1) $CODX Nice overnight with heavy volume (3.54)
Stock Gapping up +$1 I would consider shorting this after the initial pop at the open on chasers if it gets thru $5 don’t panic think it will slow down and come back down and look for some serious profit taking pullback to $3.75 and under, if this simply seells off and yanks to $3.75 and under watch for bottom curl then look to go long on it Its will be all about the flag breakout
2) $OGEN Positive results from Interim Saftey Analysis (1.20) LOL I have analysis on how today will trade….
Stock Gapping up +.70 I like to see this pop thru $2.25-$2.50 at the open then look for a solid fader on it, I don’t think this will hold up imo on the news. I’m more leaning on the short side of this
3) $DSW Earnings Mixed (26.07) Investors wanted more then “reaffirming guidance”
Stock Gapping down -$3 this hit $23 then the CCall came on, I am looking for a small short covering pop at the open to $25.50 and under then look to go short for an all day fader, HOWEVER if this pulls at open to $22 spot look for bottom curl on it then look to go long on it for a nice 1-3pt bounce This should be fun
4) ******$TDC Mizhuo raises PT on this from $50 from $32 WOW!!!! (38.67)
Stock Gapping up +$1.30 I like to see a small pop at the open towards $40-$41 then scale in short and gap fill this back down to $39 and under then look for a nice slow all day move to $41-$42 I would love to nail this around $39 and under on the long side
5) $MOMO Nice overnight TOLD you that CITI u/g would be followed by Many many more so go LONG o/n
Stock Gapping up +$1 look for a profit taking sell off on it then watch for bottom curl then look to go long on it. Most will be taking profits today on it so lets see where it bottoms. Great overnight Trade
6) $DKS Earnings Beat raises guidance (30.48) Think this is up just a tad too much
Stock Gapping up +$8 would consider taking short at $38 spot room to $40 at the open and look for a nice profit taking gap fill back to $33 and under. Think this is up way too much on the numbers,
7) $MOV Earnings Beat (42.20)
Stock Gapping up +$7 like the beat would nibble a few short here at $49 rom to $51 at the open this is up very thin think we pop and gap fill back down to $45 area or under, CCall going on right now should be finishing up but in the end I think we get this back down, I feel its up way too much
8) $KORS Earnings disappointment and FY19 sales are expected to be flat (68.22)
Stock Gapping down -$4.5 I like to see this pull a little more at the open around $62 and under if it comes I think we get a 2-3 point bounce on it then look for some flattening on it, KORS tends to get bought up on weakness, so for me I would prefer a little pull at open followed by a move to $67-$68 then trade flat (Keep in mind it hit almost $71 this morning)
9) $PANW Multiple upgrades and PT ahead of Earnings Barclays $235 Stifel $240 (207.85)
Stock Gapping up +$2.15 like to see a pop at the open towards $212+ then scale in short and look for this to gap fill back down to $209 and under then look for bottom curl then look for a slow al day move to the upside on this call.
10) $CRM Earnings Beat Multiple upgrades all around $150+ (126.88)
Stock Gapping up +$6 I like to see a small pop at the open towards $133-$135 then scale in short and gap fill this back down to $128 and under on profit taking then watch for bottom curl then look to go long on it, CRM tends to sell off there gains on earnings so look for th epop and drop and bottom curl on it
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Notable Calls:
********$LKQ Suntrust out with a $40 BUY rating. (30.72) Sat for 2 hours last night 2k at $30.80 NO fills, so today will watch for gap up push out of the gate to $32+ level short it and fill the gap back down to $31 and under then go long
********$MYOK Overnighted quite a bit with a $47.18 average will add on dips at the open and look for a solid move to $48+ at the open, think the offering should finally get filled.
$ULTA Today is the day BUYERS come in and notch this up more (253.69) Remember this has multiple upgrades across the board last week. Gapping up +$3 I would take some short here at $256 room to $258 at the open look to gap fill this back down to $254 and under then look for bottom curl on it then look to go long
