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Marc Chaikin of Chaikin Stock Research has developed a proprietary model for predicting stock advances and declines, one that he says is very accurate.
And ahead of earnings, it’s telling him, get out of Wynn Resorts.
On CNBC's Fast Money, Chaikin tells us about his system - something he calls power gauge ratings, “a 20-factor model that distills a lot of influences (on a stocks) such as earnings estimate revisions, earnings surprises, short interest data and insider buying." It’s a quantitative model that he says has been very accurate. In fact, he calls it his GPS for earnings season. And the power gauge is saying that Wynn is very vulnerable. "Although they reported a positive earnings surprise in April, the stock has trading poorly throughout May. Analysts have been lowering estimates. They report on the 16th and because of the power gauge warning, it’s a name I would definitely get out of ahead of earnings," Chaikin says.
Posted by CNBC's Lee Brodie
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