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

____________________________________________________________________________
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

 

Copyright © 2019 by AwesomeCalls LLC

No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED