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Options Trades - Canopy Growth Corp, Rocket Companies and Pfizer
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Options Trades - Alibaba and Nutanix - CLICK HERE.
More recent trades…..
1. Weekly Options Trade – Nordstrom, Inc. (NYSE: JWN) Calls
Nordstrom, Inc. (NYSE: JWN) is expected to release
its third-quarter fiscal 2020 numbers tomorrow, November 24, after the closing
department store operator is expected to post quarterly loss of $0.01 per share
in its upcoming report, which represents a year-over-year change of -101.2%.
expected to be $3.11 billion, down 15.3% from the year-ago quarter.
In the last reported quarter, the fashion specialty retailer recorded a
negative earnings surprise of 10.2%. The company delivered a negative earnings
surprise of 18.5%, on average, in the trailing four quarters.
However, the situation may not be as grim as it first appears to be,
particularly if we take into account Kohl's
which is basically in a similar situation.
Kohl's Corporation announced better-than-expected quarterly results last
Tuesday, driven mainly by upbeat gross margins.
Recent COVID-19 vaccine developments provide tailwinds for the company,
according to Gordon Haskett.
Although the department store space continues to face challenges, the
company has several strategic initiatives that could lead to top- and
bottom-line growth through 2021, Gordon Haskett analyst Chuck
Grom said in an upgrade
presence of both Ancora Advisors and Legion as shareholders has created some
pressure on the C-Suite up in Menomonee Falls," the analyst said.
we don’t think there are any 'silver bullets' to correcting Kohl’s multi-year
traffic drought overnight ... we do think that a focus on loyalty and leaning
into categories of strength (vs. legacy areas of weakness) seems appropriate,” he said.
Therefore, expect Nordstrom to follow a similar theme and surprise
analysts with an earnings report similar to Kohls.
2. Weekly Options
Trade – Draftkings Inc (NASDAQ:
Loop Capital analyst Daniel Adam initiates coverage
on Draftkings Inc (NASDAQ: DKNG) with a
Buy rating and $100 price target.
Loop Capital lists the total addressable market for
online sports betting and iGaming at $30 billion, which is higher than other analysts
are projecting. Adam said analysts are viewing New Jersey as a mature market
and basing the market size on the state, although he thinks New Jersey is far
Adam said the market size could be $34 billion to
$40 billion based on 75% of the U.S. population having access to online sports
3. Weekly Options Trade – Salesforce.com, inc.
Upgrades - Ahead of the Q3 report on Tuesday, December 1, BMO raised the price
target from $260 to $285 on Salesforce.com, inc. (NYSE:CRM) and maintained an Outperform rating.
Keith Bachman forecasts "~17% y/y
growth in FY2022" for the Services Cloud business and sees "upside tension" existing to "~20% type of growth."
As well, salesforce.com’
s stock had its “buy” rating restated by equities researchers at The Goldman
Sachs Group in a research report issued Thursday. They currently have a $275.00
price target on the CRM provider’s stock. The Goldman Sachs Group’s price
target suggests a potential upside of 11.42% from the stock’s current price.
Also, Jefferies Financial Group boosted their target price on shares of
salesforce.com from $285.00 to $320.00 and gave the stock a “buy” rating in a
research report on Sunday.
And finally, UBS Group set a $325.00 price target on salesforce.com and
gave the stock a “buy” rating in a research note on Thursday.
expected earnings - This
customer-management software developer is expected to post quarterly earnings
of $0.74 per share in its upcoming report, which represents a year-over-year
change of -1.3%.
expected to be $5.25 billion, up 16.3% from the year-ago quarter.
For the last
reported quarter, it was expected that Salesforce.com would post earnings of
$0.67 per share when it actually produced earnings of $1.44, delivering a
surprise of +114.93%.
last four quarters, the company has beaten consensus EPS estimates four times.
Slack - Multiple reports emerged on Wednesday that Salesforce -- a company that
has made dozens of acquisitions over the years -- is in advanced talks to buy
chat/collaboration software vendor Slack (WORK). CNBC and The Wall Street
Journal both report a deal could be announced as soon as next week, with the
WSJ stating an announcement could happen at the time of Salesforce's Tuesday
earnings report. Why buy Slack.....
likely sees a lot of value in the slack connect platform
might also see value in slack's internal collaboration features
sales and marketing muscle could be quite valuable to slack
A deal would
heighten salesforce's rivalry with Microsoft.
news hit Wednesday CRM’s stock price plummeted from a high of $266.10, down to
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