1) $SES Continue Strength but no upgrades or new PT anywhere (5.25)
Stock Gaping up 3.50 imo I would NOT long this unless we get a $9.5 push at the open, Then we run to $10.50-$11 imo the MM’s will small pop it then look for a strong sell-off 2 points or more, No reason for this this to be up other then the MM’s trying to squeeze shorts out this morning, hence why the stock is being held up, if lower lows set in at the open and it break $8-$8.5 we should het the sell-off to $6-$6.50 and under
2) $INMD Gaping up on Cramer mention on Mad Money Friday (24.36) TOP GAP FILL SHORT
Stock Gaping up +$1.20 would nibble some short at $25.80 area room to add on any pop at the open look for this to gap fill back down to $24.50 and under bottom curl it then slow all day move to the upside
3) $AMTD Citi out with a Huge downgrade to SELL with a $27 PT from $35 (35.28)
Stock Gaping down .75 cents I would take some short here at $34.50 area room to add on any pop at the open imo this should sell off an be an all day slow bleeder down to $32.50-$33 area.
4) $ACM Sells Management Services for 2.4 Billion for Buyback and Pay Debt (37.16)
Stock Gaping up +$3.40 I like to see a little more push at the open towards $41+ I would wait on the short, let it pull to $40 and under at the open then we get the slow fader to $38-$38.50 IMO this should come down at least 1-2 points and fill some gap, I’m not a fan a when a company sells a big part or chunk of there revenue to pay off debt
5) $CRWD Citi out with a SELL rating and $43 PT (60.27) OUCH!!!
Stock Gaping down -$4.50 I like to see small short covering push at the open towards $57-$58 for quick money top it off then slow fader all day back to lows, if this yanks and snaps at the open watch the $52-$53 area for shorts to come in an cover for quick 3-4 points, Lets this set up don’t do anything just yet long or short, the stock is down a lot with volume so imo I would like to see shorts come in and cover some top it off then all day bleeder.
6) $WDC LOOP Capital out with a $75 PT from $50 LOOP is a Tier 4 Firm (58.35)
Stock Gaping up +$1.40 like to see this small pop at the open to $60-$61 area top it off then look to gap fill this back down to $58.50 and under bottom curl it then slow all day move to the upside, more this pops at the open better the range for the gap fill short for us. If this snaps right at open and gap fills to $58.50 then go LONG for an all day slow move towards $60+
7) $XLNX Nomura out with a BUY rating and $115PT (96.22) Nomura is Tier 2
Stock Gaping up +$2 I would like to see small push at the open towards $99-$100 top it off then look for nice gap fill sell off to $97 and under bottom curl it then slow all day move back to highs, if this gap fills right at open and snaps to $97 and under scale in long for a slow all day move to the upside.
8) $BYND Wells Fargo out with a PT Cut to $125 (131.39)
Stock Gaping down -$3 would like to see small gap fill pop at the open towards $130+ top it off then slow all day fader on the name back down to Pre-Market lows, Higher it pops at the open better the range for us to short it, if this pulls or snaps at the open to $125.50 and under go LONG and bounce it for 2-3 points for quick short covering money
9) $IPGP Needham out with a HOLD rating NO PT given (136.01)
Stock Gaping down -$3-6 points 6 points on the BID I would like to see this pull at open to $127-$128 area then we go long and bounce it and gap fill it back to $134.50-$135 area then slow all day fader on it, if this pops at open, wait for some volume to kick in and look for the $134.50-$135 scale in short and ride this all day back down slow bleeder to pre-market lows,
10) $NFLX Morgan Stanley cuts PT to $400 RBC cuts PT to $415 (282.93)
Stock Gaping up +$1 I would love to see this pop at open to $285-$287 top it off then gap fill it back down to $280-$282 area bottom curl then slow all day move to the upside with 5-7 point range to the upside, I do NOT think these PT hurt the stock at all, if anything it should push it towards $290+ into earnings
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Notable Calls:
$HTHT No News on the Wires (35.34) Gaping down -$1.80 would like to see push and gap fill quick back to $35+ then short it back down to Pre-Market lows, if this snaps at the open to $32.50 and under bottom curl it and look to go long for 1-2 points on short covering. This is thin no MM’s really on it yet
$SHOP Market Gaping down (329.26) Like to see this sell off 5-7 points at the open then bottom curl then slow move towards $330-$335 If this pops at the open watch the $333-$335 as topping then look to short it and slow gap fill back down to $325-$327 area or under
