One retailer is on a tear into earnings this week. How to trade the stock without chasing it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 72%

Breaking News: Markets Nachrichten

Markets,Personal Finance,Ross Stores Inc

Mike Khouw breaks down the trade in Burlington.

Burlington Stores has been on a roll. The stock has gapped up sharply after the last three quarterly earnings releases. If an investor bought BURL on the close the day before earnings and sold it on the close of earnings for each of those past three quarters, a holding period of just 72 hours, a trader would have realized more than 52% in short-term gains.

mountain Burlington, 1 year Burlington Stores is the third largest off-price retailer after TJX Companies and Ross Stores. Selling recognizable brands draws slightly higher income and trade-down traffic. Company same-store sales guidance is flat, up to 2% in 2024; however, bulls believe that may be conservative. Where many brick-and-mortar retailers have been consolidating, Burlington plans to add 100 new stores annually over the next four-to-five years.

All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Click here for the full disclaimer.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Traders expect a monster 18% move in Carvana post earnings this week. How to play itMike Khouw gives an options trade on the used auto seller.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

An options trade on an oil giant before earnings with crude on the move higherMike Khouw breaks down the trade in Exxon.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Traders are betting on an outsized move in Deere on earnings this week — how to play itMike Khouw takes you through how he develops an options trade on a company into earnings.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

History of volatility index shows market not likely out of the woods yet — how to trade itMike Khouw analyzed the history of the volatility index to come up with a trade.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Using a 'bear put spread' to hedge against further market declinesMike Khouw gives an update on his option market hedge.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »