1) $FTNW BIG NEWS on 5 million Float awarded 116 Million Contract Jan/Fed (1.09)
Stock Gapping up $2.10 this is up a lot, imo this should pop a little more at the open on a nice squeeze possibly to $4-$4.50 then pullback with volume I am interested in the curl on it with a nice buyer to step up then I will long it with size. Let it set up, if it pops huge and lower lows set in this will simply fade for the day
2) $I Evercore out with a $50 PT BUY Rating (24.70) #SWING IDEA
Stock Gapping up +$1.10 I like the call BUT will not buy without a decent pop and pullback I would prefer $25.25 and under then look for starter long then look for a move to $28-$29 on this PT upgrade. This is long overdue for this stock so I think today it finally gets some love. Like to see the stock hit to $30-$32 by Friday
3) $ETSY Earnings Beat (59.01)
Stock Gapping up +5 like to see a short squeeze at the open towards $66+ area seeing some upgrades to $75-$80 out their, so let it push at the open then look for a 2-4 profit taking pullback on it then look to go long on it, if this pulls at all at the open towards $61-$62 watch for buyers to come in and push it.
4) $HTZ Earnings Beat Raises Guidance (19.29)
Stock Gapping up +$2 would like to see a little more squeeze at the open towards $22-$23 if it comes then look for a nice profit taking pullback on it to $20.50 and under if it comes, if this pulls or sells off at the open to $20.50 look to long on it for a nice slow all day move to the upside
5) $MNK Earnings Beat (21.56) raises guidance
Stock Gapping up +$2 I like to see a little more pop at the open towards $25-$26+ area then watch for a nice 2+ point pullback on the stock new money will be buying this on the raised guidance so pop it pull it short it then bottom curl it for a nice all day slow move to the upside
6) $THC Earnings Beat (24,22)
Stock Gapping up +$4 would love to see a little more squeeze at the open towards $30 spot or more then watch for a nice short pull back on it to $26 and under, this won’t fully gap imo with their nice guidance but should give us a few points to the down side on the gap fill
7) $MEDP Earnings Miss BUT imo not as bad as the stock represents (70.58)
Stock Gapping down -$12 would nibble small small here at $58-$59 room to $55 at the open then look for this to bounce back on short covering to $63-$65 then top it off then fade it, more it pulls at the open better the bounce for all of us. Remember #Earnings weren’t disastrous just missed think you get a nice bounce on it
8) $DDS Earning Beat (66.47)
Stock Gapping +$8 would nibble some SHORT at $73 area room to $75 at the open $DDS tends to give back the Earnings Gains so watch for the pop and fade on this, if this sells off at the open watch this to $68 and under then bottom curl it then go long on it
9) $TWOU Surprise Earnings Beat and now Multiple $80+ Upgrades (71.20)
Stock Gapping up +$4 would love to see this squeeze at the open towards $78-$80 then look to short it for a few points on the pullback, remember this was huge PUT action yesterday so expect the squeeze, if however this pulls hard at the open towards $72-$72.50 would nibble a few long on it back to pre-market highs
10) $TSLA Elon getting into Tweet Trouble with SEC (298.77)
Stock Gaping down -$8 If this pop at open through $292 most likely stock will push back up to $294-$295 for quick in an out money, if this pulls at the open hard to $288 and under watch for bottom curl on it then look to go long for a nice 4-5 point bounce, remember harder it pulls better the bounce for us
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Notable Calls:
$NFLX Market gapped down (363.91) Got a nice $440 Upgrade this morning from Piper. Gaping down -$3 points would take a few long at $360 room to $358 at the open then look for a nice gap fill pop to $362+ if market continues to slide then look for the fade on it to $352-$353 and under
$ZYNE Got a new Cannabis Patent…. LOL ok (5.04) IMO this is overdone and to me simply a pop and fade on the news, so let the sheep chase it up at the open watch for lower lows to set in then look for the fade on it.
$CAT double downgrade to Sell from UBS to $125PT (141.24) Gaping down -$4 imo this should sell off today with the market pull, so watch for small short covering pop at the open for 1-2 points top it off then look to fade it back down, if this pulls at the open 2-3 points quick go LONG and bounce it 2-4 points
