S - Sprint Corporation

Sprint's stock rallies after revenue beat, net phone customer additions
Sprint Corp.'s stock S, +27.71% jumped 1.1% in premarket trade Monday, after the telecommunications company reported fiscal first-quarter revenue that beat expectations, with new postpaid phone customers added after losing them a year ago. For the quarter ended June 30, losses widened to $302 million, or 8 cents a share, from $20 million, or a penny a share, in the same period a year ago. The FactSet consensus was for a per-share loss of 8 cents. Revenue slipped to $8.01 billion from $8.03 billion, but was above the FactSet consensus of $7.99 billion. Postpaid phone net additions were 173,000, after a net loss of 12,000 a year ago, while postpaid phone churn improved to 1.39% from 1.49%. Wireless net additions were 377,000 vs. 675,000 a year ago. "We had another quarter of solid progress in our turnaround with the highest first quarter postpaid phone net additions in nine years, the lowest postpaid phone churn in company history, and finally being postpaid net port positive against all three national carriers after five years," said Chief Executive Marcelo Claure. The stock has run up 28% year to date through Friday, while the S&P 500 SPX, -0.30% has gained 6.4%.
http://www.marketwatch.com/story/sp...-beat-net-phone-customer-additions-2016-07-25

 

Expected profit taking on S this morning after a 27% pop yesterday

 

Yes, S gaining strength. I am looking at selling 1/2 of my remaining 8/19/2016 $6 calls if the run is strong enough



Sprint (S) Stock Rating Raised at Pacific Crest
https://www.thestreet.com/story/136...-at-pacific-crest.html?puc=yahoo&cm_ven=YAHOO

 

The locomotive has pick up steam

 

Sprint Wins Upgrade
Pacific Crest Securities upgraded Sprint to sector-weight from sell. "It appears that lower promotion activity during the next few months ahead of the (Apple (AAPL)) iPhone cycle may provide some breathing room for Sprint," said analyst Michael Bowen in a report.

RBC Capital and Cowen & Co. both raised their price targets on Sprint, which climbed 5.9% to 6.25 Tuesday after jumping 28% Monday.
http://www.investors.com/news/biz/

 

Ciao, Usually their in the journal but on the spot sometimes in the thread. You could say I am all over the board. After the pullbacks jump on the galloping horse

 

A overdue pullback for S this morning but very small and now turning green

 

Now a more significant pull back and still overbought

 

The shorts are all over S today. Sure glad I sold almost all my calls yesterday. All I have left is half of my Aug 19th $6 calls.

 

Correction on that post I still have part of my August 19th $4.50 calls. This gives me an option to take more profit or buy the shares back I sold at a much higher price.

 

SoftBank sees sharp recovery for Sprint, flags much investment for ARM
http://finance.yahoo.com/news/softbank-q1-profit-flat-signs-062811520.html

 

After one down day, now back up and sitting a top the upper BB. I think this statement from the CEO re-sparked the run some what: I plan to spend 45 percent of my time on Sprint and another 45 percent on ARM."

Current Calls
August 19th $4.50
Aug 19th $6
Aug 26th $7 (bought yesterday with mad money for 6 cents)

 

With S still overbought it is pushing against market pressure

 

Moving good now