1) $MRNA #FDA Fast Track (13.40)
Stock gapping up +$1.00 imo any pop at the open sell into it hit $15 yesterday like to see if it pops and gets there quick in the end this will simply fade off all day long imo back to $13.25 and under on profit taking
2) $HAIN Downgrade to Underweight at JPM Morgan to $18 PT (21.90)
Stock gapping none I like to see this pull at open under $20 then gap fill back up quick to at least $21+ then top it off then slow all day fader on it, if this yanks hard watch the $19.50 area and bounce it for quick money on short covering then slow fade the stock
3) $SE Earnings Miss (36.10)
Stock gapping down -$5 IMO I think this is a little overdone, REPORT seems mixed I’d like to nibble small long at $31.50 and under room to $30 looking for the stock to rebound back to $33-$35 area then top it off then slow fader on it, if this pulls hard at the open watch that $30 area as a buying opportunity
4) $FN Earnings Miss (56.46) *Issued terrible downside guidance should get hit more
Stock gapping down -$9 Like to see a little more pull at the open towards $44-$45 area then look to bounce the stock back through $48-$49 then slow fader on it, if this pops at the open at all towards $48-$50 top it off then look for an all day fader on it.
5) $KSS Earnings Mixed Conference Call going on (48.20)
Stock gapping up +$2.70 $KSS tends to always gap fill so look for $47.50-$48 and under on the open then small starter then look for the stock to slow move towards $50 spot, more it pulls more buyers will come in, wait for this one to set up, but if you see anything below $48 at least take a small starter on the long side
6) $TJX Earnings Mixed Conference call brought stock down (51.55)
Stock gapping down -$2 would nibble some long under $50 $TJX tends to get bought up on weakness, look for a quick point or 2 then fade it. If this pulls hard at the open towards $48 an under I would be a buyer on the weakness and pop it 1-3 points for quick money
7) $SRPT #CRL Letter NEGATIVE (120.31) *IF YOUR A NEW TRADER DO NOT TOUCH TODAY
Stock gapping down -$20 IMO this should pull more at the open I would love to see this pull to $90 and under then short squeeze it 5-10 points for quick money before grinding out, if this pops at the open I do not see more then $105-$108 on it then top it off then slow all day fader. This #CRL is very confusing it’s sending a mixed signal that they do not want to approve any kind of drug, seems like an unwarranted battle brewing imo be careful on this one
8) $BIDU Earnings Winner (104.22) TOLD YOU ALL THEY WOULD BEAT YESTERDAY AT $102
Stock gapping up +$10 like to see this gap fill back down off of the $114-$115 area to $108-$110 and under then bottom curl then slow move back to pre-market highs, $BIDU tends to fill their Earnings gaps by at least 50% if this pops at the open hard to $116-$118 would lean into it short for a nice 5-7 point fade on it
9) $BYND JPM out with a Overweight Rating BUT ups PT from $188 to $189 LOL (144.51)
Stock gapping up +$13 like to see this come back down to $150 and under look for $148-$150 cover your shorts then look for slow move back to pre-market highs once bottom sets in, if this pops at the open to $158-$160 lean into it short and look for a nice sell off to $150 and under
10) $NFLX gapping down on Market Flat (309.38)
Stock gapping down -$4 like to see small pop at the open if it comes to $307.50-$308.50 then slow fader back to lows towards $300 and under, if this yanks at the open to $300 and under would nibble long and bounce it 3-5 points to the upside
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Notable Calls:
$NTES gapping down huge on BIDU comments in WSJ (262.25) gapping down -$10 like to nibble small long $252 area room to $249 at the open like to see small pop to $257-$259 at the open if it comes then slow fader, more this pulls better the range to the upside on it
$TTD still down from yesterday’s sell off (242.92) gapping up +.50 cents like to see quick pop at open to $245-$246 then potential more fade to the downside, Higher it pops if it does better the range to the downside, I’m holding some LONG at $242.81
$RES Brandi, let me know if this hits $5.50-$5.60 area I will be a buyer with size
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