3 Hot Marijuana Picks to Buy Before The Fall

In the first two months after California dispensaries started to legally sell recreational marijuana on January 1, companies in the cannabis industry increased by nearly $2 billion in value. And now Canada is set to legalize recreational marijuana by this Fall. Savvy investors are already grabbing positions in these 3 picks that are set to soar once the announcement is made.

 

NVIDIA Corp. $254.79

NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Thursday, August 16, 2018. The consensus earnings estimate is $1.64 per share on revenue of $3.11 billion and the Earnings Whisper ® number is $1.80 per share. Investor sentiment going into the company’s earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 78.26% with revenue increasing by 39.46%. Short interest has decreased by 22.9% since the company’s last earnings release while the stock has drifted higher by 0.8% from its open following the earnings release to be 10.3% above its 200 day moving average of $231.07. Overall earnings estimates have been revised higher since the company’s last earnings release. On Monday, July 30, 2018 there was some notable buying of 10,675 contracts of the $250.00 call expiring on Friday, September 21, 2018. Option traders are pricing in a 6.5% move on earnings and the stock has averaged a 6.6% move in recent quarters.

JD.com, Inc. $35.79

JD.com, Inc. (JD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, August 16, 2018. The consensus earnings estimate is $0.10 per share on revenue of $19.21 billion and the Earnings Whisper ® number is $0.11 per share. Investor sentiment going into the company’s earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.00% with revenue increasing by 39.73%. Short interest has decreased by 4.4% since the company’s last earnings release while the stock has drifted lower by 6.3% from its open following the earnings release to be 11.5% below its 200 day moving average of $40.42. Overall earnings estimates have been unchanged since the company’s last earnings release. On Wednesday, July 25, 2018 there was some notable buying of 18,833 contracts of the $36.00 call and 18,757 contracts of the $36.00 put expiring on Friday, August 17, 2018. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 4.2% move in recent quarters.

Home Depot, Inc. $196.30

Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, August 14, 2018. The consensus earnings estimate is $2.84 per share on revenue of $30.00 billion and the Earnings Whisper ® number is $2.88 per share. Investor sentiment going into the company’s earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 26.22% with revenue increasing by 6.73%. Short interest has decreased by 27.7% since the company’s last earnings release while the stock has drifted higher by 3.6% from its open following the earnings release to be 6.0% above its 200 day moving average of $185.14. Overall earnings estimates have been unchanged since the company’s last earnings release. On Tuesday, July 31, 2018 there was some notable buying of 5,463 contracts of the $140.00 put expiring on Friday, September 21, 2018. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 1.3% move in recent quarters.

Applied Materials, Inc. $48.13

Applied Materials, Inc. (AMAT) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, August 16, 2018. The consensus earnings estimate is $1.16 per share on revenue of $4.44 billion and the Earnings Whisper ® number is $1.19 per share. Investor sentiment going into the company’s earnings release has 80% expecting an earnings beat The company’s guidance was for earnings of $1.13 to $1.21 per share. Consensus estimates are for year-over-year earnings growth of 34.88% with revenue increasing by 18.59%. Short interest has decreased by 13.9% since the company’s last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 8.4% below its 200 day moving average of $52.55. Overall earnings estimates have been unchanged since the company’s last earnings release. On Tuesday, July 31, 2018 there was some notable buying of 19,090 contracts of the $55.00 call expiring on Friday, October 19, 2018. Option traders are pricing in a 5.5% move on earnings and the stock has averaged a 3.1% move in recent quarters.

Walmart Inc. $90.18

Walmart Inc. (WMT) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, August 16, 2018. The consensus earnings estimate is $1.21 per share on revenue of $125.72 billion and the Earnings Whisper ® number is $1.23 per share. Investor sentiment going into the company’s earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 12.04% with revenue increasing by 1.92%. Short interest has decreased by 29.0% since the company’s last earnings release while the stock has drifted higher by 3.6% from its open following the earnings release to be 0.8% below its 200 day moving average of $90.90. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, August 8, 2018 there was some notable buying of 5,629 contracts of the $82.50 call expiring on Friday, August 17, 2018. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 5.1% move in recent quarters.

Cisco Systems, Inc. $43.78

Cisco Systems, Inc. (CSCO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, August 15, 2018. The consensus earnings estimate is $0.69 per share on revenue of $12.77 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company’s earnings release has 78% expecting an earnings beat The company’s guidance was for earnings of $0.68 to $0.70 per share. Consensus estimates are for year-over-year earnings growth of 13.11% with revenue increasing by 5.25%. Short interest has decreased by 19.4% since the company’s last earnings release while the stock has drifted higher by 1.5% from its open following the earnings release to be 5.8% above its 200 day moving average of $41.38. Overall earnings estimates have been revised higher since the company’s last earnings release. On Friday, August 10, 2018 there was some notable buying of 10,000 contracts of the $34.00 put expiring on Friday, September 21, 2018. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 4.6% move in recent quarters.

J.C. Penney Company Inc $2.42

J.C. Penney Company Inc (JCP) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, August 16, 2018. The consensus estimate is for a loss of $0.07 per share on revenue of $2.90 billion and the Earnings Whisper ® number is ($0.06) per share. Investor sentiment going into the company’s earnings release has 43% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 22.22% with revenue decreasing by 2.09%. Short interest has increased by 14.0% since the company’s last earnings release while the stock has drifted lower by 11.4% from its open following the earnings release to be 29.8% below its 200 day moving average of $3.45. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, August 8, 2018 there was some notable buying of 28,277 contracts of the $2.50 call expiring on Friday, August 17, 2018. Option traders are pricing in a 20.5% move on earnings and the stock has averaged a 11.6% move in recent quarters.

Macy’s, Inc. $39.97

Macy’s, Inc. (M) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, August 15, 2018. The consensus earnings estimate is $0.48 per share on revenue of $5.59 billion and the Earnings Whisper ® number is $0.52 per share. Investor sentiment going into the company’s earnings release has 55% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 0.68%. Short interest has decreased by 9.6% since the company’s last earnings release while the stock has drifted higher by 25.1% from its open following the earnings release to be 34.6% above its 200 day moving average of $29.68. Overall earnings estimates have been revised higher since the company’s last earnings release. On Friday, August 10, 2018 there was some notable buying of 6,873 contracts of the $40.00 call expiring on Friday, September 21, 2018. Option traders are pricing in a 10.3% move on earnings and the stock has averaged a 8.8% move in recent quarters.

YY Inc. $88.87

YY Inc. (YY) is confirmed to report earnings at approximately 6:00 PM ET on Monday, August 13, 2018. The consensus earnings estimate is $1.81 per share on revenue of $574.22 million and the Earnings Whisper ® number is $1.83 per share. Investor sentiment going into the company’s earnings release has 75% expecting an earnings beat The company’s guidance was for revenue of $562.00 million to $578.00 million. Consensus estimates are for year-over-year earnings growth of 18.30% with revenue increasing by 49.21%. Short interest has increased by 134.3% since the company’s last earnings release while the stock has drifted lower by 20.0% from its open following the earnings release to be 18.5% below its 200 day moving average of $109.05. Overall earnings estimates have been revised higher since the company’s last earnings release. On Friday, August 10, 2018 there was some notable buying of 757 contracts of the $97.00 call expiring on Friday, August 17, 2018. Option traders are pricing in a 8.8% move on earnings and the stock has averaged a 9.2% move in recent quarters.

SYSCO Corp. $68.48

SYSCO Corp. (SYY) is confirmed to report earnings at approximately 8:00 AM ET on Monday, August 13, 2018. The consensus earnings estimate is $0.94 per share on revenue of $15.45 billion and the Earnings Whisper ® number is $0.95 per share. Investor sentiment going into the company’s earnings release has 72% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 30.56% with revenue increasing by 7.14%. Short interest has increased by 10.8% since the company’s last earnings release while the stock has drifted higher by 9.3% from its open following the earnings release to be 10.3% above its 200 day moving average of $62.07. Overall earnings estimates have been revised lower since the company’s last earnings release. On Friday, August 10, 2018 there was some notable buying of 3,418 contracts of the $71.00 call expiring on Friday, August 17, 2018. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 2.8% move in recent quarters.