing. I'm long ELNK
MTW.. Chart is not too good.. should be watched could be oversold and maybe earnings momentum can push it up.
These companies are on my list but I must confirm report dates: CHML (reporting May 15),VTSS (just called reporting april 13 after market closes),BEAV,QKTN (left message),
FRIDAY April 10:
FAST Fastinal Co. Technically superior. Insiders buying.. It's got good momentum. Analysts like it should do well.
RGFC R&G Financial Technical/Fundamental perfection. One of my favorites.
SLM SLM Holding Corp. Another good one.. this one has good growth potential.. Chart has been deteriorating, but looks oversold.. Perhaps a good entry point before earnings. |
