1) $BL Goldman downgrades to SELL with $41PT from $57 (53.24)
Stock Gaping down -$4 I would nibble LONG some at $49 and under room to $47-$48 at the open Goldman likes to fill their gaps back to $52+ then we will look to short it, more the pull at the open better the range to the upside
2) $CARS Citi out with a BUY rating and $27 PT (19.86)
Stock Gaping up +.80 like to see small pop at the open towards $21-$21.75+ then scal in short and gap fill this back down to $20.25 and under then bottom curl it then slow all day move to the upside, if this yanks right at the open to $20-$20.25 go LONG for all day slow move towards $21-$21.75+
3) $AMRN Nice Earnings Beat and Raises Guidance (19.24)
Stock Gapping up $1.4 I like to see small pop at the open towards $21-$22 then decent pullback gap fill profit taking to $20 and under then long it all day, if this yanks at the open to $20 and under bottom curl it then slow all day move to the upside
4) $SMPL Small Earnings Beat (24.88)
Stock Gaping up +1.5 I like to see this gap fill to $25 an under then bottom curl it then all day slow move back to Pre-Market highs or $26+ area, if this pops at the open through $26+ scale in short and look to gap fill this slow move back down to $25-$25.25 and under
5) $GBX Earnings miss “Horrible Guidance” 1.30 vs 1.89 Ouch (30.85)
Stock Gaping down -$3 I like to see even more downside under $25 before this bounces for 1-2 points then all day fader on it, if this pops at the open I don’t see more then $29-$29.50 tops then all day fader to the downside on it
6) $RVLV Everyone out with New PT from $39-$60 Lots of range (32.79)
Stock Gaping up +$1.5 I like the calls, I think the stock will have a nice day in it to the upside. However I would prefer some gap fill back to $33-$33.25 and under on it. then go long, If you buy here you must give it range to gap fill, if this pops at the open look for $35.50-$36+ then decent 1-2 point pullback bottom curl then slow all day move to the upside *Jefferies out with $60 PT
7) $WDC Benchmark out with a sell rating and $40PT OUCH!!! (49.65)
Stock Gaping down -$1.30 I actually would nibble some SHORT here at $48.30 room to $49.30 at the open if it comes then look for an all day fader on the stock for 2 points or more, if this dumps at the open and pulls hard watch the $46-$47 area for bottom curl then slow all day move to the upside and fill 1/2 gap I’m banking small pop gap fill some then all day fader on it
8) $SRC Joins the S&P MidCap 400 POSITIVE for SHAREHOLDERS (42.35)
Stock Gaping +$2 like to see small pop at the open towards $45+ then look for a 1-1.5 point pull back bottom curl then slow all day move back to Pre-Market highs, IMO this will NOT gap fill so don’t expect it, if it does its Xmas on the stock then, I’m looking for small pull on it bottom curl then all day slow move to the upside on a grind
9) $ROKU RBC out stupid with Sector Perform rating keeps $90PT (91.37)
Stock Gaping down -$3 like to see gap fill this back to $90-$91 then slow fader to the downside all day, if this yanks a little more at the open towards $86-$87 bottom curl it then slow all day move back to 2-3 points to the upside
10) ******$ADP 8 Million Block Trade Priced at $161 (166.39)
Stock Gaping down -$8 I would like to see a little more pull at the open and sell off possibly to $155-$156 area IF it comes and bottom curl and nibble long for 3-5 points to the upside, if this pops slow at the open look for a push back to $161 then all day fader this has 8 million to fill so I’m looking for a little more downside at the open then go long. IF you take now at $158 LONG play small and let the stock bottom curl
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Notable Calls:
$BYND Credit Suisse out with positive comments BUT keeps $125 PT (152.58) Gaping up +$1 would like to see small pop at the open towards $155-$157 then scale in short the slow fader to $145-$147 today, if this yanks at the open and pulls watch the $145-$147 area the shorts will come in an squeeze this back up 4-6 points then top it off then look to fade it off
$PLAY Jefferies downgrades to Hold with $40PT from $56 (40.04) Gaping down -$1.20 would like to see either small pop and gap fill to $40+ then all day fader or, pull at open to $37-$38 bottom curl it then slow all day move to the upside and gap fill it
