Chip powerhouse Nvidia's (NVDA) report is far from the only one worth watching today, with discount retailers creating plenty of earnings buzz. Just out of the confessional, Five Below Inc (NYSE:FIVE) and Dollar General Corp (NYSE:DG) are also making moves.
Upbeat Outlook Boosts FIVE
FIVE was last seen enjoying a 3.6% surge to trade at $149.63, after the company shared a second-quarter earnings and revenue beat, issued a strong fiscal third-quarter outlook, and raised its annual forecast. In response, shares saw no fewer than eight price-target hikes, including one from Morgan Stanley to $222 from $210. FIVE earlier surged to a fresh 52-week peak, and now sports a 43.6% year-to-date lead.
In the 10 weeks leading up to the the company's report, options traders bought plenty of calls. This is per the equity's 50-day call/put volume ratio of 2.77 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 88th percentile of readings from the past 12 months.
Dollar General Stock Brushes Off Beat
Quickly brushing off its premarket, post-earnings pop, shares of DG are down 0.9% to trade at $110.31 at last glance. The company posted second-quarter earnings of $1.86 per share on revenue of $10.73 billion, beating expectations while also lifting its annual guidance. The retail chain also said it plans to expand its partnership with DoorDash (DASH) by the end of the year.
Dollar General stock has failed to overtake the $120 region, which has acted as a ceiling for the last 12 months. The equity is off 4% for the quarter, and earlier slipped below a floor at $110.
Calls were popular for DG options buyers ahead of its earnings report. Specifically, at the ISE/CBOE/PHLX, the security sports a 50-day call/put volume ratio of 3.49 that stands in the 97th annual percentile.
