1) $NFLX Subscription Miss (362.44) 90% Analyst all saying BUY the weakness today
Stock Gaping down -$38 imo this is BUY the weakness I would nibble some LONG at $320-$323 level give it room if this pulls below $320 I would simply add to it, I’m looking for the stock to rebound back to $335-$338+ today Play with wide range on it or don’t play it at all!!!
2) $CODX favorable results of “study” to detect cancer mutations (.89) STUPID
Stock Gaping up +100% decent volume although i think the PR is crap if we push at open through $2.20 will be looking for a quick $2.50 pop then decent pullback, if small pop then lower lows set in look for the stock to simply fade all day long back to $1.10 and under
3) $AMRN 400 Million Public Offering (21.07)
Stock Gaping down -$1.80 like to see this actually pull back a little more towards $18.75 and under then size is big then if we get the nice snap I want to see then we can play if for a quick 1-1.5 point gap fill then let it grind out, imo this should come down more giving us all a nice opportunity to play for quick money
4) $EBAY Earnings Beat Multiple PT increases (39.03)
Stock Gaping up +$2 like to see a little more pop at the open towards $42+ then look to lean into this short and bring it back down to $40-$40.50 and under on profit taking then bottom curl it then slow all day move to the upside. I would prefer some cap fill short on it back down, but need to let this show me at the open.
5) $PM Earnings Beat (81.05)
Stock Gaping up +$3 like to see a little more pop at the open towards $85-$86 then look for a nice gap fill short on it back down to $82-$82.50 and under then bottom curl it then slow all day move to the upside back to pre-market highs
6) $NVS Earnings Beat (90.23)
Stock Gaping up +$5 like to see this pop at the open towards $97-$98+ if it comes then look for a nice gap fill pullback 3-5 points then bottom curl it then slow all day move back to pre-market highs, if this yanks at the open watch the $91.50 and under on it for bottom curl and investors to come in and buy there. Would not be surprised to see a move to $100 on these Earnings today
7) $SAP Earnings Miss (Mixed) (134.22) This is a wall street favorite
Stock Gaping down -$10 I would be a buyer long around the $125 area room to add to $122 if it pulls looking for this to gap fill back to $130-$132 then look for this to top off and look to fade the stock, more this pulls if it happens better the range to the upside
8) $URI Earnings Miss (mixed) (131.49)
Stock Gaping down -$9 I would nibble some long at $122.50 level room to $120 looking for short covering pop at the open towards $125-$127 then look top it off then slow all day fader back to pre-market lows, if this pulls at the open towards $120 and under I would be a BUYER
9) $RACE BofA out with a $225 PT increase from $150 (168.75)
Stock Gaping up +1.10 I like the call, so I would be a BUYER at $169 level and under then bottom curl it then slow all day move towards $172-$173+ on the stock More this pulls better the range to the upside for us all on it
10) $AAPL Raymond James out with a $250PT BUY on the stock (203.35)
Stock Gaping up +.65 I would be a BUYER here at $203.90 and under give it room to gap fill a little then look for a slow move today on it to $205-$207 let buyers come in show the thickness on it then slow walk up all day should give us range today
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Notable Calls:
$MTB Earnings Miss (170.44) Gaping down -$4 like to see small pop at the open towards $168+ on short covering then look for a nice slow move to the downside, it this yanks at the open towards $164 and under bottom curl it then short cover it back up 3-4 points then fade it
$ACST Oppenheimer out with a $7PT (1.37) I think this upgrade will give the stock room to $2+ today However I would not be a buyer unless I get $1.42 on it and under, so watch for the typical gap fill sell-off on it then look for the slow move towards $2
