T Stock (AT&T) Jan 2013 Options Expiry Update & Earnings Outlook

T Stock options expired on Friday and by continuing to stay at the $32 put strike my January naked puts expired. I am now holding Feb naked puts at the same strike, namely $32 on T Stock. On Jan 24 AT&T stock is expected to announce the latest quarterly results. The average estimate is for .47 cents per share versus last year’s same quarter of .42 cents. This is an 11% increase which might be a stretch for AT&T Stock.

T Stock Last Quarter Growth

Last quarter AT&T growth was dominated by growth in wireless revenues. 81% of total revenue was created by wireless, wireline data and managed IT services in that order. Wireless was up 18.3 percent pushing revenue up $1 billion over the same quarter of the previous year. AT&T also had its strongest postpaid wireless subscriber growth in 6 quarters with smartphone sales of 6.1 million and the postpaid customer based at 44.5 million which was up 1.4 million from the second quarter in 2012.

They were decent numbers but can AT&T Stock provide this much growth again? It will need to cover other divisions that are not performing as well to reach that 11 percent increase per share.

T Stock Chart for January 2013

T Stock has had a weak January with 7 of the past 13 trading days in January being down days. The stock has lost 7.7% falling from 35.50 on January 7 to a low of $32.76 on January 18. That same day T Stock jumped from the low of $32.76 to actually close up for the day at 33.44.

T Stock January 18 2013

T Stock to date in January 2013 has been weak

T Stock Technical Outlook

But was the jump on Friday January 18 more technical in nature?

The rest of this AT&T Stock strategy article is a FullyInformed Members article as it delves into a technical outlook on AT&T Stock and discusses my plans for my positions going forward. This FullyInformed Members Article can be directly accessed through this link or Members can login here. Non-members can join here.

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