Intuit (INTU) reports earnings tomorrow Monday November 20th before the open.

It beats EPS estimates by 43% by average.

The stock goes up 3%, on average, after reporting earnings.

Their best-selling product is TurboTax. They are selling more product online as a digital download and selling less physical discs. This gives Intuit better profit margins and helps them have a better engagement with their customers.

This strategy is the same strategy utilized by the gaming companies such as EA (EA), Activision (ATVI) and Take-Two Interactive (TTWO).

Even though a new Tax Plan might pass legislation, we still think that people will need tax software such as TurboTax.

We are long the January 2019 calls.

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