One of the trades I set up on Jan 29 was in Sysco Stock. It trades under the symbol SYY.
While I was not expecting a big move in the stock, it surprised to the upside as the profit rose beyond expectations along with revenue.
Profit rose to $272.4 million from $158 million and revenue grew 0.6% to $12.15 billion beating analysts estimates on both profit and revenue and increasing both year over year.
This resulted in a big jump in the stock and a big return of 162% on the trade.
Sysco Stock Trade Returns 162%
This article discusses handling of the trade and summarizes it…..The rest of this trade alert and strategy discussion is for FullyInformed Members.
Sysco Stock (SYY) Trade Ahead Of Earnings – Feb 1 2016
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.