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The following companies are expected to report earnings prior to market open on 06/28/2022. Visit our Earnings Calendar for a full list of expected earnings releases.

TD SYNNEX Corporation (SNX)is reporting for the quarter ending May 31, 2022. The business software company’s consensus earnings per share forecast from the 3 analysts that follow the stock is $2.52. This value represents a 26.00% increase compared to the same quarter last year. In the past year SNX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 12.03%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SNX is 8.64 vs. an industry ratio of 8.60, implying that they will have a higher earnings growth than their competitors in the same industry.

Enerpac Tool Group Corp. (EPAC)is reporting for the quarter ending May 31, 2022. The machinery company’s consensus earnings per share forecast from the 1 analyst that follows the stock is $0.29. This value represents a 3.57% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for EPAC is 22.32 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.

Cognyte Software Ltd. (CGNT)is reporting for the quarter ending April 30, 2022. The internet software company’s consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 157.14% decrease compared to the same quarter last year. CGNT missed the consensus earnings per share in the 1st calendar quarter of 2022 by -371.43%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CGNT is -133.80 vs. an industry ratio of -46.90.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $471.5K invested across 3 purchases by Noel Joseph Spiegel, Director at American Eagle Outfitters, Inc. (Symbol: AEO).

Purchased Insider Title Shares Price/Share Value 06/10/2022 Noel Joseph Spiegel Director 20,000 $12.00 $240,000.00 06/16/2022 Noel Joseph Spiegel Director 10,000 $11.65 $116,500.00 06/17/2022 Noel Joseph Spiegel Director 10,000 $11.50 $115,000.00

Spiegel’s average cost works out to $11.79/share. Shares of American Eagle Outfitters, Inc. were changing hands at $12.46 at last check, trading off about 2.2% on Tuesday. The chart below shows the one year performance of AEO shares, versus its 200 day moving average:

Looking at the chart above, AEO’s low point in its 52 week range is $11.43 per share, with $38.05 as the 52 week high point — that compares with a last trade of $12.46.

The current annualized dividend paid by American Eagle Outfitters, Inc. is $0.72/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 07/07/2022. Below is a long-term dividend history chart for AEO, which can be of good help in judging whether the most recent dividend with approx. 5.7% annualized yield is likely to continue.

Free Report: Top 7%+ Dividends (paid monthly)

Click here to find out which other top insider buys by company directors you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Investors in SPDR S&P 500 ETF Trust (Symbol: SPY) saw new options become available today, for the August 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SPY options chain for the new August 3rd contracts and identified one put and one call contract of particular interest.

The put contract at the $355.00 strike price has a current bid of $2.87. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $355.00, but will also collect the premium, putting the cost basis of the shares at $352.13 (before broker commissions). To an investor already interested in purchasing shares of SPY, that could represent an attractive alternative to paying $388.96/share today.

Because the $355.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.81% return on the cash commitment, or 8.20% annualized — at Stock Options Channel we call this the YieldBoost.

Below is a chart showing the trailing twelve month trading history for SPDR S&P 500 ETF Trust, and highlighting in green where the $355.00 strike is located relative to that history:

Turning to the calls side of the option chain, the call contract at the $405.00 strike price has a current bid of $4.88. If an investor was to purchase shares of SPY stock at the current price level of $388.96/share, and then sell-to-open that call contract as a “covered call,” they are committing to sell the stock at $405.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.38% if the stock gets called away at the August 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SPY shares really soar, which is why looking at the trailing twelve month trading history for SPDR S&P 500 ETF Trust, as well as studying the business fundamentals becomes important. Below is a chart showing SPY’s trailing twelve month trading history, with the $405.00 strike highlighted in red:

Considering the fact that the $405.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.25% boost of extra return to the investor, or 12.72% annualized, which we refer to as the YieldBoost.

Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today’s price of $388.96) to be 20%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.

Top YieldBoost Calls of the S&P 500 »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.