1) $ARCI announces New class of Mobile IoT Modules (4.70)
Stock Gapping up +$3.20 look for a push at open towards $8-$8.50 at the open from $6.50 nice job Janni watch for topping on it then look to short it for quick money, let it push at the open and squeeze to that $8.50 or more
2) $NBEV POT Stocks running today (5.51)
Stock Gapping up +.65 typically $NBEV likes to gap fill and sell off so watch for a nice sell off on it back to $5.75 and under then bottom curl it. If this at all pops at the open look for a topping on it at $6.25 $6.50
3) $BCOV Earnings Beat Mixed on Guidance (8.74) Thin stock
Stock Gapping up +$1.20 let it push a little more at the open through $10+ scale in short gap fill this back down to $9 and under then bottom curl then slow move back to highs.
4) $WWE Mixed Earnings but were NOT impressive (98.50)
Stock Gapping down -$9 I like to see a little more sell off at the open to $85-$86 at the open or under then bottom curl it then look to go LONG and bounce it 3-5 points, more it pulls better the bounce for us to the upside. If this pops at open look for $95-$96 as topping then look to get in their and short the stock for all day fader on it
5) $PTC Earnings Miss Cuts Guidance also JPM out cuts PT to $85 (101.89)
Stock Gapping down -$8 I would like to see more flush at the open towards $90 and under would love to see $88 on it then watch for bottom to set in, think shorts will come in and cover around their and push it back up 3-5 points more it pulls better for us on short covering. If this pops at open at all it should top off at $93-$95 then re-short the stock again for a nice fade on it
6) $PRLB Earnings Miss, not big but enough to piss off investors (117.14)
Stock Gapping down -$22 I like to nibble light some LONG here at $96 and under then look for a quick pop at open push to $105-$107 top it off then look for a nice all day fader on it, if this pulls to $90-$92 at the open watch for shorts to come in and cover and push it up 4-6 points
7) $XLNX Earnings Miss (139.72) Goldman Cuts PT to $122 d/g to Neutral
Stock Gapping down -$14 I like to see more sell off at the open towards $120 area and under if it comes then look for a nice 4-7 point push on short covering then top it off at $128-$130 area if it comes then re short it, if this at all pushes at the open off the $125 area look for a move to $128-$130 top it off then look to short it and fade it all day long
8) $FB Earnings Beat Surprised Investors and Analyst and SHORTS (182.58)
Stock Gapping up +$17 I like the short off the $199 area multiple upgrades this morning through $200+ HOWEVER we will see some profit taking on this to $190-$192 area or under, If this gets through $200+ look for topping around $202-$204 on it then re-short it, right now I think we get some profit taking off the $199 area
9) $MMM Earnings Miss Cuts Guidance bringing the DOW down big (219.08)
Stock Gapping down -$20 I’d like to see small flush at open to $195-$197 bottom curl it then look for a move to $205-$207+ then top it off then short it I think shorts will want to cover once it pulls on weakness if this opens above $202+ watch for the push to $205-$210 for quick money
10) $NOW Earnings Beat (242.70)
Stock Gapping up +$19 I would nibble LIGHT at $261 room to $265 at the open I’d like to see this come down at least to $250-$254 area or under on profit taking, this has had a great run into earnings last 30 days I think we get some profit taking, watch for the $260 downside break once that comes we should get the flush on it
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Notable Calls:
$ORLY Earnings “SLIGHT” Miss (396.71) Gaping down -$23 like to see small push on some short covering at the open towards $385-$388 then top it off then slow fader back to pre-market lows, if this yanks hard at the open towards $370 and under I would be a buyer on the name and gap fill it 10-15 points on weakness bounce
$LRCX Earnings Beat (195.44) Most of the gains have already been built in, imo Gaping up +$10 like to see push at the open towards $207-$210 top it off then look to fade it on profit taking back down to $197-$198 and under, I think we will see some profit taking kick in today for a nice short
$NVS Gaping up +2 points on upgrade with Guggenheim (77.79) Gaping up +$2 look for a pop through $80-$81+ at the open look to Gap fill this back down to $78.50 and under bottom curl then slow all day move towards $83-$85 should be a good day in it to recover, also expect more upgrades as they come in
