Terry's Tips Stock Options Trading Blog

On March 23, ADBE reported earnings that easily beat estimates on both revenue and profits. Moreover, the company raised earnings and revenue guidance for the fiscal year. In response, several analysts raised their price targets. Despite the positive news, the stock price was sluggish in the two days following the report. Perhaps that was a response to the 10% rally that began two weeks before earnings.

On Thursday, DRI – whose brands include Olive Garden, Longhorn Steakhouse and The Capital Grille – reported earnings that blew out expectations on both revenue and profits. The company also announced that its dividend would more than double along with a $500 million share repurchase program. The news was warmly greeted by the Street, which showered the dine-in chain conglomerate with a slew

SBUX received an upgrade and price target increase from Wedbush on Friday. The analyst believes the coffee purveyor will exceed its 2021 earnings-per-share range as it better adapts to the pandemic environment with lower drive-thru wait times. Moreover, the company is positioning for a post-COVID world with an enhanced menu that should leverage its strength in China and the U.S.

SE is an online gaming and multimedia entertainment company based in Singapore. The company reported earnings in early March that missed estimates on earnings but beat on revenue on a 72% increase from a year earlier while Q4 bookings more than doubled.

It wasn’t that long ago that KSS was given up for dead. At the bottom of last year’s plunge in late March, the stock bottomed out below $11. Retail was in trouble. Today, the stock is up five-fold after a blowout earnings report this past week. Earnings more than doubled the analyst estimate.

DELL reported quarterly results Thursday after the bell that easily beat expectations on both revenue and earnings. The company shipped more than 50 million PCs in 2020, a record high

TSM is in a sweet spot. It’s one of the few manufacturers of chips amid a worldwide shortage, especially in the automotive industry. TSM is a true manufacturer that provides chips to several semiconductor companies that have turned to outsourcing their production needs.

Cloudflare (NET), a cloud platform and cybersecurity services company, reported earnings after the bell on Thursday that beat analyst estimates for revenue, earnings and guidance. In response, several analysts raised their price targets to a range between $88 and $105 (the stock closed at $85.95 on Friday).

ServiceNow pushed upward to a fresh all-time high in the past week. The following two articles outline some of the reasons that are driving the growth

Wedbush recently raised their MSFT price target to $270 from $260 and said they see potential for it to reach as high as $300.