Mostly Trapping

Article this morning on Canada Goose
Oct 21, 2019 08:52 ET
Comments: Overview:
There has been a lull in the news for Canada Goose (GOOS) and has subjected this stock to becoming range-bound. In the coming weeks, investors should expect the Q2 2020 results and I believe this is a tradeable event that capitalizes on the trends of previous earnings reports.

With this, one of the mantras of Canada Goose’s management team is to underpromise and overdeliver which leaves a degree of certainty that they will be able to outperform. Investors seem to have picked up on this and now want an earnings beat and a guidance revision to the upside to just stay appeased.