JAKK - expecting rally on earnings release
JAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind.
If we look at all earnings releases in the past 3 years, they work the same way:
1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%)
2) If there's a strong prior move down, the stock rallies on earnings release (again, almost regardless of hit/miss on estimates)
The Q2 earnings release had a scenario very similar to what's happening right before Monday's Q3 release - long rally up, sharp retracement, then flat and big rally on earnings release. As you can see in the chart, it's in the same setup and if they print a decent number, we should be going up.
If we look at all earnings releases in the past 3 years, they work the same way:
1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%)
2) If there's a strong prior move down, the stock rallies on earnings release (again, almost regardless of hit/miss on estimates)
The Q2 earnings release had a scenario very similar to what's happening right before Monday's Q3 release - long rally up, sharp retracement, then flat and big rally on earnings release. As you can see in the chart, it's in the same setup and if they print a decent number, we should be going up.
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