Earnings Preview for Pier 1 Imports Inc. (PIR)

Pier 1 Imports Inc. (PIR) is a global importer of home décor and furniture operating through retail stores and an e-commerce website conducting business under the name Pier 1 Imports. The stock is currently trading around $12.13 at the upper end of its 52 week range of $11.38-$18.45. The stock has been underperforming the market this year falling 21.36% year to date. PIR is scheduled to report earnings after the closing bell today, and the stock is fairly flat moving only $0.02 down on the session ahead of the close.

Over the past 12 quarters PIR has rallied on earnings day 6 times with an average move of 7.32%. The stock appears bearish on chart going into the release having traded below the Ichimoku Cloud for the past couple month on the daily bars. Over the past 12 quarters PIR has rallied from earnings to the nearest options expiration 5 times with an average move of 7.48%. The stock looks as if it could continue its trend and lower further in today’s session. Investors are mainly looking to see strong macroeconomic data implies strong revenue growth for the company. Furniture and Home Furnishings Store Sales economic data has shown healthy gains in the Home Goods retail space over the past 5 years with Pier 1’s revenue growth outpace the market by roughly 2x.

The options market is currently implying a move of around $1.30 or 10.7% in PIR by this Friday’s close giving us targets of $13.43 and $10.83.

Earnings before the Bell Tomorrow for Kroger Co. (KR)

Kroger Co. (KR) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The stock is currently trading around $73.01 at the upper end of its 52 week range of $46.77-$77.74. The stock has been outperforming the market this year rallying 13.49% year to date. KR is scheduled to report earnings before the opening bell tomorrow, and the stock is higher on the session by around $0.67 or 0.93% ahead of the close.

Over the past 12 quarters KR has rallied on earnings day 8 times with an average move of 3.60%. The stock appears bearish on chart going into the release having broken through the Ichimoku Cloud in the past week. Over the past 12 quarters KR has rallied from earnings to the nearest options expiration 10 times with an average move of 5.48%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are seeing favorable earnings estimate revisions as of late which is typically a precursor for strong earnings. Other than the revisions, due to warmer weather investors expect revenue to increase due to a greater number of consumers visiting stores operated by Kroger Co. and spending money.

The options market is currently implying a move of around $2.80 or 3.80% in KR by this Friday’s close giving us targets of $75.75 and $70.15.

Earnings for Oracle Corporation. (ORCL) to be released After the Bell Today

Oracle Corporation (ORCL) is a provider of enterprise software and computer hardware products and services including database and middleware software, application software, cloud infrastructure, and networking products. The stock is currently trading around $44.68 at the upper end of its 52 week range of $35.82-$46.71. The stock has been underperforming the market this year lowering by 0.64% year to date. ORCL is scheduled to report earnings after the closing bell today, and the stock is slightly higher on the session by around $0.03 or 0.07% ahead of the close.

Over the past 12 quarters ORCL has rallied on earnings day 7 times with an average move of 5.16%. The stock appears bearish on chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 12 quarters ORCL has rallied from earnings to the nearest options expiration 6 times with an average move of 5.36%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are mainly looking to see the growth of SaaS, PaaS and Big Data as well as increased revenue from cloud subscriptions. The revenue from cloud subscribers has been lagging in the past.

The options market is currently implying a move of around $1.75 or 3.9% in ORCL by this Friday’s close giving us targets of $46.43 and $42.93.

Qlik Technologies Inc. (QLIK) Unusual Bullish Options Activity Means Profits for Traders

Qlik Technologies Inc. (QLIK) provides user-driven business intelligence to enables its customers via the company’s Business Discovery platform to create and share insights across organizations. QLIK is trading at $36.69 close to the upper end of its 52 week range of $21.04-$37.44. Year to date the stock has outperformed the market rallying 19.09%. The stock ripped to the upside in today’s session by about 2.02% or $0.72.

Late in the session a trader bought 6,929 of the QLIK June 36.5 Calls for $0.45 when the stock was trading at $36.37. This order was recorded a around 2 PM CST on OptionHacker, and the stock rose about $0.40 to $36.77 after the trade hit the tape. Over 7,200 contracts have been traded today hinting at bullish sentiment. The QLIK June 36.5 Calls have traded as high as $0.75 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. There appears to be no specific reason the stock was higher today.

Trade: A trader bought QLIK June 36.5 Calls for $0.45
Risk: $45 per 1 lot
Breakeven: $36.95

If a trader bought a 20 lot of these Calls they would have profited $600 at the highs on $900 in risk. This is a great example of a hugely profitable UOA trade.

ConAgra Foods Inc. (CAG) Call Activity Leads to a Lucrative Trade

ConAgra Foods Inc. (CAG) is a packaged food company providing branded and private branded foods in households as well as commercial foods business serving restaurants and food service operations. CAG is trading at $38.54 close to the upper end of its 52 week range of $28.60-$39.04. Year to date the stock has outperformed the market rallying 6.23%. The stock ripped to the upside in today’s session by about 1.34% or $0.51.

Early in the session a trader bought 5,000 of the CAG July 39.0 Calls for $1.08 when the stock was trading at $38.29. This order was recorded a few minutes after the opening bell on OptionHacker, and the stock rose about $0.52 to $38.81 after the trade hit the tape. Over 7,900 contracts have been traded today hinting at bullish sentiment. The CAG July 39.0 Calls have traded as high as $1.70 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. The stock is most likely bullish today on news of the company pleading guilty in the salmonella outbreak.

Trade: A trader bought 5,000 of the CAG July 39.0 Calls for $1.08
Risk: $108 per 1 lot
Breakeven: $40.08

If a trader bought a 20 lot of these Calls they would have profited $1,240 at the highs on $2,160 in risk. This is a great example of a hugely profitable UOA trade.

Earnings Preview for Adobe Systems Inc. (ADBE)

Adobe Systems Inc. (ADBE) is a software company offering products and services for professionals, marketers, app developers, enterprises and consumers. The stock is currently trading around $79.27 at the upper end of its 52 week range of $58.51-$80.74. The stock has been outperforming the market this year rallying 9.13% year to date. ADBE is scheduled to report earnings after the closing bell today, and the stock is higher on the session by around $0.35 or 0.44% ahead of the close.

Over the past 12 quarters ADBE has rallied on earnings day 8 times with an average move of 5.47%. The stock appears bearish on chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 12 quarters ADBE has rallied from earnings to the nearest options expiration 8 times with an average move of 5.28%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are mainly looking to see Adobe’s Creative Cloud subscriber numbers increasing as well as how the adoption of the company’s marketing cloud and strong growth strategies will fare. Other investors worry weak global economic conditions could lower demand and impact earnings negatively.

The options market is currently implying a move of around $4.24 or 5.3% in ADBE by this Friday’s close giving us targets of $83.51 and $75.03.

UnitedHealth Group Inc. (UNH) Orderflow Reaps Huge Profits in Minutes

UnitedHealth Group Inc. (UNH) is a health and well-being company providing health care benefits to various customers and markets. UNH is trading at $120.70 close to the upper end of its 52 week range of $77.53-$123.76. Year to date the stock has outperformed the market rallying 19.01%. The stock continued to rip to the upside in today’s session by about 2.61% or $3.08.

Early in the session a trader bought 1,000 of the UNH June 119 Calls for $0.89 when the stock was trading at $118.35. This order was recorded late in the day around 1pm CST on OptionHacker, and the stock rose about $2.50 to $120.85 after the trade hit the tape. Over 3,800 contracts have been traded today hinting at bullish sentiment. The UNH June 119 Calls have traded as high as $2.50 in today’s session making this a highly profitable trade. This stock ripped to the upside at 1 PM CST on intraday time frames from today’s session and continued to trade higher. The stock is most likely bullish today on news of rumors of a deal being reached or UnitedHealth Group eyeing Cigna, a competitor.

Trade: A trader bought 1,000 of the UNH June 119 Calls for $0.89
Risk: $89 per 1 lot
Breakeven: $119.89

If a trader bought a 20 lot of these Calls they would have profited $3,220 at the highs on $1,780 in risk. This is a great example of a hugely profitable UOA trade.

Next Week’s (Week of June 15th) Market Preview

The third week of June starts on Monday with the Empire State Mfg Survey at 8:30 AM ET covering a survey of manufacturers in New York State in various industries to report the change in a variety of indicators. Following this release is the Industrial Production at 9:30 AM ET to report capacity indexes and capacity utilization rates covering manufacturing, mining, and electric and gas utilities. Later on in the day is the Housing Market Index to report upon respondents’ rating of the general economy and housing market condition. Following the closing bell to be reported is the Treasury International Capital Report which is a tracking of the flow of financial instrument in and out of the US.

On Tuesday, only one announcement is to be reported an hour before the opening bell. This announcement is called the Housing Starts report, and covers the start of construction on new residential buildings. This is a major indicator because it is a powerful multiplier in the economy that causes a ripple effect among various sectors of the market.

Wednesday has three releases to watch out for beginning with the FOMC Meeting Announcement at 2 PM ET. The Federal Open Market Committee is the group who is in charge of writing the policies governing the Federal Reserve and determines the short-term interest rates in the U.S. Half an hour after this report will be the Fed Chair Press Conference and the FOMC Forecasts. The Fed Chair Press Conference is held to report quarterly economic projections. Immediately after this release is the FOMC Forecast Announcement which is simply the release of the economy’s projections.

Thursday has quite a few reports to be released throughout the day. First will be the Jobless Claims numbers at 8:30AM ET enlightening the public on unemployment claims over the past week. Following immediately after this report is the Consumer Price Index indicating the change in price level of a basket of goods or commonly known as inflation. At 10AM ET will be the Philadelphia Fed Business Outlook Survey covering a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. Most investors watch this carefully because this indicator dictates how various investments will perform.

The last day of the trading week, Friday, has two speakers named John Williams and Loretta Mester speaking at 11:40 AM ET and 12:15 PM ET respectively. John Williams is the President of the San Francisco Federal Reserve Bank and Loretta Mester serves as the President of the Cleveland Federal Reserve Bank. This concludes the announcements and reports for this week.

Key Earnings Reports Next Week

  • After the Bell on Tuesday | Adobe Systems Inc. (ADBE)
  • After the Bell on Tuesday | La-Z-Boy Inc. (LZB)
  • After the Bell on Wednesday | FedEx Corp (FDX)
  • After the Bell on Wednesday | Oracle Corp (ORCL)

Earnings Preview for Men’s Wearhouse Inc. (MW)

Men’s Wearhouse Inc. (MW) is known for being a specialty retailer of men’s suits and a provider of tuxedo rental products in the United States and Canada. The stock is currently trading around $58.32 at the upper end of its 52 week range of $39.77-$60.67. The stock has been outperforming the market this year rallying 31.62% year to date. MW is scheduled to report earnings after the closing bell today, and the stock is lower on the session by around $0.15 or 0.26% ahead of the close.

Over the past 12 quarters MW has rallied on earnings day 7 times with an average move of 8.69%. The stock appears bearish on a chart going into the release having traded below the Ichimoku Cloud on intraday time frames where it is trading in or below the cloud on the 5 min bar. Over the past 12 quarters MW has rallied from earnings to the nearest options expiration 5 times with an average move of 8.84%. The stock looks as if it could continue its trend and drop to the downside further in today’s session. Investors are mainly looking to see how the new Chief Digital Officer will grow sales. Ben Baum has launched a new e-commerce initiative to take tailoring online in hopes of raising sales.

The options market is currently implying a move of around $3.75 or 6.4% in MW by this Friday’s close giving us targets of $62.07 and $54.57.