1) $DKS BIG BEAT RAISES Guidance!!!! BOOOOOMMMMMM Yesterday $39 Today $44 (39.43)
Stock gapping +CASH OUT CASH OUT CASH OUT CASH OUT…..NOTHING MORE NEEDS TO BE SAID!
2) $MOV Earnings Miss lowers guidance A LOT (25.20)
Stock gapping down would NOT LONG it unless you get through $21 or a quick push to $22-$22.50 top it off then all day bleeder, IMO this should small pop then nice pull to $16-$17 and under then look for some short covering for 1-3 points.
3) $CCXI Phase 3 Primary Endpoint Met PT all around $40-$48 EXPECT ATM 24-48hrs (8.06)
Stock gapping up +$26 a share, would NOT long this unless this pops at open with volume to $36+ a share then we can run it quick to $40 if this small pops and lower lows set in, I would like to see this pullback to $28-$30 and then grind out most of the day. Should be fun
4) $SAFE Joining the S&P 600 (38.41) Positive for Shareholders
Stock gapping up +$2.50 I would like to see this pop at open a little more to $42-$43 then top it off then look for a nice 1-2 point gap fill sell off on it, if this yanks at open don’t see more then $39.50-$40 then bottom curl then slow all day move to the upside
5) $NTNX Earnings Mixed most of the guidance is in-line (28.75) Up way to much imo
Stock gapping up +$6.25 IMO this should sell off slowly to $30-$31 and under then look for bottom curl, I don’t think this will gap fill all the way but definitely should come down to $30-$31 if this pops again at open watch the $35.50-$36.50 area as topping then we can fade this back down slowly all day on Profit taking
6) $DY Earnings Mixed issues downside guidance (49.95) Thin
Stock gapping up +3.05 would nibble small short at $52 area give it room to pop a little at the open don’t see anymore then $53.50 like to simply gap fill this back down to $50.25 and under. More this pops if it does better the range to the downside.
7) $GBT FDA Grants accelerated approval of Oxbryta PT upgrades to $95-$112 (59.95)
Stock gapping up +7 I would like to see this pop at open hard to $70-$72+ maybe even $75 then look for 5-7 point gap fill pullback, if this pulls at all at the open, which I don’t think it will I would love to see this come down to $62-$63.50 area then bottom curl it then slow all day move back to highs should be fun and has range
8) $ICPT Wedbush TIER $ Firm out with $257PT HUGE increase (96.34)
Stock gapping up +$2.50 would take small long at $99 area room to $97 to add looking for the stock to break $100 and head to $105+ on this call, Stock has range start small and build a position
9) $DLTR Earnings Miss mostly in-line guidance (112.39) NOTE $DLTR usually gets bought up on weakness
Stock gapping down -$14 would be a buyer LONG at the $95-$97 level, small amount like to see this push back through $100 then settle around $103-$105 this will NOT gap fill but should recover some of this pullback, if by chance this yanks to $90 spot I would definitely be a BUYER on it no doubt fresh buyers will come in
10) $PANW Earnings Mixed (250.28) I would be a BUYER on weakness Lots of PT increases
Stock gapping down -$22 would nibble small long at $228 area room to $225 once we pop through $230 stock should run at the open towards $240+ then top off and grind, the more this dumps or sells off, which I don’t think it will but if it does watch the $220-$225 area as bottom. This will be fun to play today on range
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Notable Calls:
$BURL Earnings Miss guides lower (208.26) gapping up +5 Like to see small pop at open to $214-$216 then nice gap fill sell off to $202-$204 and under, imo this should not only gap fill but sell off at least 4-5 points under yesterdays close, let this set up for you then chase it to the downside
$BBY Earnings Beat guides higher (74.25) gapping up +$3 like to see this sell off to $75.50-$76 area then bottom curl then slow all day move back to highs towards $79-$80, if this pops at open watch the $80-$82 area as topping then look for a 2-3 point pullback on it on profit taking
