INTU is expected to be at $130 before the ER. glta!
i thought abt shorting at 130 but didn't. now i am a happy guy
This stock has been pumped up by Paul Mampilly based on his erroneous research stating that Intuit will benefit from its Rocket Mortgage product. Unfortunately Paul's subscribers didn't know that is owned by Quicken Loans. They bought the stock anyways. Me thinks this will be a great short after just before the next earnings report. It is "easily the number 1 stock" to short for May!
Here's a tip for TurboTax users. I worked for them in phone support. There we lived and died by the customer surveys. When your record comes up on our computer (we mostly work from home) it shows your past survey responses. If you have a record of giving good ones the agent might make a little more effort to find a solution for your issue.
The whole tax business is a race to the bottom. However QuickBooks might have some potential.
Looks like a red flag to me. Earnings per share are anticipated to be way lower than anticipated, yet the revenue is only marginally lower.
[2016-MAY] Intuit Inc. NASDAQ : INTU Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stock
ouch, looks like now, just like in 2015, heading for a 20% discounted pps range again soon
Two insiders just registered automatic sales of up to 90,000 shares each between now and March 2017.
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$INTU beat Q4 estimates by 10 cents reporting earning 8 cents. Revenues of $754M were up 8.3% year over year & beat estimates by $21.26M