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Today is Wednesday August 3, 2016
Priceline reports earnings Thursday after the bell
One of the superhero shows we watch is DC Legends of Tomorrow
They time-travel and study history.
History tells us that Priceline (PCLN) always beats earnings estimates
It’s done so for the past 23 quarters!
It beats EPS by an average of 6%
But on average, the stock barely moves after earnings
Options are pricing in a 6% move
TripAdvisor (TRIP) reports today after the bell
It has the opposite track record of Priceline.
It’s missed earnings estimates 11 times out of the past 12 quarters.
If you want to buy weekly calls for Priceline
You may want to wait until Thursday morning
If Trip Advisor sells off Thursday morning
Priceline might also trade lower in sympathy
You could buy Priceline calls Thursday morning
and sell them right before the close
If there is a gap up in anticipation of earnings that day
You could make a little profit
That’s our travel advice.
Consider us your “travel agents”
helping you navigate the turbulent earnings season
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