Disclaimer- This blog is purely information on what I have invested in/traded, I am not recommending ANY stocks, I am not telling you to buy ANY stocks, this is just a conversation
After some crazy IPOs and earnings calls, I decided that I should try to trade companies who’s earning were coming out that day. I created a Robinhood account with strictly $80 almost a year ago to see what kind of returns I could make on swing/day trading (day trading only 2-3 times a week). Only in this past week I decided to trade earnings companies.
Yesterday, 8/7, I saw that Stamps.com had their earnings coming up. After their February earnings, the price fell from 198 to 83. After their May earnings, the price fell from 83 to 36. O figured buying in on $46.51 was a steal, especially with their earning coming up. After buying one share (again, only $80 in my RB account) I waited until the market closed for the earnings call. After the earnings call, the price jumped to 52.61 at which I sold, yielding me ~$6 gain (not much, but with $80 that is 7.5% returns in 45 minutes).
After my success with Stamps.com, I hunted for more companies coming out with their earnings today, 8/8. UBER had their earnings call after hours today, but with LYFT’s above average earnings, UBERs price jumped this morning from 39.64 to 42.57, lucky for me I’m invested in UBER in my fidelity account, but unlucky for me, UBERs earnings call showed the well below average performance this past quarter, causing the price to fall from 42.98 to 37.64 after hours (later bouncing back to 40.30). The companies that I traded today were ATVI, HEAR, and DBX, all with their earnings releasing today. Every stock fell significantly after the earnings besides ATVI. These are my trades: ATVI- bought- $48.65, current- $48.46; HEAR- bought- $9.00, current- $10.75; DBX- bought- $21.47, current- $20.20. I have not sold any of these stocks yet 1. I do not want to be suspended due to pattern day trading 2. I am hoping ATVI or DBX will bounce back a little tomorrow, 8/9 3. Some of the earnings released a little to late for me to sell.
Tomorrow I don’t think I will buy any earnings companies because there will be no earnings calls after hours, I may buy a couple stocks I could see going up Monday after I sell my three current stocks.
Hear is my current watch list for investing, not trading:
UBER– $40.30 (after hours). Obviously this fresh IPO is not producing as well as we hoped with it’s IPO at 45. I still see a strong future for this company, it’s still young, the billions of dollars lost is concerning, but I can look past it for now with its strong future. With Uber’s competitor Lyft also struggling after its IPO, I believe the struggle should only be temporary.
ALGN- 188.28, I have been a strong believer in align for well over a year and I believe this dip is only an opportunity for investors to buy at a discount. The main reason align has fallen so far is because of the trade war and it’s previous earnings last week. This trade war is only temporary, and once the dust settles, the companies who have fallen due to the trade war should only bounce back up.
TCEHY– 43.84. Tencent is another company that was hit hard due to Trump’s announcement of 10% additional tariffs. When you are a company based in the nation the US is at a trade war with, your stock will suffer, but with the trade war only being temporary and gaming DEFINITELY being the future of electronics, this company will be the leader.
LULU- 186.35. I know 3/4 companies on this list are very susceptible to changes with the trade war, I am still very confident In lululemon. Lululemon has been leading the female athletic fashion industry for years, and now they are trying to become leaders in the men’s athletic fashion industry and the self care industry. With their new self care line coming out, that will hurt a little when it comes to revenue, but if they can pull it off and expand upon their self care section, they can definitely become strong competitors in the athletic fashion industry.
Thank you for reading my updates on my personal investments and trades, I hope you find some of my analyses useful and I hope this creates some conversation. Again, I am NOT here to recommend what stocks to buy and where to invest, I am just presenting my view on the day and what companies I find interesting.
-Bux5280
5280 Investing 