PG Trade on Jul 30, 2019 09:36 from Cklamb: Tradervue User Stock Trades.

PG
Intraday Fundamentals
Shares of Procter & Gamble Co. (PG) surged 2.9% in premarket trading Tuesday, after the consumer products company reported a second-quarter adjusted profit and revenue that beat expectations. The company swung to a net loss of $5.24 billion, or $2.12 a share, from a profit of $1.89 billion, or 72 cents a share, in the same period a year ago. Excluding non-recurring items, such as accounting adjustments for the carrying value of the Gillette Share Care business, adjusted EPS rose 17% to $1.10, above the FactSet consensus of $1.05. Revenue rose 4% from a year ago to $17.09 billion, to beat the FactSet consensus of $16.86 billion. Fabric & home care sales rose 5% $5.65 billion to top the FactSet consensus of $5.49 billion; baby care & family care sales grew 1% to $4.50 billion to beat expectations of $4.42 billion; and beauty sales rose 3% to $3.19 billion, just below expectations of $3.20 billion. For 2019, the company expects sales growth in the range of 3% to 4%, while the FactSet consensus of $69.79 billion implies 3.1% growth. The stock has rallied 26.2% year to date through Monday, while the SPDR Consumer Staples Select Sector ETF (XLP) has advanced 19.1% and the Dow Jones Industrial Average has gained 16.7%.
uly 30, 2019 06:59 AM ET (BZ Newswire) -- News
Fiscal Year 2020 Guidance
The Company said it expects fiscal year 2020 all-in sales growth in the range of three to four percent versus the prior fiscal year. The estimate includes a modest negative impact from foreign exchange, which is largely offset by a positive net impact from acquisitions and divestitures. P&G expects organic sales growth in the range of three to four percent.
The Company is guiding to a GAAP diluted net earnings per share growth in the range of 222% to 240%, noting that the comparison period is significantly depressed by the Gillette Shave Care carrying value adjustment discussed above. Core earnings per share are expected to increase four to nine percent (mid-to-high single digits) versus fiscal 2019 Core EPS of $4.52. P&G said its current outlook for commodities, foreign exchange, transportation and tariffs is expected to provide a modest net benefit to earnings growth in fiscal year 2020.
The Company is not able to reconcile its forward-looking non-GAAP effective tax rate and non-GAAP cash flow productivity measures without unreasonable efforts because the Company cannot predict the timing and amounts of discrete items, such as acquisitions, divestitures, or impairments, which could significantly impact GAAP results.
P&G said its core effective tax rate in fiscal 2020 should be in the range of 17% to 18%.
P&G expects adjusted free cash flow productivity of 90% for the fiscal year.
Capital spending is estimated to be in the range of 4.5% to 5% of net sales.
P&G estimates it will pay more than $7.5 billion in dividends and repurchase $6 billion to $8 billion of common shares in fiscal 2020.
Technicals
ADV 7M RVOL 1.13 BETA .43 ATR 1.48 Short .76% Inst Own. 64.70%
Daily

Hourly

Intraday

This has been strong uptrend that continues to see new highs. The last earning report saw this gap down. It set up for a couple of second plays after the sell off on day one. This stock filled the gap within a couple of day and started reaching new highs.
MCD shows these last couple of days would led us to believe that these stable names with higher inst ownership have a chance of retrace from all time highs that are reached in the PM. Plus, the market is set up to sell off a bit in the opening. That also increase the chance that this could sell off during the opening. It will most likely resume its current trend with the solid earnings report. There are a lot of potential profit takers looking at the action for the few days heading into the report.
Reading the Tape

Out of the gate, I did not read the tape to take this scalp
Trade management

Trade Notes
• Momentum scalp
• I had 120.50 as a level for the initial move after the news hit
• Between tape velocity and the candle forming added to the bias that this would flush 120
• Stop was not planned pre trade, Target was 120
• Timing felt good
• A long wick past the target and the following move back to 120 told me to hit the bid
• May have flattened a little early
• Trade ended just over 2to1
• Aspect Score Poss. Notes
Preparation 7 10 I had a short bias that I want off of the opening high
Hard Work 6 10 In pre market prep yes
Patience 6 10 Not really on the exit
Plan 8 10 Short to 120
Discipline 2 10 I needed a little self talk and may have been able to adjust a stop and hold for a leg down
Contribution NA 10

Replay 0 10