12/13 – 3 p.m. New York time
In today’s outcomes, I exited PAY.
12/13 – 9:45 a.m. New York time
Metrics of none of the four symbols under consideration today have improved sufficiently to meet my trading standards. I anticipate opening no new positions today.
The four symbols are NDSN, PIR, SAFM and TNTR.
I have exited PAY for a loss.
12/12 – 7:50 p.m. New York time
All four of the potentials that I have considered for further analysis on Wednesday have Zacks earnings surprise predictor (ESP) scores that fail to meet my standards.
I’m looking at them as possible earnings plays using shares, which requires some potential for a positive earnings surprise. Of the four, NDSN has a score pointing to a negative earnings surprise, and PIR, SAFM and TNTR no surprise-free scores.
NDSN also fails based on a bearish Zacks rank and bearish trend indicators. Zacks will run a fresh analysis overnight, so the ESP scores could all change. NDSN will also require some favorable movement in its price in order to qualify. In any case, I will know prior to the opening bell whether it’s worth giving any of these symbols a further look.
By Tim Bovee, Portland, Oregon, Dec. 12-13, 2017
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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