$Costco(COST)$ $Micron Technology(MU)$
$KB Home(KBH)$ $Jefferies Financial Group Inc.(JEF)$
๐ฏ๐ฏ๐ฏ Earnings Avalanche & Macro Madness: Fasten Your Seatbelts! ๐ฏ๐ฏ๐ฏ
Mลrena from ๐ณ๐ฟTiger traders!
Ready for some action-packed trading moves? This week is about to hit you like a caffeine-fuelled Tui in the morning โ๏ธ! With earnings from giants like Micron ($MU) and Costco ($COST) dropping in, PLUS a barrage of macro-economic updates, itโs time to sharpen those trading instincts and crush it! ๐๐ผ
๐ป Wednesday: Micron Technology ($MU) Steals the Tech Spotlight!
๐ฏ MU Earnings Incoming:
๐ Current Post-Market Price: $90.90
๐ Target Price: Up to $135 (Thanks UBS for the confidence boost!)
๐ Earnings Report: 25th September ๐จ
๐ Analyst Buzz:
โข Micron is expected to deliver solid EPS growth, and with memory chips in high demand (hello, AI!), this tech heavyweight could give your portfolio the boost it needs! ๐พ๐
โข ๐ข 61% Buy
โข ๐ก 8% Hold
โข ๐ด 3% Sell
๐ฎ Historical Upside: 45.11% ๐
UBS recently adjusted its price target to $135, maintaining a solid buy recommendation. Chips are hot, and so is MU!
๐ Thursday: Costco (COST) โ The Bulk Retail Beast Roars
Costco is gearing up to drop its Q4 fiscal 2024 earnings on Thursday after the bell โ and the expectations are HUGE. ๐ฆ๐ฏ
๐๏ธ Analysts are expecting year-over-year revenue and profit growth, and wait for itโฆ ๐ข Memberships are projected to hit 75 million. Thatโs some serious bulk action, am I right? ๐ณ๐ฅ
โจ Morgan Stanley just bumped up their price target for Costco to $950 from $855, calling it โone of the best compounding growth stories in retail.โ Move over, retailโCostco is lifting the heavy weights! ๐๏ธโโ๏ธ๐ธ
๐ Key Costco Stats:
๐ฐ Current Post-Market Price: $906.50
๐ Price Target Range:
โข $898.46 (Low-end)
โข $1,050 (High-end ๐)
๐ Analyst Ratings:
โข ๐ข 43% Buy
โข ๐ก 32% Hold
โข ๐ด 0% Sell (Yup, not a single โnay-sayerโ out there!)
Costcoโs growth trajectory is packing more muscle than a cost-saver at an all-you-can-eat buffet. ๐๐ Time to bulk up your portfolio?
๐ฏ๐ฏ๐ฏ Double Earnings Shot: Jefferies & KB Home in Focus! ๐ฏ๐ฏ๐ฏ
Letโs zoom in on Jefferies Financial Group ($JEF) and KB Home ($KBH) โ both on the verge of big earnings reports. Strap in, and letโs ride the waves of volatility! ๐๐
๐ฐ Tuesday: Jefferies Financial Group ($JEF) โ Banking on Capital Markets
๐ฏ Jefferies Earnings Incoming:
๐ Current Price: $62.07 (After-hours: $62.91, +1.35%)
๐ Target Price Range:
โข Low: $59.00
โข High: $68.00
โข Average: $65.00
๐ Analyst Recommendations:
โข ๐ข 50% Buy
โข ๐ก 50% Hold
๐ Earnings Report: 3 days to go! โณ
๐ก Upgrades & Buzz: UBS recently initiated a Buy rating on Jefferies (18th September) while Oppenheimer maintained an Outperform rating. The capital markets are looking strong โ will Jefferies lead the charge in the finance sector this week? ๐ผ๐
๐ Thursday: KB Home ($KBH) โ Building Up for a Solid Report
๐ ๏ธ KB Home Earnings Preview:
๐ Current Price: $87.23 (-2.68% today)
๐ After-Hours Price: $87.69 (+0.53%)
๐ Earnings Report: 2 days to go! โณ
๐ Target Price Range:
โข Low: $65.00
โข High: $90.00
โข Average: $78.17
๐ Analyst Recommendations:
โข ๐ก 73% Hold
โข ๐ข Strong Buy & Buy ratings trickling in but a cautious stance from most analysts ๐๏ธ
๐ก Recent Upgrades:
โข B of A Securities maintained Neutral
โข Wedbush: Also reiterated its Neutral stance on the stock. Could this be a post-earnings breakout or a steady climb?
๐ช๏ธ Macro Madness: The Fed is Out in Full Force!
Get ready for some serious macro market turbulence because the Fed is sending out its finest! ๐ค Watch for the volatility (and potential trading setups!) as these guys hit the mic:
โข ๐ Monday: Bostic, Goolsbee, Kashkari
โข ๐ Tuesday: Bowman
โข ๐ Wednesday: Kugler
โข ๐ Thursday: Collins, Powell, Bowman, Williams, Cook, Kashkari
โข ๐ Friday: Bowman, Kashkari
Get those limit orders ready because Powell could send shockwaves across the market! ๐ฅ๐ Or will it be Kashkari that leaves us all saying, โHold my coffee!โ?
๐ฌ Hey Tiger Traders: Will you load up on the bulk-buy potential of Costco or tap into the high-tech magic of Micron this week? ๐ธ๐
@TigerGPT Based on historical data, which stockโs post-earnings action has shown the biggest pop, and should I be on the lookout for a rally post-report? ๐ง
Happy trading ahead! ๐ฅ Cheers, BC ๐
@Tiger_comments @TigerPM @Daily_Discussion @TigerStars @TigerPicks @TigerOptions
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Costco (COST) Analysis:
Business and Industry: Costco is a multinational retail corporation that operates a chain of warehouse clubs. The company offers a wide range of merchandise at affordable prices to its members. Costco's business model focuses on selling products in bulk quantities, which helps to drive down costs and provide value to customers. The company operates in the retail industry, which is expected to continue growing due to consumer demand and e-commerce trends.
Latest Earnings: In the latest earnings report, Costco reported an EPS of $3.79. The company's gross profit margin was 12.55%, and its net profit margin was 2.87%. Costco has a strong return on investment of 17.93% and a high inventory turnover ratio of 11.86. These financial indicators suggest that the company is managing its resources efficiently and generating profits.
Earnings Forecast: Analysts forecast an EPS of $16.35 for the full year 2024 and expect steady growth in the coming years. The company is projected to have a strong gross income of $254.91 billion in 2024, indicating a positive outlook for its business operations.
Capital Flow Analysis: In the past five days, there has been a mix of inflows and outflows in Costco's stock. The total inflow during this period was $6.58 billion, while the total outflow was $2.07 billion. This indicates that there is investor interest in the stock, but it is also subject to some selling pressure.
Trend Analysis: The current stock price of Costco is $906.98, which is close to its resistance price of $907.0. The stock has shown support at $848.0. The average cost is $860.56, indicating that the stock has been trading above this level recently. The profiteer ratio is 0.9768, suggesting that there is upside potential for the stock.
Analyst Viewpoints: Analysts have given mixed recommendations for Costco, with 61% recommending a buy, 8% recommending a hold, and 3% recommending a sell. The mean target price estimated by analysts is $898.46, with a low target of $675.0 and a high target of $1050.0.
Micron Technology (MU) Analysis:
Business and Industry: Micron Technology is a global leader in the semiconductor industry, specializing in memory and storage solutions. The company designs and manufactures advanced memory and storage technologies that power a wide range of consumer electronics, enterprise systems, and data centers. The semiconductor industry is expected to continue growing due to increasing demand for memory chips in various applications, including AI and data storage.
Latest Earnings: In the latest earnings report, Micron Technology reported an EPS of $0.30. The company's gross profit margin was 26.90%, and its net profit margin was 4.87%. Micron has a return on investment of 2.92% and a stable current ratio of 3.41, indicating it has the ability to meet its short-term liabilities.
Earnings Forecast: Analysts forecast an EPS of $1.21 for the full year 2024, with expectations of future growth. The company is projected to have a gross income of $25.04 billion in 2024, indicating positive growth prospects for its business.
Capital Flow Analysis: In the past five days, there have been both inflows and outflows in Micron Technology's stock. The total inflow during this period was $6.25 billion, while the total outflow was $4.79 billion. This suggests that there is investor activity in the stock, but it is also subject to selling pressure.
Trend Analysis: The current stock price of Micron Technology is $90.90, which is below its resistance price of $131.12. The stock has shown support at $88.42. The average cost is $117.11, indicating that the stock has been trading below this level recently. The profiteer ratio is 0.5749, suggesting that there is potential for the stock to rebound.
Analyst Viewpoints: Analysts have given positive recommendations for Micron Technology, with 33% recommending a buy, 3% recommending a hold, and no sell recommendations. The mean target price estimated by analysts is $156.01, with a low target of $67.0 and a high target of $427.13.
Overall, both Costco and Micron Technology have positive earnings performance and growth prospects. However, it is important to note that stock prices can be influenced by various factors, including market conditions and investor sentiment. Therefore, it is recommended to conduct thorough research and consider your investment goals and risk tolerance before making any investment decisions.
Disclaimer: The provided analysis and stock recommendations are for informational purposes only and should not be considered as financial advice. Investing in the stock market involves risk, and the prices of stocks can fluctuate. It is important to do your own research and consult with a qualified financial advisor before making investment decisions.
Morena BC, a great article and update for the coming week for earnings and Fed. Thanks! Have a great day ๐๐๐
Thanks for all the events coming up BC and the Fed announcement dates. A big macro week ahead. Have a great trading week! โค๏ธ
Good to know thx BC! Big Earnings for $Costco(COST)$
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?