So NVDA blew out earnings and settled up only a few points in the after math. UBNT not so much and punished harshly. So this begs my question to Saul. Based on your earnings thesis and expected upside reporting, would you be inclined to add to HUBS before the earnings release? Since the days of blow outs and 15-20 rises appear to have ended last fall?
UBNT NVDA HUBS SAUL
Of the 4 stocks listed, I wasn’t as familiar with the latter:
https://finance.yahoo.com/quote/BFS?ql=1&p=BFS
Not Saul, but I will throw out a few comments:
http://www.stockta.com/cgi-bin/analysis.pl?symb=UBNT&cob…
http://www.stockta.com/cgi-bin/analysis.pl?symb=HUBS&cob…
http://www.stockta.com/cgi-bin/analysis.pl?symb=NVDA&cob…
IMO, adding before an earnings release is just trading for a few cents…if that is your sole motivation for owning a stock, you are more akin to a day trader. The better question is whether owning a stock now will generate wealth 3-5 year from now…in which case, barring some earnings catastrophe, the timing right before earnings shouldnt matter:
https://www.investors.com/how-to-invest/investors-corner/sho…
IMO, you should feel the market…if the market is getting trashed on earnings day…forgot about it…NVDA reported pretty amazing earnings and even Cramer thought on a different day, another 30 points higher was in the offing.
But again, why day trade…it isn’t necessary.
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Hi Tim, I kind of agree with Duma, you are sounding like a day trader in a way. I do think Hubs will beat their estimates handily, but I haven’t a clue how the market will be doing on the day after they report. I’m usually buying for holding a company I really like, and expect to double or triple over a few years, so I don’t worry about how any particular earnings report will be received, as long as it is objectively good. By the way, hubs did go up to over $100 in December, so maybe some of that expected earnings is taken into account.
Saul
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