1) $CAMP Earnings miss (12.69) This should sell off most of the day
Stock Gapping down -$1.10 would actually nibble a few short at $12 spot if you can get some add on any pop at the open then look to fade the stock back down all day to $10 and under
2) $MO Citi out with a downgrade to sell with $45 PT from $67 (50.44)
Stock Gapping down -1.5 would like to see gap fill to $49.50-$50 area if it comes then look to see the stock and short it all day fader, if this pulls at open hard to $47 and under go LONG and gap fill it for a few points then look to fade it all day
3) $SQ If it market hold this can have room (55.90)
Stock Gapping up .20 would nibble a few long here at $56 room to $55 if it comes at the open on a pullback then look to go long on the stock, if this pulls hard at the open I am a buyer at $53-$54 area to bounce it
4) $OMAB BofA out with 2 notches Underweight to BUY (38.25)
Stock Gapping none, watch for the pop at open to $41-$42 area if it comes then lean into it short and look to gap fill this back down to $39.50 and under if you can get anything at $39 I would be a buyer on the stock (can’t locate PT but think we have room to run)
5) $NKE Earnings Beat (67.53)
Stock Gapping up +$7 I like to see this make a move towards $75-$77 on a short squeeze at the open if it comes then lean into it short and gap fill it back to $70 and under then bottom curl on it, if this pulls to $70 and under look to go long on it
6) $BLUE With the upgrade yesterday to $165 and stock selling off looking for a play (95.21)
Stock Gapping flat took a few LONG $95.50 will add on dips simply looking for a small move to $100-$102 on this nothing more, if this pulls to $93 at the open I will add on the position and wait for the bounce on it
7) $SHOP DA Davidson out with a BUY rating and $150PT (127.71)
Stock Gapping up +$3 look for small pop at open towards $132+ area scale in short and look to gap fill this back down to $127-$128 and under then bottom curl on it then look to go long, let this set up for us, don’t rush on it, it will come
8) $CTAS Earnings Beat (159.04)
Stock Gapping up +$8 I like to see a little more pop at open maybe through $169-$171+ then look for a nice gap fill profit taking pullback to $162-$163 and under then bottom curl it then look to go long on it for a nice slow play to the upside
9) $AVGO JPM out with TOP PICK for 2019 and also $325PT (241.89)
Stock Gapping up +$4.12 took a nibble long at $245 will add on gap fill to $242 if it comes then look for the stock to head towards $250+ I like to see this get going today, well see if market hold, also like that I feel were at bottom at $240 so not alot of risk for a high priced stock like this and with JPM behind us. I like it
10) $NTES China easing off on their gaming licensing (235.82) Nibbled a few short $249
Stock Gapping up +14 I like to see this pop a little more at the open possibly $252-$255 then look for a gap fill back down to $240-$242 and under, don’t think this will fill the whole gap but there should be enough profit taking to get us 5-7 points to the downside love for a full sell off we’ll see.
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Notable Calls:
$ROKU Like to see this play out (29.66) Gaping up .30 would nibble a few LONG here at $29.80 area room to add at the open if it hits $28.50 and under would add on it then look to go LONG to $31+ before it gives back
$NFLX assuming the market holds steady like to see this kind of action (260.58) Gaping up +$3 would like to see pop at the open towards $268-$270 top it off gap fill it back down to $260 and under bottom curl then look to go long on it, if this gap fills to $260 at the open watch for bottom curl on it then look to go long
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