Analysts estimate revenue of $2.73 billion, which is up 16.5% from last year.  BBBY has shown year-over-year revenue growth in both of the two previous quarters. In Q2, revenue rose 12.1% from the previous year and Q1 revenue rose 5.1%.  BBBY ranks 2^nd in quarterly revenue growth year-over-year compared to 7 other companies within its industry.

Currently BBBY has a (ttm) P/E ratio of 14.03 and ranks 2^nd out of 7 companies considered leaders within the home furnishing industry.  This method of valuation can be used as a measure of a company’s past performance and takes into account future growth expectations.

Chart provided by S&P Capital I.Q.

Author: Tyler Sciortino

Current Student at Roosevelt University, Majoring in Finance.

Contact for questions or inquiries at tsciortino@mail.roosevelt.edu

Looking back at Nike’s first quarter, they had earnings of $1.27 with an estimate of $1.12, so a beat by $.15. The stock actually sold off the following day from poor gross margins, higher SG&A and increased tax rates. If this is a tell-tell sign about increased tax rates there is definitely going to be some concerns over ‘fiscal cliff’ tax increases…something to keep in mind.

How about that chart?

The daily chart is showing no clear direction of trend, but when you look at the Bollinger bands you can see how they are squeezing down and indicating a big move. The 50 and 200 moving averages are also flat and this usually indicates a bigger move in the near future…and what better timing then an earnings report to make that move!

I’m not currently holding NKE and do not plan to going into earnings, but I am looking for a 5%+ move after the bell. Those flatting moving averages and squeezing Bollinger bands are too enticing.

Author: Peter Nitso

pnitso@yahoo.com

• Apple released iOS 6.0.2 in order to fix bugs that would impact Wi-Fi for the iPhone and iPad

• Apple was awarded the patent today for the design of the first generation iPhone

• Acquired the network licenses needed to start sales of cellular- enabled iPad mini and fourth-generation iPad

• Strong sales in China have experts eyeing the $750 price target and re-evaluating estimates of iPhone sales

Silver and gold ETF charts are presented below, with their respective 50, 100, 150, and 200-day moving averages (DMA). The 50=yellow, 100=blue, 150=purple, and the gray=200…some argue that these figures are completely arbitrary, but they have perhaps become a self-fulfilling prophecy, for the market does indeed respect them. These setups of interest in the GLD and SLV include trend-line support and moving average support.

First off in the SLV, the market seems to be coming into the 100 DMA at around $31.00. At last check, the market is a mere $0.17 away from this level. The $31.00 level also connects to three prior support levels via a trend-line. The GLD is appropriately seeing a similar picture, however without the key 100-DMA. The trend-line in GLD has similar prior touches, but the upward momentum is not confirmed with price staying above the 100 DMA. Perhaps a pair trade could be advised here, getting long the SLV and short the GLD, aka long the better looking chart and short the mediocre chart. A pair trade involves properly sizing the appropriate amount of shares to the same dollar amount.

One should note that the SLV has massive open interest in the soon to expire December options. The $32.00 December line, that expires this week, has over 45,000 contracts open and may act like a magnet; helping the pair trade.

Feel free to e-mail any comments, feedback, suggestions, or general inquiries to… Author salernoma@mx.lakeforest.edu