1) $PFNX FDA approval (7.46) You all know what to do on #FDA approvals on small cap stocks
Stock gapping up $2 already filled 1 point of the gap any pop and chase at the open through $9 if it comes watch for the lower lows to set in and then look for more fade on the stock back towards $7.75 and under on profit taking, More it pops better the all day fade for us. Expect small offering today of within 72 hours, they need the cash
2) $LVGO Receives 5.3 Million Diabetes Contract can be worth up to 60 mil (17.32) THIN
Stock gapping up +$2 this is nice for the company adds value, would like to see small pop at the open towards $19-$20 watch for topping then look for gap fill fade towards $18-$18.50 imo this shouldn’t fully gap fill BUT if this yanks at open towards $17.75 and under I would be a buyer on weakness, it’s just a matter of time before analyst come out and upgrade the stock on the new valuation
3) $XENT Did not meet Primary endpoint on ASCEND study (16.97)
Stock gapping down -$2.5 Like to see this small pop and gap fill towards $15+ at the open then look for 1-1.5 sow grind pull back fade then bottom curl it, if this pulls at the open hard towards $14 and under watch for bottom curl then slow all day move to the upside
4) $UBER CITI out with a BUY rating and $45 PT (29.67)
Stock gapping up +1 would be a buyer on the stock at $30-$30.15 on any sell off or pullback at the open don’t think this will fully gap fill but anything under $30 would be a buying opportunity think the stock hits $32-$33 either today or by Weds this is a solid upgrade from Citi
5) $FSLR Administration removal of tariff exemption of Bifacial solar panels (59.31)
Stock gapping up +$3.50 Like to see small squeeze at the open towards $63.50-$64 be careful $FSLR can squeeze then look for a nice 2-3 point pullback on it, if this pulls at the open hard watch for the $60.50- and under area then bottom curl and go long, look for Goldman Sachs to come out and increase PT along with a few other analysts this will impact $FSLR bottom line +
6) $MTCH DB out with a $91 PT and Nomura out with $88 PT (74.43) TOP SHORT IDEA
Stock gapping up +$4 thin, if you can pick any up in the $78 area room to $80 pop at the open this should gap fill right back to $75 and under, if this pulls at the open watch the $75 and under (cover your short of course) watch for bottom curl then slow all day slow move back to pre-market highs towards $78+ Remember higher this pops at the open on short squeeze better the range for the downside on the gap fill
7) $AYX Wedbush out with a BUY rating $135 PT from $123 (110.69) TOP SHORT IDEA
Stock gapping up +$4 would nibble some short small here at the $114 area room to $116 pop at the open look for the stock to gap fill back to $111-$112 bottom curl it then slow move back towards $115-$117 on the name. This is much needed upgrade putting the stock closer to $120 by end of week if not sooner.
8) $RNG JPM out with a BUY rating and $225 PT also BofA with $180 PT (163.30)
Stock gapping up +$10 would like to see if this squeeze again hard at open would love to see $178-$180+ then look for a nice 6-8 point sell off pullback on it, the JPM PT will keep the stock up towards $180+ If this snaps at all at the open watch the $165-$166 area bottom curl it then slow all day move towards Pre-Market highs, let this set up, don’t think with this upgrade it will gap fill but if we get lucky and it does bottom curl it for a nice long with range to the upside
9) $NVDA RBC out with a BUY rating and $217 PT from $190 (181.97)
Stock gapping up +$4 I would NIBBLE some short here at the $185 level then add on pops to $187 look for this to gap fill back down to $182.50 and under bottom curl it then slow all day move towards pre-market highs, More it pops at the open better the range for us to the downside, REMEMBER $NVDA LIKES TO SQUEEZE ON UPGRADES SO GIVE IT ROOM AND START SMALL
10) $NFLX Interesting Evercore lowers PT to $300 from $380 today (272.79)
Stock gapping down -$3 would like to see small gap fill pop at open towards $273-$275 area then look for nice sell off back to $265-$267 then bottom curl then slow move back towards $275+ in the end I don’t think this downgrade PT has much weight being evercore is a Tier 2-3 Firm so any pullback at the open towards $265-$267 imo is a Buying opportunity still
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Notable Calls:
$SHOP Market down (327.20) Stock Flat like to see small pop at the open towards $330+ then look for a nice sell off towards $315-$320 and under bottom curl then slow move 5-10 points to the upside
$TTD Market down (187.75) Stock Flat would like to see small pop at open towards $190-$192 then look for nice sell off towards $182-$183.40 area then bottom curl then slow move back towards $188+ more it sells off at the open better the range for us to the upside
