1) $JMIA Earnings Disaster (14.75) Yesterday Morgan Stanley cut this to $13 from $22
Stock gapping down -$3 any pop at open towards $13+ would scale in short and look for an all day fader on it towards $10.50-$11 in the end this should sell off all day long off any initial short covering pop at the open if it comes
2) $PDD Earnings Blow-Out (25.96) Volume is THICK this morning 88% increase in Mon users
Stock gapping up +5 would long this if it gets through $30+ then take it to $32-$33 for quick money then watch for topping then gap fill short cover to $27.50-$28.25 area then scale in long for an all day slow move to the upside If this pulls right at the open towards the $27.50-$28 area watch for bottom curl then BUYERS will come in hard and take this up BLOW-OUT numbers
3) $BZUN Earnings Mixed (50.08) Had a huge run up into earnings issues IN-LINE guidance
Stock gapping down -$5 would nibble long the $45 area room to $48 then slow fade it, if this pulls hard at the open watch the $42-$43 level if it comes and fresh buyers will come in and buy the weakness, I would prefer a small pop towards $48+ then lean into it short for 2-3 point pullback
4) $CREE Earnings Disappointing (58.24)
Stock gapping down -$2.20 like to see small pop at the open towards $57-$57.75_ top it off then look for an all day fader on this, if this yanks more at the open watch the $54-$55 area for quick 2-3 point short covering bounce on it then look to fade it, more this pulls better the range to the upside on it
5) $PLCE another solid miss MISS on Guidance AGAIN (78.01)
Stock gapping down -$13 in Pre-Market, nice LONG off the bottom Janni at $65 Now we have to wait for this to set up again. Any pop at the open off the $72 area to $75 would lean into it short and look for an all day fader back down to $65 and under, if this pulls at the open hard off the $72 area to $63-$65 would bounce it again, in the end this should grind out between $63-$65 a share this is another disappointing quarter and investors area getting tired of it
6) $NDSN Earnings Miss (135.48)
Stock gapping down -$9 NO MM’s on it yet, like to see small pull at the open towards $120-$123 and under then look for quick 4-5+ point short covering pop then watch for topping then slow all day move to the downside, if this pops at the open and gap fills towards $130-$131+ scale in short and look for an all day fader on it
7) $BYND gapping up on Market and Yesterdays Upgrade (153.97)
Stock gapping up +$3 like to see small pop at the open to $157-$159 then look for quick gap fill back down to $154-$155 and under bottom curl then slow move back through pre-market highs, more this pops at the open better the fade for us on some gap filling
8) $TTD gapping up on Market gapping (250.12)
Stock gapping up +$5.75 like to see this push a little more at the open towards $257-$259 area then top it off then slow gap fill fade back down to $250-$252 and under then bottom curl then slow all day move towards $260+ more it pops better the gap fill fade on it then slow move to the upside
9) $NOW Stifel ups PT from $280 to $320 (255.28)
Stock gapping up +$8 nice upgrade nibbles some short small at $263.50 giving it room to $265-$268 at the open looking for gap fill to $260 and under bottom curl it then slow all day move to the upside, this is Stifel on the call so I do expect some gap filling this isn’t BofA or RBC so once we see $260 on the gap fill then look for buyers to come in and take it through pre-market highs
10) $BA Hires workers to keep the 737 clean and ready to be delivered (331.75)
Stock gapping up +4.50 gapping up this, took small nibble short at $335 room to add at the open to $337-$338 if it comes then look for a nice quick $333 and under gap fill then watch for bottom curl then slow all day move to the upside on it. As long as market hold we should see this to $340+ today
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Notable Calls:
$ADS Final numbers on Dutch Tender offer $148.50 per share (130.75) gapping up +$5 Like to see this move higher towards $139-$141 at the open then watch for some topping then slow fade gap fill for 2-4 points then should grind out, higher it pops better the range but wait for the stock to slow down this is interesting, play small in case we get $145 on it, I doubt it but I do like the initial pop at the open for quick money from $135 area seems cheap for the deal made
$TGT Hit all 3 Metrics across the board (85.53) gapping up +16 points I like small short at $101-$102 area look for the stock to give back to $94-$96 area on profit taking watch for bottom to set in then slow move back to pre-market highs, if this pops hard at open think we see $105 Tops on it then start to fade on some profit taking.
$HA Downgrade to sell from Stifel with $20PT (25.42) $24.20 on the bid down -$1.20 like to see small pop at the open towards $24.75-$25.20+ scale in short all day fader on it, if this pulls at the open hard to $23-$23.50 and under bottom curl it then go long on it to fill the gap then top it off and short it all day long
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