#$lzb

EARNING UPDATE $LZB La-Z-Boy Incorporated for quarter ending q_Jul18 – Revenue fell, Margins contracted

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on LZB [lwa][/s2If][s2If current_user_can(access_s2member_level0)]La-Z-Boy Incorporated reported earnings (EPS) of 0.39 per share for the quarter ending q_Jul18. This is vis-vis 0.71 per share for the previous quarter ending q_Apr18, a decline of 45.1 %. Compared to last year same quarter (q_Jul17), earnings…

EARNING UPDATE $LZB La-Z-Boy Incorporated for quarter ending q_Apr18 – Revenue grew, Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on LZB [lwa][/s2If][s2If current_user_can(access_s2member_level0)]La-Z-Boy Incorporated reported earnings (EPS) of 0.71 per share for the quarter ending q_Apr18. This is vis-vis 0.25 per share for the previous quarter ending q_Jan18, a growth of 184 %. Compared to last year same quarter (q_Apr17), earnings…

$LZB 2018-06-20 : Transcripts- LZB Edited Transcript of LZB earnings conference call

[s2If !current_user_can(access_s2member_level0)] Please login to read the transcript. [lwa] [/s2If][s2If current_user_can(access_s2member_level0)]”

Q4 2018 La-Z-Boy Inc Earnings Call

MONROE Jun 21, 2018 (Thomson StreetEvents) — Edited Transcript of La-Z-Boy Inc earnings conference call or presentation Wednesday, June 20, 2018 at 12:30:00pm GMT

TEXT version of Transcript

=====================…

$LZB 2018-06-20 : Transcripts- Edited Transcript of LZB earnings conference call

[s2If !current_user_can(access_s2member_level0)] Please login to read the transcript. [lwa] [/s2If][s2If current_user_can(access_s2member_level0)]”

Q4 2018 La-Z-Boy Inc Earnings Call

MONROE Jun 21, 2018 (Thomson StreetEvents) — Edited Transcript of La-Z-Boy Inc earnings conference call or presentation Wednesday, June 20, 2018 at 12:30:00pm GMT

TEXT version of Transcript

=====================…

EARNING UPDATE $LZB La-Z-Boy Incorporated for quarter ending q_Oct17 – Revenue grew, Margins expanded

La-Z-Boy Incorporated reported earnings (EPS) of 0.47 per share for the quarter ending q_Oct17 compared to 0.24 per share for the previous quarter ending q_Jul17, a growth of 95.8 %. However, the EPS declined compared to the same quarter last year (q_Oct16) indicating worsening business..Stock has a market cap of USD$ 1622.38 million . The 52Week high is at 34.09 and the 52week low is at 23.15.…

Intuit (INTU): Increasing adoption of cloud based services and products are expected to carry growth moving forward. Moreover a greater focus on the QuickBooks brand will likely pressure near term margin but lead to substantial long term benefits. This includes the recent launch of QuickBooks financing, similar to Square Capital, which connects lenders and borrowers in a seamless fashion. The biggest concerns now and in the future come from rising competition in specifically from payroll solution providers such as Paycom and ADP. From a tax perspective, H&R Block is right there with Intuit in terms of tax preparation services.

La-Z-Boy (LZB): The furniture company is coming off two significant beats that have sent the stock soaring. Year to date the stock is up 22% and historically has jumped 4% in the 30 days following an earnings report. Continued gains in its wholesale and retail segments should continue to drive sales and margin growth. Meanwhile the broader housing recovery bodes well for the furniture retailer. New furniture is a necessity when purchasing or renovating a home. As Lazy Boy heads opens its fiscal 2017 management is expecting to open 16 new stores, remodel 8 and relocate 3 during the fiscal year.

Dycom Industries (DY): Dycom is on course for another outstanding quarter. The company has topped both earnings and sales expectations in 7 of the past 8 quarters. Shares are up 28% year to date and 43% in the past 12 months. Upwards revisions activity and robust growth projections would have you believe tomorrow’s results won’t deviate too far from its norm. Historically, and surprisingly, the stock has responded well to earnings, rising 3% immediately following a report. Tomorrow’s results closes the books on its fiscal 2016 but also sheds light on the company’s fiscal 2017 guidance.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers

Bank of New York Mellon, Ticker: $BK

Bank of New York Mellon, $BK, is printing a Death Cross, with the 50 day SMA crossing down through the 200 day SMA. Yet this stock looks primed for a move higher. The price action since the August low shows three touches at resistance. Friday pulled back but held near that resistance. The momentum indicators RSI and MACD are both bullish and rising supporting more upside. And the Bollinger Bands® are opening to allow the move. Watch for a break of resistance to participate.

La-Z-Boy, Ticker: $LZB

La-Z-Boy, $LZB, has held up like a rock through the market turmoil, remaining near all-time highs.  Friday was the 3rd touch at resistance.  It has support to push through for another leg higher from the rising RSI and MACD, which just crossed up.  Consider buying it on a new high print.

Northrop Grumman, Ticker: $NOC

Northrop Grumman, $NOC, had a run higher through the end of 2014 and into the first quarter of 2015, but then stalled. But it has moved mainly sideways in a range since. The move Friday though takes it back to resistance at the all-time high with the Bollinger Bands opening. It has support for more upside from the rising RSI and MACD as well. Momentum is on its side. Look for a new high to participate.

Royal Bank of Canada, Ticker: $RY

Royal Bank of Canada, $RY, has trended lower for a long time, the last leg from May through to the August low. Since that low it has consolidated in a wide range and found resistance at about 57. That was until last week when it made a higher high over the top. The Bollinger Bands are opening higher and the RSI has moved into the bullish range while the MACD continues higher. Look for continuation higher to participate.

Tractor Supply, Ticker: $TSCO

Tractor Supply, $TSCO, spent a year in a rising trend before pulling back with the market and establishing a low in August. Since then it has consolidated in a range under 89. That range was broken to the upside last week and bodes for continuation higher. The rising and bullish RSI and MACD support a move higher, as does the Bollinger Bands opening to the upside.

If you like what you see sign up here for how to trade these, more ideas and deeper analysis with better more detailed charts.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Contact me at [email protected] and use the code TRIBETOWN in the message to get either an annual subscription for $556 (10% off) or an annual subscription plus my book signed for $600.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which, heading into October Options Expiration week sees the equity markets looking stronger, but they have not sent the all clear signal yet.

Elsewhere look for Gold to continue its short term uptrend while Crude Oil does the same but might encounter resistance. The US Dollar Index has a short term bias lower for the week in the broad consolidation while US Treasuries are biased lower short term as well. The Shanghai Composite looks to continue in consolidation while Emerging Markets are biased to the upside.

Volatility looks to return to more normal levels relieving the downward bias on the equity index ETF's SPY, IWM and QQQ. Their charts all show strength continuing into next week but with the SPY the strongest followed by the QQQ and then the IWM on the longer term look. Use this information as you prepare for the coming week and trad'em well.