Looking for earnings surprise from Cheetah Mobile - 1-day trade
Cheetah Mobile has beaten earnings estimates on 8 out of its last 10 earnings dates. That makes it a good candidate to win again. Generally, when Cheetah Mobile beats estimates, it rises for just a single day and then falls again the day after. I've made a $500 bet that we get an earnings surprise, and I will liquidate the position tomorrow morning either way.
As a general rule, companies whose stock price has declined in recent weeks get a bigger bump from an earnings surprise and a smaller drop from an earnings miss. In addition to having routinely beaten estimates, Cheetah Mobile has also seen a 30% drop in share price since March. That makes it a good candidate for an earnings play.
As a general rule, companies whose stock price has declined in recent weeks get a bigger bump from an earnings surprise and a smaller drop from an earnings miss. In addition to having routinely beaten estimates, Cheetah Mobile has also seen a 30% drop in share price since March. That makes it a good candidate for an earnings play.
Nota
Cheetah reported an earnings miss, but a revenue gain. It climbed as high as 2.5% in after market trading. It lost most of that, but as of 7:30 am it's up about .5%.Nota
I closed out my position while it was up. Good thing, because it's now down 4%.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.