Editor's Note

Other companies wish they could copy the Xerox earnings beat and strong guidance raise. This is not the Xerox of old. This is a new revitalized company with many different products.


New positions are only added on Wednesday and Saturday except in special circumstances.


XRX - Xerox - Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services. The company also provides desktop monochrome and color printers, and multifunction printers; copiers, digital printing presses and light production devices, and solutions; graphic communications and commercial printers; inkjet presses; and FreeFlow portfolio of software solutions for the automation and integration of print jobs processing. In addition, it sells paper products, wide-format systems, and global imaging systems network integration solutions. The company sells its products and services directly to its customers through sales force, as well as through independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut. Company description from FinViz.com.

Xerox reported earnings of $1.14 that beat estimates for $1.04. Revenue of $2.53 billion just under estimates for $2.56 billion. They guided for the full year for earnings of $3.70-$3.80 that was well above estimates for $3.53.

Unlike other stocks with post earnings depression the strong guidance has powered XRX higher. Friday's close was a 10-month high.

Earnings April 30th.

Buy XRX shares, currently $30.47, stop loss $28.85.
Optional: Buy July $32 call, currently $1.60, stop loss $27.85.


No New Bearish Plays