Ted on the fundi side---- Go With SKX. I know Crox are popular but I find them really ugly. Sketechers as a company is really thriving. I'll take a peek at the chart too--
ADDDF, five year chart. Am I missing something? Ok, I will buy a few puts to cover a catastrophic earnings but the Options Market is betting only a $2 move.
Quick Trick-- Skechers U.S.A., Inc. (SKX) NYSE - Nasdaq Real Time Price. 39.63-0.15(-0.38%) 50-Day Moving Average 35.40 200-Day Moving Average 38.41 Already we are positive on the idea.... Gross Profit $3+ Billion Pe 9-10////////////////
What Is priced In? From Zaxs For Q3, Skechers posted revenue beat, but a 26% EPS miss. This miss included an unfavorable impact due to foreign exchange rates. The company guided Q4 down significantly. Revenues for Q4 are now expected to be in a range of $1.73-1.78B v the 1.82B prior. Q4 EPS is now seen at a range of $0.30-0.40 v the expected $0.57. Year over year gross margins feel to 47.1% b the 49.9% last year. Estimates The cut in guidance forced analyst to drop their numbers, with estimates falling significantly since earnings. Over the last 30 days, number have fallen across all time frames. For the current quarter, estimates have gone from $0.57 to $0.34, a drop of 40%. For the current year, estimates dropped to $2.25 from $2.65, or 15%. The numbers do not improve much for next year, with estimates dropping almost 11%. The stock has now broken the 200-day moving average and hit highs not seen since August. Normally this would be a bullish sign and there might be some short covering in the works. But the $42 level has been a tough nut to crack this year. This stock has failed four times already in 2022 and given the fundamental challenges, this spot would likely see resistance again. Investors would be better off taking profits and waiting for conditions to improve. If a entry is desired, the $35.30 area is the 50-day moving average and would likely offer some support.
As you know the market is very forward looking and all of this For the current quarter, estimates have gone from $0.57 to $0.34, a drop of 40%. For the current year, estimates dropped to $2.25 from $2.65, or 15% is old news priced in. And the stock moved up in the face of that news. It's classic bottoming action.
Disclaimer- I don't know anything Fan contribution here: My answer would be NO he would not have invaded Ukraine, not because he feared Trump... but I think Trump would've reached out in an attempt to better handle the circumstances that may have lead Putin to invade. As in the proximate causes that lead Putin to such decision. Just my opinion.
Thank you for keeping me in ROST, you taught a old dog how to hold stocks. Here's my basis from Chase, I never really use it for trading.