I Don’t trust the Earnings reactions on $HOOD
Stock Market Mentor
[{'start': '3.840', 'end': '8.840', 'text': "Hey everyone, it's Scott Trades on"}, {'start': '6.720', 'end': '10.639', 'text': 'Twitter with'}, {'start': '8.840', 'end': '12.400', 'text': 'stockmarketmentor.com and your chart of'}, {'start': '10.639', 'end': '15.920', 'text': 'the day. Want to take a look at Robin'}, {'start': '12.400', 'end': '18.720', 'text': 'Hood. This is ticker H O D. Now Robin'}, {'start': '15.920', 'end': '21.680', 'text': 'Hood announced earnings last night and'}, {'start': '18.720', 'end': '24.160', 'text': 'the green box on Trading View here says'}, {'start': '21.680', 'end': '26.720', 'text': 'it was positive and I did listen to some'}, {'start': '24.160', 'end': '29.279', 'text': 'analysts today saying that they liked'}, {'start': '26.720', 'end': '32.320', 'text': "Robin Hood's earnings. But here's the"}, {'start': '29.279', 'end': '35.280', 'text': 'thing with Robin Hood and earnings. The'}, {'start': '32.320', 'end': '38.480', 'text': 'typical earnings reaction from Robin'}, {'start': '35.280', 'end': '40.480', 'text': 'Hood is usually the opposite of what the'}, {'start': '38.480', 'end': '43.040', 'text': "stock normally does. Now, I'm not saying"}, {'start': '40.480', 'end': '46.160', 'text': 'that is going to happen here, but if I'}, {'start': '43.040', 'end': '49.120', 'text': 'go back here in the past and just look,'}, {'start': '46.160', 'end': '51.120', 'text': 'Robin Hood has had some bizarre earnings'}, {'start': '49.120', 'end': '53.120', 'text': 'reactions. You know, every now and again'}, {'start': '51.120', 'end': '55.280', 'text': "it'll get a normal one, but for the most"}, {'start': '53.120', 'end': '58.960', 'text': 'part, the earnings reactions are are'}, {'start': '55.280', 'end': '60.879', 'text': 'just strange. Even back here in 2023,'}, {'start': '58.960', 'end': '63.600', 'text': 'positive earnings reaction. Okay. Yeah,'}, {'start': '60.879', 'end': '65.840', 'text': 'they missed some. Stock gaps down, holds'}, {'start': '63.600', 'end': '67.600', 'text': 'under the moving averages, and then, you'}, {'start': '65.840', 'end': '71.439', 'text': 'know, a couple weeks later just rips to'}, {'start': '67.600', 'end': '74.240', 'text': 'new highs. Earnings here, gap up, holds'}, {'start': '71.439', 'end': '77.600', 'text': 'up. Okay, normal reaction goes higher.'}, {'start': '74.240', 'end': '79.520', 'text': 'Earnings here. Downside reversal, sell'}, {'start': '77.600', 'end': '82.080', 'text': 'off under the 50-day moving average.'}, {'start': '79.520', 'end': '84.960', 'text': 'Couple days later, rips to new highs.'}, {'start': '82.080', 'end': '87.360', 'text': "Here's another one. No real reaction."}, {'start': '84.960', 'end': '90.000', 'text': "stock had already sold off. Here's"}, {'start': '87.360', 'end': '92.159', 'text': 'another one. Negative earnings reaction.'}, {'start': '90.000', 'end': '95.040', 'text': 'Pulls back to the 50-day moving average.'}, {'start': '92.159', 'end': '97.360', 'text': 'Within four days, the stock is back at a'}, {'start': '95.040', 'end': '100.320', 'text': 'new high. So, negative earnings, bit of'}, {'start': '97.360', 'end': '103.600', 'text': 'a sell-off, new high. Positive earnings'}, {'start': '100.320', 'end': '106.000', 'text': 'here in uh Wednesday, February the 12th.'}, {'start': '103.600', 'end': '108.799', 'text': 'What happens? Stock gaps up. 3 days'}, {'start': '106.000', 'end': '110.720', 'text': "later, making a new low. And so it's"}, {'start': '108.799', 'end': '113.520', 'text': 'just really one of those stocks where'}, {'start': '110.720', 'end': '116.079', 'text': "you can't trust the initial earnings"}, {'start': '113.520', 'end': '118.000', 'text': 'reaction to tell the whole story because'}, {'start': '116.079', 'end': '120.000', 'text': 'you get these mixed reactions. Good'}, {'start': '118.000', 'end': '121.920', 'text': 'earnings, bit of a sell-off, negative'}, {'start': '120.000', 'end': '124.000', 'text': 'earnings, new, you know, rips to new'}, {'start': '121.920', 'end': '126.399', 'text': "high. So it's just a bizarre stock in"}, {'start': '124.000', 'end': '129.440', 'text': "that way. And so I'm looking at this"}, {'start': '126.399', 'end': '132.959', 'text': 'stock right now noting that it sold off'}, {'start': '129.440', 'end': '136.239', 'text': 'after printing positive earnings. Looks'}, {'start': '132.959', 'end': '138.400', 'text': 'like a surprise on both ends. Great. But'}, {'start': '136.239', 'end': '141.520', 'text': 'the stock was unable to get going and so'}, {'start': '138.400', 'end': '143.520', 'text': 'we have a downside reversal and a close'}, {'start': '141.520', 'end': '145.840', 'text': 'near the lows coming on heavier than'}, {'start': '143.520', 'end': '147.680', 'text': 'average volume. Now any technical'}, {'start': '145.840', 'end': '150.000', 'text': 'analyst will tell you that is not a good'}, {'start': '147.680', 'end': '152.160', 'text': "look. And I'm telling you that right"}, {'start': '150.000', 'end': '154.640', 'text': 'here this is not a good look. But what I'}, {'start': '152.160', 'end': '157.760', 'text': 'would like to see from Robin Hood is a'}, {'start': '154.640', 'end': '160.120', 'text': "potential move above this bar. Let's get"}, {'start': '157.760', 'end': '163.920', 'text': "above today's high just around"}, {'start': '160.120', 'end': '165.680', 'text': '5130 and see if this stock can recover.'}, {'start': '163.920', 'end': '168.959', 'text': "Even if it's not tomorrow, maybe next"}, {'start': '165.680', 'end': '170.879', 'text': 'week sometime where the stock flounders'}, {'start': '168.959', 'end': '173.280', 'text': 'down here, you know, pulls back to the'}, {'start': '170.879', 'end': '175.840', 'text': '50-day moving average, kind of does'}, {'start': '173.280', 'end': '178.000', 'text': "this, and then whoosh, you know, we'll"}, {'start': '175.840', 'end': '180.319', 'text': 'look for that new high through there'}, {'start': '178.000', 'end': '182.000', 'text': "because that's how it has traded in the"}, {'start': '180.319', 'end': '184.000', 'text': 'past, even when they had negative'}, {'start': '182.000', 'end': '186.800', 'text': "earnings. So, I'm not really trusting"}, {'start': '184.000', 'end': '189.120', 'text': 'this earnings reaction, but I do want to'}, {'start': '186.800', 'end': '191.120', 'text': 'keep an eye on this stock because they'}, {'start': '189.120', 'end': '194.040', 'text': "did have positive earnings. So, I'm"}, {'start': '191.120', 'end': '196.640', 'text': 'going to set an alert right here at'}, {'start': '194.040', 'end': '200.159', 'text': '5129. And if this stock can get above'}, {'start': '196.640', 'end': '202.319', 'text': 'and stay above 5129, I think this is a'}, {'start': '200.159', 'end': '204.519', 'text': "buy. So, that's just one of many stocks"}, {'start': '202.319', 'end': '206.239', 'text': "we're looking at tonight at"}, {'start': '204.519', 'end': '210.680', 'text': 'stockarketmentor.com. I hope that video'}, {'start': '206.239', 'end': '210.680', 'text': "is helpful. I'll see you next time."}]