Earnings week 10: Biggest score each day

September 16, 2024

The biggest earnings score each day this week

Let's look at the highest scores for each day of week 10:

Tuesday: [ticker reserved for PRO members] is +36

  • Kellanova's Q2 earnings beat is a bullish signal
  • Expanding in faster growing categories (pet food, healthy snacks)
  • Hedge funds have been buyers in the last 3 quarters
  • Mars-Kellanova merger could spark more snack industry M&A
  • Defensive stock has unusually strong momentum ahead of release

Wednesday: [ticker reserved for PRO members] is -35 (bearish)

  • Lowered outlook, slashed dividend amid declining traffic
  • Website visits are down ~10% from last quarter
  • New menu items failing to attract younger customers
  • Transformation plan is still in the very early stages
  • Stock is on pace to finish lower for the 6th straight year

Thursday: [ticker reserved for PRO members] is +44

  • Stock trending higher as UPS trends lower
  • Web traffic is up from last quarter
  • One FedEx, Network 2.0 initiatives are improving productivity
  • Dividend hike, buyback increase signal confidence in outlook
  • Has topped Wall Street EPS estimates in 6 of the last 7 quarters

Good luck if you decide to play these!

The earnings sheet details the best strategy for playing each one.

If you're not a member of Earnings Season Pass, be sure to check it out. You will get the full sheet with every company reporting, their earnings score, and the best way to play it.

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