Below is a breakdown of LikeFolio public predictions from July 23, 2018 - September 11, 2018 (Q2 earnings season). Almost all predictions were made on the TD Ameritrade Network during their Cashtags segment (usually around 11:30AM ET). Many were supported by posts on the Likefolio blog as well as in other media outlets.
Summary: ✔️ 18 correct ❌ 3 incorrect 10 Neutral prediction or still pending
LikeFolio data shows an optimistic outlook TJ Maxx as they continue to grow their consumer base, indicating a pretty positive quarter coming up-- Purchase Intent data is very supportive that this is going to be a very good quarter for TJX & shows more and more people are shopping there.
LikeFolio sees a divergence between the stock's recent run higher and our purchase intent data, which does not support such a move.
Prediction: Bearish ✔️ Result: Stock is 10% lower the next morning before recovering
$BBY slightly bearish August 27, 2018
LikeFolio shows an optimistic outlook for Best Buy. Being such an innovative company, they have an advantage which is the luxury of immediate hands on help & products, resulting in them doing extremely well over the past several years. Concern that stock has run too much given what we see in our data.
Prediction: Slightly bearish ✔️Result: Company reports solid numbers but stock sells from 81 to 77
$DLTR Bullish August 28, 2018
LikeFolio shows an optimistic outlook for Dollar Tree. Offering low prices in over 14 thousand stores, Dollar Tree has done an excellent job increasing consumer happiness. Street is expecting flat quarter; we're seeing a bit of a divergence in the data, opportunity on the bullish side.
Prediction: Bullish ❌Result: Company announced better than expected earnings, stock sells off
$DG neutral August 29, 2018
Comparing Dollar Tree & Dollar General; LikeFolio shows a very optimistic view towards the two companies. They are both focused on where they are as a company & who their target audience is. Dollar General’s PI has been doing extremely well; highest Q2 on record, Q3 is off to a good start as well & Dollar Tree is about the same way. Dollar General is at all time high, whereas Dollar Tree has pulled back quite a bit. The two companies are almost exact mirrors as far as Purchase Intent goes.
$NKE Neutral September 4, 2018
Recapping the negative consumer reaction to Nike's Colin Kaepernick ad.
Prediction: Bullish ✔️ Result: Stock up 10% over the next few days after a great earnings report.
$BBBY Bullish long term September 6, 2018
More consumers are talking about shopping here & it’s being led by their buy buy baby brand because of babies R US closing; Made it easy & convenient for expectant mothers to transition from one store to the other. Taking advantage of babies r us closing & filling in that gap with consumers.