$NKE Trading Levels. Results Out Tonight.

$ORCL Reasonable Results. Trading Levels.

"Oracle brought in total revenue of $10.8 billion, a hike of 12% on the same period last year, and a shade above analysts' estimates of $10.75 billion.
Excluding items, the database giant earned 75 cents a share, up from 60 cents a share in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for earnings of 71 cents a share." 
Street.com

Very reasonable results IMO. 13 p/e on forward 1 year estimates os $2.40 gives $31.20 .

$BBBY Will Re-Test Highs?

"Revenue at stores open at least a year rose 7 percent. That's an important retail measurement because it excludes the effects of stores that open or close during the year.
The company reported net income of $180.6 million, or 72 cents per share, for the quarter, compared with $137.6 million, or 52 cents per share, in the same quarter last year. Revenue rose nearly 10 percent to $2.11 billion.
The results beat analyst expectations of 62 cents per share on revenue of $2.07 billion, according to FactSet.
Bed Bath & Beyond said it now expects to earn 77 to 82 cents per share for the second quarter. Analysts had expected 82 cents per share.
In raising its full-year forecast, Bed Bath & Beyond said it expects earnings to rise 15 percent to 20 percent from last year. In April, the company said it expected a 10 percent to 15 percent increase." AP

Good results; 15P/E for a 10% sales grower seems reasonable which gives something in the area of $55.00 to 57.00 . (No debt...full of cash).

$ADBE Overreaction? Second Day Levels.

"Profit excluding certain costs in the second quarter, which ended June 3, rose to 55 cents a share, Adobe said in a statement yesterday. That compared with the 51-cent average analyst projection in a Bloomberg survey. Revenue increased 8.5 percent from a year earlier to $1.02 billion, topping analysts’estimates for $995.7 million.
In the current quarter, profit before some expenses will be 50 cents to 56 cents a share, Adobe said. That compares with a 54-cent average analyst prediction. Revenue will be $1 billion to $1.05 billion, the company said, while analysts had estimated $1.02 billion" BLOOMBERG

IMHO seems to me there was some overreaction

$KMX Second Day Levels.

"...posted net income of $126.3 million, or 55 cents per share for the three months ended May 31. That's up from $101.1 million, or 44 cents per share, a year ago. Earnings included a 3 cents per share gain related to its financing arm.Revenue rose 18 percent to $2.68 billion on strong used car sales and higher prices. Sales at stores open at least one year increased 6 percent.
Analysts surveyed by FactSet forecast adjusted earnings of 47 cents per share on $2.52 billion in revenue"

Adam H. Grimes Seminar on Entry Techniques. $study

Very interesting seminar. This is about one hour long , but took me about two hours or more to listen since its very rich in interesting trading statistics/observations that I had to keep stopping/rewinding so as to write down salient points such as:

- Only 4 types of trades exist really. (5 minutes 30 seconds)
- Difference of and proper use of "TippingPoint" and "Scaling In" entries. (10 minutes 20 seconds)
- Clarification/consistency of your time-frame. (19 minutes 30 seconds)
- Relation between the open and the day´s range. ( 34th minute )




Note that he is a swing trader, not an intra-day trader...trades based on daily bars...but honestly a lot if not all that he says can be "brought down" to a lower time frame.