Earnings Trigger Huge Moves
Forget Nvidia (NVDA)…
Lately, the biggest single-day moves we’re seeing are coming from the retail sector.
Case in point…
Just today, shares of Dollar General (DG) are getting plastered – down around -25% after missing Wall Street’s expectations on the top and bottom lines – cutting their outlook – and blaming a “financially constrained” customer on their underperformance.
Then, they also admitted that some of their problems are self-inflicted – as the low-cost discounter needs to improve their stores and better manage their inventory.
Clearly, this is not what any DG investor wants to hear – and the subsequent downside reaction on the stock is living proof.
Yikes.
But on the other hand, all retail news isn’t doom and gloom.
Case in point, Best Buy (BBY).
As you can see below, shares blasted higher today – after the electronics retailer raised fiscal-year profit guidance after exceeding earnings and revenue expectations.
They now expect full-year adjusted earnings per share in the range of $6.10 to $6.35, which is up from a prior range of $5.75 to $6.20.
They also reported that comparable sales growth hit +6% in the domestic tablet and computing categories – and clearly – Wall Street loved the news.
Shares hit a new 52-week high…
…and War Room members who traded my recommendation from yesterday cleaned house today.
Here’s a small sampling of the notes I received this morning:
YOUR ACTION PLAN
With retail earnings triggering such massive moves – both higher and lower – this sets up perfectly for my Overnight trading strategy.
If you’d like to start using these big moves to lock in trading profits, then you’re invited to join me inside The War Room. My next retail trade could be coming out any day – so join our trading community now – so you can be the best one to drop a brag note about your big winner!
Yes! Let Me Into The War Room NOW
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