MINYANVILLE ORIGINAL E. I. du Pont de Nemours and Company
(NYSE:DD), also known as DuPont, is down 7.84% after the company cut its earnings estimates. ChartLabPro.com went to a sell on the name on October 10 at $48.80.
Back on October 11, we stated that unless you have material inside information, no investor or trader can forecast earnings to trade going into the earnings release
. We are not talking about creating EPS and revenue estimates on the sell-side. We are talking about effectively trading ahead of earning with a high winning probability. However, this earning season has been very interesting since our algorithm has been picking up high probability upgrades and downgrades going into specific earnings -- Chipotle Mexican Grill
(NYSE:CMG), DuPont, Yum Brands
(NYSE:YUM), and Dollar Tree
(NASDAQ:DLTR) are just a few examples.
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No positions in stocks mentioned.
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