EarningsBeats.com Digest

Published: Fri, 11/29/19

EarningsBeats.com Digest for November 29, 2019

Dear EarningsBeats Digest Member.

Market Vision 2020 - Black Friday Offer

Registration for our first financial conference, Market Vision 2020, is now open! We will be offering a reduced price now through Sunday in honor of the holiday weekend ($127 for EarningsBeats members, $147 for everyone else). If you are interested in learning more or registering, click here to sign up for the Market Vision 2020 newsletter.

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Specialty Retailer Delivers Blow Out Results

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Best Buy (BBY) reported its latest quarterly results on Tuesday morning and the numbers were quite solid. Revenues came in at $9.76 billion vs. $9.73 billion, while earnings easily surpassed Wall Street's estimate of $1.04. Actual EPS was $1.13. These types of beats are exactly what we look for at EarningsBeats.com, especially when they combine with a price breakout:

For those of you unfamiliar with our strategies at EarningsBeats.com, we keep a "Strong Earnings ChartList", where we stockpile companies like BBY that beat both revenue and EPS estimates in their latest quarter, so long as they are liquid (at least 200,000 shares traded daily on average) and also look solid technically, which BBY does. We then run scans against that ChartList on a daily basis to uncover those companies that are also meeting a certain technical indicator like testing its rising 20 day EMA, breaking out, or showing unusually high volume. Bottom line, we want to trade those companies that we can trust (and that Wall Street trusts).

Where better to start than with companies that beat the estimates they provide?

Happy trading!

Tom Bowley

Chief Market Strategist

EarningsBeats.com
Better Timing. Better Trades.