1) $FOSL Earnings Miss (12.56)
Stock gapping up down -$3 IMO I like the $9 area for small long add on dips to $8 looking for the stock to rebound back to 10-$10.50+ then grind out, although they missed and guided lower I do think $8 is the floor and $10.50-$11 is the max for this to top off. If this pushes to $10.50-$11 sell it then look to short the stock slow all day fader on it.
2) $ELF Earnings Beat (17.89)
Stock gapping up +$2 like to see small push at the open towards $20-$20.50 top it off then look for profit taking sell off to $18-$18.25 and under, in the end, I think this gap fills back down to $18 and under, higher it pops better the fade for us
3) $LVGO Earnings Beat guides up 8 million more not that impressive for this move (21.20)
Stock gapping up +$6 would nibble some short at $26 room to $28 top it off then look for slow gap fill fade to $22.50-$23.50 and under this will NOT gap fill all the way but at least come down 2-3 points on it, think its up a little too much here in Pre-Market, if this dumps and sells off to $22.50-$23.50 and under watch for bottom curl then slow move all day to the upside
4) $BAND Earnings Miss (55,45) NO MM’s on it yet guides lower by 2 cents this is down too much imo
Stock gapping down -$10 like to see small open and push to $50-$52 then top it off then slow move to the downside, if this at all opens and slams to $42-$45 area I would be a buyer on this for a nice 4-6 point gap fill upside move, I’m hoping pop through $50+$52 at the open then we scale in short and fade it
5) $CAH Earnings Beat (51.43) reports in-line guidance
Stock gapping up +$2 like to see small push at the open towards $54.50-$55.50 top it off then look for nice gap fill sell-off to $52-$52.50 and under, imo this should simply pop at the open then snap then slow fader back down to $52-$52.50 and under
6) $RL Earnings Beat BUT>>>>>reaffirms guidance (100.88) Higher it pops better the range for us to the downside. But let is squeeze off that $112+ area in Pre-market
Stock gapping up +$13 like to see a push to $115-$117 at the open on short squeeze then look for a nice 5-8 point gap fill sell off on it, higher it pops better the range to the downside, if you want to short this wait for a $111-$112 snap then you will get at least 5+ points to the downside or more then bottom curl then slow move to the upside back to pre-market highs.
7) $EXPE Earnings Miss (135.36)
Stock gapping down -$19 like to see a nice flush at open to $110-$112 area before even considering buying a few long for a nice 5-7 point gap fill short covering push, more it pulls better the range for us to the upside, if this pushes at the open to $118 then I would long a few there for quick gap fill push to $120-$123+ after that imo the stock should sell-off they mentioned they will have a few more lousy quarters so do NOT expect any kind of gap fill on this
8) $BIDU Earnings Beat (107.36) NOTE $BIDU TENDS TO GAP FILL AT LEAST 1/2 ON THE #ER
Stock gapping UP +$9.50 Nice beat would love to see small pop at open towards $118-$120 then look for a nice 8-10 point gap fill profit taking sell-off on it, if this pulls right at open and snaps $114 chase the rest all the way down to $109-$110 on it for quick money
9) $ROKU Earnings Mixed (141.05) Think today’s pullback is a buying opportunity
Stock gapping down -$20 I would not LONG this unless we get $122 pop at the open then look for short covering squeeze to at least $130-$132 before it tops off, if this snaps hard at the open towards $115 and under watch for fresh buyers to come in and shorts come in to cover, analyst still love the stock and even upgraded it today with $160PT
10) $DXCM Earnings Beat Triple across the board (153.12) Think this is up a little too much
Stock gapping up +$30 Like to see this sell-off to $165 and under, so any pop at the open towards $188-$190 on short squeeze top it off and look for a nice 10-15 point sell-off on profit taking, if this snaps $180 at the open look for another 10 point flush on profit taking. Higher it pops at open better the range to the downside for us on profit taking
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Notable Calls:
$QCOM Earnings Beat (84.63) gapping up +5 NOTE $QCOM USUALLY FILLS THEE #ER GAPs Like to see any pop towards $90-$92 at the open scale in short look for a nice fade to $85.50-$86.50 this will not gap fill all the way but I do see profit taking all the way down to the $85.50 area and under, so keep an eye for quick short on it If this yanks to that $85.50 area or under bottom curl it then slow all day move to the upside
$GDDY Earnings Beat (62.96) gapping up +$6.50 in-line guidance Thin Watch for small pop at the open towards $70-$72 top it off then look for nice gap fill sell-off to $64-$65 (They announced 500ml Buyback) and under, if this yanks at open watch the $67-$68 snap and we get the rest on gap fill towards $65 with the Buyback I don’t think this will gap fill all the way
