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DuPont Is Down After Earnings

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The stock is down 7.84% after the company cut its earnings estimates.

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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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