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OP Wire 6/25

Gold prices jumped to fresh six-year highs on Tuesday as tensions in the Middle East escalated further.
Gold touched a fresh six-year high of $1,438.99 overnight as the geopolitical tension boosted safe-haven demand.

At a time when expectations are running high that the U.S. central bank will deliver a rate cut as soon as July, remarks from Fed Chairman Powell on monetary policy and the economic outlook today will be closely watched for further confirmation.
Powell will be speaking in a New York Times interview at the Council on Foreign Relations in New York at 1:00 PM ET.

$FDX and $MU are set to release earnings after U.S. markets close on Tuesday, as analysts begin to look ahead to what may be a difficult earnings season.
FedEx, considered a bellwether for the global economy, will likely give insight into the impact of trade tensions on its package delivery service. Micron's report comes after a deluge of analysts downgraded their recommendations, on mounting fears that sanctions on Huawei and the broader effects of the Sino-U.S. trade dispute will continue to pressure chipmakers’ sales.
With the second-quarter earnings season soon to start, analysts are painting a dim picture of the business outlook. They expect both 2Q and 3Q earnings to fall in year-on-year terms, according to Factset. If so, that would be the first time they have declined for three consecutive quarters since 2016.

Tuesday’s economic calendar is led by the Conference Board’s publication of its consumer confidence index for June at 10:00 AM ET.
The consensus expects a dip in consumer optimism, reflecting the sharp slowdown in employment growth last month.

Notable call activity was cited Monday in Facebook (FB), Caesars (CZR), Dominion (D), Mallinckrodt (MNK), Norwegian Cruise Line (NCLH), Karyopharm (KPTI), and Laureate Education (LAUR).

$CSCO- Cowen analyst Paul Silverstein said Cisco remains his "Best idea" for 2019. He cited confidence in its earnings power from an improving comps position, ongoing shift to recurring software revenue, and increasing strategic significance of the network. Silverstein reiterated his Outperform rating and $65 price target on Cisco shares. I like CSCO long too!

$TSLA- With Tesla set to announce Q2 deliveries mid-next week, Oppenheimer analyst Colin Rusch notes that the company distributed its internally gathered consensus, which is below FactSet consensus. Overall, the analyst believes the Tesla consensus is more consistent with buyside expectations, and that units are the primary consideration of investors, while noting that gross margin is a close second as it will drive overall cash flow performance. Rusch continues to expect better than feared deliveries and remains constructive near-term. He has an Outperform rating on the shares.

$GRUB- As previously reported, Citi analyst Mark May upgraded GrubHub (GRUB) to Buy from Neutral and increased his price target on the stock to $91 from $75, citing five primary factors he sees to be more bullish on the stock. Those include data that suggests that GrubHub may be in early tests with McDonald's (MCD), Starbucks (SBUX) and other large chains; his belief that the stock's multiple will expands if investors reward the company for new chain deals; GrubHub's ability to grow Gross Food Sales in the 20% range, which should allow it to hit its Q4 EBITDA/order guidance; a new driver pay formula that could benefit margins; and robust growth in the overall online food delivery market. This is the one to be in!

$SHOP- As previously reported, Wedbush analyst Ygal Arounian downgraded Shopify to Neutral from Outperform on valuation, while raising his price target on the shares to $305 from $270. While the analyst continues to like Shopify's positioning, vision, and competitive moat as it builds a strong retail operating system for merchants, he believes shares appropriately reflect the opportunity ahead. Additionally, while Arounian views the announcements at Shopify Unite as further improving and differentiating the platform, the most impactful announcement, Shopify Fulfillment Network, is not expected to generate profits until 2023.
Shopify downgraded to Neutral from Outperform at Wedbush.

$INTC- Intel is planning to cut prices of its eighth- and ninth-generation desktop processors by 10%-15% and has already notified its downstream PC and motherboard partners, DigiTimes' Monica Chen and Joseph Tsai report, citing sources from motherboard players. 

$SBUX-Credit Suisse analyst Jerome Vinerier initiated Starbucks with an Outperform and $92 price target.

$MCD- Credit Suisse analyst Jerome Vinerier initiated McDonald's with an Outperform and $230 price target.

$MSFT- Jefferies analyst John DiFucci said he continues to believes Microsoft (MSFT) shares are "materially overvalued," contending that evidence suggests that the widely-held assumption that Azure profit will come with scale, similar to how it did for Amazon Web Services (AMZN), is incorrect. Azure will likely never see margins similar to AWS at scale, argues DiFucci, who also thinks AWS long-term margins may be lower than most expect. The analyst, who admits that Microsoft "is one of the greatest software success stories in the short history of the sector," keeps an Underperform rating on the stock and raised his price target on the shares to $90 from $80. Microsoft shares closed Monday trading up 81c, or 0.6%, to $137.78.
Large gap to fill here and at ATH its a good time to consider a put play soon imo.

Hey OP! I’ll be scalping AMD and WMT Puts today. Also eyeing MSFT and AAPL Puts for scalps. Waiting for Fed speak this afternoon and you also have G20 to dodge until we can get back into our swing alerts. Stay patient folks- it pays!
Have a great day🤑


 

OP Wire 6/24

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Eldorado Resorts (ERI) has agreed to merge with Caesars (CZR) in a cash and stock deal that values its peer at about $18B including debt, Reuters' Greg Roumeliotis reported, citing people familiar with the matter. The deal, which is expected to be announced on Monday, values Caesars at close to $13 a share, according to the sources. 2. FedEx (FDX) said an operational error prevented a Huawei package from being delivered to U.S., just weeks after the delivery company said an error led to the Chinese firm's packages being misdirected, Reuters' Kanishka Singh wrote. China's Global Times newspaper said in a tweet later the company is likely to be added to China's "unreliable entities list" due to the incident. 3. Passed unanimously last year, the California Consumer Privacy Act is the state's underappreciated attempt to regulate the collection and sale of personal data by Facebook (FB), Alphabet 's (GOOGL) Google, and other companies that rely on targeted advertising and the sale of consumer data to power their businesses, Eric Savitz wrote in this week's edition of Barron's. The law, which goes into effect on January 1, 2020, will force almost all companies to change the way they collect, handle, and share data on Californians, he noted, and the effects will spread everywhere. 4. In one of the biggest openings of all time for an animated movie, Pixar and Disney's (DIS) "Toy Story 4" won the North American box office over the weekend with $118M. Overseas, the movie launch to $120M for a $238M globally, a record for the genre. "Toy Story 4" received 98% on Rotten Tomatoes, while sporting an A CinemaScore. 5. Humana (HUM), Planet Fitness (PLNT), Marriott (MAR), Exxon Mobil (XOM), Chevron (CVX), Exelon (EXC), Prologis (PLD), NextEra (NEE) and Merlin Entertainments (MERLY) saw positive mentions in this week's edition of Barron's.

7:35am EST- U.S. equities are modestly higher amid cautious, nervous trading to begin the week. Tensions with Iran remain elevated, while the G20 looms at the end of the week. Presidents Trump and Xi are scheduled to meet. The Dow mini, S&P 500 mini and NASDAQ mini are all 0.2% firmer in pre-market futures trading. European bourses are mildly lower, with the Euro Stoxx down 0.5%, the CAC off 0.2% and the DAX contracting 0.7%. Asian shares were marginally higher -- China's CSI 300 edged up 0.2%, Japan's Nikkei 225 rose 0.1% while Hong Kong's Hang Seng improved 0.1%.

$EA- Stephens analyst Jeff Cohen said he is switching his best idea in video games to Electronic Arts (EA) from Take-Two (TTWO) as he sees more near-term catalysts for the former, noting that Apex Legends Season 2 begins on July 2. While not predicting that Apex is going to eclipse Fortnite again as it did in February, Cohen thinks Fortnite's popularity has "hit a lull" with Season 2 launching at the right time to capture momentum for Apex. The analyst, who sees a bull case scenario where Season 2 generates $150M in revenue for EA, also expects the company to announce a deal to bring Apex to China and mobile, he said. Cohen keeps an Overweight rating on EA shares with a $120 price target.

$MU- Mizuho analyst Vijay Rakesh said he expects weak May quarter results and August quarter guidance from Micron when the company reports on June 25, given the Huawei ban, weaker handset demand, an uncertain rebound in hyperscale demand and DRAM and NAND prices trending below previous expectations. While he keeps a Buy rating on Micron shares, Rakesh lowered his estimates and cut his price target on the stock to $44 from $47 ahead of Tuesday's report.
If this loses $32.5 then $29 is coming quickly.

$SPOT- Meeting to be held in New York, NY on June 24 hosted by SunTrust

$AMZN- Amazon is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office, Reuters says. The delivery drones can be used to record video of consented user's property to gather data that can be analyzed to look out, say for example, a broken window, or a fire or if a garage door was left open during the day, the patent described. Interesting 🤔

$BA- Airbus (EADSY) and Boeing (BA) have been locked in an epic struggle for generations, with the former seeming to have gotten the upper hand at the biennial air show in Paris, Al Root writes in this week's edition of Barron's. Yet a closer look shows aerospace investors are the true winners, the author notes. The 2019 air show offered Boeing the chance to show that it is making progress following the tragedy, and the company passed the test, Root adds. Boeing still has a long row to hoe to restore confidence in the Max, yet the structure of the industry and the way aircraft are purchased gives the company time to make Max fixes and for the stock to recover, he contends.

$MAR- Since the start of this year, Marriott's shares have rallied about 26% and have nicely beaten the S&P 500 index's 17% gain, Teresa Rivas writes in this week's edition of Barron's. But the stock could keep climbing as earnings rise, bolstered by the company's expansion in fast-growing regions and new travel businesses, she contends.

Hey OP! Today I’ll be looking to play AMD Puts and MU puts on any pops. 
G20 meeting will be the catalyst that determines the next major move. 
Great time for folks to take Track’s Course while waiting the trade dispute out. Email me if interested- there are just a few spots remaining for the 7/2 start. All sessions are live and recorded!
Have a great day OP!

😭7 Reasons to Never Give Up Trading:
    0.    Trading will educate you about yourself and your tendencies-You will learn your strengths and weaknesses.
    0.    Learning to trade well will make you a more efficient person. Good traders do well with managing their ego, fear, greed, and with risk management in other areas of their life.
    0.    Trading is a good measure of your strengths and weaknesses. It is competitive, but happens on an even playing field.
    0.    A great trading system can be a stream of consistent income.
    0.    You can grow your capital through compounding, and significantly change your life & achieve your goals.
    0.    Nothing else offers the personal control over your financial freedom like trading.
    0.    What else are you going to do? Work a 40 year career in a job you don’t like, making money for someone else.
Quitters give up when they are tired and frustrated. Winners NEVER quit until after they have won.

OP Wire 6/21

 

Today is Quad Witching -Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December.

I like to buy Puts in the late part of the session during QW for a scalp as many times there is an increased amount of order to drop things- I’ll be doing this with AAPL today.

 

$PSX-Citi analyst Prashant Rao upgraded Phillips 66 to Buy from Neutral.


$MU- JPMorgan analyst Harlan Sur lowered his estimates for Micron Technology ahead of the company's fiscal Q3 results on June 25.His reduced estimates reflect the component bans to Huawei, a 13% customer in the first half of fiscal 2019, worse than anticipated DRAM pricing, and expectations of a slower recovery in back half of this year and into next year on macro uncertainty and trade tension. The analyst believes blended DRAM pricing in the March, April and May timeframe declined by ~30% versus his previously estimated 25% decline. Sur now expects Micron's fiscal Q3 revenue and earnings to be below the low-end of the prior guided range and he estimates Q4 earnings per share troughing at around 15c-25c. The "shape of the recovery" may be negatively impacted by trade tensions with potential demand destruction in consumer segments, Sur tells investors in a research note. However, with Micron shares trading near book value, the analyst believes the risk/reward is favorable for investors to take a long position. As such, he keeps an Overweight rating on the name.

$AMZN- RBC Capital analyst Mark Mahaney kept his Outperform rating and $2,300 price target on Amazon.com, saying his 2019 Online Shopping Survey showed "more constructive" results for the company relative to last year, which indicated some plateauing in U.S. Prime penetration. In this year's poll, the analyst says respondents report "modest" improvements in satisfaction levels, "material" improvement in penetration, and ongoing improvements in purchase frequency and spending activity.
I like AMZN long too.

 

$CGC- Piper Jaffray analyst Michael Lavery says Canopy Growth reported fiscal Q4 net sales of C$94M, modestly below his C$97M estimate but ahead of the C$90M consensus estimate. The analyst considers Canopy's sales growth to be on track, and he expects growth to accelerate as industry-wide supply shortages subside and hemp-derived CBD products are commercialized in the U.S. Canopy continues to invest for growth, and positive adjusted EBITDA is not expected in the near-term, Lavery tells investors in a research note. He keeps an Overweight rating on the shares with a $60 price target. 

$TSLA- Baird analyst Ben Kallo raised his price target for Tesla to $355 from $340 and reiterates an Outperform rating on the shares. Consensus expectations "have overshot to the negative," creating a favorable share setup for the remainder of the year, Kallo tells investors in a research note. The analyst sees "several catalysts" which could drive Tesla shares higher, beginning with the upcoming delivery release. Further, Kallo has noticed "bear arguments have preemptively shifted from demand to profitability." A "solid" Q2 delivery announcement could set up a positive cash flow quarter and set the stage for share appreciation in the second half of 2019, contends the analyst. He expects Tesla will release Q2 delivery numbers on or before Wednesday, July 3, and that the stock should react positively.

$CAT- Atlantic Equities analyst Richard Radbourne downgraded Caterpillar to Underweight from Neutral and lowered his price target for the shares to $110 from $135.
This one will get hit especially hard if now China deal happens.

 

Today I will be playing AMD Puts (continued from yesterday’s chat play) and WMT Puts.

Will also look to scalp AAPL Puts as mentioned above into close.

 

Track’s Charting/Indicators Course starts soon- message me if interested in hearing more. It’s a great course for those that want to improve on their entries/exits & locating opportunities.

Have a great day OP!

 

 

 

OP Wire 6/20

Notable call activity was cited Wednesday in Intel (INTC), Uber (UBER), Caesars (CZR), and Crown Castle (CCI).

Notable put activity was cited Wednesday in Zillow (Z) and Gerdau (GGB).

AAPL- Deutsche Bank analyst Jeriel Ong last night initiated coverage of Apple with a Hold rating and $205 price target. The stock closed yesterday down 58c to $197.87. The analyst sees potential for 2019 iPhone cycle "lull" ahead of 5G iPhones in 2020. And while other hardware is transitioning to growth, namely Watch and AirPods, "this is more of the slow-and-steady variety," Ong tells investors in a research note. Further, Apple's Services business "increasingly faces a law of large numbers dynamic," adds the analyst. Taken together, Ong sees a "balance reward profile relative to the risks" with respect to Apple shares.

$SHOP- Piper Jaffray analyst Michael Olson raised his price target for Shopify to $286 from $216 following the company's Unite conference and keeps a Neutral rating on the shares. While a number of updates to Shopify's offerings were announced, the most significant takeaway was the Shopify Fulfillment Network, Olson tells investors in a research note. Through this offering, Shopify will warehouse and ship orders for a wide range of merchants, the analyst points out. He believes fulfillment solves a merchant "pain point" and provides another avenue for incremental sales growth. Olson believes the company is performing well fundamentally, but he feels this is largely factored into the shares at current levels.

$TSN- Investor day to be held on June 20 at 8:30 am. I expect a pop from their $BYND competitive product announcement.

$SHOP- Rosenblatt analyst Mark Zgutowicz raised his price target on Shopify (SHOP) shares to $395 from $295

$TSLA- RBC Capital analyst Joseph Spak previews Tesla's Q2 deliveries announcement, saying that his recent checks and reported data have led him to increase his estimate to 88.9K units - up from his prior forecast of 87.6K but below the company's guidance of 90K-100K. The analyst notes that the company is focusing on returning to growth with its delivery count amid recent "unconfirmed reports" about improved demand, but also believes that it is sacrificing profitability with those efforts. Spak further states that the release of Q2 results will support his thesis that "demand for Tesla vehicles comes at a lower price point where they have difficulty making money", keeping his Underperform rating and $190 price target.
Goldman Sachs analyst David Tamberrino noted that Tesla shares have recently been bouncing back amid optimism about near-term deliveries. While he thinks Q2 should be fine and the company is likely to achieve volumes near consensus forecasts, he thinks volume estimates for the second half of the year and beyond look high considering he sees fewer levers left for the company to pull given that Tesla has already released lower priced Model 3 variants, introduced leasing and right-hand drive orders have started. Additionally, another step-down in the U.S. federal tax credit for Tesla vehicles is coming on July 1, Tamberrino noted. He continues to see the company achieving below 1M total units as his base case by 2025, noted the analyst, who keeps a Sell rating on Tesla and lowered his price target on the stock to $158 from $200 as he sees lower odds that the company hits his upside volume scenarios. Tamberrino expects Tesla shares to get back to being on a downward path as it becomes clearer that sustainable demand is below expectations, he concluded.

Hey OP! I’ll be watching MSFT open closely as we are set to gap negatively against our alert play today. Many of you that are experienced may elect to average down at open with tight stop to play any potential retrace but if not experienced I would strongly suggest not doing this. 
If it opens strong and continues to run I will take my loss and move on- can’t win them all and this is why we play our system with rules!

Have a great day everyone!

OP Wire 6/19

The Fed will make a decision on interest rates on Wednesday at 2 p.m. ET, concluding a two-day meeting. The central bank is not expected to make changes but investors are hoping for the central bank to signal a rate cut as soon as July. Powell will be holding a news conference Wednesday following the decision.
Fed fund futures price in a more than 80% chance of a rate cut in July, with an additional two cuts by the end of the year holding just below the 50% mark.

Friday is Quad Witching-Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December.

Notable call activity was cited Tuesday in Facebook (FB), Alibaba (BABA), US Steel (X), General Motors (GM), Caesars (CZR), PepsiCo (PEP), Zillow (Z), and Pacific Biosciences (PACB)

$FB- JMP Securities analyst Ronald Josey thinks the adoption of the Libra cryptocurrency is likely to take time, but the quality and diversity of the founding members and creation of the association to manage Libra could accelerate adoption of the coin and of cryptocurrency globally. Josey believes Facebook's opportunity with Libra could have a significant impact on the company and potentially increase engagement across Facebook's family of apps as more goods and services are transacted using Libra, he tells investors. Josey keeps an Outperform rating and $220 price target on Facebook shares

$AAPL- Wedbush analyst Daniel Ives notes that according to a media report from Nikkei, Apple is seriously contemplating plans to move potentially 15%-30% of its iPhone production out of China over time due to trade tensions. The analyst highlights that the Foxconn factory in China is "the linchpin of Apple's iPhone production and speaks to why Cook & Co. have become the poster child" for this U.S./China trade war battle, which he believes has resulted in a "$20-$25 overhang" on Apple's stock. In a best-case scenario, Ives sees Apple being able to move 5%-7% of its iPhone production likely to India in the next 12-18 months. Moving 15% of its iPhone production from China to other regions would take at least 2-3 years given the complexity and logistics involved in such an endeavor and clearly have its share of risks, he adds. Ives reiterates an Outperform rating and a $235 price target on the shares.

$ADBE- Wedbush analyst Daniel Ives raised his price target for Adobe to $290 from $270 after the company reported a "solid" Q2 as the "ARR machine continued to hum along" with its Digital Media business growing 22% year over year and core underlying metrics supporting a company that is still in the middle innings of a growth cycle. The analyst believes the company has some fuel left in the tank heading into the rest of 2019/2020 with potential new customer acquisitions in its sights especially as perpetual document cloud users continue to make their cloud journey through Adobe's Creative Cloud which is still finding "impressive ways" to further penetrate its massive installed base. Ives reiterates a Neutral rating on the shares.
Stephens analyst James Rutherford upgraded Adobe to Overweight from Equal Weight and raised his price target on the stock to $327 from $288 after the company's "strong" revenue and EPS beats in Q2. He believes the strong Digital Media results will help quiet investor worries about a near-term slowdown and has become convinced that the Marketo and Magento will be material drivers of revenue growth in the near-term.

$BA- Boeing and Turkmenistan Airlines announced the airline's plan to extend its long-haul operations by adding a fourth 777-200LR airplane to its fleet. The commitment, valued at $346.9M at list price, will be reflected on Boeing's Orders and Deliveries website once it is finalized. The new 777-200LR will be the 32nd airplane purchased by Turkmenistan Airlines from Boeing.
Plans to put Boeing's 737 MAX aircraft back in flight have been delaying in part due to concerns over whether the average pilot has enough physical strength to turn a manual crank in emergencies, the Wall Street Journal's Andy Pasztor and Andrew Tangel report, citing people familiar with the matter. The issue, which has forced a review of certain safety assumptions for all 737 models, has been the focus of weeks of engineering analysis, simulator sessions and flight testing.

$MSFT- Deutsche Bank analyst Karl Keirstead raised his price target for Microsoft to $155 from $145 after hosting meetings with the CFOs of the company's Cloud, Enterprise unit and Windows, Office and Gaming. The shares are at an all-time high as investors rotate into defensive software stocks from other enterprise tech sectors seeing a cyclical decline in infrastructure spending, Keirstead tells investors in a research note. He affirms a Buy rating on Microsoft.

$BIDU- Baidu management to meet with Oppenheimer  Meeting to be held in Boston, MA on June 21 hosted by Oppenheimer

$NFLX- Goldman Sachs analyst Heath Terry met with Netflix CFO Spencer Neumann and noted that the executive highlighted a number of areas he sees, both geographically and from a content investment perspective, that provide opportunities for market share gains and subscriber growth. Neumann also highlighted engagement and pricing opportunities and reiterated that Netflix expects to start reducing its annual cash burn in 2020, according to Terry. He keeps a Buy rating and $460 price target on Netflix, which remains on the firm's Conviction List.

Will be looking to play FOMC reaction (after 2pm) and will be targeting AAPL and NUGT. 
NUGT Puts could make big move so be watching!

Have a great day- stay safe and resist the urge to trade early.... cheers 

OP Wire 6/18

 

European and U.S. futures turned positive after Draghi sparked hopes that central banks would ease policy to support a weakening global outlook. Let’s see if the gains hold today.

 

$BA- Chief Financial Officer Greg Smith told Bloomberg that he would be open to a name change to the 737 MAX, the company hurriedly told Reuters that it was not currently working on plans to change the name.

BofA/Merrill analyst Ronald Epstein commented on Day 1 of the Paris Air Show, telling investors that "there were more questions than answers" regarding Boeing's 737 MAX. In a research note to investors, Epstein says his team's conversations with suppliers and other industry participants did not provide additional clarity on the certification of the 737 MAX, and says Boeing appears to be using the show as opportunity to explain what has gone wrong with 737 Max program, adding that he is "surprised" that the 737 MAX is in the position that it is. Epstein also notes that a rebranding effort for the 737 MAX would likely not fix the confidence issues facing the MAX, as "A rose by any other name would smell as sweet.

 

$FB- Facebook (NASDAQ:FB) announced further details on Tuesday of its planned digital currency Libra, which it expects to go live in the first half of 2020.

The Libra currency - designed as a blockchain network backed by other assets - will not be owned by Facebook itself. Mark Zuckerberg's company will lead a consortium developing it that will include payments companies Visa, Stripe and PayPal  to help spread acceptance. Other tech companies such as eBay,  Lyft,  Uber and Spotify are also reported to be on board.  Facebook will look to profit from the launch with a new subsidiary called Calibra, a digital wallet designed to store and exchange Libra. 

Congrats to all that played this Friday’s or even yesterday’s mention. Great gains!

$QCOM- Morgan Stanley analyst James Faucette said being a Qualcomm (QCOM) shareholder has "always required a bit more mettle" given its history of political and legal risks, but he thinks that at current levels the stock is "still worth the noise." Faucette reduced his FY19 and FY20 estimates slightly because he no longer assumes Apple (AAPL) will refresh its portfolio to include more Qualcomm-based legacy models in late 2019 and most of FY20 and also to be more conservative in his assumption of Huawei's contribution. However, he is now modeling more impact from an uplift in 5G average selling prices and thinks if Huawei handsets are absorbed by other OEMs that Qualcomm could see a positive impact, Faucette noted. The analyst, who projects Qualcomm's FY21 earnings at about $6.80 per share, keeps an Overweight rating and $95 price target on the stock. At this level I do think it’s worth a long hold.

$BLUE- Maxim analyst Jason McCarthy upgraded Bluebird Bio to Buy from Hold with a $160 price target.

 

$TWLO- Needham initiated Twilio with a Buy rating and $165 price target.

$AAPL- KeyBanc analyst Andy Hargreaves says that supply checks suggest near-term Apple iPhone demand has stabilized, but suggest little optimism around a recovery in FY20 due in part to relatively modest hardware updates, stagnant global demand, and the potential for ongoing impairment to demand in China. The analyst lowered his estimate of FY20 iPhone unit growth to 2%-plus from 5%-plus and slightly reducing his FY20 iPhone ASP estimate to $731 from $738. This drives his FY20 revenue and EPS estimates to $263B and $12.61, respectively, from $268B and $12.85. Hargreaves reiterates a Sector Weight rating on the shares.

$JPM- JPMorgan (JPM) is working on a secretive digital banking project based out of London, TechCrunch's Steve O'Hear reports. According to sources, the investment bank has started recruiting for a secretive skunkworks project, adding that the bank "is busy hiring high level developers with full-stack and cloud-based dev skills for the new project, along with other personnel." One source says the project is still in the formative stages and that interested candidates are being asked to sign an NDA. O'Hear also notes that there is speculation that JPMorgan is looking to develop a competitor to Goldman's (GS) Marcus digital bank

$TSLA- Tesla CEO Elon Musk deleted a tweet over the weekend attacking Tesla co-founder Martin Eberhard, who is now the chief technology officer and chairman of an electric-vehicle-battery startup called Tiveni, Business Insider's Graham Rapier reports. Musk said: "Tesla is alive in spite of Eberhard, but he seeks credit constantly & fools give it him." Eberhard was fired from Tesla in 2007 and fired a defamation lawsuit against Musk in 2009.

$DIS- UBS analyst John Hodulik kept his Buy rating and $165 price target on Disney, saying the UBS Evidence Lab Media Consumption survey found 43% of responders expressing interest in subscribing to Disney+. The analyst notes that this rate is above the company's 20%-30% U.S. broadband household penetration estimate and implies a "strong" interest considering that Disney+ subscriptions will not open until November and marketing for the service has yet to "hit critical mass."

FOMC meeting tomorrow- today is not a good day to enter a swing trade with that said...

I’ll be waiting until after tomorrowto enter new play. I do feel like the Fed will not lower rates and this will cause market to drop as most are expecting an announcement of lowering.

Scalping puts into tomorrow may be good if things continue to run today. 

Have a great day OP!

 

OP Wire 6/17

European Central Bank President Mario Draghi will give remarks to the euro zone monetary authority’s annual three-day meeting in Sintra, kicking off a busy week that will include policy decisions from the Federal Reserve, the Bank of Japan and the Bank of England.

Huawei Technologies Chief Executive Officer Ren Zhengfei said Monday he expects sales to drop $100B. this year and next after the U.S. banned American companies from doing business with the Chinese firm

Notable call activity was cited Friday in Facebook (FB), Pfizer (PFE), Box (BOX), Antero Midstream (AM), and Red Robin (RRGB).

Notable put activity was cited Friday in General Electric (GE) and Western Union (WU).

$BA- The Federal Aviation Administration could start flight trials of the 737 MAX safety enhancement as early as this week, according to sources cited by The Wall Street Journal.
Boeing engineers are reducing the scope and duration of expensive physical tests used to certify its new 777X, but the strategy may be at risk as regulators and lawmakers investigating the two fatal Boeing plane crashes could require additional rigorous safety tests, Reuters' Eric Johnson reports, citing two people with direct knowledge of the strategy. Engineers will cut hours off airborne testing through the use of computer models to simulate flight conditions and are looking to present the results to the Federal Aviation Administration as part of the basis for certification.

$AAPL- Credit Suisse analyst Matthew Cabral says that the pace of decline for Apple's iPhone shipments in China has significantly improved thus far in Q2 as benefits of recent price cuts flow through, albeit with units still down and lagging the overall Chinese smartphone market. While "less bad" China data is a clear positive given the magnitude of the prior headwind, the analyst believes risk remains as trends decelerated from April to May and June is likely to be the biggest swing factor for Q2 given trade tensions did not re-ramp until the back half of May. Cabral expects Apple's share price to remain range-bound near-term, given the significant uncertainty created by U.S.-China trade tensions. He reiterates a Neutral rating and $209 price target on the shares.

$FOLD- H.C. Wainwright analyst Debjit Chattopadhyay started Amicus Therapeutics with a Buy rating and $18 price target. The analyst belies AT-GAA is a potentially superior alternative to Lumizyme. The ongoing Propel Phase 3 program is likely to deliver superiority over conventional enzyme replacement therapies, positioning Amicus with a shot at a $1B-plus lysosomal storage disorders franchise in 2025, Chattopadhyay tells investors in a research note.
I’m in the Jan 2021 $15 Calls here 

$WMT- Walmart (WMT) is now offering a new grocery delivery subscription service called "Delivery Unlimited," taking aim at Target's (TGT) Shipt Amazon Prime Now/Whole Foods (AMZN) and Instacart, TechCrunch's Sarah Perez reports. The retailer currently offers a $12.95 per month plan or $98 per year subscription for the service.

Today I’ll be watching the current AAPL play. If it retraces to my entry I will sell at even. If it continues to go higher then I’ll take my 20% gain as it comes. 
With Fed set to give incite this week, I’ll be laying low... could whipsaw a bit and you don’t want to get caught in that unless scalping in and out quickly!
With G20 coming, we should have some idea if this Trade war will continue to drag out or if progress is possible. Either way, markets should become desensitized a bit similar to Brexit. Patience will Pay us once again!
Have a great day OP

 

OP Wire 6/13

Trump told reporters Tuesday that he had no interest in moving ahead with a trade deal with China unless they agree to five “major points,” although he didn't specify which major points he was referring to. He once again accused China of reneging on previous commitments - something that Beijing has denied.
His comments appear to reduce chance of any de-escalation of the dispute between the two countries at the G20 summit meeting at the end of month. Say hello to more Volatility 🤷🏼‍♂️😉

$FVRR- Tel Aviv-based Fiverr International Ltd proposes to offer 5,263,158 shares in a U.S. initial public offering, with the price of each share estimated between $18 and $20.
This is a low float play- could see a nice initial pop. 

$AVGO- Set to report its fiscal second-quarter results after the market closes on Thursday.
The chipmaker is expected to report earnings of $5.21 a share on revenue of $5.69 billion, up from $4.88 a share and revenue of $5.02 billion a year ago, according to analysts polled by Investing.com. Shares are up 10% this year.
If the market pulls back then it won’t matter now well they report for a directional play (my guess)

$BA- Just awarded $194 Mil Government Contract 

$ATVI- To present for E3 today.

$BABA- Unusual Call volume in the Jan $155C yesterday.

AMZN- May be considering $GRUB acquisition. 

$AMD- Atari just announced new platform and it will use AMD 
https://atarivcs.com/

$RAD- Rhumbline Advisers increased its position in Rite Aid Co. by 1.6% during the 1st quarter.The institutional investor owned 1,586,561 shares of the company’s stock after buying an additional 25,030 shares during the period. Rhumbline Advisers’ holdings in Rite Aid were worth $1,007,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of Rite Aid by 111.9% in the 4th quarter. Wedbush Securities Inc. now owns 37,875 shares of the company’s stock worth $27,000 after buying an additional 20,000 shares during the period. Pensionmark Financial Group LLC acquired a new stake in Rite Aid in the 4th quarter valued at $32,000. Brookstone Capital Management increased its holdings in Rite Aid by 111.8% in the 1st quarter. Brookstone Capital Management now owns 42,617 shares of the company’s stock valued at $27,000 after purchasing an additional 22,500 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Rite Aid by 137.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 54,414 shares of the company’s stock valued at $39,000 after purchasing an additional 201,597 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Rite Aid in the 1st quarter valued at $53,000.
It’s getting so low that it may be a decent flyer to consider. 

$MSFT- Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.46 per share. The dividend is payable Sept. 12, 2019, to shareholders of record on Aug. 15, 2019. The ex-dividend date will be Aug. 14, 2019.

$LULU- Stifel analyst Jim Duffy noted that Lululemon's retail comparable store sales growth accelerated in Q1 despite more difficult comparisons, led by strong traffic growth. Following the company's results and guidance, which he still thinks has upside despite being raised, Duffy raised his price target on Lululemon shares to $209 from $187 and keeps a Buy rating on the stock.
Susquehanna analyst Sam Poser recommends buying shares of Lululemon following last night's "exceptional" Q1 results. The analyst says the quarter shows that Lululemon remains the "premiere retailer" in his coverage universe. The company's fiscal 2019 guidance was raised and there are no signs that momentum is slowing, Poser tells investors in a research note. The analyst is confident that the momentum experienced over the past several quarters will continue and keeps a Positive rating on Lululemon with a $210 price target. "There is more room to run," says the analyst.

$TSN- Tyson Foods introduced the company's first plant-based and blended products, along with its new Raised & Rooted brand. The initial products under this new brand, which will launch with several major retail customers this year, include plant-based nuggets as well as blended burgers made with a combination of beef and plants. In addition, the company's existing Aidells brand has launched Aidells Whole Blends sausage and meatballs, made with chicken and plant-based ingredients. Tyson Foods expects to introduce additional alternative protein products through multiple customers and sales channels.

$CMG- Piper Jaffray analyst Nicole Miller Regan reiterates her bullish view on shares of Chipotle Mexican Grill. The analyst is encouraged by the recent sales momentum and believes the Chipotle brand is positioned to deliver further upside over time. Its operations have fundamentally improved following a refocus on "artfully executing the basics at the store-level," Regan tells investors in a research note. She keeps an Overweight rating on Chipotle with a $783 price target.

$NVDA- After meeting with management, Oppenheimer analyst Rick Schafer notes that AI accelerator attach remains below 5%, but expects this to "rise materially" in the years ahead as the proliferation of neural networks continues. The analyst sees Nvidia's share of the training market at 100%, and sees few challenges to its training dominance on the horizon. He also expects TensorRT4 to quickly gain share and sees topline reaccelerating to 20%-plus growth as hyperscaler spending picks back up. Schafer reiterates an Outperform rating and $190 price target on the shares. I love NVDA long - have to time it right as it moves hard - taking gains as they come has always been the recipe for success with this one!

$RH- Stifel analyst John Baugh called RH's Q2 results a "strong bounceback" after the year's tough start, noting that the company's revenue growth, adjusted EBIT margin and adjusted EPS all beat his estimates. He raised his price target to $140 from $120 after the strong results and guidance raise, but said his target could be somewhat conservative as thinks valuation should get bumped following the quarterly report. Baugh keeps a Buy rating on RH shares.

$EA/$MSFT- Benchmark to hold company meetings at conference  Benchmark Company Meetings at E3 2019 are being held in Los Angeles on June 8-13.

Interesting points-Rare Earth Metals-Vanadium is used in aerospace, military defense, large-scale energy storage, and steel-strengthening agents.
    •    China controls 60% of the global vanadium supply
    •    US imports 100% of its vanadium

Hey OP! Today 👀 MSFT, LULU and NVDA!

I grabbed June 28 $134 $MSFT Calls yesterday afternoon with some of the Lifers- I like it today too as long as market doesn’t reverse after open. 
Getting in and using your entry as your stop may pay well and with E3 going on it may continue to run.
Will be watching $LULU and $NVDA Calls today too!
Be careful of market fake today- just sensing we see a reversal soon- 
Have a great day!

 

OP Wire 6/12

Oil prices are sliding further on revived concerns of a glut in global markets after the U.S. government revised down its forecast for global oil demand this year by 160,000 barrels a day.

All eyes will be on today’s CPI release- interest rate cut by the Federal Reserve now largely priced in for July, bulls will be hoping that May’s consumer price index reading at 8:30 AM ET won’t make it harder for the Fed to justify such a step. Should be interesting!

$GRUB- Amazon's (AMZN) discontinuation of its U.S. restaurant delivery service removes the threat to GrubHub (GRUB) of Amazon expanding its online food delivery business organically, BofA/Merrill analyst Nat Schindler tells investors in a research note. Schindler notes that online food delivery is a large, fragmented, and rapidly evolving market with significant capital infusion from public and private investors, and Amazon may be shifting from "build" to "partner or buy" in this market. The analyst contends that while GrubHub has lost some market share recently, he sees growth as healthy overall, and says the disconnect between rising private valuations and recent declines in GrubHub's market cap may create an opportunity.  
Of all the players in this arena, I like this one the most to succeed!

$SBUX- Citi analyst Gregory Badishkanian says his survey of over 300 Chinese coffee market consumers indicated the consumers are "generally indifferent" about purchasing American goods versus 12 months ago. This suggests relatively little impact to Starbucks (SBUX) from the recent geopolitical disputes, Badishkanian tells investors in a research note. Further, the survey shows Starbucks is leading on taste while competitors are leading on price, adds the analyst.
I continue to like this play! They have just begun in China!

$FDX- KeyBanc analyst Todd Fowler lowered his price target for FedEx to $190 from $215 ahead of Q4 to reflect trade uncertainty and some impact of the non-renewal of the U.S. domestic Express contract with Amazon (AMZN), partially offset by improved Ground margins, voluntary buyout benefits, and modest Freight contribution. The analyst reiterates an Overweight rating on the shares.
Lots of room here if this PT is accurate.

$MSFT- Wedbush analyst Daniel Ives believes Microsoft (MSFT) remains in an "enviable position" heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. So far in the June quarter the analyst is seeing a "clear acceleration" of larger and more strategic enterprise cloud deals as believes "Redmond is poised to win the lion's share" of the next phase of cloud deployments versus Amazon (AMZN). The shift to cloud is a major secular trend that is significantly benefiting Microsoft in the field and should continue its momentum heading into the next 12-18 months, he contends. Ives reiterates an Outperform rating and $155 price target on Microsoft's shares.

$TSLA- Wedbush analyst Daniel Ives notes that Tesla held its annual shareholder meeting, where CEO Elon Musk provided an update on Model Y as well as Gigafactory-China, outlined the roadmap and status for the Pickup and Semi, while providing insights into the current quarter, Model 3 demand, and battery production. The analyst highlights that Musk stated the company has decent shot for a record quarter on all metrics, Tesla's product roadmap relies on its ability to scale the production of cells and battery packs, and Tesla is on target to grow its entire fleet by 60% to 80% this year but that it is "hard to be profitable" at that rate of growth. Ives continues to believe in the near-term Musk and Tesla are facing a "fork in the road scenario" with Model 3 demand, and thinks the company needs a significant rebound in Model 3 deliveries this quarter as well as into the back half of 2019 for it to provide sustained profitability. The analyst has a Neutral rating and a $230 price target on the shares. Baird analyst Ben Kallo believes Tesla's annual meeting last night was a "positive step" towards rebuilding investor credibility. He likes the stock's setup into the balance of the year. Management indicated demand is not a concern, Kallo tells investors in a research note. The analyst thinks the Tesla narrative is "overly negative" and that "bear arguments will be disproven in the coming weeks and months." There are several catalysts over the next few months which could create a challenging short environment, says Kallo. These include the company's delivery release by July 4 with potentially record volumes, a potential cash flow positive quarter, and the battery and powertrain analyst day expected this summer, according to Kallo. The analyst also thinks short covering over the next few weeks "could provide an incremental buyer" for Tesla shares. He keeps an Outperform rating on the name with a $340 price target. 
What a bounce this has made since hitting $180 area.

$AMD- AMD management to meet with UBS  Meeting to be held in Hong Kong/Beijing on June 12 hosted by UBS.

As many of you read yesterday, OP lost a great friend and he leaves behind a wonderful wife and kids that many of us had the pleasure of meeting while attending OP events. 
I shocked and saddened to say the least as he was a great friend of mine.
Please keep Mirinda and the family in your thoughts and prayers. I thank all those that have posted in response to Mirinda’s mention as OP never ceases to amaze me just how caring and thoughtful this group is. 

Today I’ll be laying low- will be watching to see if market bounces from opening dip or starts to retrace after all these gains.
MSFT, AAPL, and FB would be the targets to scalp if it looks like market shrugs this off or if CPI makes market run again. 
Have a great day OP!

 

 

OP Wire 6/11

Fed To Cut? 
With the Federal Reserve in a blackout period ahead of next week’s policy decision, markets are “convinced” the U.S. central bank will need to cut rates at the following meeting in July.
The ongoing trade tensions and a series of weak global macro data have steadily pushed up bets on an easing and, while expectations are for no move in June, fed funds futures now put the probability of a July cut at nearly 80%.

Annualized readings of the producer price index out at 8:30 AM ET are forecast to have eased in May. The PPI is considered a leading indicator as manufacturers often pass price changes at the factory gate onto consumers.

Global stocks moved higher on Tuesday, as signs of stimulus in China enhanced a positive mood created by the suspension of tariffs on Mexico and expectations of Fed easing.

$AMZN becomes the world’s most valuable brand with a price tag of $315.5 billion, according to a global ranking released on Tuesday-The 2019 BrandZTM Top 100 Most Valuable Global Brands ranking, compiled by WPP research agency Kantar

Notable call activity was cited Monday in Qualcomm (QCOM), Disney (DIS), Centene (CNC), Caesars (CZR), KeyCorp (KEY), Boston Scientific (BSX), Fiserv (FISV), and Synchrony (SYF).

$WMT- Oppenheimer analyst Rupesh Parikh is more confident in Walmart's ability to translate a strong top line into healthier bottom line EPS growth down the road after meeting with management. The analyst believes broad-based momentum is poised to continue from here driven by management investments, favorable macro, and competitor rationalization, while innovation cycle remains strong. Parikh also notes that Walmart remains intently focused on improving convenience to consumers with the recent rollout of Free Next Day Delivery and in home delivery, as U.S. e-commerce losses could flip down the road as Walmart mixes into higher margin home and fashion categories. Additionally, Walmart continues to see a solid U.S. consumer even with some of the noise lately, and Flipkart appears to be performing well with PhonePe, he contends. The analyst has a Perform rating and $105 price target on the shares.

$AAPL- If the U.S.-China trade war gets carried away, Apple's (AAPL) primary manufacturing partner has enough capacity to make all iPhones headed for the U.S. outside of China, Debby Wu of Bloomberg reported, citing a senior executive at Hon Hai Precision (HNHPF). Hon Hai Precision currently makes most of the smartphones in the Chinese mainland, but is ready to support Apple if it needs to adjust production due to bleaker U.S.-China relations. President Donald Trump has threatened China with new tariffs on about $300B worth of goods, which would exact a punishing tax on Apple's most profitable product in its largest international market.

$LLY- JPMorgan analyst Chris Schott is not surprised by the weakness yesterday in shares of Eli Lilly as he believes the Rewind data came in below "fairly high" expectations. However, the analyst ultimately sees the data confirming a cardiovascular benefit for Trulicity and supporting "continued strong Trulicity/GLP-1 uptake." Further, Schott sees the tirzepatide data at the American Diabetes Association conference as continuing to highlight a potentially best in class efficacy profile for the product. Lilly remains the analyst's top pick in his pharma coverage.

$F- Ford chairman Bill Ford said he does not agree with the notion that Ford is losing market share to its peers in self-driving, reports Reuters' Steven Scheer, citing Bill Ford's statements at an auto tech conference in Tel Aviv. "Our self-driving system, Argo, is incredibly competitive. On the technology side, we are right up there with the very best in terms of time of development but we want to take great care before we let people in these vehicles," Scheer quoted Ford.

$FB- MoffettNathanson analyst Michael Nathanson upgraded Facebook to Buy from Neutral with a $210 price target.

$BYND- JPMorgan analyst Ken Goldman downgraded Beyond Meat to Neutral from Overweight while raising his price target for the shares to $121 from $120. The stock at around $168 "requires assumptions we are not yet comfortable with," Goldman tells investors in a research note titled "Beyond Our Price Target." The analyst believes Beyond Meat's risk/reward is now balanced following the recent share rally. Goldman, however, remains "highly favorable" to the total addressable market for alternative meat and Beyond Meat's role within it. Further, he still thinks consensus estimates for both sales and EBITDA are too conservative.
I think this is WAY too high personally 🤷🏼‍♂️

$MCD- UBS analyst Dennis Geiger raised his price target on McDonald's to $203 after reviewing the findings of the UBS Evidence Lab QSR survey of over 2K consumers. The analyst says the respondents' assessment of the sustainability of the company's comps momentum and outlook for traffic suggests "favorable perceptions of the brand" and inclination toward return business, citing the management's efforts on its sales drivers. Geiger further cites his confidence in McDonald's same-store sales sustainability, modeling 4.5% increase in comps in Q2 and 4.2% in 2019, but also believes that the stock price already reflects expectations for "robust SSS", keeping his Neutral rating on the shares.

Hey OP! Today I’m going to scalp AAPL, MSFT, and FB Calls. As you saw yesterday, it’s best to gab gains as they come and get out. 
Will be releasing a new Long Watchlist this week (with actuals) so be ready for that!

Have a great day OP!

OP Wire 6/10

US takes tariffs threat away from Mexico.

China summoned U.S. and global tech giants including Microsoft (MSFT), Dell (DELL) and Samsung (SSNLF), to warn of dire consequences if they cooperate with the Trump administration's ban on sales of American technology to Chinese companies, hinting U.S. companies should lobby against the bans, The New York Times' Katie Conger reports, citing people familiar with the meetings. The meetings, which also included SoftBank's (SFTBF) Arm and SK Hynix, came soon after Beijing's announcement that it was assembling a list of "unreliable" companies and individuals, the people say.

Notable call activity was cited Friday in Bank of America (BAC), Facebook (FB), Microsoft (MSFT), Roku (ROKU), Beyond Meat (BYND), Kraft Heinz (KHC), and Hilton Grand Vacations (HGV).

Notable put activity was cited Friday in Micron (MU), Cloudera (CLDR), Bilibili (BILI), and MasTec (MTZ).

$AVGO- MKM Partners analyst Ruben Roy kept his Buy rating and $310 price target on Broadcom but also lowered his FY19 EPS view by 84c to $22.00 ahead of its Q2 earnings this Thursday, saying the company's underperformance relative to the SOX decline since the May highs reflects its exposure to the soft data center and smartphone markets. The analyst believes that more conservative assumptions for Broadcom's semiconductor business this fiscal year are prudent, even though he remains constructive on the shares as they "continue to trade at a meaningful discount" to both the peer group average as well as the company's 5-year median multiple. Roy further contends that Broadcom's "longer-term growth and profitability prospects" are still solid.

$TSLA- Tesla will host its annual shareholder meeting on June 11 and any update regarding deliveries/demand could be a positive share catalyst, Baird analyst Ben Kallo tells investors in a research note. Based on leaked delivery numbers, the company appears to be on track to meet volume guidance, adds the analyst. He believes the shares will move higher if Tesla achieves its targets. Further, Kallo continues to think concerns over Tesla demand are overblown and he remains a buyer of the stock at current levels. Saying the annual meeting could help further improve sentiment, the analyst reiterates an Outperform rating on Tesla with a $340 price target. The stock closed Friday down $1.45 to $204.50.

$INTC/$QCOM- Companies such as Intel (INTC), Qualcomm (QCOM) and InterDigital (IDCC) have told their employees to stop speaking about technology and technical standards with workers at Huawei in response to the recent U.S. blacklisting, Paresh Dave and Chris Prentice of Reuters reported, citing people familiar with the matter. The U.S. Department of Commerce has not banned discussions between companies and Huawei, but actually authorized contact to develop 5G standards. Some experts in the industry believe the restrictions could slowdown the introduction of 5G.

$SBUX- Piper Jaffray analyst Nicole Miller Regan raised her price target for Starbucks to $82 from $77 saying her key takeaway from the company's keynote last week at her firm's conference is "improving performance momentum exists." However, the current valuation "now overshadows the current compelling aspects of the business," Regan tells investors in a research note. As such, she reiterates a Neutral rating on Starbucks shares.

$MSFT- Microsoft has launched its Xbox Game Pass Ultimate, which includes "Xbox Live Gold and over 100 high-quality games for one low monthly price. Play together with friends and discover your next favorite game. The purchase of Xbox Game Pass Ultimate automatically upgrades your Xbox Live Gold." Microsoft says Game Pass Ultimate costs $14.99 per month.
Microsoft (MSFT) says it will begin publicly testing its new videogame-streaming initiative in October, just ahead of when Google's (GOOG, GOOGL) competing service is slated to launch, The Wall Street Journal's Sarah E. Needleman reports, citing comments made at a press event before the E3 expo. Microsoft says the test will enable people to stream XBox One games to mobile devices. Google said last week that it plans to launch its new game-streaming service called Stadia in November with roughly 30 games

$AAPL- Apple is planning to "acqui-hire" the team behind Drive.ai in an effort to bring more engineers with experience in autonomous vehicle technology to the company, Bloomberg's Mark Gurman reports, citing people familiar with the matter. Apple is planning to pick which Drive.ai staff it wants to keep, and the company will not be using any intellectual property from the startup, according to the people

$AMD- AMD sees a day of heavy trading as shares outperform. The stock up 7.8% to $31.80 on surging volume of 112M shares in the wake of bullish analyst commentary and options volume is on track to reach 750K contracts, with an impressive 416K calls and 229K puts traded in AMD so far. Eight of the ten most actives are expiring-tomorrow contracts: led by 30, 31, and 31.5 calls. Jun 7th 32 calls, 31 puts, and 30 puts also seeing notable interest. But the biggest trades are in the June Quad Witch term, with an investor selling 8K Jun 30 calls at $2.26 to buy 12K Jun 32.5 calls and a likely rolling to OTM from ITM after the big move in shares. The adjustment increases position size and expresses a bullish short-term outlook for AMD, as June calls expire in 15 days.

OP Miami was a great time! Thank you to all that made it! I’ll have the video made & will share with everyone soon. 

Today I’ll be scalping AAPL, AMD, and MSFT Calls from open. Let’s see how far this goes. 

Have a great day OP!

OP Wire 6/5

Yesterday, Fed Chairman Powell promised to do whatever they can in response to any trade-related impact on the economy. Investors interpreted the comment as an openness to rate cuts, a dovish shift from a commitment to “patience” with regard to policy changes. Market obviously loved this response....
Investors will have further input from the Fed on Wednesday. Vice Chairman will open the second day of a Chicago Fed conference, ahead of several appearances from other policymakers.

Notable call activity was cited Tuesday in Facebook (FB), JD.com (JD), Snap Inc. (SNAP), Centene (CNC), Ford (F), Verizon (VZ), General Motors (GM), Salesforce (CRM), Morgan Stanley (MS), and Caesars (CZR)

$MSFT/$ORCL- Microsoft (MSFT) and Oracle (ORCL) announced a cloud interoperability partnership enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud. Enterprises can now seamlessly connect Azure services, like Analytics and AI, to Oracle Cloud services, like Autonomous Database. By enabling customers to run one part of a workload within Azure and another part of the same workload within the Oracle Cloud, the partnership delivers a highly optimized, best-of-both-clouds experience. Taken together, Azure and Oracle Cloud offer customers a one-stop shop for all the cloud services and applications they need to run their entire business.

$SWKS- DA Davidson analyst Thomas Diffely lowered his price target on Skyworks to $95 after the company cut its Q3 earnings guidance in response to having its customer Huawei being placed on the U.S. government's export restriction list. The analyst also lowers his FY19 and FY20 EPS view by 40c and $1 to $6.20 and $6.45 respectively while taking out the Huawei-related revenue from his model through the end of next year. Diffely is keeping his Buy rating on Skyworks longer term.

$AAPL-Apple (AAPL) will ask developers to put its new "sign on with Apple" button in apps above rival buttons from Alphabet's Google (GOOGL) and Facebook (FB), Reuters' Stephen Nellis reports, citing design guidelines released this week.
China has not targeted Apple as a result of the U.S.-China dispute, CEO Tim Cook said in a recent interview, Reuters' Eric Beech reports. "Currently the Chinese have not targeted Apple at all and I don't anticipate that happening, to be honest," Cook commented.

$ROKU- Guggenheim analyst Michael Morris upgraded Roku to Buy from Neutral and raised his price target for the shares to $119 from $75. The stock closed yesterday up $3.89 to $93.60. The analyst sees "strong secular tailwinds" for streaming video consumption and believes the company's Q1 results were representative of the core trajectory for its key metrics. Roku is one of the only pure-play streaming video companies and is "uniquely well positioned" to benefit from the continued audience shift to digital video consumption, Morris tells investors in a research note. The analyst expects continued growth in account and streaming metrics, the closing of the video advertising pricing gap with traditional television, and incremental content distribution revenue recognition to serve as key catalysts for Roku shares. His new price target is based on five-times his 2023 platform segment sales estimate of $2.8B and assigns a $1B valuation to the company's international business. Morris' bull-case scenario, which assumes a higher video advertising growth rate, implies a $130 per share value using the same valuation parameters.
Guggenheim analyst Michael Morris upgraded Roku to Buy from Neutral and raised his price target for the shares to $119 from $75 .

$BIIB- Conference call to review the Company's investigational therapies for the treatment of amyotrophic lateral sclerosis will be held on June 5 at 8 am

$UBER- Raymond James analyst Justin Patterson initiated Uber Technologies with an Outperform rating and $50 price target. In a research note to investors, Patterson says shares have been pressured on reasonable concerns on unit economics, competition, and duration of losses, but believes competition continues to rationalize over the next 12 months, growth re-accelerates, making unit economics more transparent, and this causes concerns about the "true" TAM and long-term profitability to subside. Net, Patterson says he believes Uber is strongly positioned for the "offline" era of Internet and should sustain 25%+ revenue growth over the next five years.

$TEVA- In a regulatory filing, Teva disclosed that its chairman Sol Barer bought 104.5K shares of common stock on June 4th. The total transaction size was $1.0M.

Ride the wave but be careful....
Calls can be played as market is euphoric about the Fed but I would be very careful to hold overnight as one tweet or story can take it down hard.... Mexico tariffs still looming and China issues are still unresolved. 
Have a great day OP!

 

OP Wire 6/4

St. Louis Fed President James Bullard boosted those hopes on Monday who said that unresolved trade disputes and below-target inflation “suggest that the (Fed) needs to tread carefully in order to help sustain the economic expansion” and indicated that a rate cut could be on the way. 

Fed Chairman Powell will have a chance to chime in at 9:45am EST. when he delivers the opening remarks to the “Conference on Monetary Policy Strategy, Tools And Communication Practices” at the Chicago Fed.
Several other Fed members will also have a chance to weigh in at the two-day conference.

Factory orders for April will be released at 10:00 AM ET.

Notable call activity was cited Monday in Advanced Micro (AMD), Facebook (FB), Twitter (TWTR), Uber (UBER), Centene (CNC), CVS Health (CVS), Salesforce (CRM), Marathon Petroleum (MPC), Overstock com (OSTK), and Dish (DISH).

Notable put activity was cited Monday in Tilray (TLRY), Blackstone (BX), Foot Locker (FL), Goodyear Tire (GT), Cummins (CMI), Tailored Brands (TLRD), and Guess (GES). 

$UBER- Morgan Stanley analyst Brian Nowak initiated Uber with an Overweight rating and $56 price target, stating that he thinks the company is still in the early innings in its core ridesharing and Eats businesses as well as in its emerging opportunities of Freight, Autonomous, and "New Mobility." Uber's platform has a long runway to grow users and frequency and with scale comes "a path toward profitability," contends Nowak. While investment spending will pressure EBITDA, Nowak models Uber to approach break-even in 2022, he noted.
Oppenheimer analyst Jason Helfstein started coverage of Uber with an Outperform rating and $55 price target. The analyst notes that Uber has carved out a categorical market leader position in ridesharing and online food delivery. Aside from the company's leading technology, Uber boasts superior network liquidity compared to peers, with more than 93M global monthly active platforms customers, he adds. Further, Helfstein believes ridesharing and online food delivery adoption are still underpenetrated globally, and thinks Uber's technology and network liquidity are better positioned than peers to capture additional market share.
Cowen analyst John Blackledge initiated Uber with an Outperform. The analyst believes the company is well positioned to grow it Ridesharing and Eats units as positive secular trends drive more users and frequency. Blackledge has a $58 price target on Uber shares.

$CVS- Investor’s Day slide- Sees 2022+ adjusted EPS growth in low double digits. Sees operating income of ~$850M in 2022, ~$2.5B long-term. Says on track to deliver savings of ~$900M in 2021 and beyond from integration synergies. Targeting savings of $1.5B-$2B in 2022 and beyond from enterprise modernization. Sees 2020 revenue up low single digits, with tax rate of ~28.5%. Expects to pay down ~$7.5B of debt from close of Aetna transaction to the end of 2019. Says focused on debt reduction in the near-term. Expects $10B-$12B cash available annually for enhancing shareholder value in the long term. Comments taken from Investor Day presentation slides.

$NFLX- Loop Capital analyst Alan Gould last night upgraded Netflix to Buy from Hold and raised his price target for the shares to $425 from $395. The streaming service closed yesterday down $6.65 to $336.63. Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer, Gould tells investors in a research note. The analyst increased his view of 2025 earnings per power from about $28 previously to $32 currently. He now sees Netflix's operating margins increasing 240 basis points per year to 2025. The stock should attract a 25 times price-to-earnings multiple, which implies potential to almost triple the market capitalization over a five- to six-year timeframe, Gould writes.

$AAPL- Cowen analyst Krish Sankar lowered his price target on Apple to $220 from $245 following its WWDC presentation. The analyst came away upbeat that innovation remains strong at the company and that it remains in a transitional period of unifying its 3 major hardware platforms while focused on future Services and Subscription content growth. The analyst also concluded the DOJ's newly announced jurisdiction for possible future probes could be an overhang for the stock. Sankar reiterated his Outperform rating on Apple shares.
Canaccord analyst T. Michael Walkley lowered his price target for Apple to $202 from $245 and maintained a Buy rating. In a research note to investors, Walkley cited ongoing China trade uncertainty, expectations for "muted" iPhone upgrade sales ahead of 5G iPhones expected in September 2020 and his belief that shares will trade at a lower multiple during this period of slower earnings growth. Given ongoing trade tensions between China and the U.S., he thinks Chinese consumers could slow Apple hardware purchases, leading him to lower his 2019 and 2020 iPhone estimates from 180M/190M units to 172M/185M units.

$FB- Facebook says that an EU court opinion calling for it to seek out content deemed illegal by a local court on its platform undermines freedom of speech across borders, Reuters' Alissa de Carbonnel. "This case raises important questions about freedom of expression online," according to an emailed statement, which also adds "We remove content that breaks the law and our priority is always to keep people on Facebook safe. However this opinion undermines the long-standing principle that one country should not have the right to limit free expression in other countries."
Rosenblatt analyst reiterates a Buy rating on Facebook shares with a $242 price target.

$CAT- UBS analyst Steven Fisher lowered his price target on Caterpillar to $115 and kept his Sell rating, noting that his expected earnings decline in 2020 is still "not priced in." The analyst anticipates construction declines in North America and China as well as in the oil & gas industry, partially offset through growth in mining. Fisher adds that the 11% decline in Caterpillar stock only reflects the impact of the trade tensions, with more downside expected on the slide in 2020 earnings. 

Hey OPers! Today we see some AAPL downgrades while UBER and LYFT receive initial outperforms & lofty PTs..... UBER Calls may pay well if shorts are forced to cover. I’ll be taking a stab at this play. 
Will also be watching NFLX and DIS for a swing trade. AAPL will most likely track lower if it gaps up so the put scalp may be a play that pays today. 
Have a great day OP!

OP Wire 6/3

The Institute of Supply Management will release its manufacturing PMI at 10:00 AM ET. Economists expect the gauge to remain in expansion with a slight uptick to 53.0 after April’s reading hit its lowest level since 2016.

Notable call activity was cited Friday in Micron (MU), Centene (CNC), Exxon Mobil (XOM), Mylan (MYL), Marathon Petroleum (MPC), Avaya Holdings (AVYA), Emerson (EMR), KeyCorp (KEY), Barnes & Noble (BKS), and CymaBay (CBAY).

Notable put activity was cited Friday in General Electric (GE), US Steel (X), Caesars (CZR), Bed Bath & Beyond (BBBY), CSX (CSX), Mattel (MAT), Murphy Oil (MUR), Finisar (FNSR), and Genesis Energy (GEL).

$AAPL- Apple will kick off its Worldwide Developers Conference (WWDC) at 1:00 PM ET on stage presentation by the company’s executives today.
Apple will likely ship 5G iPhones in the second half of 2020, and while still early to be talking about the devices, the 5G iPhone's "integration into the investor narrative" around Apple shares has already begun, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst's survey of over 1,000 U.S. iPhone owners shows that nearly 20% are interested in purchasing a 5G iPhone. This is a "surprisingly high amount of interest" given limited 5G marketing to date and the high price point, says Olson. He believes interest in 5G "will only grow from here." While the analyst thinks excitement around this year's iPhones will be limited, he believes that as long as Apple's services revenue continues to perform well, it will "tide many investors over" until anticipation for 5G iPhones intensifies. He maintains an Overweight rating on Apple shares with a $230 price target.

$TEVA- Oppenheimer analyst Esther Rajavelu upgraded Teva Pharmaceutical to Outperform from Perform while lowering her price target for the shares to $12 from $17. The stock closed Friday down 19c to $8.65. The shares, trading at its 19-year low, offer a buying opportunity, Rajavelu tells investors in a research note. The analyst believes Teva's business fundamentals continue to improve and that management's execution on the operational front is generally in line with expectations. She acknowledges, however, that legal uncertainties could remain an overhang the stock. Rajavelu estimates the company's opioid liability exposure at $500M-$700M and believes its price-fixing exposure could be "substantially higher." Teva's balance sheet, assuming the refinancing of certain debt tranches, could sustain $400M in average annual penalties over time, says the analyst. 

$BA- Malaysia Airlines is reviewing its order for 25 Boeing 737 MAX aircraft "very carefully" amid the global grounding and plans for the first delivery in July 2020 could be delayed, Reuters' Jamie Freed reports, citing comments made by CEO Izham Ismail. "I think our introduction to service will slide," he said. "We are having a discussion and conversation with Boeing."
Boeing (BA) said yesterday in a statement that it is working with the Federal Aviation Administration and has contacted 737 operators advising them to inspect the slat track assemblies on certain airplanes. "One batch of slat tracks with specific lot numbers produced by a supplier was found to have a potential nonconformance. If operators find the parts in question, they are to replace them with new ones before returning the airplane to service," Boeing announced. Slat tracks are used to guide the slats located on the leading edge of an airplane's wings. Boeing has not been informed of any in-service issues related to this batch of slat tracks. Boeing is now "staging replacement parts at customer bases to help minimize aircraft downtime while the work is completed. Once the new parts are in hand, the replacement work should take one to two days. Boeing will also issue a safety service bulletin outlining the steps to take during the inspections." Boeing has identified 21 737 NGs most likely to have the parts in question. A separate service bulletin will go to 737 MAX operators to do inspections before the MAX fleet returns to service, added the company. Boeing identified 20 737 MAX airplanes that are most likely to have the parts in question. Operators will be asked to check an additional 159 MAXs to ensure a thorough assessment. Boeing has identified Spirit AeroSystems (SPR) as the supplier of the faulty slat tracks, according to Bloomberg.

$COST- Raymond James analyst Budd Bugatch reaffirmed his Outperform rating and $260 price target on Costco Wholesale following the company's Q3 earnings report, which he called "solid." In a retail note to investors, Bugatch said Costco's strong top-line momentum reinforces his view that the membership club model is arguably the most attractive business model in hardline retail today. Bugatch lowered his FY19 adjusted EPS view to $8.10 from $8.14, while also reducing his FY20 adjusted EPS estimate to $8.60 from $8.64. 

$WM- KeyBanc analyst Sean Eastman raised his price target for Waste Management to $120 from $112 post the 2019 Investor Day on greater confidence that the company's new leadership team is deploying a focused and disciplined growth strategy and that budding technology initiatives are likely to build on the solid operational improvement delivered in recent years. While incremental detail on the ADSW transaction was limited, the analyst has rolled out a combined 2020 estimate that suggests Waste Management continues to look attractive relative to peers. He reiterates an Overweight rating on the shares. I believe this ticker can move higher soon as well. Currently at $109

$CRM- JPMorgan analyst Mark Murphy removed Salesforce from his firm's Analyst Focus List with maintaining an Outperform rating on the shares with a $180 price target. The analyst says software valuations are reaching 15-year highs and points out Salesforce share have risen 121% over the last 2.5 years. Murphy continues to have a positive view of the company. Love this play long 

$JCP- J.C. Penney (JCP) vendors have received letters from financial firms including JPMorgan (JPM), offering to provide credit risk protection for their J.C. Penney receivables, or money the company owes them for their products, the New York Post's Lisa Fickenscher reports, citing the letters. These "receivable put options" are meant as a "hedge" against a "credit event (bankruptcy or liquidity)," and J.C. Penney responded, "Offering credit put options is a standard practice in the industry. It is false and misleading to presume that this market activity is a reflection of an impending bankruptcy."

$MU- Nomura Instinet analyst David Wong lowered his price target for Micron Technology to $32 from $45 while maintaining a Neutral rating on the shares. The analyst believes the global memory industry, and Micron, will grow at a rate similar to the overall semiconductor industry, which he estimates at 7%-9% from 2020 to 2025. In recent weeks, DRAM spot prices have continued to fall, as have NAND TLC spot prices, Wong tells investors in a research note. Further, he believes the U.S. action against Huawei and "various continuing international trade tensions create significant uncertainty" and risk to his earlier hope that there might be some stabilizing in memory through 2019. As a result, Wong lowered his 2020 earnings per share estimate for Micron to $2.47 from $3.30.

Today will be interesting- AAPL has a good shot at making its reversal today but I need to see it take $178 with authority. If it loses $174 then I feel $171 is coming. Will manage my half size position in the June play according to what we see. 

The Swing Trade Course starts this week!
Only have 1 spot remaining so email if you want it or need info. 

OP Miami is this week- gonna be a blast....

Have a great day OP!

 

OP Wire 5/31

President Donald Trump tweeted: "On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied, at which time the Tariffs will be removed. Details from the White House to follow."

Notable put activity was cited Thursday in NIO Inc (NIO), US Steel (X), Williams Sonoma (WSM), Steel Dynamics (STLD), Amicus (FOLD), and New York Community Bancorp (NYCB).

Notable call activity was cited Thursday in Bank of America (BAC), Snap Inc. (SNAP), Centene (CNC), Uber (UBER), Beyond Meat (BYND), Dicks (DKS), Hertz (HTZ), Oasis Petroleum (OAS), Clovis (CLVS), and Ally Financial (ALLY

$MU- To reflect the recent stop-shipment to Huawei along with incremental memory pricing weakness, Deutsche Bank analyst Sidney Ho lowered his 2019 earnings per share estimate for Micron Technology to $3.30 from $4.40 and 2020 estimate to $3.75 from $4.70. While memory suppliers have taken utilization actions in an attempt to bring the memory market back to supply/demand balance, the Huawei ban will likely delay the recovery and potentially lead to near term share shift toward Micron's competitors, Ho tells investors in a research note. The analyst currently anticipates some resolution for the Huawei situation will be reached by the end of 2019. If the issues linger into 2020, estimates for Micron have additional downside risk, adds Ho. However, he believes downside risk is limited in shares of Micron and that the risk/reward is attractive. Ho keeps a Buy rating on the name. 

$FEYE- Wedbush analyst Daniel Ives assumed coverage of FireEye with a Neutral rating and $17 price target. Ives tells investors in a research note that FireEye has made good progress stabilizing its financials amid a market evolution to cloud and advanced threat traction by firewall vendors, but says its margins are still "sub-scale," acceleration into solid double-digit growth remains "elusive," and thinks FireEye's progress appears fairly factored into shares at their current levels.

$UBER- Atlantic Equities analyst James Cordwell upgraded Uber Technologies to Overweight from Neutral while lowering his price target for the shares to $52 from $55. The stock closed yesterday down 14c to $39.80. The ridehailing competitive environment is becoming "increasingly benign" while Uber shares have become more attractively valued, Cordwell tells investors in a research note. The analyst expects a better competitive environment to drive accelerating revenue growth and moderating segment losses across fiscal 2019. Further, a new Uber Eats fee structure should augment the company's food delivery economics while enabling "rapid" bookings growth, Cordwell tells investors in a research note.

$TSLA- Tesla will price its China-produced Model 3 vehicles from Y328,000, or $47,529, 13% less expensive than its imports as it looks to bolster sales in the fast growing market, Reuters' Yilei Sun and Brenda Goh report, citing the company. The automaker has been constructing a factory in China since January and pre-orders for the car begin on Friday.

$KHC- Piper Jaffray analyst Michael Lavery upgraded Kraft Heinz to Neutral from Underweight with an unchanged price target of $31. The analyst, who remains curious on the outlook for Kraft Heinz and its ability to build brand equity in a way that can drive sustainable organic growth, believes the risks appear to be reflected in the stock's current valuation. A new CEO is the right move, but he needs incremental brand spending to rejuvenate the company's "dusty brands," says the analyst.

It just keeps getting better and better for us!
Whether you are a new trader and taking heed to my suggestion of staying out (saving big time from losing positions) or if you are a seasoned trader playing the OP Wire ideas, chat scalps, and systems trades that come with the courses- you are in an increasingly great position as many others are losing big on this drop! Congrats.... stay patient! I see more drop ahead but as soon as something break I’ll be sure to start the normal alerts back up and also release the next Watchlist that everyone is waiting for. 😎
Today I’ll be looking for a pop to scalp Puts in AAPL and SPY. It may take a while to see one but I’ll be looking for a drop into close. 
We have one spot left for Michaels Swing Trade Course- email me if interested!
Have a great day OP!

OP Wire 5/30

Notable call activity was cited Wednesday in Advanced Micro (AMD), Bank of America (BAC), Roku (ROKU), Centene (CNC), Cypress Semiconductor (CY), TJX (TJX), Luckin Coffee (LK), Gulfport Energy (GPOR), YPF (YPF), and Prudential (PRU).

Notable put activity was cited Wednesday in Bed Bath & Beyond (BBBY), Gap (GPS), Dollar Tree (DLTR), Canada Goose (GOOS), DaVita (DVA), and Macerich (MAC).

$FEYE- Baird Equity Research analyst Jonathan Ruykhaver reiterated an Outperform rating on FireEye with a $23 price target. 
Morgan Stanley’s Melissa Franchi maintained an Equal-weight rating and $17 price target.

$UBER- Set to issue its first earnings report as a public company after today’s market close, with investors hoping for some impressive number to boost the stock out of its malaise. Share performance has disappointed since the ride-sharing company went public earlier this month, sitting 11.2% below its $45-a-share IPO price.

$PANW- Deutsche Bank analyst Karl Keirstead lowered his price target for Palo Alto Networks to $275 from $305 saying that while the company reported "strong" fiscal Q3 results, the shortening of invoicing durations introduces uncertainty in fiscal 2020. However, the move makes long-term sense, even if it creates short-term uncertainty, Keirstead tells investors in a research note. He maintains a Buy rating on Palo Alto Networks.

$TSLA- Barclays analyst Brian Johnson lowered his price target for Tesla to $150 from $192 and reiterates an Underweight rating on the shares. The stock closed yesterday up $1.16 to $189.86. The new price target reflects a higher probability of Tesla "stalling as a niche automaker," Johnson tells investors in a research note. Model 3 demand is "stagnating" in the U.S., the company still doesn't have a path to significant auto profitability and solar storage installations have declined sequentially over the past two quarters, says the analyst. Further, Johnson believes Elon Musk's efforts to "spring excitement" around Tesla's full self-driving capabilities was broadly met with the "appropriate skepticism." The analyst expects more investors to focus on Tesla's near-term fundamentals of demand, profitability, and cash generation.

$CSCO-Cisco management to meet with JPMorgan  Meeting to be held in Boston, MA on May 31 hosted by JPMorgan

$BA- "It's important that I continue to lead the company," Boeing Dennis Muilenburg told "CBS Evening News" incoming anchor Norah O'Donnell in an interview following the crashes of Ethiopian Airlines flight 302 in March and a Lion Air flight in Indonesia in October 2018, adding that he never considered resigning. He admitted, however, that Boeing "fell short" in its handling of a cockpit alert system which is meant to tell pilots when two sensors which measure the angle of the aircraft to the ground are at odds. "The implementation of that software, we did not do it correctly," he said, adding that "Our communication on that was not what it should have been." Muilenberg told O'Donnell that he would trust his own family in a 737 MAX jet after testing new software in the wake of the two deadly crashes.

$VZ- UBS analyst John Hodulik downgraded Verizon Communications to Neutral from Buy with an unchanged price target of $59. The stock closed yesterday down 55c to $58.18. With the valuation back in-line with historical levels and more difficult comps ahead, Verizon's risk/reward is more balanced at current share levels, Hodulik tells investors in a research note. The analyst, however, continues to believe the company is well positioned as a defensive investment with low-single-digit core growth and a sustainable yield. He also expects wireless fundamentals to remain "healthy."

$C- Goldman Sachs analyst Richard Ramsden upgraded Citi to Buy from Neutral and raised his price target for the shares to $77 from $71. The stock closed yesterday down 9c to $63.71. Ramsden sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. While there is a risk that Citi may back away from its 13.5%-plus ROTCE target, neither consensus expectations for 2020 or the current valuation discount achieving the target, Ramsden tells investors in a research note. The analyst believes the market is "overly pessimistic" on Citi's revenue growth inflection, targeted expense savings, and outlook for credit costs. As a result, he sees 21% upside potential from current share levels.

Hey OP.... the China Trade rhetoric continues so I will continue to scalp puts on the pops. Yesterday was a great play on this plan and I’ll continue to do it as long as things are unstable. December’s low of $142 can be reached if things really breakdown so keep that gap in mind. AAPL bought back around $165-$170 area and Buffett said he would buy more at $170 so I expect if it got close to that area it would bounce a good $5 before coming back on pressure.
Patience will Pay us like it always does. Meantime, take advantage of the scalps & courses! 
Michaels Swing Trade Course has 2 spots left- starts next week. 
Have a great day OP!

OP Wire 5/29

China’s state-run media suggested that the country could limit its exports to the U.S. of rare earths, used in everything from high-tech consumer electronics to military equipment, in a move to exert pressure on Washington.

China's Huawei Technologies Co Ltd filed a motion for summary judgment in its lawsuit against the U.S. government, in the telecoms equipment maker's latest bid to fight sanctions from Washington that threaten to push it out of global markets.
The motion comes amid an escalating trade dispute between the world's two biggest economies, exacerbated by separate accusations of bank fraud and corporate theft that the U.S. made against Huawei and its chief financial officer.

Notable call activity was cited Tuesday in Bank of America (BAC), General Electric (GE), Square (SQ), Roku (ROKU), Coty (COTY), Snap Inc. (SNAP), CVS Health (CVS), Twilio (TWLO), PayPal (PYPL), and Kraft Heinz (KHC).

Notable put activity was cited Tuesday in Micron (MU), Kohl's (KSS), Gap (GPS), Yandex (YNDX), Dell Technologies (DELL), Spark Therapeutics (ONCE), DocuSign (DOCU), Helmerich & Payne (HP), and Cubic (CUB).

$BA- The International Air Transport Association (IATA) suggested that the Boeing 737 MAX may not be cleared until at least August. “We do not expect something before 10 to 12 weeks in re-entry into service,” IATA Director General Alexandre de Juniac told reporters in Seoul. “But it is not our hands. That is in the hands of regulators.”

No major U.S. macro data scheduled for Wednesday (today)

$WDAY- Deutsche Bank analyst Karl Keirstead raised his price target for Workday to $200 from $190 saying the company last night reported "another solid print." The follow-through on the stock will likely be dictated by how investors view Workday's comment that more pending new deals are now skewing to its January 2020 quarter, Keirstead tells investors in a post-earnings research note. He keeps a Hold rating on Workday. Morgan Stanley analyst Keith Weiss maintained an Overweight rating and $219 price target on Workday following the company's quarterly results, saying its key demand metrics, including billings, 24-month bookings and subscription revenue all outperformed consensus expectations, suggesting that the momentum seen in 2H19 is carrying forward into FY20. While the $219 price target suggests somewhat limited upside to the current trading price, Weiss says he continues to view Workday as secularly well-positioned asset and a core long term holding given its status as one of the "Three Horseman of SaaS." Canaccord analyst Richard Davis raised his price target on Workday to $235 from $220 following solid Q1 results. The analyst said its backlog subscription metric suggests near-term growth should sustain near 30%. He also said the qualitative commentary on the earnings call was encouraging as HCM continues to see healthy momentum as well as several enterprise Planning wins. Davis reiterated his Buy rating on Workday shares.

$AMZN/TSLA- New York University Professor Scott Galloway, who predicted that Amazon (AMZN) would acquire Whole Foods, is now predicting a tech buyout of Tesla (TSLA), Business Insider's Graham Rapier reports, citing a Recode podcast. "I think investors are finally getting fed up. My prediction is within 12 months Tesla is sub $100 per share and it probably gets acquired because there's real value there...Even if it goes from $35B to $17B ... there's maybe a couple companies that could buy it: Maybe Toyota (TM), maybe Daimler Benz (DDAIF), but that's a bet the ranch kind of bet," he said. "The guys that could acquire it, that have the balance sheet, are the tech companies but they don't want to go into a low-margin business. So would Google (GOOG, GOOGL) start to see the car as a platform for more advertising maybe?"

$NIO- As previously reported, BofA/Merrill downgraded NIO Inc. (NIO) to Underperform from Neutral and cut its price target to $3 from $6.20. Analyst Ming Hsun Lee expects weak orders for the ES8 and ES6 due to EV purchase subsidy cuts, less cash flow from reduced car sales, increased competition from Tesla's (TSLA) Model 3 in 2020, and views valuation as "rich." Lee lowered his volume sales forecast for 2019 by 20% to 27k units and 2020 by 45% to 40k units.

Hey OP! Today will continue to scalp AAPL and AMD Puts as I did yesterday in chat.
Also in NUGT Calls as I see it continue to melt up from yesterday’s low. 
Not holding anything overnight unless the market is really hurting. Have a great day OP!

 

OP Wire 5/28

$AAPL- Citi analyst Jim Suva lowered his price target for Apple to $205 from $220 while maintaining a Buy rating on the shares. The analyst "proactively" cut his iPhone unit sale estimates as he believes the U.S./China trade situation will result in a slowdown of iPhone demand in China as China residents shift their purchasing preference to Chinese brands. Suva's independent due diligence "now shows a less favorable brand image for iPhone." Apple has 12% unit share in China and these unit shipments could be cut in half, the analyst tells investors in a research note. Nonetheless, Suva finds Apple shares attractive despite "materially" lowering his estimates.

Huawei CEO Ren Zhengfei says he would oppose Chinese retaliation against Apple as a response to the U.S. blacklisting his company, telling Bloomberg in an interview that "Apple is my teacher, it's in the lead. As a student, why go against my teacher? Never." Ren also added that " will not happen, first of all. And second of all, if that happens, I'll be the first to protest."

$BYND- Credit Suisse analyst Robert Moskow started coverage of Beyond Meat with a Neutral rating and a $70 price target. The analyst has "strong conviction" that Beyond Meat will maintain leadership of plant-based meat as it carves into the U.S. meat industry. However, he thinks the stock's valuation factors in a best-case for growth over the next six years without taking into account typical near-term execution risk for early-stage start-up companies.
JPMorgan analyst Ken Goldman initiated coverage of Beyond Meat with an Overweight rating and $97 price target. Beyond's growth opportunity is "extraordinary," Goldman tells investors in a research note. The analyst models a total addressable market for plant-based meat in 15 years of $100B, or up to 100 times larger than today's. Beyond's sales ultimately could exceed $5B versus $88M last year, says Goldman. He believes the company only needs to capture a fraction of the market to be successful.

$FL-Deutsche Bank analyst Paul Trussell lowered his price target for Foot Locker to $68 from $82 saying the company's Q1 earnings disappointed while its Q2 guidance came in below expectations. However, following Friday's selloff, the stock's discount relative to peers is "too steep," Trussell tells investors in a research note. He keeps a Buy rating on Foot Locker.

$ROKU- As previously reported, Stephens analyst Kyle Evans downgraded Roku to Equal Weight from Overweight, stating that though he remains "very positive" on Roku over the long-term, he believes the stock's recently increased valuation combined with raised expectations creates increased near-term risk. Despite the "tactical downgrade," Evans added that "everything" he is tracking on the fundamental side continues to look strong and he keeps an $84 price target on Roku shares.

Oppenheimer analyst Colin Rusch notes that Tesla shares have plummeted on concerns such as increased focus on autonomy, China/U.S. trade tensions and price declines for Models S and X suggesting larger demand issues. The analyst remains underwhelmed by competitive vehicles but believes Tesla is testing potential saturation at current volumes. Further, Rusch believes shares are "oversold" but that Tesla will need to show strong sell-through in all key markets while improving gross margin for shares to recover. He reiterates an Outperform rating and $437 price target on the shares. 

$ATVI- Goldman Sachs analyst Michael Ng upgraded Activision Blizzard to Buy from Neutral and added the shares to his firm's Americas Conviction List. The analyst also raised his price target for the shares to $54 from $50. The recent release of new content to improve engagement for core titles, the upcoming release of Diablo Immortal and Call of Duty Mobile, and the potential for new content from "several undermonetized" Blizzard franchises in 2020 and beyond represent a potential inflection in Activision Blizzard's earnings trajectory, Ng tells investors in a research note. With the stock down 13% since the beginning of May, the shares at current levels offer an attractive entry point, adds the analyst.

$GE- General Electric expects to eliminate about 1,000 positions in France in a move that could put the company at odds with the French government, Reuters' Gilbert Reilhac reports, citing a trade union source. The majority of job cuts would take place at the company's Belfort Site and the move comes after French Finance Minister Bruno Le Maire urged GE not to shutter any sites in France.

$MYLN- UBS analyst Navin Jacob lowered his price target on Mylan to $23 and kept his Neutral rating, saying the recent allegations of price fixing create "some leverage concerns". The analyst says he is troubled by the uncertainty and the scope of the path of litigation over the longer term, while noting that in the near term, Q1 results left "unanswered questions" about the company's execution issues. Jacob's new price target reflects his reduced forward earnings multiple assumption of 6.0-times, down from 7.5-times in his prior view.

Hey OP... Patience continues to pay... still not ready to get into a swing trade (alert play) or update the watchlists... market still needs to consolidate here while the geopolitical nonsense continues. In time, it will become less of a factor and things will continue to be tradable again without the unnecessary risk. 
The incremental scalps are paying nice meantime but if you can’t do that then enjoy the risk off- those that are forcing trades are not happy so don’t be like them. Enjoy the day. 

OP Wire 5/24

China can maintain healthy, sustainable economic growth even as it suffers some impact from trade friction with the United States, a senior official from China's state planner was quoted as saying on Friday.

"China's healthy, steady and sustainable growth can be maintained in the medium- and long-term," Ning Jizhe, vice chairman of the National Development and Reform Commission, told state television in an interview.

Notable put activity was cited Thursday in General Electric (GE), Teva (TEVA), Charles Schwab (SCHW), CONSOL (CNX), and Washington Prime (WPG).

$FB- Facebook is preparing to launch its own cryptocurrency, internally referred to as GlobalCoin, in roughly a dozen countries by 1Q20, BBC News' Szu Ping Chan reports, citing sources. The company, which has spoken to Bank of England governor Mark Carney as well as U.S. treasury officials, wants to begin testing the virtual currency by the end of this year and is expected to outline more specific plans in the summer.

$ZM- Oppenheimer analyst Ittai Kidron initiated Zoom Video with a Perform rating, saying that while he sees upside, he thinks it is fairly valued at its current price, which is up 150% since its IPO, and would look for a better entry point.

$CRM- Cowen analyst J. Derrick Wood said his checks point to a mixed Q1, but stronger Q2 pipeline outlook, for Salesforce, which is scheduled to report results on June 4. Investor questions around contract structure changes, sales incentive programs, the Salesforce.org acquisition, and margin uncertainty have all placed a recent overhang on Salesforce and expectations are low heading into the report, said Wood, who thinks these issues can be cleared up and ultimately position the stock for a rebound. He maintains an Outperform rating on Salesforce shares.

$LOW- SunTrust analyst Keith Hughes lowered his price target on Lowe's to $120, saying that while the company's Q1 comps were better than expected, lower margins from "insufficient pricing visibility" made the earnings miss worse in highlighting the "disorganization" in the management's turnaround efforts. The analyst keeps his Buy rating on Lowe's, but acknowledges that the recovery will not be a "quick story", even though he is positive on the re-set of expectations and maintains that the 10% projected earnings growth this year still tops Home Depot's (HD) expected flat growth.

$ERIC- Credit Suisse analyst Achal Sultania upgraded Ericsson to Outperform from Neutral, saying a detailed CapEx analysis at leading telcos globally suggests that 5G will prove to be a longer and better upgrade cycle. In a research note to investors, Sultania says that this, combined with Ericsson's "solid" Radio positioning and FX tailwinds, leads him to believe that Ericsson can materially exceed its targets and consensus for 2020.
I like this play long too!

$AAPL- Wedbush analyst Daniel Ives told investors in a research note that for a company that employs over 1M Chinese workers with its flagship Foxconn (HNHPF) factory and is a major player within the China technology ecosystem, from a supply chain perspective, Apple (AAPL) should not have "major roadblocks" despite the "noise" from the U.S.-China trade battle. Ultimately, Ives says he believes the likelihood is low that Apple and its iPhones feel the burden of the tariffs given its strategic importance domestically as well as CEO Tim Cook's ability to navigate these issues in the past with U.S. President Trump. The analyst maintains an Outperform rating and $235 price target on Apple shares.

$BBY- Oppenheimer analyst Brian Nagel reiterated an Outperform rating and $86 price target on Best Buy following the company's "solid" first quarter results and updated fiscal 2019 guidance, saying he would be a buyer of the pullback in shares. In a research note to investors, Nagel says he is encouraged by prospects for continued solid sales and gross margin expansion, and the potential for continued upside to EPS, driven in part by ongoing, aggressive cash flow and buybacks.

$BA- Daniel Elwell, acting head of the Federal Aviation Administration, said an eight-hour meeting with global air regulators to talk about the grounded Boeing 737 MAX was "exceedingly positive" and "constructive", Reuters' David Shepardson reports, citing Elwell. He reiterated that the FAA will not approve the aircraft to fly until it has completed a safety analysis, which has no set timetable, and there has been no decision yet regarding pilot training on the system which was implicated in two fatal crashes.

$INTU- UBS analyst Jennifer Swanson Lowe raised her price target on Intuit to $260 and kept her Neutral rating after its Q3 earnings beat and raised FY19 outlook. The analyst says the "success" of the company's Small Business performance drove the better than expected results in the quarter.

$BABA- Stifel analyst Scott Devitt added Alibaba Group Holding (BABA) to his firm's Select List while keeping a Buy rating on the shares with a $220 price target. The 12% pullback in the stock since the company's Q4 results, due to trade war concerns, an Altaba (AABA) selling event, and concern over near-term investment in growth initiatives, has created an opportunity to own shares with a long-term investment horizon, Devitt tells investors in a research note. The stock now trades at 13 times estimated fiscal 2021 EBITDA, and is "even cheaper" on earnings from Alibaba's core marketplace-based businesses, says the analyst. Devitt sees 40% upside from current share levels.

$AVGO- Piper Jaffray analyst Harsh Kumar believes Broadcom will likely have to lower its full-year guidance due to the recent ban on shipments to Huawei. The analyst estimates the impact to be roughly $150M on a quarterly basis, with the earnings impact being partially offset by CA cost cuts and share repurchases. As a result, Kumar reduced his estimates ahead of the quarter to remove the expected impact of Huawei. Despite the estimate reduction, however, he believes 5G represents a "sizeable" growth driver in fiscal 2020 for Broadcom. He lowered his price target for the shares to $305 from $310 and reiterates an Overweight rating on the name. 

Hey OP! So, there are some very good deals out there if you think Trade will be dealt with appropriately by Jan. With that said, I do like the idea of starting a few long positions in the tickers I feel confident in for 2020.
AAPL is my pick for that as they will roll out 5G in 2020! That event will be the ultimate catalyst for increasing units and subsequently additional service revs. Add in the buybacks, health services, payment component, and other surprises, it should pay well!

Starting a Jun 2020 position is attractive here with the expectation that it may need to be managed. 
Stay safe out there today folks!

OP Wire 5/23

$BBY to report today (see below)- $FL tomorrow 

Notable call activity was cited Wednesday in Qualcomm (QCOM), Twitter (TWTR), Snap Inc. (SNAP), Freeport McMoRan (FCX), PayPal (PYPL), Vale (VALE), WPX Energy (WPX), MercadoLibre (MELI), CONSOL (CNX), and At Home Group (HOME).

Notable put activity was cited Wednesday in Tesla (TSLA), Starbucks (SBUX), CenturyLink (CTL), Urban Outfitters (URBN), Oasis Petroleum (OAS), NetApp (NTAP), and SQM (SQM).

Fed Minutes at the start of the month indicated that the Fed is still some way from a shift towards cutting interest rates, despite a rally in short-dated bonds this month that seems to assume it will.
At the meeting, which predated the sharp escalation of the U.S.-China trade conflict later in May, policy-makers indicated that they were comfortable with the current level of rates and expected the string of weak inflation readings at the start of the year to be temporary.

$BA- Boeing’s 737 MAX aircraft may be idled for much longer than many of the airlines that use them have reckoned.
Daniel Elwell, acting head of the Federal Aviation Authority, said that Boeing had not yet submitted a fix for the software problem that is suspected of causing two fatal crashes, and added that the FAA hasn’t yet decided whether to order fresh training for pilots when the fix is ready, a potentially time-consuming drill.
The FAA is due to meet with 30 other international air regulators Thursday. The European Aviation Safety Agency has already indicated it won’t let the 737 MAX fly again before it has independently checked the remedial measures. Still need to wait before we buy long calls here.

$ROKU- DA Davidson analyst Tom Forte raised his price target on Roku to $110 and kept his Buy rating after the company launched Activation Insights analytics and tools for advertisers, which he believes can assist them in overt-the-top video advertising. Th analyst notes that Roku has a "big opportunity" to benefit from the $70B TV advertising spending as it transitions away from linear television and sees the new tool as a "catalyst for Roku's sales", also raising his FY20 revenue projection to $1.41B from $1.36B.

$AAPL- Bernstein analyst A.M. Sacconaghi, Jr. notes that besides iPhone replacement cycles, he considers the second biggest controversy around Apple's stock to be the long-term sustainability of growth in Services. Given that Apple's installed base should be relatively flat going forward, Services growth will likely depend entirely on additional ARPU expansion, whether through new offerings or increased monetization of existing businesses, he contends. His simple illustrative forecast suggests that Apple's existing Services businesses are likely to decelerate to perhaps less than 10% growth within 3-4 years. Therefore, for Services to buoy the rest of the company, it remains imperative for Apple to successfully ramp new Services, Sacconaghi adds.
A growing number of people in China are switching from Apple smartphones to Huawei devices amid rising trade tensions between the U.S. and China, South China Morning Post's Sarah Dai, Meng Jing and Zen Soo report, citing sources. While the U.S. export ban on Huawei threatens the company in the short term, ongoing nationalist sentiment in China could play to Huawei's favor and impede Apple's sales in the country, according to analysts. 

$QCOM- Canaccord analyst T. Michael Walkley lowered his price target for Qualcomm (QCOM) to $90 from $105, saying the recent court decision ruling in favor of the FTC that Qualcomm was in violation of antitrust law with respect to its lawsuit filed in 2017 creates uncertainty for the long-term QTL business.
Goldman Sachs analyst Rod Hall started Qualcomm with a Neutral rating and $73 price target. The analyst says that while his analysis implies "material upside" to future earnings if a resolution to the existing Huawei royalty dispute were to occur, he's on the sidelines as the "material" trade and Federal Trade Commission overhangs could persist for some time Uncertainty around Qualcomm's future royalty business is likely to keep the stock trading in a lower multiple range, Hall tells investors in a research note.

$BBY- Best Buy up 2.4% after reporting better than expected Q1 results
Q1 was a strong quarter and a good start to the year," said Hubert Joly, Best Buy chairman and CEO. "We reported comparable sales growth at the high end of our guidance and delivered better-than-expected profitability. In addition to these strong financial results, we continued to make significant progress implementing our Best Buy 2020 strategy to enrich lives through technology and further develop our competitive differentiation." Joly continued, "As you know, we made an exciting announcement last month. On June 11, 2019, Corie Barry will become the fifth CEO in Best Buy's 53-year history. At that time, I will transition to the newly created role of executive chairman of the board. I am very proud of the seamless transition we have decided to implement, as it reflects positively on our momentum as well as our focus on executive development and succession planning." Best Buy's CFO and Strategic Transformation Officer Corie Barry commented, "I am deeply grateful to Hubert and the rest of the board of directors for their confidence in me and their clear belief that this leadership evolution is in the best interests of Best Buy and all its stakeholders. As I think about my new role, I could not be more fortunate to have Mike Mohan at my side as our new president and COO. Our strategy is the right one and is resonating with customers. I am so excited to work with the entire leadership team in this next chapter as we continue to implement the strategy that we helped build together." Barry continued, "We are pleased with our Q1 performance. As we look to the full year, we are reiterating the guidance we provided at the beginning of the year. This outlook balances our better-than-expected Q1 earnings, the fact that it is early in the year and our best estimate of the impact associated with the recent increase in tariffs on goods imported from China. Specifically, I am referring to the increase in tariffs from 10% to 25% on the products on the $200B List 3 that originally went into effect last September."

$TGT- JPMorgan analyst Christopher Horvers upgraded Target (TGT) to Overweight from Neutral and raised his price target for the shares to $100 from $81. The analyst believes the shares are undervalued and he sees potential upside to consensus estimates. Target should get re-valued "towards the best-in-class, Amazon (AMZN) -safe bucket" of retail, given its strong comps, expanding operating income after three years of declines, and its high-single-digit earnings growth algorithm, Horvers tells investors in a research note. The analyst believes Target shares in 2019 will experience move similar to Walmart's (WMT) shares in 2017.

Hey OP!
So, we kinda already know that the next opportunity for Trade talks in person (unless a tweet says otherwise) will be at the G20 (end of June) so I expect more of the same here.
It’s been GREAT sitting out of alert plays- keep those funds ready for any unrealistic opportunities ahead. Meanwhile, I see many of you are taking my advice and enjoying courses while this trade situation festers-well done!
If anyone wants more info or suggestions for courses please email me and I’ll be glad to help. 
I still like scalping and will look to buy TGT today again on dip. 
Have a great day OP!

 

OP Wire 5/22

 

Nearly half of U.S. companies operating in China have already been hit with retaliatory measures since the U.S. increased and widened tariffs on Chinese imports. Around 40% of the companies surveyed said they are considering relocation of their facilities. Things are just starting to get interesting.

 

Notable call activity was cited Tuesday in Qualcomm (QCOM), Ford (F), Baidu (BIDU), Aurora Cannabis (ACB), Wal-Mart (WMT), Transocean (RIG), PG&E (PCG), Nokia (NOK), Lowe's (LOW), and Avaya Holdings (AVYA)

 

Notable put activity was cited Tuesday in Micron (MU), Oracle (ORCL), Avon Products (AVP), Kroger (KR), Mallinckrodt (MNK), Chemours (CC), and GEO Group (GEO)

 

$QCOM- Qualcomm shares are set to come under further pressure on Wednesday after a federal judge ruled that it illegally suppressed by charging unreasonably high royalties and squeezing out rivals.

 

$SQ- Square is beginning to work with some CBD merchants in an invite-only beta pilot, a major policy shift for the payment processor after it previously banned CBD sales from its network.

 

$QRVO- JPMorgan analyst Bill Peterson lowered his price target for Qorvo to $85 from $90 but keeps an Overweight rating on the shares after the company cut its outlook to reflect the U.S. Department of Commerce ban of shipping components to Huawei. Despite the negative impact of the Huawei ban, Peterson continues to expect Qorvo to outperform over the next few years on "content gains" in mobile. Despite volatility in the market and the potential for additional headline risk, Qorvo's risk/reward profile remains favorable over the midterm, Peterson tells investors in a research note. He continues to expect "meaningful upside" for the shares.

 

$TGT- Baird analyst Peter Benedict reiterated an Outperform rating, Fresh Pick designation and $90 price target on Target following the company's "high quality" Q1 beat, as stronger comps and firmer gross margin drove roughly 6% EBIT and about 7% EPS upside. Benedict tells investors in a research note that Target's results reinforce his view that Target's relevance with consumers is rising and efforts to restore positive operating profit growth are gaining traction. With shares at about 12x EPS, prospects for meaningful multiple expansion remain good, he adds.

 

$TSLA- Citi analyst Itay Michaeli lowered his price target for Tesla to $191 from $238 and maintains a Sell rating on the shares. The stock closed yesterday down 28c to $205.08. Tesla's risk/reward "still appears negatively skewed" despite the recent capital raise and stock pullback, mainly on lingering demand and free cash flow concerns, Michaeli tells investors in a research note. The analyst reduced his reduced estimates for Tesla through 2021 to reflect the recent capital raise and the company's Q1 results.

 

$ERIC- As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Ericsson to Buy from Neutral, citing its 5G leadership and potential for longer-term share gains as well as the U.S. pressures on Huawei, which he thinks may add to Ericsson share gains. Additionally, the T-Mobile (TMUS) and Sprint (S) merger, if approved, may help accelerate the 5G timeline, Liani tells investors. The analyst, who added that he had a bullish visit to Ericsson's headquarters last Friday, raised his price target on the ADRs to $11.40 from $10.40.

Ericsson upgraded to Buy from Neutral at BofA/Merrill.

 

Read more at: 

https://thefly.com/landingPageNews.php?id=2912424

 

$ATVI- Stephens analyst Jeff Cohen downgraded Activision Blizzard to Equal Weight from Overweight and lowered his price target for the shares to $52 from $57. The video game maker closed yesterday down 16c to $43.45. Recent reporting from Kotaku about issues in the Call of Duty pipeline have begun to make bull case for Activision shares "look like less of a certainty," Cohen tells investors in a research note. According to Kotaku, Call of Duty 2020 is in trouble and development is now being led by Treyarch. This breaks the three developer rotation that Activision has maintained since 2011 and gives Treyarch only around two years to develop Black Ops 5, which could impact the game's quality, says Cohen. As such, the analyst sees more risk to his 2020 upside case for the Activision Blizzard shares and does not anticipate having any additional visibility into Blizzard's pipeline until BlizzCon in November. 

 

I do like ERIC as a long 5G play- for those thinking about taking that type of play.

 

Hey OP! So, as you have seen, I’ve been laying low on the alert play front as the market keeps showing me high uncertainty with IV. Those that are sitting out are happy as clams here - this shall pass but for now, we wait. 

I have my watchlists ready for the appropriate time. We will crush it when we start again. 

Those that have taken our courses during this down time are enjoying the scalps. Message me if interested in seeing what we have to offer while you are staying patient. 

Chat has been on fire so keep it up guys!

 

Have a great day OP!

OP Wire 5/21

$TSLA- Morgan Stanley analyst Adam Jonas called Tesla "arguably the most strategically important" auto maker, but also one that has "among the widest ranges of outcomes and uncertainty." He estimates that Tesla will end Q2 with total debt of $13.3B and noted that its 2025 bonds have set new lows following the company's recent capital raise. Given the company's increased debt, exposure to China and potential for negative news flow that can hurt its fundamentals, Jonas lowered his "bear case" valuation for Tesla to $10 from $97, driven primarily by his concerns around Chinese demand for Tesla products. However, he keeps a $230 price target for Tesla shares under his "base case" scenario and maintains an Equal Weight rating on the stock.

$BA- Boeing was formally asked for compensation by China Eastern Airlines for the grounding of the carrier's 14 737 Max jets, Reuters' Stella Qiu and Brenda Goh report. China Eastern has also delayed delivery of future Boeing orders, according to the report. The state-run People's Daily newspaper reported that "The grounding of 737 MAX aircraft since March 11, 2019 has caused relatively big losses to China Eastern. With the passing of time, related losses will further expand. At the same time, delayed deliveries of planes ordered by China Eastern also caused economic losses.

$WFC- Deutsche Bank analyst Matt O'Connor lowered his price target for Wells Fargo to $46 from $48 saying he still sees 15%-20% downside risk to consensus earnings estimates. When factoring in "a lot of regulatory and other unknowns currently," the analyst believes fair value for Wells Fargo shares is $41-$46. He finds the stock fully valued and keeps a Hold rating on the name.

$QCOM- Canaccord analyst T. Michael Walkley maintained a Buy rating and $105 price target on Qualcomm after the Commerce Department added Huawei and its affiliates to its "Entity List" prohibiting U.S.-origin technology to be supplied to Huawei without a license. In a research note to investors, Walkley says he believesHuawei represents a minor customer for Qualcomm's QCT unit, and thinks Huawei losing share in the handset market is a net positive for Qualcomm as that share loss is likely to handset OEMs that are paying full device royalties to Qualcomm. Despite the near-term uncertainty from the Huawei ban to the wireless infrastructure and handset markets, the analyst says he believes Qualcomm remains an attractive investment opportunity and thinks the sell off is overdone.

$SWKS- Cannacord analyst T. Michael Walkley lowered his price target for Skyworks to $90 from $99 but maintained a Buy rating after the Commerce Department added Huawei and its affiliates to its "Entity List" prohibiting U.S.-origin technology to be supplied to Huawei without a license. Walkley lowered his estimates for Skyworks to account for the potential extended disruption, reducing both his Broad market and handset related estimates with Q3 and FY19 revenue declining from $825M to $788M and adjusted EPS from $1.50 to $1.40, reflecting the inability to ship to Huawei. While the analyst said this ban could potentially resolve as part of a broader trade deal in weeks to even months, he reduced his calendar 2019 and calendar 2020 estimates given the uncertainty and sharp decline in Skyworks' share price.

$UBER- Susquehanna initiated Uber with a Neutral and $42 price target.

$HD- Home Depot reaffirmed its guidance for FY19, a 52-week year compared to fiscal 2018, a 53-week year. The company expects its FY19 sales to grow by approximately 3.3% and comp sales for the comparable 52-week period to be up approximately 5%. The company also reaffirmed its diluted earnings-per-share growth guidance for the year and expects diluted earnings-per-share growth of approximately 3.1% from FY18 to $10.03.

$EA- Ahead of the annual E3 video game conference, Baird analyst Colin Sebastian added shares of Electronic Arts as a near-term "Fresh Pick." Investors at E3 will have an opportunity to meet management teams and preview 2019 titles ahead of second half of 2019 launches, Sebastian tells investors in a research note. He believes sentiment for Electronic Arts has the highest likelihood of improvement coming out of the conference. The analyst expects Star Wars Jedi to preview well and keeps an Outperform rating on the shares with a $114 price target. 

Looks like a good day to sell the gap up and wait for your favorite tickers to dip again for quick scalps....
NVDA investors day tomorrow so I expect this gap up to hold and melt higher tomorrow. 
Other than that, I believe patience will pay best while we wait to see China reaction. 

Have a great day OP!

OP Wire 5/20

$LYFT-Lyft has been sued by a group of investors over its initial public offering, Reuters reported on Friday. The suit said Lyft misled investors about its market position and labor matters, and that the company's "false and misleading" statements inflated the company's share price. The stock has lost 25% since going public, the report notes

$AAPL- HSBC analyst Erwan Rambourg lowered his price target for Apple to $174 from $180 while maintaining a Reduce rating on the shares. Apple closed Friday down $1.08 to $189.00. China "remains an issue and we don't see it going away anytime soon," Rambourg tells investors in a research note. Further, company communication around the Services unit "cannot compensate for the reality of a shrinking core iPhone product," adds the analyst. Rambourg cites renewed China growth risk and tariffs for his decreased price target.
Bernstein analyst A.M. Sacconaghi Jr. believes Apple's iPhone margins are likely to continue to decline, perhaps at 100bps-plus per year for the next several years, as iPhone ASPs and gross margins remain "dramatically" higher than competitors. On the flip side, while Service margins have improved significantly, the analyst suspects that new services offerings could have lower margins.

$CARG-Cowen analyst Thomas Champion initiated CarGurus with a Market Perform rating and $42 price target, stating that while his recent car-buyer survey suggests strong usage and utility, the stock's elevated multiple leaves little room for upside.

$CVNA- Cowen analyst Thomas Champion initiated Carvana with an Outperform rating and $81 price target, telling investors that his recent auto-buyer survey points towards the company gaining share in the online used car retail market. He notes that the company has high customer satisfaction and repeat purchase intent while also highlighting Carvana's improving unit economics.

$MU- Deutsche Bank analyst Sidney Ho lowered his price target for Micron Technology to $45 from $48 after hosting a week of investor meetings with management. While there are some signs that support a second half of the year demand recovery, driven primarily by the end of inventory depletion, there are also uncertainties in terms of the macro environment, especially as it relates to the U.S.-China trade tension, Ho tells investors in a research note. He keeps a Buy rating on Micron despite the reduced price target.

$TSLA- Wedbush analyst Daniel Ives lowered his price target on Tesla shares to $230 from $275 citing his reduced confidence in the company's ability to hit its 2019 unit guidance given what he calls "major concerns" around the underlying demand for the Model 3 in the U.S. Mixed signals about Model 3 demand "are becoming incrementally more challenging," said the analyst, who believes that the company should be focused on shoring up demand for the Model 3 rather than expanding into insurance, robotaxis, and "other sci-fi projects/endeavors." Ives, who calls the electric carmaker's second half of the year profitability targets "a Kilimanjaro-like uphill climb," keeps a Neutral rating on Tesla shares, which are down $8.11, or about 4%, to $202.92 in pre-market trading.

$AAL- American Airlines downgraded to Underweight from Equal Weight at Morgan Stanley  

$MSFT- UBS analyst Jennifer Lowe kept her Buy rating and $150 price target on Microsoft after meeting with its Investor Relations executives last week, saying the discussions affirmed her view that adoption of the company's Azure is going well. The analyst expects Microsoft's margins to "work higher", adding that she is also positive on the company's growth prospects around Office 365 and cloud gaming. Lowe expects Microsoft to hold its current enterpise value to free cash flow multiple amid underlying growth in spite of the company investing more in its growth initiatives.

$UAL- United Continental upgraded to Overweight from Equal Weight at Morgan Stanley

$TGT- Target upgraded to Equal Weight from Underweight at Morgan Stanley

$BA- Boeing has made corrections to simulator software that mimics the flying experience of its 737 Max jets and has provided additional information to device operators, according to Reuters, citing a spokesman.

Another red open ahead- with all the geopolitical issues we are seeing, the smart play has been and will continue to be to sit and wait (unless able to scalp Puts here and there). Staying cash and not losing money is almost as good as stacking gains in times like these so pat yourself on the back of you have been staying out and been patient here as I have.... some great entries ahead!

TGT is looking good for a potential play and NVDA is one I will look to play as their investors day is this Wednesday. 

Have a great day OP!

OP Wire 5/17

$NVDA- Oppenheimer analyst Rick Schafer reiterated an Outperform rating and $190 price target on Nvidia following the company's Q1 results which beat expectations. In a research note to investors, Schafer says he expects Street numbers to move higher, though he thinks investor enthusiasm is likely to be tempered by management's decision to pull its full-year revenue outlook. Well positioned in multiple growth vectors, Schafer says Nvidia is his top large-cap growth/gross margin story.
JPMorgan analyst Harlan Sur sees further upside in shares of Nvidia following last night's "solid" Q1 results. The analyst expects seasonal growth in Gaming for the remainder of the year and keeps an Overweight rating on the shares with a $205 price target.
UBS analyst Timothy Arcuri lowered his price target on Nvidia to $195 after its Q1 results and withdrawn FY19 guidance, saying he now projects revenue to be down high single digits vs. its prior outlook of "flat to down slightly." The analyst maintains his Buy rating however, noting that the quarter's results were also "better than feared" thanks in part to the ramp of Nintendo Switch shipments in the next quarter lifting the Gaming segment.
Nvidia last night easily beat April quarter earnings estimates as well as the July quarter guidance, Piper Jaffray analyst Harsh Kumar tells investors in a post-earnings research note titled "Time To Play." The big news was gaming returning to growth as the inventory channel appears to be completely flushed and the company achieving its $1.4B base run-rate between Q2 and Q3, Kumar says. The analyst continues to believe Nvidia represents an "incredible opportunity to play the mega-trends of data center." He reiterates an Overweight rating on the stock with a $200 price target.

$AAPL- Nomura Instinet analyst Jeffrey Kvaal lowered his price target for Apple to $175 from $180 saying the renewal of China trade tensions is a likely near-term negative for the company. The analyst reduced his fiscal 2019 estimates out of trade caution. Further, Kvaal says the "record low" Q1 upgrade rates at U.S. operators also suppress his optimism for a long-term recovery in replacement rates, which he expects to weigh on Apple's fiscal 2020 estimates.

$BA- Singapore Airlines CEO said on Friday that an order for 31 Boeing 737 Max jets still stands despite the aircraft model's two deadly crashes in Ethiopia and Indonesia, says Shirley Tay of CNBC. "However, the grounding of the jets by its regional affiliate SilkAir adds "some complications" to the planned merger between the two airlines, Goh told CNBC's Sri Jegarajah on Friday" according to the CNBC story.

$EA- Wedbush added Electronic Arts to its Best Ideas List, saying it expects the company to deliver material upside to its fiscal 2020 guidance for netbookings and EPS, driven by Apex Legends and a game lineup this year that appears "outstanding." The firm expects a string of near-term catalysts, including updates on Apex MAUs, game reveals at the E3 Expo in June, greater detail on the market expansionpotential for services like Google Stadia, and continuing growth of EA's sports business. Wedbush has an Outperform rating and $122 price target on the stock

$BLUE- JPMorgan analyst Cory Kasimov thinks investors should use times of share weakness to buy or add to longer-term positions in Bluebird Bio. With the stock off nearly 20% since early April, "this could be one of those times," Kasimov tells investors in a research note. He believes Bluebird has a relatively high likelihood of going four-for-four with its initial late-stage shots on goal. The analyst maintains an Overweight rating on the shares with a $195 price target.

$UA- JPMorgan analyst Matthew Boss upgraded Under Armour to Overweight from Neutral and raised his price target for the shares to $29 from $23. The shares closed yesterday up 52c to $21.88. After meeting with management including CEO Kevin Plank, Boss says the clear tone from the top was "controlled confidence" in the brand direction with "disciplined" fiscal 2020 global top- and bottom-line growth acceleration. This will be driven by the combination of product, innovation, and marketing after management's three-year strategic "shrink phase" completed exiting fiscal 2019, Boss tells investors in a research note. He believes this translates into a favorable multi-year risk/reward on shares of Under Armour.
JPMorgan analyst Matthew Boss upgraded Under Armour to Overweight from Neutral and raised his price target for the shares to $29 from $23.

Today will be interesting for AAPL and NVDA. Bullish NVDA as I believe the shorts will cover this morning and it’s been oversold - AAPL will be under pressure with the downgrade & China worries. 
MU is one to look at here as well- 
Still scalping to accumulate cost free earnings position in TGT for next week. 
Patience has paid for us- keep up the great work stacking gains OPers!
 

OP Wire May 16 

$BABA- Stifel analyst Scott Devitt increased his FY20 and FY21 revenue estimates for Alibaba due to better than expected customer management, New Retail, and local consumer services revenues, noting that while he thinks the company's 33% revenue growth guidance for FY20 is likely conservative considering the macro backdrop. The analyst, who also said that he expects losses in digital media and entertainment to narrow in FY20, increased his price target to $220 from $200 and keeps a Buy rating on the shares.
Mizuho analyst James Lee raised his price target for Alibaba Group to $225 from $215

$AAPL/$NVDA/$MU- Wedbush analyst Daniel Ives notes that there continues to be a lot of noise and confusion around the recently hiked 25% Chinese tariff and its potential impact on the tech food chain, semiconductor names like Nvidia (NVDA), Micron (MU), and Intel (INTC), and Apple (AAPL). Commenting on the news around the Trump administration's ban on Huawei products in the U.S., the analyst says he expects a "lot more sand to be thrown in the sand box between the Beltway and Shanghai until the G-20 talks," but cautions investors on Apple to not jump to conclusions. Many are "yelling fire in a crowded theater" saying this tariff issue will be a major fundamental blow to Apple, but the analyst "strongly" disagrees. Ives ultimately thinks there is a low likelihood that Apple and its iPhones feel the brunt of the tariff, and notes that the more concerning issue is around any hit in demand if Apple feels the noise in China and any pro Huawei sentiment negatively impacting sales in the near-term. The analyst reiterates an Outperform rating and a $235 price target on Apple's shares.

$NVDA- Shares of Nvidia (NVDA) have pulled back 16% since Intel (INTC) reported data center weakness and as such, the "cat is already out of the bag," Citi analyst Atif Malik tells investors in a research note previewing Nvidia's April water results. He believes buy-side focus is on data center and that expectations are for flat data center sales in the July quarter. However, the analyst models data center sales down 5% quarter-over-quarter. Nonetheless, Malik believes the data center weakness is priced in and he keeps a Buy rating on Nvidia.

$WMT- Reports Q revenue $123.9B, consensus $124.98B. Excluding currency, total revenue was $125.8B. Reports Q1 U.S. SSS up 3.4%. Reports Q1 U.S. eCommerce sales up 37%.

$TSLA- T. Rowe Price Associates sold roughly 81% of its shares of Tesla over the first three months of the year, according to a regulatory filing. The fund manager held 1.7M Tesla shares as of March 31, down from 8.9M shares at the end of 2018, according to the filing.

$CSCO- Piper Jaffray analyst James Fish raised his price target for Cisco Systems to $58 from $52 and reiterates an Overweight 

Hey OP... looks like the OP Wire idea to get in TGT yesterday will pay nicely today.
I’ll look to hold longer. 
BABA is a play that may have legs especially with increased upside if trade situation improves.

Yesterday’s tweet was exactly what I’ve been speaking about as the market was deep red prior to its release. You can get yourself in deep trouble if you are not careful - see many on twitter getting whipsawed so please stay safe!
As you hear in chat, the courses teach awesome systems perfect for times like these as swing trades can be tricky (IV and reversing tweets considered) so take advantage of them- email me if you have any questions at Steve@optionsplayers.com (I can even split the payment if that helps)
I have the new quarterly short term watchlist ready to go but will only release once the trade deal is finalized so stay tuned.
Have a great day OP! 

OP Wire 5/15

China’s economy slowed further in April, even before President Donald Trump moved to raise and extend the scope of U.S. import tariffs.

Data released Today showed growth in industrial and retail both slowed sharply in April from March.

President Trump ramped up the pressure on China by preparing to ban telecoms group Huawei from tenders to build 5G networks in the U.S.

Hu Xijin, Editor-in-chief of Chinese and English editions of the Global Times, just tweeted: "US stocks rebound quickly, interesting. Looks like both sides have resources to sustain their will. What's important is neither side should have the illusion they can easily win over the other.After all they're both major powers. Trade game may last longer than many think it will" 
$MSFT- warned it had discovered a weakness in older versions of its Windows operating system that could be exploited by something similar to the WannaCry worm that caused havoc across the world in 2017.

$QQQ- $18.1M option block in the Qs. Shares up 1.5% to $181.30 and 45K Jun 180 puts trade $4.03. The block, likely a a portfolio hedge, is an account swap,a according to a source on the floor, and trade history show the position probably opened $2.77 on 4/15/19 with shares $185.75. Separately, 10.8K QQQ May 175 puts sold at 44c to buy 7.2K Jul 163 puts for $1.68, which likely rolls long puts to July will reducing position size. 10K May 174 - 183.5 risk-reversals trade 7c while, later, 8K May 178 - 185 riskys for 41c. Total volume notably lopsided at 337K puts and 168K calls after the 3.5% tumble in the NASDAQ 100.

$ADBE- In an interview on CNBC's Mad Money, Adobe CEO Shantanu Narayen said: We are involved in every aspect of supporting businesses... We learn from our customers... You have to partner with an ecosystem to provide a real-time experience for the customer... Our ServiceNow partnership is a natural fit... Design and creativity have never been more important to businesses... With Amazon getting into businesses, the need to transform is front and center for everyone... People are consuming more digital content.

$BA- Weeks following the first fatal crash of the 737 MAX, Boeing (BA) executives resisted calls from American Airlines (AAL) pilots urging management to work on a fix, David Gelles and Natalie Kitroeff of the New York Times report. The pilots at the time even argued that the planemaker should push authorities to take an emergency measure that would likely have led to the grounding of the jet, but Boeing didn't want to rush out a repair and said they expected pilots to be able to handle any issues, the authors say. Boeing vice president Mike Sinnett acknowledged that the manufacturer was examining potential design flaws of the aircraft, including new-anti-stall software, but balked at taking a more aggressive approach, Gelles and Kitroeff report. "No one has yet to conclude that the sole cause of this was this function on the airplane," Sinnett said, according to a recording of the November 27 meeting, which occurred before an Ethiopian Airlines flight crashed.

$T- The company provided an update to shareholders at the JP Morgan and MoffettNathanson Conferences stating: "AT&T continues to expect FY19 wireless service revenues to grow, which it expects will contribute to wireless EBITDA growth. The Mobility segment represents about half of AT&T's total EBITDA. Catalysts for growth include postpaid smartphone adoption, the move to higher-ARPU unlimited plans and continued Cricket subscriber growth. The company also expects its FirstNet build and superior network quality will help it attract and retain customers... AT&T has mobile 5G in parts of 19 cities today and expects to have nationwide 5G coverage by early 2020. AT&T also plans to offer two 5G smartphones in 2019, which it expects to promote to early adopters. In a recent test on its live 5G network and using a commercially available device, AT&T saw data speeds faster than 2 Gbps."

$CELG -Celgene's treatment of multiple myeloma was designated for orphan status by the FDA, according to a post to the agency's website. 

$CYBR- JMP Securities analyst Erik Suppiger raised his price for CyberArk to $135 from $130 after the company reported "strong" Q1 results, and provided Q2 and 2019 guidance higher than consensus. The analyst reiterates an Outperform rating on the shares as he continues to believe that CyberArk is "undervalued."
Oppenheimer analyst Shaul Eyal raised his price target for CyberArk to $130 from $111

$RL- RBC Capital analyst Kate Fitzsimmons lowered her price target on Ralph Lauren to $135 after its Q4 results

$AMAT- Susquehanna analyst Mehdi Hosseini upgraded Applied Materials to Positive from Neutral, stating that his recent checks suggest that the company has won "major" memory design wins that should help it regain lost share and put it back on track for an "annualized" EPS run rate of $5 in the second half of 2020. The analyst, who also said he believes semi cap fundamentals are "not far from a bottoming," raised his price target on Applied shares to $60 from $34.

$BABA- Reports Q4 revenue $13.93B, consensus $13.32B.
Popped nice but now is dropping

Today I will be watching- only looking to scalp (quick in/out) plays. If wanting to swing trade then I would go with plays that are not exposed to the geopolitical atmosphere as we have many things happening at the moment that can drag the market in a heartbeat. 
I will be looking for a nice entry in TGT one of these days here and would love a drop to buy DIS long. 
Have a great day OP!

OP Wire 5/14

Trump: We'll know in three to four weeks if China trade talks are successful!
Markets seem to like this quote so let’s see if it sells off or squeezes shorts today and moves higher. 
U.S. President Donald Trump said he plans to meet with his Chinese counterpart Xi Jinping at the meeting of G20 leaders on June 28 and 29. "That'll be, I think, probably a very fruitful meeting,” he said.

$NVDA- Stifel analyst Kevin Cassidy lowered his Q1 revenue and non-GAAP EPS estimates for Nvidia to $2.165B and 79c, respectively, from his previous view of $2.2B and 82c, stating that he is cautious on the shares in front of earnings on May 16. 

$BA- The FAA deferred to Boeing on whether a suspect flight-control system was critical to the safety of the company's 737 MAX planes, The Wall Street Journal's Andy Pasztor, Andrew Tangel and Alison Sider report. According to government and industry officials, an internal FAA review has tentatively determined that senior agency officials didn't participate in or monitor crucial safety assessments of the system, which was later implicated in two fatal crashes. The results also indicate that during the certification process.

$TSLA- A Tesla Model S suddenly caught fire in a parking lot in San Po Kong Plaza in Hong Kong less than a month after a similar occurrence was reported in Shanghai, Bloomberg's Angus Whitley and Zoe Ma report, citing the Hong Kong Economic Times. The vehicle had been parked for roughly half an hour before the battery began to emit smoke and flames appeared and firefighters took approximately 45 minutes to put out the fire. 

$AAPL- Apple has sold off 11% since the start of last week on resurfacing concerns related to the imposition of tariffs on imports from China as well as concerns driven by the unfavorable outcome of recent lawsuits, JPMorgan analyst Samik Chatterjee tells investors in a research note. Given that there has been limited impact from the tariffs on Apple's hardware products to date, and that the likelihood of "outsized" losses from recent lawsuits appears limited, the share pullback can be seen as "largely an overreaction," says Chatterjee. Chatterjee keeps an Overweight rating on Apple with a $235 price target.

$ATHX- Athersys announced that its clinical program evaluating MultiStem cell therapy for the treatment of Acute Respiratory Distress Syndrome, or ARDS, has received Fast Track designation from the FDA. This important designation is given to qualified investigational therapies that show promise in providing benefit to patients in areas of significant unmet medical need. Fast Track designation allows for an expedited regulatory review process after the clinical data is submitted to help speed development of promising therapies to the market in order to help patients in areas where current standard of care is limited.

$WMT- Marc Lore, President and CEO, Walmart eCommerce U.S., announced: "We started with same-day pickup in our stores in 2011 and began offering two-day free shipping two years ago with no membership fee. But, the most exciting development has been the creation of Grocery Pickup and Delivery. We're on track to offer Grocery Pickup from 3,100 stores and same-day Grocery Delivery from 1,600 stores by year-end, which will provide coverage to approximately 80% and 50% of the U.S. population, respectively. This has been a game-changer for busy families. And, today, to complement our same-day Grocery Delivery, we're excited to announce a new offering we've been working on for a while now. We're adding free NextDay delivery on a wide range of general merchandise from Walmart.com, without a membership fee. NextDay delivery will be available first to Walmart.com customers in Phoenix and Las Vegas, and will expand to Southern California in the coming days. It will roll out gradually over the coming months, with a plan to reach approximately 75% of the U.S. population this year, which includes 40 of the top 50 major U.S. metro areas. Walmart's NextDay delivery offers a stand-alone, curated shopping experience where customers can browse up to 220,000 of the items most frequently purchased, ranging from diapers and laundry detergent to toys and electronics, with more assortment to be added. It is available on eligible orders of $35 or more, with the specific assortment varying by customer location."

$SHOP- Shopify downgraded to Underweight from Equal Weight at Morgan Stanley

I’ll be looking to scalp WMT and ride our AAPL alert play today looking for our 20% gain. 
Will be watching to see if market sells off after open or bounces with the news and holds. 
Reminder- All of our courses are recorded so if you elect to take one that isn’t live now you get the recordings AND a spot for the next upcoming LIvE offering!
Have a great day OP!

 

OP Wire 5/13

Some tweets this weekend have the markets on edge- here are the latest:
    •    President Trump said to President Xi "you had a great deal...& you backed out" in a tweet on Monday.
    •    Trump also warned China on Monday not to retaliate on the tariff hike of 25% on $200 billion of Chinese goods set in place on Friday.
    •    "China should not retaliate-will only get worse!," Trump wrote.
 
Will be interesting to see if market bounces again as it has each time previously. I’m sensing it will briefly before dropping even further than today’s open low. With that said, I would be careful with trying get into plays other than scalping. Folks that have taken Gregs daytrade course have been crushing it using the “secret sauce “ so continue to use those setups!
I’ll be laying low again- look at all the gains we have been saving by just staying patient 🤷🏼‍♂️😎
We will get to buy back our breadwinners lower and be able to go longer for less now:)

Crypto is looking to run again. May be something to watch!
I’m buying BTC (Bitcoin) just to accumulate. If you don’t have an account and want to save some money- here is my link. The crypto trades with this are almost cost free so enjoy:)
https://www.binance.com/?ref=16712579

$CELG- Celgene Corporation announced that the U.S. Food and Drug Administration has granted Breakthrough Therapy designation to POMALYST for the treatment of patients with human immunodeficiency virus-positive Kaposi sarcoma who have previously received systemic chemotherapy, as well as patients with HIV-negative Kaposi's sarcoma. 

$TLRY- Alliance Global Partners analyst Aaron Grey initiated Tilray with a Neutral rating and $50 price target.

$ZM- BofA/Merrill analyst Kash Rangan initiated Zoom Video with a Buy and $89 price target saying it is a leader in video conferencing and focused on providing a vide0-first solution that fundamentally changes how people collaborate.
Credit Suisse analyst Brad Zelnick initiated Zoom Video with a Neutral and $80 price target.

$JD- JD.com upgraded to Buy from Hold at CICC

$WMT/$TGT- Walmart, Target quietly consider CBD product lines, NY Post reports.

OP Wire 5/10

United States has escalated its trade war with China, hiking tariffs on $200 billion worth of Chinese exports hours after trade talks held in Washington failed to produce results.
Tariffs on the targeted exports increased from 10% to 25% at 12:01 a.m. ET on Friday, prompting a swift rebuke from Beijing. Markets are handling it better than I expected. Let’s see how things progress today. 

$LOW- Wells Fargo analyst Zachary Fadem noted that Lowe's shares are down 5% in the past week, which he blames on weather concerns and renewed tariff fears.

$F- BofA/Merrill analyst John Murphy upgraded Ford Motor to Buy from Neutral and raised his price target for the shares to $14 

$ANTM- Citi analyst Ralph Giacobbe upgraded Anthem to Buy from Neutral.

Today will be another day similar to yesterday. I wouldn’t get into any swing trades but scalping for small 5-10% gains will be opportunistic. Need to see some sort of progress with today’s meeting or things may down downhill fast. 
Be careful everyone!

OP Wire 5/10

United States has escalated its trade war with China, hiking tariffs on $200 billion worth of Chinese exports hours after trade talks held in Washington failed to produce results.
Tariffs on the targeted exports increased from 10% to 25% at 12:01 a.m. ET on Friday, prompting a swift rebuke from Beijing. Markets are handling it better than I expected. Let’s see how things progress today. 

$LOW- Wells Fargo analyst Zachary Fadem noted that Lowe's shares are down 5% in the past week, which he blames on weather concerns and renewed tariff fears.

$F- BofA/Merrill analyst John Murphy upgraded Ford Motor to Buy from Neutral and raised his price target for the shares to $14 

$ANTM- Citi analyst Ralph Giacobbe upgraded Anthem to Buy from Neutral.

Today will be another day similar to yesterday. I wouldn’t get into any swing trades but scalping for small 5-10% gains will be opportunistic. Need to see some sort of progress with today’s meeting or things may down downhill fast. 
Be careful everyone!

OP Wire 5/9

$DBX reports earnings today and JD reports tomorrow.

Fed Chairman Powell will give the opening remarks at a Fed conference on "Renewing the Promise of the Middle Class" in Washington at 8:30 AM ET which should also give hints as to where they are leaning with regards to hikes. 

Escalating trade tension between the U.S. and China sent global stocks lower for a fourth-consecutive day on Thursday as high level officials from both sides kick off a two-day meeting in Washington.
Last night, President Trump insisted that Beijing “broke the deal”, China responded that it would retaliate on any tariffs and was fully prepared to defend its interests.
Should be an interesting day. I would protect your positions or take them off if you don’t like the additional risk. 

$DIS- JPMorgan analyst Alexia Quadrani reiterates an Overweight rating on Disney with a $150 price target.
Marvel has become "extremely popular" in China. Says has done "some exploration" about whether there's an opportunity around NFL Sunday Ticket. Says "bullish" on the NFL and its relationship with Disney.

$CVNA- Wells Fargo analyst Zachary Fadem raised his price target for Carvana to $85 from $80

$INTC- Wells Fargo analyst Aaron Rakers lowered his price target for Intel to $55 from $60

$COST- Wells Fargo analyst Edward Kelly raised his price target for Costco to $240 from $225

Hey OP! Today will be a nice day to grab a popcorn and watch as we will be waiting for any news on improving the trade situation. 
I do have a feeling we will hear something positive before the close today so I’ll be scalping AAPL Calls throughout the day with the hope I’m in a play as a tweet comes in.
I won’t be posting an alert play until this gets back to normal as they are swing trades and this isn’t the best of times for that. 

I like TGT dips and will keep eye on BA for add to my existing August position. BA ex divi day so that’s the reason for the price difference here today (aside from gap down).
Have a good day everyone- stay safe!

 

OP Wire 5/8

China arrives to the US today for trade discussions. Tariffs increase tonight at midnight unless otherwise noted before hand. 
Make sure you close any call positions before close if you don’t want to gamble on a tweet/news release relieving this situation.

$EA- UBS analyst Eric Sheridan raised his price target on Electronic Arts to $120 after its Q4 earnings and "solidly positive" management commentary that suggested a "mix of tailwinds" from legacy sports games, the new Star Wars title, and a "potentially disruptive" Apex Legends call option. The analyst keeps his Buy rating on Electronic Arts and its "compelling mix" of assets.
Baird analyst Colin Sebastian raised his price target on Electronic Arts to $114 and kept his Outperform rating.
Electronic Arts reported "strong" March quarter results above consensus and while initial fiscal 2020 guidance was "unsurprisingly" below consensus, it was range of expectations, Piper Jaffray analyst Michael Olson tells investors in a research note. Despite the below consensus guidance, the analyst believes EA "closed the door on a challenged" fiscal 2019 and has started fiscal 2020 on a positive note. He raised his price target for the shares to $115 from $114 and keeps an Overweight rating on the name.

$DIS- James Cameron's long-awaited follow-up to "Avatar" has been pushed back another year, now expected to hit the theaters on December 17, 2021, according to Variety. With the move, "Avatar 3" will open on December 22, 2023 as opposed to December 17, 2021, while "Avatar 4" will bow in 2025. As part of the release date shake-up, Disney announced that three new untitled "Star Wars" films will start hitting theaters in 2022, the report added, with two follow-ups in 2024 and 2026.

BMO Capital analyst Daniel Salmon raised his price target on Disney (DIS) to $170 and kept his Outperform rating ahead of its Q2 results, saying he expects an "upbeat quarter" and positive commentary around June quarter's main events of Endgame box office and the first Edge of Galaxy opening. The analyst also believes that the company will join Netflix (NFLX) and Amazon (AMZN) at the helm of global streaming while noting that its Star Wars themed lands its theme parks and the launch of Disney+ will materialize as catalysts for this year.

Today is a wait and see type day. 
I’m in $DIS Oct $150 Calls from last week that are still up nicely and will hold through today’s ER.
I’m also in BA from yesterday that are red (half position). I’ll be looking to add to this position tomorrow morning.
I’ll look to buy AAPL long later today (before close) and possibly add to my BA position then.
I’ll sell my EA play today- what a nice win that was :)

Have a great day OP! Remember, patience pays!

OP Wire 5/7

$EA ER after the bell today-

$DIS ER after the bell tomorrow (Wednesday)

Despite President Trump’s tweets, a delegation of Chinese negotiators are set to arrive on Thursday for trade talks. Trump administration officials accused the Chinese of reneging on previous agreements over the weekend and derailing months of progress. Trump threatened to hike tariffs on $200 billion of Chinese goods from 10% to 25% by Friday (midnight) just hours after the China delegation will arrive. They better think fast😂

$SBUX- Starbucks in Westeros?
Somebody left a coffee cup in a scene in the latest "Game of Thrones" episode, and social media lost its mind over it. Talk about some good free advertising 😂 below is the vid
https://youtu.be/PcioE9Bk00A

AAPL- Samsung still has no idea when they will ship the new Galaxy Fold phones after the pre-release issues.

$BA- Barclays analyst David Strauss downgraded Boeing to Equal Weight from Overweight and lowered his price target for the shares to $367 from $417.
The Allied Pilots Association, which represents pilots working for American Airlines (AAL), said its confidence in Boeing (BA) has been shaken after learning a safety feature on the 737 MAX aircraft didn't work as communicated, the Financial Times' Patti Waldmeir reports, citing the association. Union spokesman Jason Goldberg said Boeing previously told pilots they would receive a cockpit alert before take-off if the two sensors on the plane disagreed, signaling one may be faulty, however Boeing has now told pilots that the disagree alert would not work until after take-off, when it could be much harder to handle. "Boeing and the operators have made it clear that pilot confidence is a huge part of the return to service of the Max," said Goldberg. "If they are trying to instil confidence in the operators this is not the way to do it.

$GWPH- Oppenheimer analyst Esther Rajavelu upgraded GW Pharmaceuticals to Outperform from Perform and raised her price target for the shares to $234 from $162
JPMorgan analyst Cory Kasimov raised his price target for GW Pharmaceuticals to $215 from $180.
Cantor Fitzgerald analyst Elemer Piros raised his price target for GW Pharmaceuticals to $229 from $196

$DIS- Imperial Capital analyst David Miller raised his price target for Disney to $147 from $139 and maintains an Outperform rating on the shares.

Today I will scalp EA calls and ride the gains through ER. 
Gonna ride my DIS position and also look to buy TGT back at open today for another ride like yesterday’s OP Chat play. 

Have a great day everyone!

OP Wire 5/6

Trump said over the weekend that tariffs on $200 billion of Chinese goods to increase to 25% on Friday, despite repeated claims by the Trump administration in recent weeks that trade talks with Beijing were going well. The tariff rate on those goods was originally set at 10%. As expected, the market dropped hard cause of this. I expect a bounce at open but may return to selling off after that as I think many will not want to play the guessing game this week. Patience may pay more than trying to catch knives....

$SWKS- Canaccord analyst T. Michael Walkley raised his price target for Skyworks to $99 from $84.

$EA- Buckingham analyst Matthew Harrigan reiterates a Neutral rating and $103 price target

$AAPL- Buffett says 'wildly in favor' of Apple's new $75B buyback program.

$DIS- Disney price target raised to $165 from $128 at UBS -analyst John Hodulik raised his price target on Disney to $165 and kept his Buy rating, saying that while the management's plans for Disney+ assumes larger than he expected losses in the near term, he also sees the service reaching profitability sooner than he expected. The analyst models 65M Disney+ subscribers by FY24, which is up from 50M in his prior assumption, adding that together with his expected subscriber base of 52M for Hulu and 8M for ESPN+, the company's DTC subscriber base could reach 125M.

$TSLA-Warren Buffett said Tesla (TSLA) will likely face challenges as it enters the insurance business, a field in which Berkshire Hathaway (BRK.A, BRK.B) has thrived, CNBC's Fred Imbert reports, citing comments made by Buffett at the Berkshire Hathaway annual meeting. "It's not an easy business. The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business," he said, adding, ""I'd bet against any company in the auto business" getting into insurance.

$BA- Boeing said in a statement over the weekend, "In 2017, within several months after beginning 737 MAX deliveries, engineers at Boeing identified that the 737 MAX display system software did not correctly meet the AOA Disagree alert requirements. 

Hey OPers!
The QCOM and TSLA Puts Will Pay nicely!

I’ll look to buy tickers that are not reliant upon a trade deal but are being taken down with the market as a whole. Those are the nuggets here today on this drop. 
I’ll be adding to DIS this morning (Oct Calls)
I’ll be patient today as this will linger on for a few days. Have a great day OP!

OP Wire 5/3

$BTC-Bitcoin Breaks Multiple Supports to Trade Above $5,800 as All Top 20 Coins Rally

$WMT- Bernstein analyst Brandon Fletcher upgraded Walmart (WMT) to Outperform from Market Perform, saying that while he thinks Walmart has not been able to return to its full potential for decades, but that the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," he thinks it could create an outsized investment return over several years. Fletcher tells investors in a research note that he thinks Walmart is the only full-scale challenger to Amazon (AMZN), with sizable investments on Price & Convenience and Price & Assortment.

$ATVI- Wedbush analyst Michael Pachter reiterated an Outperform rating and $56 price target on Activision Blizzard following the company's Q1 results.

$MA- KeyBanc analyst Josh Beck raised his price target for MasterCard to $265 from $230

$TLRY- Jefferies analyst Owen Bennett upgraded Tilray to Hold from Underperform while lowering his price target for the shares to $57 from $61

$SQ- BMO Capital analyst James Fotheringham lowered his price target on Square (SQ) to $90 and kept his Market Perform rating

$SWKS-Canaccord analyst T. Michael Walkley raised his price target for Skyworks to $99 from $84 and maintained a Buy rating

Looking to scalp the following:
AAPL Calls 
WMT Calls 
SBUX Calls 

Continuing to ride:
MSFT Calls 
DIS Calls

Looking to buy puts:
QCOM

Have a great day OP! Stack Your Gains!

OP Wire 5/2

$AMD-In an interview on CNBC's Mad Money, AMD CEO Lisa Su said: It's been a great few years... We have been a share gain story... 2019 is a huge year for us as we're launching products in many markets... We think gaming is a secular growth market... We are honored and proud to be a part of Sony's next generation PlayStation... Our focus is on partnering with the best in the industry... We believe the Cloud is a great market for us... As our products get adopted, we'll grow margins.

$TSLA- Tesla is offering 2.723M shares. CEO Elon Musk "has indicated his preliminary interest in purchasing up to 41,896 shares of our common stock for a purchase price of approximately $10.0M in this offering at the public offering price," the filing stated.

$QCOM- Cowen analyst Matthew Ramsay said Qualcomm's (QCOM) quarterly report had "lots of moving parts, as per usual," and that his initial reaction was negative. However, he said he came to feel "very good" about the Apple (AAPL) settlement and 5G average selling prices as he "dug into the details" of the report. He sees a meaningful earnings inflection in 2020 as he expects a Huawei settlement and 5G taking a material portion of what he expects to be a stabilized smartphone market. Ramsay raised his price target on Qualcomm shares to $100 from $91 and keeps an Outperform rating on the stock.
Canaccord analyst T. Michael Walkley reiterated a Buy rating on Qualcomm (QCOM) and raised his price target to $105 from $86.

$RCL- Wedbush analyst James Hardiman raised his price target for Royal Caribbean to $145 from $140.

$CAT- The company's board of directors authorized an increase to the quarterly cash dividend of 20% to $1.03 per share of common stock, payable August 20, 2019, to shareholders of record at the close of business on July 22, 2019.

$SQ- Square's Q2 results were 'solid,' says Canaccord  Canaccord analyst Michael Graham backed a Buy rating and $88 price target.

$UBER- As previously reported, Wedbush analyst Ygal Arounian started coverage of Uber (UBER) with an Outperform and $65 price target. 

$MSFT- Oppenheimer analyst Tim Horan expects the Microsoft Build Developer Conference next week will highlight the company's "dominant" hybrid cloud position as improved Azure compute functionality and AI dominate the published agenda. The analyst notes that Microsoft is investing heavily in AI/IoT, which he views as important drivers of cloud demand over the next decade. He reiterates an Outperform rating and a $145 price target on the shares.

$AAPL- Apple stock ($AAPL) has once again crossed the $1 trillion market cap level as its shares rose 6% in early trading

There are some interesting trade opportunities today. TSLA Puts at open seem logical. Qcom Puts at open may also pay nicely.
AAPL Calls at open look good too. 

Have a great day OP! 

OP Wire 5/1

Reporting ERs today include:
$SQ, QCOM, $FIT, $CVS, and $CRUS
Tomorrow:
$WTW, $GILD, ATVI, $SWKS, $X, SHAK, and UA

$MCD- KeyBanc analyst Eric Gonzalez raised his price target for McDonald's to $215 from $195.

$AMD- Deutsche Bank analyst Ross Seymore raised his price target for AMD to $25 from $20.
Barclays’s Curtis raised his price target for AMD to $28 from $26 and keeps an Equal Weight rating on the name.

$DIS- Barclays analyst Kannan Venkateshwar raised his price target for Disney to $150 from $130.
 
$TWLO-Canaccord analyst Richard Davis raised his price target for Twilio (TWLO) to $155 from $125.
Deutsche Bank analyst Michael Turrin raised his price target for Twilio to $160 from $150.

$SHOP- KeyBanc analyst Josh Beck raised his price target for Shopify to $275 from $250
Canaccord analyst David Hynes Jr. raised his price target for Shopify to $270 from $190.

$AAPL- Morgan Stanley analyst Katy Huberty noted that Apple beat the consensus revenue forecast by 1% and the EPS consensus by 3% in Q2, but "the real surprise" in its report was the better than expected June quarter guidance. She believes the guidance speaks to iPhone pricing cuts, stimulus in China and improved consumer confidence from advancing U.S./China trade talks all contributing to an improved iPhone trajectory. Following the report and guidance, Huberty raised her FY19 and FY20 revenue and EPS estimates "slightly" and increased her price target on Apple shares to $240 from $234. She keeps an Overweight rating on Apple.

Today is one of those days that I’ll just close order for gains and law low. May even look for some tickers to short after the pop. 
Not gonna force any trades!
Will post ideas in chat but I won’t have an alert play today other than taking the gains from the current play. Nice job OP!
Let’s enjoy and then get into the next winner😎

 

 

 

 

OP Wire 4/30

Apple reports after the market close!
General Electric, Mastercard, McDonald’s, Merck and Pfizer are among company earnings to watch ahead of the opening bell today.

The Federal Reserve begins its two-day meeting today amid expectations that interest rates will remain on hold. At its March meeting, the Fed indicated that it will hold off from hiking rates for the rest of the year amid expectations for a slower pace of economic growth.

$BA- Flydubai Chief Executive Sheikh Ahmed bin Saeed al-Maktoum said that he would seek compensation for the grounding of 14 737 MAX planes and may seek replacements from Airbus, according to a report from Financial Times.

$F- Deutsche Bank analyst Emmanuel Rosner raised his price target for Ford shares to $13 from $12 following "bullish" meetings with management.

$GOOG- Canaccord analyst Maria Ripps maintained a Buy rating on Alphabet with a $1,250 price target after the company's "mixed" Q1 results,

$SHOP- Reports Q1 revenue $320.5M, consensus $309.92M

$DIS- Citi analyst Jason Bazinet raised his price target for Disney (DIS) to $160 from $132.

$CAT- Investor meeting to be held on May 2 at 1 pm

$FOLD- Amicus Therapeutics announced initial preclinical data from its investigational adeno-associated viral, or AAV, gene therapy program for Pompe disease in mice. These data will be highlighted in a poster entitled "Development of a Novel Gene Therapy for Pompe Disease: Engineered Acid Alpha-Glucosidase Transgene for Improved Expression and Muscle Targeting," at the American Society of Gene & Cell Therapy, or ASGCT, 22nd Annual Meeting in Washington, D.C. Pompe disease is an inherited lysosomal storage disorder caused by deficiency of the enzyme acid alpha-glucosidase. This initial preclinical study used a single high dose of AAV in GAA knockout mice with either natural unmodified hGAA or an Amicus/Penn engineered hGAA transgene with a lysosomal-targeting cell receptor binding motif, or engineered hGAA. The Amicus/Penn engineered hGAA is designed for optimal expression, secretion, and targeting which enables efficient cross-correction in target tissues. I’m in Jan 2021 $15 Calls :)

AAPL ER day... I’m only risking what I’m prepared to lose- the Oct play is out far enough to hold long if report isn’t positive enough for upward move initially. With buybacks, potential Dividend increase, upgrades, trade agreement, and new products/services ahead I am willing to hold a few Oct contracts for the ER. I will not consider risking a shorter play- 

Expecting a red open and market should bounce from there.... 
AMD reports today and I’ll have some June NVDA Calls as a proxy play. Holding a few AMD calls as well but they are very risky and not advisable- I may even sell them before close if we get a nice pop today in AMD.
Remember- the free session is tonight at 8:30pm- see your email for registration link!

Have a great day OP! 

 

OP Wire 4/29

According to the report, Mnuchin said that while both countries are nearing a deal, negotiations are reaching a stage where either an agreement could happen — or it could end without a deal.
Both Mnuchin and U.S Trade Representative Robert Lighthizer will be in Beijing for talks that start on April 30.

$COST- Costco announced that its board has reauthorized a common stock repurchase program of up to $4 billion. This program will expire in April 2023 and replaces the current $4B program, which had unused authorization of approximately $2.2B.

$SHOP- Wedbush analyst Ygal Arounian raised his price target for Shopify to $250 from $200 

$INTC- Intel downgraded to Hold from Buy at Argus

$QCOM- Qualcomm price target raised to $90 from $60 at Deutsche Bank  Deutsche Bank analyst Ross Seymore raised his estimates for Hold-rated Qualcomm (QCOM) to reflect the company's agreement with Apple (AAPL). 

$TSLA- Cannaccord maintains a Buy rating and $394 price target.

$AAL- Deutsche Bank analyst Michael Linenberg upgraded American Airlines to Buy from Hold with an unchanged price target of $40. American's lowering of its earnings guidance range last week was not unexpected given the recent rise in fuel prices and grounding of its MAX fleet.

$TGT-Barclays analyst Matthew McClintock upgraded Target (TGT) to Overweight from Equal Weight and raised his price target for the shares to $115 from $85.

$AMZN- JMP Securities analyst Ronald Josey raised his price target on Amazon shares to $2,275 from $2,050

Hey OP! I’ll be looking to release the new Short Term Watchlist of Plays soon as the China Trade picture starting to provide some resemblance of an agreement. 

Today I’ll continue ride the $DIS with tight stops.
Looks for AMD to continue melting up into close and NVDA to go from red to green today.
$WMT and $SBUX will also have my eyes today as I will look to get into long positions in them again. 
For AAPL, I would only play a long play over this ER like the Oct $225 calls or something to that effect (two Qs away)

Etrade deal for OP!!

To get the OP E*TRADE (.25 per option) deal please do the following 

Click here and create new account 
http://etrade.com/optionsplayers

Then fund the new account $2K+

Lastly, email me once done so I can have them change your rate to reflect our deal. 

———————————————————
📣🏆My “Rules” I Trade By (Stack Gains)

-Never put more than 20% of your available trading funds in one particular play. 
-Keep some dry powder for unexpected opportunities.
-Follow the 10% mental stop loss rule. 
-If we gap down (past 10%) on a text play and we recover to your entry later on EXIT upon even and re-evaluate. 
-Take 20% gains as they come. If running then use a training stop.

$$ Let the numbers and system do all the work! You should never be stressed about one particular play if you follow these suggestions. We win many more plays than we lose and our losses are smaller than our wins!

Have a great day OP! 

 

 

GDP growth expected to hit 2-year low
The preliminary release of first-quarter gross domestic product at 8:30 AM ET (12:30 GMT) is expected to show that U.S. economic growth was 2.0%, the slowest since the first quarter of 2017.

Intel’s weak guidance sent waves of bearish sentiment through the semiconductor sector. Rival chipmakers Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Micron (NASDAQ:MU) were also under pressure in extended hours trading. Let’s see if they bounce from open like I expect.

Closing CBOE SPX and VIX Index summary for April 25th -The CBOE Volatility Index (VIX), the SPX option derived measure of implied volatility, lifted 0.11 today to close at 13.25, while the underlying SPX index lost 1.08 to close at $2926.17, a 0.04% decline. 501,494 VIX option contracts traded, 1.0830x the typical daily volume for the product. Calls made up 74.1% of the volume.

$SBUX- Starbucks says on track to deliver on capital return commitment  Says on track to deliver on shareholder capital return commitment. Says Q2 performance further validates growth agenda. Says has delivery in 1,600 U.S. stores.
Starbucks says its rewards loyalty program grew to 16.8M active members in the U.S., up 13% year-over-year, in Q2.
Wedbush analyst Nick Setyan raised his price target for Starbucks to $75 from $70. 

$LMT- Lockheed Martin has been awarded a $723.55M modification to a domestic and foreign military sales contract to procure a variety of Hellfire II missile variants.

$AMZN- Piper Jaffray analyst Michael Olson raised his price target for Amazon.com to $2,225 from $2,070 saying in-line revenue and operating income above consensus drove "solid" Q1 results. 
Oppenheimer analyst Jason Helfstein raised his price target for Amazon.com to $2,100 from $2,085 and maintained an Outperform rating.
Credit Suisse analyst Stephen Ju raised his price target for Amazon.com to $2,200 from $2,100.

$NFLX- Imperial Capital analyst David Miller lowered his price target for Netflix to $458 from $463 saying the company this week tapped the high yield market for the ninth time in the last six years by issuing $2.24B of senior notes in two series. 

$TMUS- KeyBanc analyst Brandon Nispel raised his price target for T-Mobile (TMUS) to $88 from $76.

Today I’ll be laying somewhat low- will look to buy AMD at open for a scalp with tight stop. Also may add to NVDA June calls with tight stop.
WMT May present a nice opportunity to buy this morning too.

Have a great day OP!

 

OP Wire 4/25

Today’s notable ERs include (ticker w/my sentiment)-
$SBUX (bullish), $AMZN (bullish), $F (neutral),  $INTC (bearish), $LUV (bearish), $BMY (bullish), $TMUS (bullish)

$CMG- SunTrust analyst Jake Bartlett raised his price target on Chipotle to $780 and kept his Buy rating.
KeyBanc analyst Eric Gonzalez raised his price target for Chipotle to $780 from $625.

$FB- KeyBanc analyst Andy Hargreaves raised his price target for Facebook to $220 from $195.
KeyBanc analyst Andy Hargreaves raised his price target for Facebook to $220 from $195.
Barclays analyst Ross Sandler raised his price target for Facebook to $240 from $210.
JPMorgan analyst Doug Anmuth raised his price target for Facebook to $245 from $210.

$MSFT- Deutsche Bank analyst Karl Keirstead raised his price target for Microsoft to $145 from $130.
Barclays analyst Raimo Lenschow raised his price target for Microsoft to $152 from $132.

$TSLA- Tesla price target raised to $394 from $391 at Canaccord  Canaccord analyst Jed Dorsheimer raised his price target for Tesla to $394 from $391 and maintained a Buy rating for the shares, telling investors in a research note that Tesla posted Q1 results that were "roughly as we expected." The analyst says its "solid" Q2 delivery guidance of 90,000-100,0000 vehicles should help quell demand concerns. An interesting development was that the company stated that "in about a month" it was planning on offering an insurance product for consumers, Dorsheimer says, adding that he views anything that lowers the consumer's cost of ownership as a clear benefit for demand.

$PYPL- Canaccord analyst Michael Graham raised his price target for PayPal to $105 from $88.

$LULU- Canaccord analyst Camilo Lyon raised his price target for lululemon to $191 from $186.

$WYNN- As previously reported, BofA/Merrill upgraded Wynn Resorts to Buy from Neutral and trimmed its price target to $150 from $165

Today I play on buying SBUX at open again and will look to scalp for a cost free position to hold through ER.
Will look to scalp AAPL Calls and possibly play AMZN volatility today prior to ER. 
QCOM Puts should pay from yesterday again.... 
Have a great day OP!

OP Wire 4/24

Todays notable ERs(Wednesday)- $FB, $MSFT, $TSLA, $BA, $IQ, T, $PYPL, $V, $CMG, $QCOM, $CAT

$SNAP- Citi analyst Mark May views Snap's Q1 results as encouraging, but adds its outlook "was more mixed." While the Q2 revenue guidance was only in-line with consensus at the midpoint and adjusted EBITDA was below, the company has recently topped its guidance, which could suggest upside to forecasts, May tells investors in a post-earnings research note. The analyst, however, believes Snap's valuation "appears full." He raised his price target for the shares to $14 from $13 and keeps it a Neutral rating.
Canaccord analyst Michael Graham raised his price target for Snap to $13 from $9.50

$TWTR- Oppenheimer analyst Jason Helfstein raised his price target for Twitter (TWTR) to $44 from $33 as platform improvements are driving mDAUs and monetization remains strong. Canaccord analyst Maria Ripps raised her price target for Twitter to $42 from $32.
JPMorgan analyst Doug Anmuth raised his price target for Twitter to $46 from $40

$BA- Todays year guidance excludes any 737 Max expected ramifications-new guidance to be issued at a future date.

$EBAY- Barclays analyst Ross Sandler raised his price target for eBay to $49 from $46.

$PG- Barclays analyst Lauren Lieberman upgraded Procter & Gamble to Overweight from Equal Weight and raised her price target for the shares to $112 from $94.

$BBY- Jefferies analyst Jonathan Matuszewski upgraded Best Buy to Buy from Hold and raised his price target for the shares to $88 from $72.

$T- In Q1: Mobility: Service revenues up 2.9%; operating income and EBITDA growth with postpaid phone and prepaid net adds... 179,000 postpaid smartphone net adds in the U.S... 80,000 postpaid phone net adds... 96,000 prepaid net adds of which 85,000 are phones Entertainment Group: 13% operating income growth with solid ARPU gains... 6.9% EBITDA growth 

$KHC- Piper Jaffray analyst Michael Lavery downgraded Kraft Heinz to Underweight from Neutral and lowered his price target for the shares to $31 from $35.

$COST- Baird analyst Peter Benedict raised his price target for Costco Wholesale to $270 from $250 and reiterates an Outperform.

Riding the $AAPL, $MSFT, $SBUX and $WMT wave!
Also gonna eye long positions in $TWTR, $NVDA, and $AMD.
Hope to have the alert issue resolved today or tomorrow latest... yesterday’s OP Wire was absolutely killer- let’s keep up the good work everyone! Have a great day!

 

OP Wire 4/23

$ROKU- Susquehanna analyst Shyam Patil initiated Roku with a Positive and $80 price target.

$SBUX- China's coffee market is highly underpenetrated. Inconsistent qualities, high prices and inconvenience have hampered the growth of the freshly brewed coffee market in China. We believe that our model has successfully driven the mass market coffee consumption in China by addressing these pain points. We aim to become the largest coffee network in China, in terms of number of stores, by the end of 2019.

$HAL-SunTrust analyst Ken Sill lowered his price target on Halliburton to $39

$LMT-Lockheed Martin up 6% to $334.32 after Q1 results beat, FY19 outlook raised  

$BIDU-KeyBanc analyst Hans Chung lowered his price target for Baidu to $220 from $236

$TSLA-Cowen analyst Jeffrey Osborne maintained an Underperform rating on Tesla (TSLA) and lowered his price target to $160 from $170

I hope to have the alerts/email notifications fixed today - 

Looking to continue to buy open for $AAPL and ride the momo past $205 
Holding $SBUX and $MSFT today was well...
Looking for $WMT to bounce.... if it loses $102 then I’ll sell - like the 5/10 $104 Calls to scalp as they move 20-40% daily....
Have a great day OP!

Notable ERs this week:

Monday- $HAL, 
Tuesday- $TWTR, $SNAP, $VZ, $LMT, $KO, 
Wednesday- $FB, $MSFT, $TSLA, $BA, $IQ, T, $PYPL, $V, $CMG, $QCOM, $CAT
Thursday- $SBUX, $AMZN, $F, $INTC, $LUV, $AAL
Friday- $NBEV, $XOM

$NIO- NIO has launched an investigation after one of its ES8 SUVs caught fire at a service center in central China, Technode's Chris Udemans reports. The company said in a statement on microblogging platform Weibo that one of the vehicles had been undergoing maintenance at a service center in Xi'an when the incident occurred, adding that tere were no casualties and no other property damage.

$LULU- Baird analyst Mark Altschwager maintained an Outperform rating and $185 price target on lululemon ahead of the company's first analyst day since 2014 on Wednesday.

$AMZN- Ahead of Amazon's quarterly results, Wedbush analyst Michael Pachter says he expects Q1 upside driven by the company's high-margin advertising, Amazon Web Services, and third-party seller services businesses.

$FB- Ahead of Facebook's quarterly results, Wedbush analyst Michael Pachter anticipates Q1 revenue upside from ad product momentum and engagement growth

$AMD- Barclays analyst Blayne Curtis raised his price target for AMD to $26 from $21 while keeping an Equal Weight rating on the shares.

Hey OP! I’m gonna be laying low today as I either have the flu or really bad allergies today. Hope today is great for you- don’t overtrade! 

OP Wire 4/18

$LVS- Deutsche Bank analyst Carlo Santarelli raised his price target for Hold-rated Las Vegas Sands to $69 from $60

$MSFT- Wedbush analyst Daniel Ives raised his price target for Microsoft to $150 from $140

$PEP- Deutsche Bank analyst Steve Powers raised his price target for PepsiCo to $131 from $120

$TMUS- T-Mobile (TMUS) launched T-Mobile MONEY nationwide, a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. With T-Mobile MONEY, eligible Un-carrier customers can earn a 4.00% Annual Percentage Yield on balances up to $3,000 and 1.00 APY% on every dollar over that. With T-Mobile MONEY, there are no fees -- no monthly, overdraft or transfer fees, no fees at over 55,000 in-network Allpoint ATMs worldwide and no fees from T-Mobile for using out-of-network ATMs

$SBUX-Oppenheimer analyst Brian Bittner raised his price target for Starbucks to $81 from $72 on valuation as he remains confident in drivers behind healthy same-store sales. 

$LULU- Analyst day to be held in New York on April 24 at 9:30am.

$BA- Boeing is making "steady progress" on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight

Market is close tomorrow!

Expecting red to go green today... Keep an eye on Vix... don’t overtrade! Email me if you didn’t already regarding Green Goose if you want to hear more about it! Have a great day everyone! 

 

OP Wire 4/17

$UNH- SunTrust analyst David MacDonald lowered his price target on UnitedHealth to $300 to reflect the compression in market multiples but also keeps his Buy rating on the company after the company's Q1 results.

$COST- Oppenheimer analyst Rupesh Parikh raised his price target for Costco (COST) to $270 from $245 after spending time visiting senior management.

$PYPL- Barclays analyst Ramsey El-Assal raised his price target for PayPal to $125 from $117 and reiterates an Overweight rating.

$NFLX- JPM raises NFLX PT to $450 
-Canaccord analyst Michael Graham maintained a Buy rating and $415 price target.

$BAC- BMO Capital analyst James Fotheringham raised his price target on Bank of America (BAC) to $37

QCOM- Canaccord analyst T. Michael Walkley reiterated a Buy rating on Qualcomm (QCOM) and increased his price target to $89 from $75
-JPMorgan analyst Samik Chatterjee upgraded Qualcomm (QCOM) to Overweight from Neutral and raised his price target for the shares to $88 from $54.

$SHAK- Downgraded by Longbow

Hey OP! 
Today I will look into getting some AAPL Oct Calls for an alert play. Will be eyeing the AAPL Oct $215 Calls 
Still riding yesterday’s OP Wire plays of AMD Calls and WMT calls. NIO Chat play (Jan Calls) looks great this morning. Let’s see how the EA chat play moves today (Calls)
Have a great day OP!

OP Wire 4/16

$GPN- SunTrust analyst Andrew Jeffrey raised his price target on Global Payments to $155

$NFLX- Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $400 

$CGC- Canopy Growth announced that it has completed an all-cash acquisition of Spain-based licensed cannabis producer Canamo y Fibras Naturales.

$FB- Facebook will end peer-to-peer Messenger payments in France and the UK on June 15 signaling the company may shift to its own cryptocurrency

$TSM- TSMC announced its 6-nanometer process, which it says provides a "significant enhancement of its industry-leading N7 technology and offers customers a highly competitive performance-to-cost advantage.

$SNAP- Snap (SNAP) has had a $68M average monthly cash burn since going public in 2017 and may potentially run out of cash in three years unless it turns a profit, the Financial Times' Elaine Moore reports, citing sources.

$CSCO- Goldman Sachs analyst Rod Hall removed Cisco Systems from his firm's Americas Conviction List but maintains a Buy rating on the shares. He also raised his price target for the stock to $62 from $58

$MU- Nomura Instinet analyst David Wong started Micron Technology with a Neutral rating and $45 price target.

NFLX reports today after the bell- anyone that happened to be in OP chat yesterday saw my play (NFLX Calls) and I’ll look to close them today EXCEPT a couple contracts to hold over the ER as a lotto play (will only hold what I’m up so I won’t be risking principle on the gamble)

Gonna continue to ride the plays from yesterday’s OP Wire (WMT, AMD, and SBUX) as they are looking great today!

I bought a Jan $7 position in NIO yesterday too.

I’ll be working on the new short term watchlist for release soon! 

Hope y’all have a great day! 

4/15 OP Wire

-Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C) will be the market focus on Monday as both banks report first-quarter earnings ahead of the open. They'll be followed by Bank of America (NYSE:BAC) on Tuesday and Morgan Stanley (NYSE:MS) on Wednesday.
JPMorgan (NYSE:JPM) set the bar high on Friday with record revenue and profit in the first quarter, setting a positive tone for the earnings season.

-Oil ministers from OPEC, Russia and other major exporting countries will meet in Vienna on Wednesday and Thursday to decide on production policy for the next six months. Reports suggest the group will put off a concrete decision on whether to extend an agreement on output restraint that has been a major factor behind oil's rally so far this year. Saudi Arabia has argued that an extension is still necessary, while Russia, in particular, has signalled that it doesn't agree.

$CVS- Oppenheimer analyst Michael Wiederhorn downgraded CVS Health to Perform

$BIDU- Downgraded

$CLVS- SunTrust analyst Peter Lawson lowered his price target on Clovis to $28 after the company announced that it was discontinuing Phase 2 ATLAS trial of monotherapy PARP inhibitor rucaparib in urothelial bladder cancer.
H.C. Wainwright analyst Edward White lowered his price target for Clovis Oncology to $37 from $39

$BAC- Unusual call flow in option market Friday

$BABA-Barclays analyst Gregory Zhao raised his price target for Alibaba Group Holding to $220 from $200

$NFLX-SunTrust analyst Matthew Thornton kept his Buy rating and $402 price target on Netflix ahead of its earnings tomorrow, saying his proprietary tracker for subscriber adds indicates Q1 coming in-line domestically with a modest upside internationally.

I’ll be looking to play calls on a few of these today for scalp/swing trades:
$WMT
$NFLX
$MU
$AMD
$MSFT

Looking to put scalp
$WYNN
$DIS
$AAPL

Have a great day OP!

$DIS- They knocked it out if the park!
During an investor event at the company's California headquarters, Disney's (DIS) Bob Iger elaborated on the upcoming release of Disney+, saying the company plans to offer the product on Apple (AAPL) TV, according to Mikey Campbellof Appleinsider. At the conference, Disney mentioned deals with Roku (ROKU) and Sony (SNE) that will deliver Disney+ to set-top boxes, smart TVs and PlayStation devices, but did not present a complete list of platforms that will support the Disney+ app. Iger clarified the issue in the interview. "The app will in all likelihood be available through traditional app distributors, Apple being one of them," Iger said. "So I'm fairly certain that if people want to buy the app - sorry, subscribe to the app is probably a better way to put it - they'll be able to do so through Apple and the iTunes Store.
UBS analyst John Hodulik kept his Buy rating and $128 price target on Disney, saying its investor day presentation left him with "increased confidence in the outlook for Disney's direct-to-consumer pivot." Hodulik says the management's forecast of 60M-90M Disney+ subscribers by FY24 was above his forecast of 50M, which he adds was already perceived as aggressive by "many investors". The analyst further notes that Disney's expectations of profitability for Disney+ by FY24 is also two years sooner than he anticipated.
JPMorgan analyst Alexia Quadrani reinstated coverage of Disney with an Overweight rating and $137 price target.

$CGC-Canopy Growth Corporation (CGC) will replace Goldcorp Inc. (GG) in the S&P/TSX 60 Index effective prior to the open of trading on Thursday, April 18

$SWKS/AAPL- Mizuho analyst Vijay Rakesh raised his price target for Broadcom (AVGO) to $335 from $305 after taking a look at the handset landscape ahead of the March quarter results. 

My son has an event so I’m sending this out earlier than normal. 
BA, DIS, AAPL, ALT, and WMT are the plays I like today if things continue here Pre-Market. 
The Watchlist plays are just stacking so many gains it’s silly.... keep stacking!
Will see you all on chat later today. Cheers 

OP Wire 4/11

-No fewer than six senior Fed officials are due to speak Thursday, with Richard Clarida, John Williams and James Bullard all speaking within 10 minutes of each other, starting at 9:30 AM.

-Initial jobless claims and March producer price inflation figures at 8:30 AM

$SBUX- Increased call flow yesterday - expecting it to continue its run!

$AAPL- JPMorgan analyst Samik Chatterjee says his iPhone supplier tracker improved in March. Aggregate iPhone revenues returned to growth in the month of March, "supporting recent anecdotal evidence of bottoming out of headwinds," Chatterjee tells investors in a research note. Month-over-month, aggregate revenues rose by 34% in March, following four months of sequential declines.

$X- BofA Merrill Lynch analyst Timna Tanners double downgraded U.S. Steel, to Underperform from Buy

$LYFT- HSBC analyst Masha Kahn started Lyft (LYFT) with a Hold rating and $60 price target

$GOOG- Announced Google Cloud for Retail, a platform with tools to help retailers with hosting. I like long Calls here 

$WTW-JPMorgan analyst Christina Brathwaite lowered her estimates on WW saying daily active user data in the U.S. has tracked even worse than her bearish expectations. Jan $15 Puts may be in order here

$BA- Boeing and U.S. aviation regulators will looking for what amounts to an international stamp of approval on its 737 Max fix.

$DIS- Disney (DIS) is readying to launch a service called Disney+ that will stream new and old shows built around its franchises in an effort to compete with Netflix-Tonight at 5pm EST. the event begins (DIS Investors Conference). Expecting a rise today and we shall see what the reaction is after tonight’s event. If it’s well received then we may see $120 

$AMZN/$MSFT- U.S. Defense Department spokeswoman Elissa Smith has confirmed that Amazon (AMZN) and Microsoft (MSFT) have been selected as the final bidders for the Joint Enterprise Defense Infrastructure Cloud contract that may be valued around $10B

Might enter an AAPL play near open today for Alert play. Will be eyeing a June play if I do. 
Riding DIS as I continue to sell rips and buy dips. In SBUX from yesterday and will continue to hold.
Have a great day OP!

 

 

OP Wire 4/10

Traders will focus on the release of the minutes from the Federal Reserve's last meeting, due at 2:00PM ET for further insight into the outlook for monetary policy.

-Commerce Department will publish March inflation figures at 8:30AM ET 

-U.S. Energy Information Administration will release its official weekly oil supplies report for the week ended April 5 at 10:30AM ET

-The European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%

$NKE/$FL-Citi analyst Paul Lejuez assumed coverage of Foot Locker (FL) from Kate McShane and downgraded the shares to Neutral from Buy

$UA- Citi analyst Paul Lejuez assumed coverage of Under Armour (UAA) from Kate McShane and upgraded the shares to Buy from Neutral

$BIDU- Oppenheimer analyst Jason Helfstein downgraded Baidu to Perform from Outperform

$BA- JPMorgan analyst Seth Seifman lowered his price target for Boeing to $430 from $450

$GOLD- Deutsche Bank analyst Chris Terry upgraded Barrick Gold to Buy from Hold and raised his price target for the shares to $15 from $12.75

$AAPL- HSBC analyst Erwan Rambourg downgraded Apple (AAPL) to Reduce from Hold while raising his price target for the shares to $180 from $160

Volume analysis saved the day yet again!
As I noticed volume slowing I took my foot off the pedal and took gains in AAPL. Glad I did cause the drop and downgrade after we saw $202.50 could have caused a loss.
Stack Your Gains and good things happen :)
Will be playing DIS again today. Chat has been great so come check it out on your break or lunch to develop trade ideas or celebrate your recent wins!
Watchlist plays can still be replayed on dips as things continue to look positive. Have a great day OP!

 

OP Wire 4/9

$EA- SunTrust analyst Matthew Thornton kept his Buy rating and $107 price target on Electronic Arts, saying his latest survey data contained positive findings for Apex Legends in relation to user spending intentions and spending per player

$FB- Morgan Stanley analyst Brian Nowak said he is bullish on Instagram's commerce opportunity, which he believes could add $4B or more

$DIS- Citi analyst Jason Bazinet raised his price target for Disney to $132 from $126 and keeps a Buy rating on the shares. 

$BA- China Aircraft Leasing Group has denied a report from the South China Morning Post that it has put an order for 100 Boeing 737 Max jets on hold.

$GPRO- Longbow analyst Nikolay Todorov raised his first half sales and EPS forecasts for GoPro.

$WYNN- Deutsche Bank analyst Carlo Santarelli raised his price target for Wynn Resorts to $155 from $145 and keeps a Buy rating.

Going to continue to ride DIS today. 
Chat play was WYNN Puts and will likely close them for a win this morning or sell at my entry if it doesn’t hit my target. 
Watchlist plays are still paying-they can be enjoyed many times over as long as you follow your rules!
Will be looking to get into a new alert play by close today. Undecided what it will be at the moment. 
Take advantage of the courses we offer... Tracks Course teachings led to a huge gain play in NVDA yesterday- one play covers the cost and you have the education in perpetuity so email me and take advantage today (they are on demand) steve@optionsplayers.com 
Have a great day OP!

April 8 OP Wire

$T- AT&T (T) subsidiary Warner Bros' "Shazam!" easily won the weekend box office with $53.5M from 4,217 theaters. 

$JNJ- Johnson & Johnson won the latest trial over claims its baby powder can cause cancer, as a jury in Long Beach, California, rejected a lawsuit.

$BA/$AAL- American Airlines (AAL) said it will extend cancellations of 90 flights a day through June 5 because of the grounding of Boeing (BA) 737 Max aircraft, according to Reuters-Boeing to cut 737 production rate to 42 airplanes per month from 52 per month

$SNAP- RBC Capital analyst Mark Mahaney upgraded Snap to Outperform from Sector Perform and raised his price target for the shares to $17 from $10.

$ROKU- Citi downgrades Roku to Sell with $50 target after 110% year-to-date rally  Citi analyst Mark May downgraded Roku to Sell from Neutral and lowered his price target for the shares to $50 from $53. 

Gonna sell the AAPL and AMD Puts I bought (chat plays from Friday) soon after open. 
Will continue to hold the DIS play.
Will probably wait to enter new alert play until Tuesday. Have a great day OP!

OP Wire 4/5

-Employment numbers for March out at 8:30 AM ET
Nonfarm Payrolls Forecast to Bounce Back to 175,000 (expectation)

-Negotiations over trade continue between the U.S. and China drag on, with President Donald Trump still unable to announce a date for a summit with his Chinese counterpart Xi Jinping to sign an agreement.

$SNAP- Snap upgraded to Hold from Sell at Summit Insights

$NIO- Unusual Call Options flow yesterday (bullish)

$XPO- Oppenheimer analyst Scott Schneeberger maintains an Outperform rating.

$MSFT- Oppenheimer analyst Tim Horan says he continues to believe Microsoft (MSFT) is well positioned for digital transformations

$NKE- Nike remains top pick for the year, says Oppenheimer

$INTC- Wells Fargo downgrades Intel to Market Perform after 19% year-to-date rally

Great week OP! I’ll be riding the alert play and watchlist plays. Not going to get aggressive today as I have almost hit three weeks quota in these last 4 trading days. No need to force trades. 
Have a great day OP!

 

OP Wire 4/4

📣U.S. President Donald Trump will meet China’s top trade negotiator, vice-premier Liu He, in Washington, in what some see as proof that the two countries are within the vicinity of a trade agreement. Let’s see what tweets come out from this.

$VIX-The CBOE Volatility Index (VIX), the SPX option derived measure of implied volatility, lifted 0.38 yesterday to close at 13.74, and the underlying SPX index gained 6.16 to close at $2873.40, a 0.21% increase.

$BA- As expected, details emerging from crash investigation- Boeing software re-engaged prior to Ethiopian Airlines crash, Reuters says  Boeing anti-stall software on a Ethiopian Airlines jet that ultimately crashed re-engaged and pushed the aircraft downwards after the pilots initially shut it off due to suspect data from an airflow sensor.
“Despite their hard work and full compliance with the emergency procedures, it was very unfortunate that they could not recover the airplane from the persistence of nose diving”

$NIO- BofA/Merrill analyst Ming Hsun Lee upgraded NIO Inc. to Neutral from -Underperform with a price target of $6.20.
-Citi analyst Jeff Chung upgraded NIO Inc. to Buy from Neutral while lowering his price target for the shares to $6.80 from $7.20.
-A far cry from the $10-$15 that folks were calling for weeks ago but it may be able to get $7-$8 back.

$TSLA- Deliveries were approximately 63,000 vehicles, which was 31% less than last quarter and 21% less than analysts expected. As the competition heats up TSLA is failing- not good

$DIS- Disney's (DIS) "Avengers: Endgame" is AMC's new U.S. first-day presale record holder, exceeding the company's previous first-day ticket-sales record holder, Disney's "Star Wars: The Force Awakens," by approximately 50%. That’s amazing!

$LYFT- Carl Icahn sold his approximately 2.7% interest in Lyft ahead of the company's IPO last week- Options become available today!

$AAPL- Apple's Beats by Dr. Dre has introduced Powerbeats Pro, which it calls "completely wireless earphones that deliver powerful sound for the world's most passionate music lovers and motivated athletes." The "high-performance earphones" feature up to 9 hours of listening time, sweat & water resistance, and adjustable, secure-fit earhooks, according to Beats' press release. These things are NICE!

Today I’ll be riding the TSLA Puts (honorable mention in Long Watchlist and was a chat play yesterday)
Still in DIS and SBUX - looking for more out of those today too. 
Earnings Course with Chat/Plays starts today. If you are interested please email me - this will be the last one if the year so don’t miss it!
Have a great day OP!

 

 

 

OP Wire 4/3

-The CBOE Volatility Index (VIX), the SPX option derived measure of implied volatility, was little changed Tuesday at 13.36, while the underlying SPX index was little changed at 2867.24.543,580 VIX option contracts traded, 0.9929x the typical daily volume for the product. Calls made up 74.7% of the volume yesterday.

-Negotiators for U.S. and China have resolved the majority of the issues in the trade dispute but continue to debate the details on the implementation and enforcement of the trade deal, Financial Times' James Politi and Lucy Hornby report, citing people familiar with discussions. The report states that the agreement is "within reach".

$SNAP- Snapchat is testing out features that would allow users to share their location with detail about their activity. 🤔

$LULU- DA Davidson analyst John Morris warns that he sees "cautious signs ahead" for Lululemon as part of his broader research note called Davidson Datamining, which utilizes big data in tracking pricing and gross margins on Apparel Brands to make actionable stock calls and plays.

$F- Ford intends to bring a electric Transit commercial van to Europe’s market by 2021.

$FB- Facebook CEO Mark Zuckerberg said he cant guarantee that the social media giant can stop its platforms from being used by malicious actors aiming to influence the outcome of European elections next month.

$NVDA- Nomura Instinet analyst David Wong started Nvidia with a Neutral rating & $147 price target.

$INTC- Nomura Instinet analyst David Wong started Intel with a Buy rating & $65 price target.
-MKM Partners analyst Ruben Roy kept his Buy rating and $58 price target on Intel after the company's "innovation day" 
-Intel has promised to launch its first discrete (standalone) GPU in 2020. Taking on Nvidia and AMD in this field; battling Nvidia in the high-end will be particularly tough, given its track record, the scope of its R&D investments and the size of its developer ecosystem. But as GPUs remain a popular choice (if not the only choice) for powering a number of popular and demanding computing workloads, it's safe to say that Intel has made its GPU efforts a company priority.

$SQ- Bernstein started Square with a Market Perform rating & $80 price target.

$AMD- Nomura Instinet analyst David Wong started AMD with a Buy rating & $33 price target.
-AMD to see sales rise significantly in 2H19, DigiTimes reports.

$BA- The U.S. Air Force has halted the acceptance of deliveries of Boeing's new refueling tanker planes for the second time in a month due to debris found in closed compartments.

$FB- Instagram change could yield additional $10B in sales.

$WMT/$GOOG- Tom Ward, SVP, Digital Operations, Walmart said in an earlier blog posting: "Beginning this month, customers can say, "Hey Google talk to Walmart" and the Google Assistant will add items directly to their Walmart Grocery cart.

$DIS- Rosenblatt analyst Mark Zgutowicz on Tuesday reinstated his coverage of Disney with a buy and $150 price target, citing compelling risk/reward.

$AAPL- Apple's News+ Service Is Reportedly Off to a Solid Start -- Tech Check
Apple's news and magazine subscription service reportedly amassed over 200,000 subscribers in its first 48 hours.

$MSFT- Microsoft's IoT Efforts Remain a Key Strength for Its Cloud Business-
Microsoft and BMW announced on Tuesday that they're launching (OMP), a tech framework meant to help manufacturers quickly deploy Internet of Things (IoT) hardware that integrates with Microsoft's Azure cloud platform. BMW, which already has over 3,000 "machines, robots and autonomous transport systems" on an IoT platform that's built on Azure, says it will "contribute relevant initial use cases" to OMP.

$CAT- Deutsche Bank analyst Chad Dillard downgraded Caterpillar to Hold from Buy.

$DAL- Imperial Capital analyst Michael Derchin raised his price target for Delta Air Lines (DAL) to $58 from $53 after the company provided Q1 guidance and announced a renewal of its credit card agreement with American Express.

$EA-Piper Jaffray analyst Michael Olson raised his price target for Electronic Arts to $114 from $111 and maintains as Overweight.

Saw a silly report stating that AAPL may not be able to produce the 5G iphones for 2020 - completely nonsense in my opinion but it has managed to drop PM from $194.90 to red here.... I’m guessing the open will be your best entry today and I’ll take a stab at it. 
Gonna ride $AMD, $DIS, and $SBUX today too. The Watchlist has been crushing it- let’s keep stacking gains!

 

OP Wire 4/2

The Commerce Department will release data on February durable goods orders at 8:30AM ET

$VIX (yesterday)The CBOE Volatility Index (VIX), the SPX option derived measure of implied volatility, fell 0.31 today to close at 13.40, while the underlying SPX index gained 32.79 to close at $2867.19, a 1.16% increase.

$ATVI-Activision Blizzard jumps after Wedbush Best Ideas List.

$BA- Boeing confirms that it intends to submit a proposed software upgrade for the grounded 737 MAX in "the coming weeks" after the planemaker had previously said it planned to deliver the fix for government approval by last week.
-Boeing has been awarded a $250M indefinite-delivery/indefinite-quantity contract for joint direct attack munition/laser joint direct attack munition, or JDAM/LJDAM, technical services, aircraft integration and sustainment

$LMT- Lockheed Martin has been being awarded a $2.46B modification to a previously-awarded contract for the production of terminal high altitude area defense, or THAAD, interceptors and associated one-shot devices to support the U.S. government.

$INTC- Intel Capital, Intel Corporation's global investment organization, announced at the Intel Capital Global Summit new investments totaling $117M in 14 disruptive technology startups.

$AMZN- Amazon and Whole Foods Market announce what they called "a third round of price cuts" to begin Wednesday, "offering new lower prices on fresh produce for all customers and expanded Prime benefits with more exclusive weekly deals on popular products across departments.

$BAC- Bank of America Corporation calls lead puts 3:1 as shares rally 3.5%. The stock up 95c to $28.55 in heavy trading of 71M shares amid renewed buying interest in financials Monday.

$TROV- Trovagene presented new data from its ongoing Phase 1b/2 study evaluating onvansertib in combination with standard-of-care chemotherapy in Acute Myeloid Leukemia.

$CLVS- Clovis Oncology upgraded by ValuEngine to hold.

$DIS- The Walt Disney Company’s 2019 Investor Day will be webcast live beginning at approximately 5:00 p.m. ET / 2:00 p.m. PT on Thursday, April 11, 2019.
-4-star analyst Mark Zgutowicz from Rosenblatt Securities maintained a Buy 

$FB- A more streamlined e-commerce experience on Instagram could add an incremental $10B of revenue in 2021 for Facebook, Deutsche Bank analyst Lloyd Walmsley tells investors

$LYFT- Cross Research analyst Steven Fox initiated Lyft with a Buy.
-Wedbush analyst Daniel Ives notes that "in a stunner," Lyft shares dropped below its IPO price of $72 in its second day of trading. The analyst believes this is a "major gut check time" for Lyft and the tech IPO world to see how this stock trades given it was the first one out of the box

Expecting a red open only to turn green.
Riding the AAPL and DIS Watchlist plays that I got into yesterday. 
Will look to enter new alert play today or possibly tomorrow. Have a great day OP!

 

OP Wire 4/1

-China's manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that stimulus injected into Asia's growth engine may be yielding results.

-The Chinese government said it will extend a suspension of retaliatory tariffs on U.S. autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week.
The moves signal China is trying to keep momentum in trade talks going as they enter what could be the final stretch before Trump and Xi are presented with a text to finalize or sign. Beijing is determined to prevent an escalation of the frictions that have hurt its economy and roiled markets, even as enforcement measures remain a sticking point in negotiations.

-Posted new OP Long Watchlist in site/app so go check it out if you haven’t already!

Riding the WMT play as things look to gap up. 

$DIS event coming so I expect more out of that one this week. 

$SBUX just keeps going up too... seems to want $78 bad.... let’s see if it can do it!

Michaels ER Strategies Course with Plays and chat start this week and will be his last offering of it this year so make sure you email me if you want to take it. It’s a great course for those that love to play ER plays but hate to get crushed😂😎

Have a great day OP!

OP Wire 3/29

LAST DAY OF THE QUARTER!
U.S. futures point to a higher open on Friday with the S&P on track for gains of more than 12% in the first three months of the year in what would be its best quarterly performance since 2009.

U.S. Treasury Secretary Steven Mnuchin said on Friday he had a "productive working dinner" last night in Beijing, kicking off a day of talks aimed at resolving the trade dispute between the world's two largest economies.
Mnuchin and U.S. Trade Representative Robert Lighthizer held meetings in Beijing Friday partly to ensure there were no discrepancies in the English and Chinese-language versions of the text, and also to balance the number of working visits to each capital.
Talks are scheduled to continue with Chinese Vice Premier Liu He in Washington next week. President Donald Trump's top economic advisor Larry Kudlow told reporters on Thursday that a deal could still take months to finalize. Let’s see what “news” comes out today. 

$LYFT- Starting Value of $24B in the first initial public offering (IPO) of a ride-hailing startup.
The company priced an increased 32.5 million shares at $72 per share, the top of its already-increased price range, indicating strong demand for the deal. The number is too high for my liking especially when it’s not making money😬

Housing numbers continue on Friday with the latest on new home sales out at 10:00 AM Est.
On average, economists predict that new home sales bounced back in February to rise 1.3% to an annual rate of 620,000, according to forecasts.

Before open, Bureau of Economic Analysis will report personal income and spending numbers at 8:30 AM ET. That report also comes with the Federal Reserve’s favorite inflation gauge, albeit from back in January. Personal income for February is forecast to have risen 0.3%, while spending- which will be reported for January - is expected to post a 0.3% rise as well.
PCE (inflation gauge) ,which excludes food and energy, is expected to have risen 0.2% in January, with the annual rate remaining at 1.9%.

The consumer will also be in focus as the University of Michigan issues its final measure of March consumer sentiment at 10:00 AM.

PMI, which gives investors insight into manufacturing in the Midwest, will come out at 9:45 AM ET.

$TSLA- J.P Morgan gets more bearish on Tesla's stock on concerns over Model 3 delivery delays

$BA- Investigators say Boeing 737 MAX stall-prevention feature activated in Ethiopian crash

$MSFT- JPM $125PT- this one keeps rolling - we have been on it since $111 last month with the OP Watchlist Play!

$MU- RBC with $50 PT

$NVDA- wants $180 

PYPL- Saw nice volume in the Sept and Oct $130 calls yesterday 

Today I’ll continue to ride SBUX and get back into DIS. Still in WMT and will look for AAPL to pop so I can play puts into close for a scalp. 
Yesterday was the first session for Gregs Course but don’t worry if you missed it- they are recorded so get in now if you want in!
Michaels ER Course starts next week! Don’t miss it- email me for details. 
Have a great day OP!

 

OP Wire 3/28

-The U.S. Commerce Department will release final figures on 4th Q growth at 8:30AM ET.

-A report on initial jobless claims is also due at 8:30AM ET (12:30 GMT), followed by the latest data on pending home sales at 10AM ET.

-Market players will also pay close attention to comments from a parade of Federal Reserve officials for insights into the outlook for monetary policy in the months ahead.

-U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing for a new round of talks with Chinese officials to work on a deal that would end a months-long trade war.
China has made  unprecedented proposals on a range of issues including forced technology transfer as the two sides work to overcome remaining obstacles, U.S. officials said ahead of the talks, U.S. officials said ahead of the talks.

$DIS- Having it’s investor day soon- https://www.thewaltdisneycompany.com/the-walt-disney-companys-2019-investor-day-webcast/

$LEN-Lennar stock price target raised to $57 from $52 at J.P. Morgan

$MSFT- Microsoft stock price target raised to $125 from $115 at J.P. Morgan

$PAYX- Paychex stock price target raised to $80 from $70 at Stifel Nicolaus

$LULU- Lululemon stock price target raised to $187 from $152 at Stifel Nicolaus

$LUV- Southwest Airlines stock price target cut to $55 from $58 at Cowen

$NFLX- Suntrust $402 PT BUY 

$PANW- Mizuho BUY $285 PT

$RL- Wells Fargo $150 PT Outperform 

$ROKU- $80 PT BUY Davidson

$SQ- $94 PT Outperform 

Today I’ll be looking to swing trade WMT and MSFT again.
DIS still remains strong PM and will continue to hold my position from yesterday along with SBUX. 
AAPL is a wait and see- no hurry here!
Gregs Course starts tonight- message me to get in if you haven’t taken it already. He even helps set you all up with alerts and your indicators so it’s a very popular course with proven results!

Have a great day OP!

OP Wire 3/28

-The U.S. Commerce Department will release final figures on 4th Q growth at 8:30AM ET.

-A report on initial jobless claims is also due at 8:30AM ET (12:30 GMT), followed by the latest data on pending home sales at 10AM ET.

-Market players will also pay close attention to comments from a parade of Federal Reserve officials for insights into the outlook for monetary policy in the months ahead.

-U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing for a new round of talks with Chinese officials to work on a deal that would end a months-long trade war.
China has made  unprecedented proposals on a range of issues including forced technology transfer as the two sides work to overcome remaining obstacles, U.S. officials said ahead of the talks, U.S. officials said ahead of the talks.

$DIS- Having it’s investor day soon- https://www.thewaltdisneycompany.com/the-walt-disney-companys-2019-investor-day-webcast/

$LEN-Lennar stock price target raised to $57 from $52 at J.P. Morgan

$MSFT- Microsoft stock price target raised to $125 from $115 at J.P. Morgan

$PAYX- Paychex stock price target raised to $80 from $70 at Stifel Nicolaus

$LULU- Lululemon stock price target raised to $187 from $152 at Stifel Nicolaus

$LUV- Southwest Airlines stock price target cut to $55 from $58 at Cowen

$NFLX- Suntrust $402 PT BUY 

$PANW- Mizuho BUY $285 PT

$RL- Wells Fargo $150 PT Outperform 

$ROKU- $80 PT BUY Davidson

$SQ- $94 PT Outperform 

Today I’ll be looking to swing trade WMT and MSFT again.
DIS still remains strong PM and will continue to hold my position from yesterday along with SBUX. 
AAPL is a wait and see- no hurry here!
Gregs Course starts tonight- message me to get in if you haven’t taken it already. He even helps set you all up with alerts and your indicators so it’s a very popular course with proven results!

Have a great day OP!

OP Wire 3/25

$BIIB- Biogen stock plummets 28% after company halts Alzheimer’s trials

$TSLA- Tesla stock falls as concerns over softer sales increase after NYT report
Cowen lowers PT to $180

$AAPL- Apple set to unveil streaming service today at 1pm EST at its event-will reportedly offer HBO, Showtime for $9.99 a month.
Apple's PT raised by BTIG Research to $220.00

$YETI- Jeffries issues $40 PT

Today I’ll be looking to enter AAPL Calls at open after the dip, WMT Calls, NVDA Calls, and CVS Calls...

Have a great day OP!

OP Wire 3/15

$TSLA-Tesla's stock falls 2.6% premarket, after Model Y unveiled late Thursday-Model Y crossover, with $47,000 price tag

$CVS- CVS Stock Set a New Low, but Chairman David Dorman and 3 Other Insiders Are Buying- we got in and out of this play in chat this week... may have more upside left to it.

$BIOS- BioScrip to merge with Option Care, which is owned by funds affiliated with Walgreens and Madison Dearborn

$ORCL- Oracle stock slides on outlook after once again riding stock buybacks to earnings beat

$AVGO- Broadcom stock jumps 5% after earnings come in higher than expected

$NVDA- Hallam initiates Hold at $165

$ROKU- Needham $85 PT

$V- Wedbush $162 PT

As mentioned yesterday, I’m bullish above $185 on AAPL and bearish below... today is Quad Witching so it will be an increased volume day. 
Have a great day OP!

OP Wire 2/6

During the SOU address, Trump said any agreement with Beijing "must include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs."
Senior U.S. and Chinese officials will starts more talks in Beijing next week to push for a deal on American intellectual property and avert a March 2 increase in U.S. tariffs on Chinese goods, two people familiar with the plans said.

On the ER front, General Motors reports before the bell. The Detroit-based automaker is expected to post earnings per share of $1.24 on revenue of $36.0 billion.
GM raised its profit guidance for 2018 last month and said its 2019 profit would grow thanks to the resilience of two of its largest markets, the U.S. and China.

Others reporting today include:
Eli Lilly, Spotify, Take-Two Interactive, Regeneron, Humana, Boston Scientific, Cummins, and Trivago, which are all set to report during premarket hours.

Chipotle Mexican Grill, GoPro, iRobot, Match Group, Zynga, FireEye, and Fortinet are among the major companies set to report earnings results AFTER market close.

I like our FEYE long Watchlist play as it’s been creeping up nicely since I posted it.

$SPOT- Spotify's stock drops after revenue rises less than expected, but MAUs beat

$GSK- GlaxoSmithKline profit soars, but outlook is soft

$TTWO- Take-Two Interactive Q3 EPs $1.57 vs 21 cents; FactSet consensus $2.80

$SNAP- Snap upgraded at Raymond James, stock up 25% after earnings

$SFLY- Misses on ER and CEO to step down

I plan to continue riding AAPL up to that $175.90 Resistance and if it can break that then we may see $182 shortly thereafter. 
Watching WMT and NVDA as well.

Have a great day OP!

OP Wire 2/5

President Trump will make his annual State Of the Union address to Congress at 9:00PM ET.

Numerous companies are expected to release earnings today in one of the last big waves of this earnings season.
Most of the focus will fall on Disney which reports after the close. The media giant is expected to report adjusted earnings per share of $1.54 on revenue of $15.07 billion, according to estimates.
Investors will be closely watching the results to see whether its growing efforts to take on Netflix in the streaming space are starting to pay off. Disney recently announced it will launch its direct-to-consumer streaming platform in September of 2019.
Other names releasing quarterly results today include, Viacom, Ralph Lauren, and Estee Lauder which are all set to report during premarket hours.

Joining Disney after the bell will be results from Snap, Electronic Arts, and Paycom.
Let’s see how DIS does... not in a play but curious...

$NASDAQ- Tech broke from Correction yesterday. Let’s see if they can make their way to the 200MA

$AMD- Abu Dhabi's Mubadala sells 34.9 million shares in U.S. chipmaker AMD

$GSK- GlaxoSmithKline and Merck KGaA to strike immunotherapy deal worth up to $4.23 billion. Lots of movement in this sector.... love my $ALT, $CLVS, and $FOLD plays for speculation positions as the race to acquire continues!

$CLX- Clorox stock price target raised to $159 from $150 at J.P. Morgan

$GOOG- Alphabet stock price target cut to $1,250 from $1,270 at J.P. Morgan 😂
Alphabet stock price target raised to $1,355 from $1,250 at Piper Jaffray
Alphabet stock price target cut to $1,340 from $1,450 at Susquehanna

$YELP- Goldman Saks starts with a buy at  $42 

Going to continue to ride the AAPL alert play towards $175.90 resistance. Could continue on to $182 if it cuts through that like a hot knife in butter so let’s see. Those that are not in the Jan 2020 alert play may elect to go with the April $180 Calls but must stick to normal stops cause anything can happen with trade negotiations ongoing. Scalping is also great (take the daytrade/scalping course we offer if you haven’t already).

The Swing Trade Course starts tonight. We have just 3 spots remaining! Email me to lock in your live offering position. You will be glad you did! Also comes with a $400 credit to be used in the future towards the Earnings Course that teaches you (and gives you) Michaels Earnings Plays!

Trades I’m in currently:
WMT Calls
AAPL Calls 
SPX Calls

OP Wire 12/27

-Jobless Claims-
Although the U.S. Department of Commerce's Bureau of Economic Analysis and Census Bureau will will not publish economic data during the ongoing partial government shutdown - meaning that November new homes sales data originally slated for Thursday will not be released.
Labor Department is still expected to publish weekly jobless claims at 8:30 AM ET.

**Update- Treasury yields extend decline after jobless claims
Initial jobless claims slip 1,000 to 216,000 before Christmas

-As the U.S. labor market showing strength, attention will likely focus on the Conference Board’s consumer confidence for December, due at 10:00 AM ET. Consensus is looking for the index to dip to 133.7 from the prior 135.7 in what would be its weakest reading in four months.

-China’s industrial profits fell for the first time since December 2015, according to data released on Thursday.
Trade tensions between Beijing and Washington have pressured manufacturing activity in the world’s second largest economy and economists expect factory output to suffer its first drop in years.
China and the U.S. have made plans for a face to face meeting January-Chinese commerce ministry said on Thursday as reported by Reuters. 

-Federal Reserve shouldn't raise rates again, White House adviser Peter Navarro said Friday. Earlier this week, the Fed penciled in two interest rate increases in 2019. "We think that's two too many," Navarro said, in an interview with Nikkei Asian Review.

$NKE- New $350 Hoop Sneakers coming soon!
“With a strong pipeline of new products and building digital competencies, we expect more to come and continue to see upside capacity to the outlook for revenue and gross margin into [the 2020 fiscal year],” wrote Stifel analysts.

$ROKU- Roku is Needham’s top pick for 2019, sending stock up 7%

$TEVA- Teva shares surge 5% on news of patent settlement with Neos over ADHD drug

$AMD- AMD may launch a new consumer graphics card at CES, WCCFTech says

$FDX- FedEx dropped from Best Ideas list at Stephens

Looking for today’s candle to see what the prognosis is on a reversal confirmation. Staying patient but also scalping what presents itself meantime. 
For those that are new to OP, our normal alerts include ticker, expiration, strike, and my cost as I make them. We have been patiently waiting for reversal to resume normal alerts. 
Have a great day everyone!

Price Targets 12/27

SPY High: 248.62, 250.54 Low: 240.08, 238.17

AAPL High: 158.45, 159.59 Low: 153.35, 152.21

NFLX High: 256.69, 259.81 Low: 242.74, 239.62

FB High: 135.48, 136.67 Low: 130.16, 128.97

AMZN High: 1495.33, 1510.38 Low: 1428.17, 1413.12

What is OP? 🤔
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With over 700 members worldwide enjoying our live chat, alerts, courses, contests and more! Please visit our Facebook and YouTube channels to see just what we do and how much our members enjoy Stacking Gains with us. 

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It’s easy to take advantage of the free trial. 
Simply enroll via our site www.optionsplayers.com to the monthly membership option. Once you have completed the PayPal process, email me here so I can immediately refund the $29.95. 
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Btw: as a member of OP, you get to take advantage of our .25 per option deal with Etrade. Ask me for more info once you join us! 
Cheers😊

Hope you enjoy your new trading family.

See you soon!

AAPL Deep in the money LEAPS

Example $108k 

$6,600 per contract (right or privilege to buy AAPL)

$108k will allow for 15 contracts with a few dollars to spare.
That’s 1500 shares (leverage)

Current share price is $157
Cost to just buy 1500 commons = $235,500

Option moves $.95 per $1 stock move 

ZERO theta

https://i.postimg.cc/FRK95sR2/AC260-ACB-889-D-4792-B8-A7-55-A4-C5-FD2643.jpg

Almost 2.5 leverage on same $ outlay

DITM -If AAPL is $171 by 2/3 (Earnings is 2/1) then approx gain is 21% or $22,680

https://i.postimg.cc/GtGv01Xn/856-B1804-AA3-A-44-EF-A70-C-9-FBE88-B52189.jpg

Commons (687 shares= $108k)
At $171 a share with your cost at $157 you would be up $9,618

DITM LEAPS win huge 

Hey OP!
Wanted to shoot this out about candlesticks to help you all while you determine what is going to be your best long entry for your favorite tickers that have recently taken a beating 😂🤗

Candlesticks represents one day’s worth of price data about a stock through four pieces of information: the opening price, the closing price, the high price, and the low price. 

The color of the central rectangle (called the real body) tells investors whether the opening price or the closing price was higher. A black or filled candlestick means the closing price for the period was less than the opening price; hence, it is bearish and indicates selling pressure. Meanwhile, a white or hollow candlestick means that the closing price was greater than the opening price. This is bullish and shows buying pressure. The lines at both ends of a candlestick are called shadows and they show the entire range of movement for the day, from low to high. The upper shadow shows the stock’s highest price for the day and the lower shadow shows the lowest price for the day.
Over time, groups of daily candlesticks fall into recognizable patterns with descriptive names like hammer, inverted hammer, bullish engulfing, and piercing line just to name just a few. 
Patterns form over a period of one to four weeks and are a source of valuable insight into a stock’s future price action. Before we delve into individual bullish candlestick patterns, note the following two principles:

👉Bullish reversal patterns should form within a downtrend. Otherwise, it’s not a bullish pattern, but a continuation.
👉Most bullish reversal patterns require bullish confirmation. In other words, they must be followed by an upside price move which can come as a long hollow candlestick or a gap up, and be accompanied by high trading volume. This confirmation should be observed within three days of the pattern.
We have been lacking confirmation with all the AAPL pops we have seen thus my reluctance to enter a new alert play. This has saved us a great deal of unnecessary losses :)

👉$$ The bullish reversal patterns can further be confirmed through other means of traditional technical analysis—like trend lines, momentum oscillators or volume indicators—to reaffirm buying pressure. There are great many candlestick patterns that indicate an opportunity to buy. We will focus on five bullish candlestick patterns that give the strongest reversal signal.

👉The Hammer or The Inverted Hammer-

🧐The Hammer-
https://i.postimg.cc/QM41cGDs/F66-E54-AA-9-EA2-4317-8-F9-B-1-B77-B040-FF59.jpg

A bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend. The body of the candle is short with a longer lower shadow which is a sign of sellers driving prices lower during the trading day only to be followed by strong buying pressure to end the session on a higher close. Before we jump in on the bullish reversal action, however, we MUST confirm the upward trend by watching it closely for the next FEW DAYS. The reversal must also be validated through the rise in the trading volume.

🧐The Inverted Hammer-
https://i.postimg.cc/Y0SPbwG3/B55601-A2-436-A-4-CC2-B302-756-EE393065-A.jpg

Forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price, followed by considerable selling pressure, which however wasn’t enough to bring the price down below its opening value. Again, bullish confirmation is required and it can come in the form of a long hollow candlestick or a gap up, accompanied by HEAVY TRADING VOLUME. 

🧐The Bullish Engulfing-
https://i.postimg.cc/kGV07mJ5/370-B352-C-3213-4-BAF-875-F-A74-B3-B145-E8-B.jpg

A two-candle reversal pattern. The second candle completely ‘engulfs’ the body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern, price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers. It is advisable to enter a long call when the price moves higher than the high of the second engulfing candle—in other words when the downtrend reversal is confirmed.

🧐The Piercing Line-
https://i.postimg.cc/9M2PWtcw/B276-F1-CC-0-B89-4240-AC4-B-6-FD2-EE0-E0959.jpg

Two-candle bullish reversal pattern, also occurring in downtrends. The first long black candle is followed by a white candle that opens lower than the previous close. Thereafter, the buying pressure pushes the price up halfway or more (preferably two-thirds of the way) into the real body of the black candle.

Below is a visual of a few of these on a multi month chart for more clarity. Hope this helps you all with your upcoming trades:)
https://i.postimg.cc/3Jxs82wq/7-A808775-C609-43-EC-B5-A6-3-D3-F9-D660-F4-F.jpg

In the near future, we will offer a course centered around volume price analysis 🤓

Hope y’all are enjoying your weekend!

 

OP Wire 12/4

$AAPL- HSBC analyst Erwan Rambourg last night downgraded his rating on Apple shares to Hold from Buy and cut his price target to $200 from $205

$SQ- Square stock price target cut to $95 from $100 at Stifel Nicolaus

$RH- RH stock price target raised to $180 from $150 at Stifel Nicolaus
RH stock price target raised to $180 from $155 at J.P. Morgan

$CRON- Cronos's stock jumps 12.5% premarket, after running up 11.2% on Monday after investment talks with Altria

$AZO- AutoZone's stock set to rally after earnings, same-store sales beat expectations

DG- Dollar General Q3 EPS $1.26 vs. 93 cents a year ago

$HD- HD Supply beats profit and sales expectations, lifts outlook

Track’s Charting and Indicators Course 
Price Targets 12/04:

SPY High: 280.26, 281.15  Low: 276.28, 275.39

AAPL High: 186.11, 187.58  Low: 179.54, 178.07

NFLX High: 292.20, 293.90  Low: 284.67, 282.98

Latest big wins:
$AAPL - $173 to $184.90
$WMT - $94-$99
$WYNN- $94-$121


I’m sure glad I waited for my confirmation before entering an aggressive AAPL play. Saved me a big loss.... still going to remain patient as they play with this thing one more time. Once they are finished they will run it back up and I will hammer it then. Patience and plan saves accounts!
As you see each quarter, one or two days of gains can make your month if you are managing appropriately the rest of the time!
Have a great day! 

Well folks, 
Here is how the Long Watchlist produced. Was sent out to YOU over the weekend so these figures are actually low as Monday provided much better entries!
CRUSHED IT AGAIN!!!! DID YOU PLAY? Are you ready to take advantage of your FREE TRIAL YET or are you not interested in gaining with us? Email me!

https://i.postimg.cc/rFQYH8vD/2-DFF1-F6-A-9-DE2-4401-9120-95-A1305-C809-F.jpg

https://i.postimg.cc/J0RPTgx3/3-A8-D5468-8-A0-F-4-DEF-9-D54-F8-EB43-F9674-A.jpg

https://i.postimg.cc/SxHV0jVx/461-C8-C9-C-E877-4474-80-B1-7595-ACBFEA81.jpg

https://i.postimg.cc/XqNkK5NQ/BA745934-CE6-A-4-B3-A-918-C-295-B07-EDB04-F.jpg

OP Wire 8/9

$STX-Seagate stock falls after Goldman downgrades to sell

$WEN- Wendy's stock price target raised to $19.50 from $18.00 at J.P. Morgan

$TIVO- TiVo stock price target cut to $18 from $30 at J.P. Morgan

$MYL- Mylan downgraded to outperform from strong buy at Raymond James-stock price target cut to $44 from $49 

$RAD- Rite Aid stock price target cut to $1.75 from $2.25 at Mizuho

$DIS- Walt Disney Co. shares declined after the company released a disappointing earnings report Tuesday afternoon, but turned around after Chief Executive Robert Iger laid out plans for Disney’s acquisition of 21st Century Fox assets and its coming Disney-branded streaming service.

$NCLH- Norwegian Cruise's stock driven higher by profit and revenue beat, raised outlook

$ADDYY- Adidas AG's net income more than doubled in the three months to June, after demand for merchandise from the soccer World Cup boosted sales growth in North America and China.

$ROKU- Shares of Roku Inc. are up 10.5% in premarket trading Thursday after the company reported better-than-expected results and announced the launch of a new ad-supported web channel. KeyBanc Capital Markets analyst Evan Wingren upped his price target on the stock to $67

Have a great day!!!

 

OP Wire 8/7

$TWLO- Twilio's stock rockets 16% premarket after Q2 results late Monday
Twilio stock price target raised to $75 from $60 at J.P. Morgan. Twilio stock price target raised to $85 from $66 at Monness Crespi Hardt

$SEAS- SeaWorld stock fair value estimate raised to $31 from $25 at Janney

$CROX- Crocs' stock slips after earnings and revenue beat, CFO resignation

$WTW- Weight Watchers stock price target raised to $120 from $105 at J.P. Morgan

$CAT- Caterpillar stock price target cut to $168 from $174 at Stifel Nicolaus

$RAD- Rite Aid stock sinks after drugstore chain warns of losses related to generics’ strength

Have a great day OP!

OP Wire 7/16

$ROKU- Roku moves beyond dongles, launches wireless speaker package with voice remote

$ARNC- Arconic shares surge 12% in premarket trade

$NFLX- ER Today!
Netflix stock downgraded to underperform at Buckingham Research ahead of earnings.
Netflix earnings will be all about subscriber additions, especially overseas.
Feels like they wanted this as low as possible going in to ER🤔

$C- Citigroup stock price target raised to $91 from $89 at Oppenheimer

$AMD- AMD's stock rallies after Stifel analyst boosts price target

$BAC- Bank of America profit climbs 33% to top estimates

$ORLY- O'Reilly Automotive stock price target raised to $274 from $246 at Credit Suisse

$BLK- BlackRock profit and revenue rise above expectations, boosted by fee growth and lower taxes

XLM.X moved up 20% from my alert Friday (for all you crypto traders)

I plan to update the short watchlist tonight so stay tuned 🤑

Have a great day!

OP Wire 7/13 (Friday the 13th😱👻)

Today’s OP Watch Play:

$QQQ- Broke out and relatively low RSI here. 

https://s15.postimg.cc/8zzt94a4b/C5_A12550-455_E-4_D61-_BF62-2_E1_F7_A68510_E.jpg

https://s15.postimg.cc/i7s1purh7/5_DAF1_C0_D-_F446-4581-_A5_EF-4_F3_B6_FBCA0_C4.jpg

Good luck!

$NFLX-MKM Partners analyst Rob Sanderson reiterated Netflix Inc.'s his buy rating and $390 stock price target, but either the rating or target is likely to change after the streaming video service reports second-quarter results after Monday's close.

https://s15.postimg.cc/ntegtsa4r/A2_E1_BF73-_BA92-4937-_BADC-42_FDD5698690.jpg

Netflix earnings will be all about subscriber additions, especially overseas

$DAL- Delta Air stock price target cut to $95 from $100 at Stifel Nicolaus

$TSLA- Tesla Inc. has hit a key threshold for deliveries that mean the $7,500 federal electric vehicle tax credit for new owners is about to start being phased out.

$JPM- JPMorgan profit up 18% to top estimates.

$AAPL- Apple Inc. said it would launch a $300 million clean-energy fund for China with 10 of its suppliers, extending the U.S. tech giant’s commitment to China at a time of mounting trade tension between its home country and its most important overseas market.

$FB- Securities regulators are investigating whether Facebook Inc. adequately warned investors that developers and other third parties may have obtained users’ data without their permission or in violation of Facebook’s policies, people familiar with the matter said.

Yesterday’s AVTI play from OP Wire CRUSHED it ending over 3% higher at close than the opening price. It was the best performance of all my tickers on my watchlist! Congrats to those that played it. 

FEYE alert play is chugging along (up over 40% here and I’m still holding!

So far, we locked in 18% gains this week but if FEYE runs hard again today I may take it down. 

Have a great trading day folks!

 

OP Wire 7/12-

Thursday's calendar features the biggest economic data point of the week.

The Commerce Department will publish June inflation figures at 8:30AM ET, which should lend further support to the notion that inflation has returned to the Fed’s target.

Consumer prices are expected to have risen 0.2% last month and 2.9% over the prior year, according to estimates.

Excluding the cost of food and fuel, core inflation is projected to climb 2.3% on a year-over-year basis.

Data released Wednesday showed the biggest annual increase in 6-1/2 years in June U.S. producer prices, thanks to gains in the cost of services and motor vehicles.

The data reinforced expectations for two additional rate hikes by the Fed this year.

 

OP Wire Watch Play:

https://s15.postimg.cc/ic2v2zlyz/3_AB156_A6-5356-4749-84_AE-0278_DE5171_E9.jpg

 

https://s15.postimg.cc/zclrbo6q3/F96_AB754-_E255-4_AA4-8_FF7-6_C438774_CCF6.jpg

 

$NFLX- Netflix downgraded to neutral vs. buy at UBS

 

$COP- ConcoPhillips said Thursday it is increasing its 2018 share buyback program to $3 billion from $2 billion. At the same time, the company's board has approved an additional $9 billion to its overall buyback authorization, increasing it to $15 billion

 

$TWTR-Shares of Twitter Inc. rallied 2% in premarket trade Thursday, bouncing from a 6% slide suffered over the previous three sessions amid concerns over how the clearing out of millions of fake accounts would affect user numbers. 

 

$COST- Costco stock price target raised to $227 from $212 at J.P. Morgan

 

$DAL- Delta Air Lines Inc. said Thursday it had net income of $1.025 billion, or $1.47 a share, in the second quarter, down from $1.19 billion, or $1.62 a share, in the year-earlier period. Adjusted per-share earnings came to $1.77, ahead of the FactSet consensus of $1.72

 

$BABA- Gabelli & Co. analyst Brett Harriss downgraded shares of Altaba Inc. to hold from buy on Wednesday, in reaction to the company's recent announcement that it would sell 33% of its stake in Yahoo Japan to Softbank Group 

 

$PEP- PepsiCo stock price target raised to $127 at Morgan Stanley

 

$ETSY- Etsy stock price target raised to $36 at Morgan Stanley

 

$MYGN- Myriad Genetics upgraded to overweight at Morgan Stanley

 

Have a great day OP!

 

OP Wire 7/11

$NFLX-Stifel raises Netflix price target to $406 from $345

$AAL- American Airlines' stock drops 2.1% premarket after Q2 update

$PYPL- Susquehanna Financial Group analyst James Friedman raised his price target on shares of PayPal Holdings Inc. to $105 from $93 on Wednesday.

$TSLA- Tesla to build factory in Shanghai as auto makers push for new arrangements in China

$PEP- PepsiCo stock price target raised to $128 from $115 at J.P. Morgan

$AGN- Allergan stock price target cut to $245 from $265 at J.P. Morgan

$CSX- CSX stock price target raised to $75 from $65 at J.P. Morgan

$DE- Deere stock price target cut to $154 from $170 at J.P. Morgan

Trade plan to watch- 
https://s15.postimg.cc/4abppyhez/87_B93381-411_B-4235-_B331-344_D54672872.jpg

Have a great day OP!

OP Wire 6/29

$NKE- Nike stock price target raised to $85 from $74 at Instinet
Nike stock price target raised to $85 from $75 at Raymond James
Nike stock price target raised to $73 from $62 at Canaccord Genuity Nike stock price target raised to $90 from $87 at Stifel Nicolaus
Nike stock price target raised to $76 from $70 at J.P. Morgan

$AVGO/ $NVDA- Shares of Nvidia Corp. and Broadcom Inc. are up 1% and 0.5%, respectively, in premarket trading after Bernstein analyst Stacy Rasgon reiterated his bullish ratings on the two stocks

$CELG- Celgene, Acceleron shares rise on positive late-stage trial results

$WBA- Walgreens stock price target cut to $66 from $70 at SunTrust RH
Walgreens stock price target cut to $83 from $90 at J.P. Morgan

$CMG- Chipotle stock price target raised to $490 from $410 at SunTrust RH

$NVS-Novartis plans $5 bln buyback, Alcon spinoff

Have a great day OP!

OP Wire 6/28

First-quarter GDP marked down to 2% from 2.2%

$TMUS- Shares of T-Mobile US Inc. are up 0.5% in premarket trading after Wells Fargo analyst Jennifer Frizsche upgraded the stock to outperform from market perform. "While we still believe this deal will by no means be a layup, recent conversations with some of our DC contacts

$GILD- Gilead Sciences started at strong buy with $93 stock price target at Raymond James

$CBS- CBS started at outperform with $71 stock price target at Imperial Capital

$DIS- Walt Disney started at in line with $108 stock price target at Imperial Capital

$SQ- Square stock price target raised to $66 from $45 at SunTrust RH

$MSG- Madison Square Garden stock up 9% premarket

$WBA- Walgreens boosts quarterly dividend 10%, sets $10 bln stock repurchase program

Still staying patient with the market conditions here. Have a great day!

OP Wire 6/27

Trump decides to use updated law to restrict Chinese investment, drops executive action option

U.S. trade deficit in goods narrows unexpectedly in May

Biggest drop in new orders for autos since 2015 drags down durable goods in May

$PAYX- Paychex Q4 EPS 63 cents vs. 54 cents a year ago

$BIDU- Shares of Baidu Corp. are up 1.1% in premarket trading after the company announced that its board has authorized a share repurchase program of up to $1 billion over the next year. Baidu said in a release that it would fund these repurchases using its existing cash

$AAPL- Amit Daryanani of RBC Capital Markets wrote Monday that a combination of Apple’s AAPL, +0.35%  original-video efforts and its Apple Music service could lead to between $10 billion and $12 billion in annual revenue three years from now. Music and video could also contribute between 25 cents and 75 cents to the company’s earnings per share

$PF- Pinnacle Foods' stock falls 3.5% premarket after deal to be acquired by Conagra

$AMZN- Amazon Prime members will now get access to weekly deals and 10% off sale items at all Whole Food markets The post Your Amazon Prime membership now scores you discounts at every Whole Foods store nationwide

$FB/$ETH/$BTC- Facebook Inc will once again allow advertisements that involve cryptocurrencies such as Bitcoin and Ethereum

$HTZ- Hertz's stock tumbles 11% after Morgan Stanley reiterates underweight rating

$CAR- Avis Budget's stock plunges 9.9% toward 7-mo. low after Morgan Stanley resumes coverage at underweight

$MU- Shares of Micron Technology Inc. are up 1.7% in Tuesday trading after UBS analyst Timothy Arcuri upgraded the stock to neutral from sell. "Major producers are taking a more anticipatory approach to DRAM [dynamic random-access memory] bit supply - averting the downside

Make sure you pop into chat from time to time as great live Trade ideas are posted there daily. We also have some of the best courses around so email me if you need a Course list. 
Have a great day OP!

OP Wire 6/26

Today’s Upgrades-

    •    MercadoLibre (MELI) upgraded by KeyBanc from Sector Weight to Overweight
    •    Wyndham Hotels & Resorts (WH) upgraded by Goldman Sachs from Buy to Conviction Buy
    •    Kinder Morgan (KMI) upgraded by Bernstein from Market Perform to Outperform
    •    At Home Group (HOME) upgraded by Morgan Stanley from Equal Weight to Overweight
    •    Lam Research (LRCX) upgraded by UBS from Neutral to Buy
    •    Micron (MU) upgraded by UBS from Sell to Neutral
    •    CenturyLink (CTL) upgraded by Jefferies from Hold to Buy

Downgrades-

    •    MGM Resorts (MGM) downgraded by Goldman Sachs from Conviction Buy to Neutral
    •    Tata Motors (TTM) downgraded by BNP Paribas from Hold to Reduce
    •    Liberty SiriusXM (LSXMA) downgraded by Barclays from Overweight to Equal Weight
    •    SiriusXM (SIRI) downgraded by Barclays from Equal Weight to Underweight
    •    TJX (TJX) downgraded by Atlantic Equities from Overweight to Neutral
    •    LendingTree (TREE) downgraded by Compass Point from Buy to Neutral
    •    Southern Company (SO) downgraded by Deutsche Bank from Buy to Hold
    •    AMC Networks (AMCX) downgraded by Goldman Sachs from Buy to Neutral
    •    Intel (INTC) downgraded by Bernstein from Market Perform to Underperform
    •    Square (SQ) downgraded by Stephens from Overweight to Equal Weight
    •    Ameris Bancorp (ABCB) downgraded by SunTrust from Buy to Hold
    •    United Community Banks (UCBI) downgraded by SunTrust from Buy to Hold

OP Wire 6/26

$NVDA- Nvidia stock gains after Benchmark starts coverage with buy rating-$280 stock price target 

$AKAM- Akamai Technologies stock slides after company narrows guidance

$DISCA- Discovery started at outperform with $32 stock price target at Imperial Capital

$INTC- Shares of Intel Corp. are down 1.9% in premarket trading after Bernstein analyst Stacy Rasgon downgraded the stock to underperform from market perform

$AMD- Advanced Micro Devices started at hold at Benchmark

$NFLX- Netflix stock up 1.7% premarket as Imperial Capital initiates coverage at outperform

$CCL- Carnival stock price target cut to $79 vs. $86 at SunTrust Robinson Humphrey

$KHC/$CPB- Campbell Soup Co. shares jumped 9% in Monday trading after reports that Kraft Heinz Co. is interested in a takeover, but analysts don’t think a deal will take place

$GWPH-The Food and Drug Administration approved the U.S.’s first cannabis-derived drug on Monday, in a move that may make the path to approval clearer for other companies working in the space.
The drug, GW Pharmaceuticals’ epidiolex, is intended for seizures associated with two rare types of childhood epilepsy, Lennox-Gastaut syndrome and Dravet syndrome.

$GE- GE to maintain dividend for now, stock surges on first day ex-Dow

Have a great day OP!

OP Wire 6/21

$HRTX- Heron Therapeutics shares surge 33% after positive FDA response to pain treatment.

$TWTR/$SQ- Twitter short sellers double down, as Square shorts run for cover.
Square stock gains after Instinet raises target on restaurant-business opportunities.

$KR- Kroger shares soar 8.7% after earnings beat expectations and tweaks guidance

$AMD- AMD crypto concerns persist among analysts, amid stock’s big rally.

$T- AT&T to receive $1.1 billion in deal with Brookfield Infrastructure

$DRI- Darden Restaurants shares extend gains, now up 8.3% premarket

$MU- Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron reports adjusted earnings of $3.15 a share on sales of $7.8 billion. Buybacks should propel this higher from here 

$MSFT- Microsoft acquires AI startup Bonsai

$DIS/$FOXA-Fox bidding war unlikely to end with Disney's latest offer, says Jefferies

Have a great day OP!

 

OP Wire 6/6

$TSLA- Tesla shares jump 3.8% premarket after CEO Elon Musk says 'quite likely' it will meet Model 3 production goals

$AMD- AMD stock gains after company says Epyc processor will power new HPE server

$YELP- Shares of Yelp Inc. are down 2.6% in premarket trading Wednesday after KeyBanc Capital Markets analyst Brad Erickson downgraded the stock to sector weight from overweight.

$AMBA- Ambarella stock plunges on weak outlook; Oppenheimer downgrades to perform

$FIT- Fitbit CFO William Zerella to leave the company for autonomous vehicle project

$KOHL- Kohl's stock price target raised to $84 from $76 at J.P. Morgan

$AXON- Shares of Axovant Sciences Ltd. soared more than 50% in premarket trade Wednesday, after Oxford BioMedica plc said it has entered an $842.5 million licensing agreement for OXB-102

$UA- Under Armour’s The Rock shoes sell out in 30 minutes

Tracks Tracking-
Bullish
AXP above $99.60
DISH above $30.00
CLVS above $48.10

Bearish
FB below $192.60
INTC below $56.20
NFLX below $361.40
NVDA below $263.15
XOM below $80.41
CVX below $121.55
COP below $$67.50
MRK below $$61.05
TEVA below $21.50
NTRI below $36.85
KO below $43.10

Have a great day OP!

OP Wire 6/5

 

$AAPL- Apple will give the STOCKS app a facelift with their new update.

The redesigned iPhone app will bring in business stories from Apple News, which users will be able to view within the app. It will also show small charts depicting a stock’s performance throughout the day. The new iPad version of the app will have top business stories on one side of the screen and a sidebar with stock information on the other side. Looking forward to that!

 

Apple stock price target of $220 reiterated at Cascend.

 

$TWTR- Twitter stock price target raised to $45 vs. $40 at Cascend Securities as it’s set to join the S&P.

 

$FB- Facebook made deals with 60 device makers that gave them access to users’ data.

 

$VRCA- Verrica Pharmaceuticals to offer 5 million shares in IPO priced at $14 to $16 each.

 

$SBUX- Starbucks shares down 2.3% after exec chairman departure news.

 

$GE- GE's stock falls to lead Dow losers; closes at a 7-week low.

 

$TSLA- Tesla spends millions in materials that end up scrapped: report-

 

$PANW- Palo Alto Networks Inc. shares fall following the surprise announcement of a new chief executive and a weak earnings outlook just before posting strong quarterly result.

 

Tracks Tracking:

 

Bullish

SLB above $69.85

COP above $68.75

AXP above $99.60

BA above $363.40

BCE above $42

AKAM above $77.10

 

Bearish

AMZN below $1635

NFLX below $350

 

See you later with upgrade/downgrades 

OP Wire 6/4

$AAPL- Companies experience a life cycle similar to people, going through changes as they age. This is happening now with Apple Inc., which rather than losing its edge is really just maturing. (Opinion by Jeff Reeves)

 -Heading into Apple Inc.’s annual Worldwide Developers Conference Today, expectations aren’t particularly high.

$$-AAPL has no resistance at this level👆🏻

$MSFT- Microsoft Corp. has agreed to purchase GitHub, the software-developer platform, according to a report Sunday.

$UA- Under Armour stock price target raised to $27 from $20 at Stifel Nicolaus

$SQ-Square stock price target raised to $66 from $55 at Stifel Nicolaus

$WH-Wyndham Hotels & Resorts started at buy with $68 stock price target at Stifel Nicolaus

$PTN- Palatin shares surge 9% premarket after FDA accepts for review treatment for HSDD

$ROST- Ross Stores stock price target raised to $98 from $92 at J.P. Morgan

$FIVE- Five Below started at overweight with $87 stock price target at J.P. Morgan

$AMZN-Amazon's stock set to extend gains after SunTrust boosts price target to $2,000

Tracks Tracking:
Bullish

AXP above $99.60
JNJ above $121.60
NVS above $75.80
SYMC above $21.25


Have a great day OP- 

OP Wire 5/31

 

Yesterday’s most notable options- 

https://s22.postimg.cc/cnsr8anu9/60253_CB6-52_C5-4179-802_A-_C0_F2_A89_D9009.jpg

 

-U.S. President Donald Trump last month told French President Emmanuel Macron that he plans to bar German premium car manufacturers like Daimler AG (DAI.XE) and BMW AG (BMW.XE) from the U.S. market, reports German business weekly 

 

-China's official nonmanufacturing purchasing managers index, a measure of activity outside factory gates, rose to 54.9 in May from 54.8 in April, the National Bureau of Statistics said on Thursday.

 

-Talks over a $3 billion investment from Warren Buffett in Uber Technologies fell apart this year over terms and the deal size.

Uber is apparently set to IPO in 2019

 

$SHLD- Sears' stock falls 3.4% after Q1 results. 

 

$KORS- Michael Kors shares plummet despite an earnings beat, with analysts blaming results from the Jimmy Choo brand and outlook for the full year.

 

$BTC.X- Bitcoin surrenders early gain as traders key in on support at $7,000.

 

$TSLA- The Tesla Model 3 at last earns a recommendation from Consumer Reports after the magazine’s testers say that an over-the-air update from the Silicon Valley car maker improved their test Model 3’s braking distances.

 

Tracks Tracking -

Bullish

HD above $187.80

SLB above $69.85

VXUS above $56.10

XLE above $76.95

JNJ above $121.60

NVS above $$76

EBAY above $37.90

 

Bearish

SQ below $21.50

QQQ below $169.20

AAPL below $$186.80

AMD below $13.50

AMZN below $1612.90

FB below $183.70

GOOG below $1055.20

INTC below $55.60

MSFT below $97.25

NFLX below $348.80

 

Email me if you want more info on the OP 

E*Trade exclusive deal - $.25 per option instead of $.75 normal cost as there are specific steps required to take advantage. Will save you thousands!

 

Green Goose is back! Message me if interested in the latest On Demand offering that includes bonus voucher for the upcoming Systems Development Course!

 

Have a great day OPers! 

STACK YOUR GAINS!

 

 

OP Wire 5/31

 

Yesterday’s most notable options- 

https://s22.postimg.cc/cnsr8anu9/60253_CB6-52_C5-4179-802_A-_C0_F2_A89_D9009.jpg

 

-U.S. President Donald Trump last month told French President Emmanuel Macron that he plans to bar German premium car manufacturers like Daimler AG (DAI.XE) and BMW AG (BMW.XE) from the U.S. market, reports German business weekly 

 

-China's official nonmanufacturing purchasing managers index, a measure of activity outside factory gates, rose to 54.9 in May from 54.8 in April, the National Bureau of Statistics said on Thursday.

 

-Talks over a $3 billion investment from Warren Buffett in Uber Technologies fell apart this year over terms and the deal size.

Uber is apparently set to IPO in 2019

 

$SHLD- Sears' stock falls 3.4% after Q1 results. 

 

$KORS- Michael Kors shares plummet despite an earnings beat, with analysts blaming results from the Jimmy Choo brand and outlook for the full year.

 

$BTC.X- Bitcoin surrenders early gain as traders key in on support at $7,000.

 

$TSLA- The Tesla Model 3 at last earns a recommendation from Consumer Reports after the magazine’s testers say that an over-the-air update from the Silicon Valley car maker improved their test Model 3’s braking distances.

 

Tracks Tracking -

Bullish

HD above $187.80

SLB above $69.85

VXUS above $56.10

XLE above $76.95

JNJ above $121.60

NVS above $$76

EBAY above $37.90

 

Bearish

SQ below $21.50

QQQ below $169.20

AAPL below $$186.80

AMD below $13.50

AMZN below $1612.90

FB below $183.70

GOOG below $1055.20

INTC below $55.60

MSFT below $97.25

NFLX below $348.80

 

Email me if you want more info on the OP 

E*Trade exclusive deal - $.25 per option instead of $.75 normal cost as there are specific steps required to take advantage. Will save you thousands!

 

Green Goose is back! Message me if interested in the latest On Demand offering that includes bonus voucher for the upcoming Systems Development Course!

 

Have a great day OPers! 

STACK YOUR GAINS!

 

 

OP Wire 5/29

$Market- U.S. stock futures pointed to a sizable drop at the open Tuesday, as traders getting back to work after a three-day weekend were greeted by fresh Italian political drama.

Another Italian election looks likely within a few months, and it might lead the eurozone’s third-largest economy toward ditching the shared currency.

$LULU- Lululemon stock price target raised to $115 from $90 at Oppenheimer. Lululemon stock price target raised to $120 from $103 at MKM Partners.

$ZNGA- Zynga stock price target raised to $5.00 from $4.25 at Piper Jaffray.

$NDLS-Noodles & Co. price target raised to $9 from $6 at RBC Capital Markets.

$CBLK- Carbon Black started at outperform with $27 stock price target at Raymond James.

$AMZN- Amazon.comInc.'s stock price target was raised to $1,840 from $1,750 at MKM Partners, which said it sees the e-commerce and cloud services giant as "the best long-term growth story" of all mega-capitalization stocks. 

AAPL- “We believe the Apple story is well positioned for future appreciation based on a longer-term, more sustainable investing paradigm,” Loup Analyst Gene Munster recently wrote in the first installment of a four-note series- SERVICE REVS!!

$NFLX- Netflix stock price target raised to $390 from $320 at MKM Partners.

$TRXC- TransEnterix Inc. shares surged 12% in premarket trade Tuesday, after the company said it has won U.S. Food and Drug Administration approval for expanded indications for its Senhance Surgical System. Specifically, the company said the FDA has cleared the medical device.

 

Tracks Tracking:

Bullish

FSLR above $68.80

NVS above $76.80

TSLA above $281.10

WMT above $83

 

Bearish

SPY below $271.60

DIA below $245.85

PFE below $35.55

NFLX below $348.80

PYPL below $79.65

EA below 129.60

 

 

OP Wire 5/23

$DOW- Dow futures shed nearly 200 points as geopolitical worries persist

$TJX- Off-price retailer TJX Cos. price target jumps on business model strength

$CMCSA- Comcast preparing bid for FOX. 

$TGT- Target sales boosted by remodels, margins squeezed

$TSLA- Tata Motors profit halved in latest quarter

$TIF- Tiffany shares soar 12% premarket after earnings blow past estimates

$ALGN- Align Technology boosts stock repurchase program by $600 million, lifts revenue growth target

$CTRN- Citi Trends Inc. CTRN, +0.00% on Wednesday reported a 27% rise in first-quarter profit thanks to top-line growth and lower income-tax rates from the U.S. tax overhaul

$LOW- Lowe's stock gains after profit and sales miss, but outlook is upbeat

Today’s Upgrades
    •    Ameren (AEE) upgraded by Goldman Sachs from Sell to Neutral
    •    Nordstrom (JWN) upgraded by Deutsche Bank from Hold to Buy
    •    Kronos Worldwide (KRO) upgraded by Deutsche Bank from Hold to Buy
    •    Freeport McMoRan (FCX) upgraded by B. Riley FBR from Neutral to Buy
    •    Alliance Resource Partners (ARLP) upgraded by MKM Partners from Neutral to Buy
    •    GDS Holdings (GDS) upgraded by Credit Suisse from Underperform to Neutral
    •    GOL Linhas (GOL) upgraded by Citi from Sell to Neutral
    •    WEC Energy (WEC) upgraded by BofA/Merrill from Neutral to Buy
    •    Oasis Petroleum (OAS) upgraded by Morgan Stanley from Equal Weight to Overweight
    •    Whiting Petroleum (WLL) upgraded by Morgan Stanley from Equal Weight to Overweight

Today’s Downgrades
    •    Intuit (INTU) downgraded by First Analysis from Equal-Weight to Underweight
    •    Universal Robina (UVRBF) downgraded by Deutsche Bank from Buy to Hold
    •    DSW (DSW) downgraded by Deutsche Bank from Buy to Hold
    •    IAG (ICAGY) downgraded by HSBC from Hold to Reduce
    •    Weir Group (WEGRY) downgraded by Exane BNP Paribas from Outperform to Neutral
    •    Ares Commercial (ACRE) downgraded by BofA/Merrill from Buy to Neutral
    •    Red Robin (RRGB) downgraded by BTIG from Buy to Neutral
    •    Shake Shack (SHAK) downgraded by Longbow from Buy to Neutral
    •    Rio Tinto (RIO) downgraded by HSBC from Buy to Hold
    •    Red Robin (RRGB) downgraded by Stifel from Buy to Hold
    •    Celgene (CELG) downgraded by Argus from Buy to Hold

OP Wire 5/22

$TARIFFs-China to cut import tariff on autos to 15% from 25%.

$TSLA- Tesla shares jump 1.1% premarket after Elon Musk says issue raised by Consumer Reports will be fixed shortly.

$MU- 10 Bil in buybacks announced- this play will pay big today-congrats OP!

$M- Macy's price target raised to $43 from $25 at Susquehanna Financial.

$PYPL- PayPal’s iZettle purchase is likely to be followed by a lot more fintech M&A.

$AAPL- US iPhone sales grew a record 16% in Q1 despite 11% drop across market – Counterpoint

$DNKN- Dunkin' Brands Group Inc said Tuesday its board has approved a $250 million share buyback program. In February, the company entered a $650 million accelerated share buyback program and received an initial delivery of about 8.5 million shares. Final settlement is expected to be completed by August.

$KSS- Kohl's raises adj. fiscal 2018 guidance to $5.05 to $5.50 from $4.95 to $5.45; FactSet consensus $5.23.

Earnings Watch (notables reporting this week)

Today- TJX, KSS, 
Wednesday- TGT, LOW, LB, RL, TIF
Thursday- BBY, RY, ZOES

Tracks Tracking-
As I expected, stocks are starting to show signs of potential bull cycles starting on the daily charts.

Bullish
SPY above $274
VXUS above $57.45
V above $131.50
AXP above $102.40
AAPL above $189.30
AMZN above $1592
FB above $185.30
GOOG above $1088
NFLX above $331.90
NVDA above $250
TSLA above $284.65
HD above $190.70
CSCO above $43.90

Bearish
AMD below $12.90
TEVA below $20.95

Upgrades
    •    Macy’s (M) upgraded by Susquehanna from Neutral to Positive
    •    Fifth Third (FITB) upgraded by Baird from Underperform to Neutral
    •    Fifth Third (FITB) upgraded by Macquarie from Underperform to Neutral
    •    IHS Markit (INFO) upgraded by Macquarie from Neutral to Outperform
    •    AB InBev (BUD) upgraded by RBC Capital from Underperform to Sector Perform

Downgrades
    •    KPN (KKPNY) downgraded by Goldman Sachs from Buy to Neutral
    •    BofI Holding (BOFI) downgraded by Compass Point from Buy to Neutral
    •    Sasol (SSL) downgraded by Deutsche Bank from Buy to Hold
    •    Raytheon (RTN) downgraded by Credit Suisse from Outperform to Neutral
    •    Manchester United (MANU) downgraded by Deutsche Bank from Buy to Hold
    •    Pandora A/S (PANDY) downgraded by JPMorgan from Overweight to Neutral
    •    Royal Mail (ROYMF) downgraded by JPMorgan from Overweight to Neutral
    •    Embraer (ERJ) downgraded by Drexel Hamilton from Buy to Hold

OP Wire 5/21

$MARKET-Wall Street stocks were poised to rally on Monday, with Dow futures up 200 points as investors welcomed weekend news of an agreement between the U.S. and China that could reduce the American trade deficit with the world’s No. 2 economy.

$TSLA-Tesla’s Elon Musk announces new high-performance Model 3 for $78,000.

$MSFT- Microsoft today announced that it has acquired Semantic Machines to bolster its conversational AI offerings — like Cortana, the Azure Bot Service, and Microsoft Cognitive Services. Semantic Machines works in areas like speech synthesis, deep learning, and natural language processing.

Tracks Tracking:
Bullish
BA above $352

Bearish
WMT below $83.50
SLB below $74.15
XLE below $78.05
WTW below $78.70

Upgrades
    •    Knight-Swift (KNX) upgraded by Stifel from Hold to Buy
    •    Energizer (ENR) upgraded by Jefferies from Hold to Buy
    •    Dillard’s (DDS) upgraded by BofA/Merrill from Underperform to Buy
    •    Snap (SNAP) upgraded by MoffettNathanson from Sell to Neutral
    •    Kelly Services (KELYA) upgraded by Northcoast from Neutral to Buy
    •    Sempra Energy (SRE) upgraded by Argus from Hold to Buy
    •    CBS (CBS) upgraded by Bernstein from Market Perform to Outperform
    •    Achillion (ACHN) upgraded by Barclays from Underweight to Equal Weight
    •    Sabra Health Care (SBRA) upgraded by Raymond James from Market Perform to Outperform


Downgrades
    •    American Eagle (AEO) downgraded by SunTrust from Buy to Hold
    •    Q2 Holdings (QTWO) downgraded by SunTrust from Buy to Hold
    •    Campbell Soup (CPB) downgraded by BofA/Merrill from Neutral to Underperform
    •    HCP (HCP) downgraded by Evercore ISI from In Line to Underperform
    •    Williams Partners (WPZ) downgraded by Stifel from Buy to Hold
    •    Ventas (VTR) downgraded by Evercore ISI from In Line to Underperform
    •    Andeavor Logistics (ANDX) downgraded by JPMorgan from Overweight to Neutral
    •    Spectra Energy (SEP) downgraded by Raymond James from Outperform to Market Perform
    •    Prothena (PRTA) downgraded by Barclays from Equal Weight to Underweight
    •    AppFolio (APPF) downgraded by Morgan Stanley from Equal Weight to Underweight

OP Wire 5/16/18

$World News- Asian markets slump amid new worries from North Korea.
North Korea canceled high-level talks with South Korea and threatened to call off a planned U.S.-North Korean summit in June, citing its objections to military exercises being conducted by the U.S. and South Korea.
North Korea’s Central News Agency cited the drills involving the South Korean and U.S. air forces as a major concern, calling the maneuvers a rehearsal for an invasion, according to South Korea’s semi-official news agency Yonhap.

$AMZN- Amazon Prime members will get an additional 10% discount on Whole Foods items.

$CSCO- Cisco CSCO, -0.48%  is scheduled to report fiscal third-quarter earnings on Wednesday after the close of trading. I’m bullish CSCO!

$TEVA- American depositary shares of Teva Pharmaceutical Industries Ltd. TEVA, +3.65% rose nearly 5% late Tuesday following news that Warren Buffett's Berkshire Hathaway roughly doubled its Teva holdings to about $700 million.

$HLF- Activist investor Carl Icahn completely divested his stake of American International Group Inc. AIG, +0.59% while adding to his position in Herbalife Nutrition Ltd.

$INTC/$MU/$QCOM- Druckenmiller's Duquesne Capital bought 2.46 million shares of Intel, 2.19 million shares of Micron and 411,000 of Qualcomm.

$FEYE- FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced participation in upcoming investor conferences.
    •    JP Morgan 2018 Technology, Media and Communications Conference
    •    Boston, MA
    •    Presentation: Wednesday, May 16, 2018, at 8:40 a.m. EDT
    •    Cowen and Company 46th Annual Technology, Media and Telecom Conference
    •    New York, NY
    •    Presentation: Wednesday, May 30, 2018, at 9:40 a.m. EDT
    •    Bank of America Merrill Lynch 2018 Global Technology Conference
    •    San Francisco, CA
    •    Presentation: Tuesday, June 5, 2018, at 1:35 p.m. PDT

$TSLA- George Soros' investment firm bought a large amount of Tesla bonds in the first quarter of 2018, giving the under pressure electric carmaker a major backer, a regulatory filing shows.
Soros Fund Management bought $35 million worth of convertible notes, which are bonds that can be converted into a specified number of common stock, according to a Securities and Exchange Commission (SEC) filing released on Tuesday. The convertible bond is due in March 2019.

$FB/ $UTX/ $WYNN- Activist investor Dan Loeb's Third Point LLC acquired stakes in embattled Wynn Resorts Ltd. WYNN, -0.37% and United Technologies Corp. UTX, -0.34% during the second quarter, according to regulatory filings on Tuesday. Hedge fund Third Point showed that it bought 7.1 million shares of United Tech worth about $893 million and 1.54 million shares of Wynn for about $280 million.

Tracks Tracking-
Bullish
Still nothing.  SYMC is still an interesting lotto play in my opinion.

Bearish
BA below $341
HRB below $27.60
SQ below $54
TEVA below $20.10
XOM below $81.40
CVX below $129.25
SLB below $70.90
DIA below $246.50
WFC below $54.30
MA below $191.60
V below $130.60
JNJ below $124.40
NVS below $77.40
MSFT below $97.30
TWTR below $32.35
UPS below $114.85
TD below $58.15

I’ll be back to get you the upgrades/downgrades for today 

OP Wire 5/9/18

World News-The leaders of China, Japan and South Korea met in Tokyo on Wednesday in a powerful gesture of solidarity against the backdrop of historic diplomatic moves by North Korea and a push for the isolated country to give up its nuclear weapons. "We must take the recent momentum toward denuclearization on the Korean peninsula and toward peace and security in Northeast Asia, and, cooperating even further with international society, make sure this is linked to concrete action by North Korea," Abe told a news conference after the meeting. 

$FEYE- some believe its possible FireEye will be acquired by a larger tech co like Cisco Systems (CSCO) or IBM Corp. (IBM) at some point in the future in order to gain a larger foothold in the fast growing internet security space. Let’s see what happens- love this play long!

$CRM- JMP Securities raises PT to $140. Stock price at the time of this analyst call was $126.97.

$AMD- AMD delivered an impressive quarter, and the stock should continue to benefit from the ramping of EPYC and Ryzen chips and the 7nm cycle, Gerra said. 
“Management raised its revenue growth expectation for the year to mid-20s, driven by new products, with blockchain-related revenue expected to grow approximately at the same rate YoY," the analyst said, adding that fears of a collapse in the segment are "likely unfounded." 
Baird reiterated its Outperform rating and $20 price target for AMD stock. So far, the play has been to buy at $9 area and sell at $12.... we have been doing this many times and hasn’t failed us yet.

$AAPL- nice read 
https://www.barrons.com/articles/apple-why-stop-at-1-trillion-1525801403

$NFLX- Ted Sarandos, Chief Content Officer of Netflix will present at the MoffettNathanson 5th Annual Media and Communications Summit on Monday, May 14, 2018. Mr. Sarandos is scheduled to present at 10:00 a.m. Pacific Time / 1:00 p.m. Eastern Time.

Yesterday’s Most Active Options-

https://s9.postimg.cc/dmmh93n9r/7523_AE09-7128-45_E0-85_BF-7835_DC0_BA29_C.jpg

See you all later with the rest of the upgrades/downgrades 

 

OP Wire 5/4/18

$AAPL- Buffett's Berkshire Hathaway bought stunning 75 million Apple shares in first quarter. In the first quarter, Buffett's Berkshire Hathaway bought an astounding 75 million shares of Apple. That adds to the 165.3 million shares Berkshire already owned at the end of 2017. 
It’s great to know that WB agrees and understands what we have been saying for years;) 
Congrats OP- our long plays keep paying!

$SPOT- In April, Spotify and Hulu teamed up on a discounted bundle of both of their services for $12.99 per month, following a similar deal for students launched last fall. Now, it seems, the streaming service is considering expanding its entertainment bundle offerings to include one with Scribd’s audiobooks service, too.

$MSFT- Microsoft releases new Windows 10 preview with snipping, Sets, Fluent, security, and gaming improvements.

$VRX- Gary Tanner, a onetime senior director at Valeant, got a $9.7 million kickback from Andrew Davenport, the former head of Philidor Rx Services LLC, after Valeant was manipulated into paying $133 million for an option to buy the mail-order pharmacy, a federal prosecutor said Thursday at the start of their fraud and money-laundering trial.

Tracks Tracking:
Bullish-
NFLX Above $316.60
MRK Above $57.80
PG Above $71.70
EBAY Above $37.80
BUD Above $97.20
ETN Above $71.60

Bearish-
UUA Below $17.27

IV Rankers:
https://s18.postimg.cc/wjai67yop/A8322798-2498-401_E-_AEA3-3_CF02_B4_E31_CA.jpg


See you later with upgrades/downgrades 

OP Wire 5/3/18

$TSLA- Tesla on Wednesday disclosed the largest quarterly loss in the history of a company known far and wide for losing vast sums of money, with a net loss of almost $785 million. Let’s see if we see $245 area soon...

$AAPL- Buybacks can resume as soon as two days following their Earnings report. During the conference call, Luca M stated that they believe AAPL is very undervalued and they will be aggressively buying with that said. Should be fun...

$BABA- Citron actually gave an upgrade to this... still bullish and riding since my alert at $176 here!

$KHC- Kraft Heinz shares rallied 5.3% after hours, following a 2.7% decline to close at $54.20 in the regular session. The company reported first-quarter net income of $993 million, or 81 cents a share, compared with $893 million, or 73 cents a share, in the year-ago period. Adjusted earnings were 89 cents a share. Revenue slipped to $6.3 billion from $6.32 billion in the year-ago period. Analysts surveyed by FactSet had estimated 81 cents a share on revenue of $6.31 billion.

$GILD- Gilead’s latest quarter keeps Wall Street waiting on a turnaround. Gilead GILD, -7.83%  management has been calling 2018 a “trough” year for the company’s crucial hepatitis C business. Investor patience seemed to run out on Wednesday, sending Gilead shares cratering 8.1%. 

Reporting Earnings today are:

$WTW- lotto put play today? 🤔
$GPRO- always seems to be a good short
$ATVI
$TEVA
$P

Bullish
COMM Above $28.50
URI Above $151.20
JNUG Above $14.70
APA Above $41.20
SLV Above $15.59
GOOG Above $1038.50
NFLX Above $316.60

Bearish
TPR Below $46
VRX Below $17.95
BIDU Below $246.80
CMG Below $417.60
AMD Below $10.95
AMZN Below $1566.30
FB Below $174.22
ITNC Below $51.40
MSFT Below $93.15
NVDA Below $225.20
CVX Below $123
SPY Below $262.75
QQQ Below $161.60
VXUS Below $56.50
DIA Below $238.70
V Below $126

Tracks Course- get in while you can..
https://s17.postimg.cc/5rd0jcexr/EEE200_C3-1_D73-470_E-9141-_ADBB3_B6_EE0_F3.jpg

Monday’s Webinar Recording:
https://screencast-o-matic.com/watch/cFhVQHbqjW

-Save thousands on your trading costs!
OP E*Trade deal .25 per contract is live- must click on this link and fund new account at $2k min to lock in this superb rate! Take advantage- save thousands a year!
http://etrade.com/optionsplayers

See you all later with the upgrades/downgrades for today

 

OP Wire 4/26/18 (early edition)

IV Rank Report for 4/25

https://s7.postimg.cc/nkkp7wjh7/4183_A9_DF-39_C4-41_B4-_AA13-_CCA13_E56021_D.jpg

Highest Volume Options for 4/25

https://s7.postimg.cc/oo4tjkm17/A7_EF8838-_A4_F9-46_AE-931_B-0_D29_E7847020.jpg

$NFLX- Moody’s on Netflix

https://s7.postimg.cc/jcpwz7023/9_C19_AD66-_E538-4_C45-86_C2-58_D5_A8_C23275.jpg


Tracks Tracking:
$AAPL - Bullish above $165.50
$NVDA - Bullish above $221.60
$JNJ - Bullish above $127.50
$NVS - Bullish above $$76.60
$INTC - Bullish above $52.10

$MU- Bullish- this mornings OP Wire paid HUGE.... letting her run 

$FB- Big Win for OP! Selling at open🤑
Facebook's cash and equivalents reached almost $44 billion in the first quarter.
The company's online advertising business is immensely profitable and growing quickly.

$CMG- Big beat brings 10% gain AH-
Chipotle maintained its outlook for 2018, which calls for same-store sales to rise at a low-single digit pace. It also expects to open between 130 and 150 new stores. In addition, Chipotle said its board had authorized another $100 million in stock repurchases. The former Taco Bell CEO is off to a great start!

$AMD- Advanced Micro Devices Inc. relieved concerns about its recent growth Wednesday by producing more profit than expected and projecting that revenue growth would accelerate, sending shares higher in after-hours trading.
AMD stock gained about 10% after closing with a 3.8% decline at $9.71. Shares have declined 28% in the past year, as the S&P 500 index SPX, +0.18%  has gained 10.3%.
Each time AMD dips to $9 it’s a buy and it’s wise to sell at $11-$12 to rinse and repeat😂

$PYPL- PayPal’s strong earnings show Venmo is starting to pay off as mobile payments services volume increases 80% from last year. I know PayPal makes a lot from me so makes sense🤷🏼‍♂️

OP Short Term Watchlist- those that jumped in at today’s alert will be very happy tomorrow. Enjoy!

See you in the morning with more news and upgrades/downgrades. 

 

OP Wire 4/25

$MARKET- U.S. stocks fell on Wednesday, in a decline that threatened to take the S&P 500 below a key technical level. The benchmark index SPX, -0.73% lost 0.7% to 2,616, a decline that put it within a few points of its 200-day moving average, which is 2,608.86. It would need to drop another 0.3% to fall below the moving average. Dropping below that level would be a negative sign for the index's long-term momentum trend, and closing below it could trigger additional losses ahead. The S&P last closed below it on April 2, though it subsequently rebounded back above it. The Dow Jones Industrial Average DJIA, -0.71% fell 0.6% on Wednesday, and is currently 0.9% above its own 200-day, which it hasn't closed below since June 2016. While the Nasdaq Composite Index COMP, -0.97% fell 0.7% on Wednesday, it is 2% above its 200-day. All three indexes are below their 50-day moving averages, seen as a sign of an asset price's short-term momentum trends.

$AAPL- Apple CEO Tim Cook will meet President Donald Trump on Wednesday, according to an official schedule released by the White House.
The meeting is scheduled for 1:45pm- let’s see if TC can talk down tariffs threats a bit for a nice mid ground win for all parties. 

$BA-Boeing easily surpasses estimates on earnings per share. Its commercial air division delivered 184 aircraft in the first-quarter, while winning 221 net orders. Nice win. Let’s see if the gains hold for the day. If they do I expect a rally into Friday for the market!

$MU- looking for a bounce today- may be a great long entry here!

$FEYE- like this dip to reload the Sept $20 Calls here.

$WTW- Puts paying here.... let’s see if this goes to $55 like I think it will 

$AMZN- Amazon is expected to report earnings of $1.24, according to FactSet, down from $1.48 for the same period last year. Let’s see if they can beat!

$GM- GM earnings are likely to show a profit decline amid flagging sales and higher costs.

$F- Ford F, -0.25%  will get another chance to impress investors on Wednesday, when the company is scheduled to report first-quarter results before the bell. All eyes are on cost-cutting measures that Ford has been touting as a first step to clean house. I like F long. 

$FB- On average, analysts polled by FactSet model first-quarter earnings of $1.35 a share. Contributors to Estimize, which crowdsources estimates from analysts, fund managers and academics, predict earnings of $1.46 a share.
Analysts on average project first-quarter Facebook sales of $11.41 billion, with $10.11 billion in mobile revenue and desktop revenue of $1.21 billion, according to FactSet. Estimize is expecting sales of $11.59 billion. In the past three months, Facebook stock has dropped 11%, as the S&P 500 index SPX, -0.51%  has fallen 6%. Of the 45 sell-side analysts who cover Facebook, 41 have the equivalent of a buy, two rate it a hold and two have a sell rating on the stock. The average price target is $216, which reflects 31% upside from Monday’s closing price of $166. With the stock suffering from its most significant decline in years, Canaccord Genuity analyst Michael Graham wrote that at current prices, it looks like an even more compelling buy! Graham has a buy rating with a $240 price target.
Let’s see if they guide well enough for wall street to get excited again and take this back to ATH.


See you soon with Today’s Upgrades and Downgrades😉👍🏼💰

OP Wire 4/24/18 (early edition)

$OP Deal-
I’m being told that the Etrade link for our exclusive deal with be ready by Monday 
so not much longer folks!

Tracks Tracking:
Bullish-
PFE - Bullish Above $36.90 

Bearish-
AMD - Bearish below $10
AMZN - Bearish Below $1500
BA - Bearish Below $336
BABA - Bearish Below $174.70
FB - Bearish Below $165
HD - Bearish Below $176
TSLA - Bearish Below $282
XOM - Bearish Below $78.30
V - Bearish Below $123.30
AXP - Bearish Below $99.90

$AAPL- Apple is planning to release a refreshed iPhone SE in May with incremental updates, according to a new report citing phone case manufacturers.
The “iPhone SE 2” will retain the same 4-inch form factor as its predecessor and will sport Touch ID as its primary authentication method, the case maker sources told Japanese website Mac Otakara at a trade show this week. Mac Otakara also speculates that the iPhone SE 2 may have a glass back and could introduce Qi inductive wireless charging to the 4-inch form factor. It might be smart to take that with a grain of salt, as the publication points out that there isn’t enough hard evidence to prove that fact.
The SE model has been great for emerging market footholds and this shall help their cause! 

$AAPL HomePod- Apple us said to be also working on a smaller, and consequentially less-expensive, HomePod offering, which could appeal to a broader segment of the market. 

$AAPL Related-SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory chip prices that offset slowing growth in the mobile sector.
The South Korean chipmaker, which supplies to Apple, reported 3.1 trillion won ($2.9 billion) earnings for the January-March period, compared with 1.9 trillion won a year earlier.

$TSLA- Bill Gurley, Benchmark's general partner called Tesla too risky and too leveraged. 

$FEYE- Glen Kacher of The Light Street (Capital founder and CIO) is bullish FireEye and has been stressing the growing importance of this arena.

$GOOG- Seth Stephens-Davidowitz
Stephens-Davidowitz, a visiting lecturer at The Wharton School and New York Times op-ed contributor, asserted Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s data is superior to that of Facebook’s.

$Crypto- John Pfeffer of The Pfeffer Capital founder said bitcoin is the first viable candidate to replace gold and remains a good bet despite its risk. Pfeffer put a $700,000 price target on the cryptocurrency. BTC is currently just above $8,000. 

$NFLX- Netflix Inc. tapped the junk-bond market again to help finance its next wave of shows.The world’s largest online television network sold $1.9 billion of senior bonds in its largest-ever dollar-denominated offering. That was up from a planned $1.5 billion, according to a statement. 

$BABA- (fun fact)- BABA's Profit Margin of 29.64% is amongst the best returns of the industry. BABA outperforms 91% of its industry peers. The industry average Profit Margin is 6.41%.

$WMT- Walmart Inc. lost out in China by betting on the wrong horse. In India, the retailer is prepared to pay up to secure the top steed. The world’s biggest retailer is nearing a deal to buy a majority stake in India’s top online retailer for at least $12 billion, people familiar with the matter said. Flipkart Online Services Pvt’s major investors, including SoftBank Group Corp., are on board with Walmart purchasing as much as 80 percent of the company, the people said, and they may complete the agreement in the coming weeks. Let’s see how this goes- a fail will surely vote well for AMZN!

Today’s largest Call OI increase 
https://s17.postimg.cc/x8ngnavpb/9_A308920-_AB5_D-43_BC-9_FBD-_AD761_DCC9_AAA.jpg

Large blocks (Options)
https://s17.postimg.cc/nbcfuadtr/E0796_CE9-61_D0-4256-8591-_F3_EF259_AEE3_E.jpg

See you all in the morning with upgrades/downgrades and more  😀

OP Wire 4/17/18

Today’s upgrades/downgrades 
Upgrades
    •    Philips (PHG) upgraded by Deutsche Bank from Hold to Buy
    •    ABB (ABB) upgraded by UBS from Sell to Neutral
    •    Twitter (TWTR) upgraded by Morgan Stanley from Underweight to Equal Weight
    •    Merck (MRK) upgraded by Morgan Stanley from Equal Weight to Overweight
    •    NetApp (NTAP) upgraded by William Blair from Market Perform to Outperform
    •    Disney (DIS) upgraded by Pivotal Research from Sell to Hold
    •    Newell Brands (NWL) upgraded by Wells Fargo from Market Perform to Outperform
    •    Lazard (LAZ) upgraded by BofA/Merrill from Neutral to Buy
    •    Coca-Cola (KO) upgraded by Goldman Sachs from Sell to Neutral
    •    Dollar General (DG) upgraded by JPMorgan from Neutral to Overweight

Downgrades
    •    National Oilwell (NOV) downgraded by B. Riley FBR from Buy to Neutral
    •    Molson Coors (TAP) downgraded by Goldman Sachs from Buy to Neutral
    •    Bristol-Myers (BMY) downgraded by Morgan Stanley from Overweight to Equal Weight
    •    Texas Roadhouse (TXRH) downgraded to Neutral from Buy by Longbow
    •    International Paper (IP) downgraded by RBC Capital from Outperform to Sector Perform
    •    Time Warner (TWX) downgraded by Pivotal Research from Buy to Hold
    •    PepsiCo (PEP) downgraded by Goldman Sachs from Neutral to Sell
    •    Paychex (PAYX) downgraded by BofA/Merrill from Buy to Neutral
    •    WWE (WWE) downgraded by JPMorgan from Overweight to Neutral
    •    Telenor (TELNY) downgraded by JPMorgan from Neutral to Underweight
    •    Cabot Oil & Gas (COG) downgraded by Citi from Neutral to Buy
    •    Chesapeake (CHK) downgraded by Citi from Neutral to Sell
    •    PPG (PPG) downgraded by Seaport Global from Buy to Neutral

$Tech News- The United States has cracked down on one of China's biggest tech companies, banning it from buying components from American firms.
The move Monday by the US Commerce Department against ZTE (ZTCOF), which sells smartphones and other telecommunications equipment around the world, comes amid a tense clash between the United States and China over trade and technology.

$NFLX- Morgan Stanley raises PT of NETFLIX to $370!

$AAPL- The drone pilot of the infamous Apple Campus videos says Apple has become very strict on the taping of their property there and has the ability to track him down within 10 mins of flight. 🤔.... seems they are working on something big with all the latest security news we have been hearing. BULLISH

$TSLA- Tesla Inc. confirmed Monday afternoon that it has halted production of its new Model 3 electric car for a second time. This is NOT a good look no matter what their excuse is. And the timing is right when the shorts are piling up. Should see a dead cat bounce soon though... 

$AMZN- Undercover author finds Amazon warehouse workers in UK 'peed in bottles' over fears of being punished for taking a break😳

$CRYPTO- Digital currency exchange Coinbase is building on a recent hiring streak with a deal to buy Earn.com announced Monday. As part of the acquisition, the crypto company will bring on Earn's founder and CEO as its first-ever chief technology officer. Earn allows you to send and receive crypto similar to what PayPal does for monies. 

$BMY- Bristol-Myers Squibb Company (BMY) tumbled -7.79% or -$4.57 to $54.08. It is about 34.82 million shares traded, which is 527.48% compare to the average total volume 6.60 million. The market cap of BMY is $88.42 billion. The year to date change is -3.1%. The 52 week price range is from $51.56 to $70.05. Price of BMY have changed -3.03% during last week. It have changed -11.37% over last month, -1.49% over last 3 months, -6.66% over last 6 months and 13.67% over one year.
Some investors/algos will use 50-day and 200-day Moving Averages as support and resistance levels. Those moving average will be very helpful most of time. The 50-day Moving Averages for BMY is 64.08. It is 18.49% above current price. The 200-day Moving Averages for BMY is 60.82. It is 12.46% above current price. Looks like one to take a look at!

Be back later with the upgrades/downgrades.... 😃

 

OP Wire  4/16/18 (Full)

$Tech- Intel Corp. (NASDAQ: INTC) stock rode a wave of investor keenness for technology shares last week, posting a weekly share price gain of 6.3% to return to its ranking as the top-performing Dow Jones industrial average stock of the year to date. The chipmaker’s shares are up 12.4% so far in 2018.
The second-best performer among the Dow 30 so far this year is Cisco Systems Inc. (NASDAQ: CSCO), which is up about 12.3%. That is followed by Boeing Co. (NYSE: BA), up 11.7%, Microsoft Corp. (NASDAQ: MSFT). up 8.8%, and Nike Inc. (NYSE: NKE), up 7.5%. Of the 30 stocks comprising the Dow index, just 14 have posted year-to-date gains as of Friday’s close.

$MSFT, $INTC, and $AMZN are all BUYS this week according to Forbes. 
Last weeks BUY was $AAPL and that rose 3.8% on that recommendation. 🤔
I do like these plays as long as Market is behaving here. 

Tracks’s TA-
$AMD - No play, but ugly engulfing candle, so expecting bearish move.
$BABA - Bearish below $171
$FB - Bearish below $163.70
$HD - Bearish trend, but momentum turning bullish
$HRB - Bullish above $26.50
$NFLX - No play, but trend and momentum are bullish
$NVDA - Bearish trend, but momentum turning bullish
$TSLA - Bearish below $300 with confirmation at cross of daily 15EMA
$SPY - Engulfing red candle, but bullish above $265.70 zone
$XOM - Bullish momentum, but bearish below $77
$CVX - Bearish below $118.60 zone
$VXUS - Bearish below $57
$NVS - Bearish if it stays below $81.30


$World- As everyone knows, US, France, and The EU launched strikes against Syria Friday night. The world, and markets, are waiting to see what the Russian response will be. How will Monday’s open look? 🤔
I expect a nominal dip at open followed by the resuming of Earning excitement. Should be a nice opportunity to take positions. Although, this could change at the press of a button (or tweet)😬. 

$Tech-The FCC Just Approved Wireless Electricity. According to Allied Market Research, the wireless charging market could hit $37.2 billion in just the next few years. 
Companies like $WATT are poised to make a splash in this arena.

$SBUX- This week, Starbucks came under fire after video surfaced of two black men being handcuffed, seemingly unprompted, at a Philadelphia location of the chain coffeehouse. The two men were arrested after an employee called the police to report them as having trespassed. In the clips, however, you can hear other patrons calling the arrests uncalled for and protesting as the men are escorted out of the shop. Let’s see if the Stock reacts to the news and subsequent calls for boycotting. 

$FEYE- FireEye has an event this week. I expect more upward moves ahead. It’s this April 16-20, 2018 | Moscone Center, San Francisco, CA.
Will be centered on new approaches to info security, discover the latest technology and interact with top security leaders and pioneers. The FireEye Booth will feature theater presentations and demos on Mandiant Consulting, FireEye Intelligence and Managed Defense, and FireEye Solutions including Helix, Endpoint, Network, Email and Threat Analytics. Love the future of this company! 💰
 
$CRYPTO- $ETH is on a tear since my alert at $380 a couple weeks ago. Let’s see how high it can go from here. I called it to double but can never complain about 20% gains in two weeks here. BTW, if interested in trading crypto and want a deal on the trades, use this link to open an account. It has just about all the coins that you can ever want to trade. 
https://www.binance.com/?ref=16712579
Enjoy.... but stay safe- Crypto is tricky and can drop/pop at any moment. 

$AMD- News of a multi-year sponsorship with Scuderia Ferrari on the occasion of the Chinese Grand Prix, held on the Shanghai Circuit yesterday (Sat 4/14. According to this agreement, effective since the beginning of the 2018 season, the AMD logo is visible on the nose of the SF71H F1, as well as on the arm of the pit-crew overall and the official trucks. As part of the collaboration AMD will also be making available their technology portfolio to Scuderia Ferrari. Nice exposure and a nice dip Friday presents a great long entry here in my opinion. 

$NFLX- NETFLIX is slated to report 1Q2018 earnings after the bell on Monday, April 16th. The earnings release is expected at approximately 4:05 p.m. ET with a conference call to follow at 6:00 p.m. that is webcast through Netflix Investor Relations. Going to be an interesting one and should set the tone for a gap up/down for Tech Tuesday!

$MSFT/INTC- Richard Swinburne tweeted the following over the weekend-
Calling it now (2018/Apr) next-gen Xbox will use an Intel chip (big.LITTLE) + GPU for MS to differentiate against PS5 and for Intel to show its gaming cred. Both MS/Intel have strong US/EU branding. 🤔

$NVDA- After announcing the doubling of V100 GPU memory to 32GB, Nvidia unveiled the DGX-2, a deep learning-optimized server containing 16 V100s and a new high-performance interconnect called NVSwitch. The DGX-2 delivers 2 petaflops of compute power and offers significant cost and energy savings relative to traditional server architectures. In a challenging representative task, the DGX-2 trained a FairSeq neural machine translation (NMT) model in a day and a half, versus the previous generation DGX-1’s 15 days. Nvidia seems to be at the right place at the right time with its projects. Very promising company here for sure!

$AAOI- Looking very interesting here...might need to take a long position here.🤔🚀

Tomorrows notable Earnings-
MTB- Before the Bell 
NFLX-After Market Close 
BAC-Before the Bell

See you all tomorrow morning 😃

OP Wire 4/13/18

—Upgrades
    •    Secureworks (SCWX) upgraded by First Analysis from Equal-Weight to Overweight
    •    Iqvia (IQV) upgraded by Goldman Sachs from Neutral to Buy
    •    Eli Lilly (LLY) upgraded by BMO Capital from Underperform to Market Perform
    •    Gold Fields (GFI) upgraded by BofA/Merrill from Underperform to Buy
    •    Albemarle (ALB) upgraded by Citi from Neutral to Buy
    •    Genuine Parts (GPC) upgraded by BofA/Merrill from Underperform to Neutral
    •    Netflix (NFLX) upgraded by Deutsche Bank from Hold to Buy
    •    Shaw Communications (SJR) upgraded by Canaccord from Hold to Buy
    •    Shaw Communications (SJR) upgraded by Scotiabank from Sector Perform to Outperform
    •    F5 Networks (FFIV) upgraded by William Blair from Market Perform to Outperform
    •    Ensco (ESV) upgraded by Credit Suisse from Neutral to Outperform
    •    Sanmina (SANM) upgraded by Citi from Neutral to Buy
    •    Willis Towers Watson (WLTW) upgraded by Sandler O’Neill from Hold to Buy

—Downgrades
    •    Tenneco (TN) downgraded by Goldman Sachs from Buy to Neutral
    •    Southern Copper (SCCO) downgraded by JPMorgan from Neutral to Underweight
    •    Starbucks (SBUX) downgraded by Cowen from Outperform to Market Perform
    •    Glaukos (GKOS) downgraded by Stifel from Buy to Hold
    •    Nu Skin (NUS) downgraded by Deutsche Bank from Buy to Hold
    •    Diamond Offshore (DO) downgraded by Credit Suisse from Neutral to Underperform
    •    Spectra Energy Partners (SEP) downgraded by JPMorgan from Overweight to Neutral
    •    Murphy USA (MUSA) downgraded by Jefferies from Buy to Hold
    •    Zillow (ZG) downgraded by Craig-Hallum from Buy to Hold
    •    Assembly Biosciences (ASMB) downgraded by Chardan from Buy to Neutral
    •    AveXis (AVXS) downgraded by Chardan from Buy to Neutral

$AAPL-A Kansas woman whose Apple Watch started beeping when it detected her rapid heartbeat says she won't be taking the smart watch off -it may have saved her life. Her heart was beating at about 120 beats per minute. Hendershot's watch alerted her of a rapid heartbeat every 10 minutes, she told the Topeka Capital-Journal, and her heartbeat reached as high as 160 beats per minute. The alert caused her to go to the hospital and in essence saved her life. Can you say insurance subsidized Apple Watches coming soon🤑?

$DIS- ESPN launched the direct-to-consumer offering Thursday, its first foray into so-called over-the-top, or OTT, streaming services. It’s an attempt to address one of the biggest complaints from Disney investors over the past two years: Consumers cutting the cable cord and therefore slicing the amount of cash Disney receives for its sports programming. Good for $DIS and bad for $BLWD 😳

$QCO- Qualcomm Inc- shares shot up 3.3% in after-hours trading Thursday following a CNBC report that former chairman and chief executive Paul Jacobs is leading a fund-raising effort to buy the chipmaker and take it private. 

 $ZG- Zillow said Thursday it will purchase and flip homes from consumers. The company initially plans to hold 300 to 1,000 homes by the end of the year, which amounts to an investment in the $75 million to $250 million range. Think of it as the Carmax of homes I guess 🤔

And here is why we are red AH-
—White House Plans to Escalate Trade Pressure on China-U.S. soon will detail which products are on $100 billion list of goods subject to tariffs-Treasury seeks to block Chinese tech investment in U.S.

Yesterdays highest volume Options-
https://s17.postimg.cc/io7o3alcv/4_A04_DAF2-_E03_A-4870-_B383-39_B56912_D80_D.jpg

Yesterdays Most Active Change-
https://s17.postimg.cc/bkzsnpxxr/5_C8_B4031-8_E4_A-4_B15-_A489-0_FC2_E692_D508.jpg

YesterdaysMoney Flow-
https://s17.postimg.cc/rj8idvfb3/9110242_A-_E5_FA-4199-_AF42-_F77_A5_E093_C74.png

Have a great day 

OP Wire 4/12/18

-News Recap for today:

The S&P banks index (SPSY) slipped more than 1 percent and were the biggest decliners. JPMorgan (JPM) and Bank of America (BAC) fell about 1.10 percent, while Goldman Sachs (GS) dropped 1.09 percent.

-The U.S. 10-year yields fell to 2.7753 percent after U.S. President Donald Trump declared that missiles “will be coming” and blasted Moscow for standing by Syrian President Bashar Assad.

-Russia had earlier warned that any U.S. missiles fired at Syria over a suspected chemical weapons attack on a rebel enclave would be shot down.

$AAPL- Oliver Schusser will be the new vice president of Apple Music and international content. Schusser may provide the missing link between Apple's ambitions in television, music and artificial intelligence, by bringing all of these elements under one leader. Very good news for the ever increasing services division of Apple. 

 

In other AAPL news-A patent recently filed by Apple seeks to use advanced sensors on a newly designed Apple Watch band to evaluate sports performance when using third-party equipment, such as golf clubs, baseball bats, footballs or barbells.

 

$TWTR-Volatility is simply a measure of the predictable daily price range -the range in which a day trader operates. More volatility means greater profit or loss. After a recent check, TWTR stock is found to be 4.96% volatile for the week, while 5.47% volatility is recorded for the month.

 

$TSLA-Elon Musk is back to sleeping on the floor of his factory as Tesla Inc. struggles to meet production goals. He also thinks Silicon Valley needs more oversight.

Musk says “I definitely feel stress, yeah. It’s like — we’ve been incredibly difficult and painful the last several months,” Musk said. “Yeah, I’m sleeping on the factory floor, not because I think that’s a fun place to sleep, you know. Terrible.” Can’t knock his commitment there 😳

 

 

$$Earnings Reports slated for tomorrow :

 

Before Market Open-

RAD

BLK

DAL

OZRK

APOG

SJR

CBSH

NTIC

 

https://s17.postimg.cc/vdfa8v4f3/280533_CD-_A334-454_C-88_A4-_A359379_DBDE6.jpg

 

See y’all in the morning!

 

 

Today’s OP Wire 4/11/18

Upgrades for today :

    •    Citi (C) upgraded by HSBC from Hold to Buy
    •    BHP Billiton (BHP) upgraded by Deutsche Bank from Hold to Buy
    •    Hargreaves Lansdown (HRGLY) upgraded by Jefferies from Underperform to Hold
    •    Man Group (MNGPY) upgraded by Jefferies from Hold to Buy
    •    WhiteHorse Finance (WHF) upgraded by JPMorgan from Underweight to Neutral
    •    Synaptics (SYNA) upgraded by Mizuho from Neutral to Buy
    •    AeroVironment (AVAV) upgraded by Stifel from Hold to Buy from Hold
    •    Mattel (MAT) upgraded by Deutsche Bank from Underperform to Hold
    •    Marfrig (MRRTY) upgraded by JPMorgan from Underweight to Neutral
    •    Tenaris (TS) upgraded by Citi from Neutral to Buy
    •    Helmerich & Payne (HP) upgraded by Wells Fargo from Underperform to Market Perform

Downgrades for today:

    •    Avis Budget (CAR) downgraded by Northcoast from Buy to Neutral
    •    Remy Cointreau (REMYY) downgraded by JPMorgan from Overweight to Neutral
    •    TCG BDC (CGBD) downgraded by JPMorgan from Overweight to Neutral
    •    Floor & Decor (FND) downgraded by BofA/Merrill from Buy to Neutral
    •    Mitel (MITL) downgraded by National Bank from Outperform to Sector Perform
    •    Republic Services (RSG) downgraded by Raymond James from Outperform to Market Perform
    •    Harmony Gold (HMY) downgraded by Deutsche Bank from Hold to Sell
    •    Fortinet (FTNT) downgraded by Morgan Stanley from Overweight to Equal Weight
    •    Valero (VLO) downgraded by Scotia Howard Weil from Outperform to Sector Perform
    •    PBF Energy (PBF) downgraded by Scotia Howard Weil from Outperform to Sector Perform

OP Wire (Early Edition) $$China- President of China discussed plans to further open up the Chinese economy, including "significantly" lowering import tariffs for autos and other products, enforcing the legal intellectual property of foreign firms and improving the investment environment for international companies. Futures Market immediately jumped over 1% on this announcement. $$Trump- FBI agents raided the office and residence of Michael Cohen, President Donald Trump's personal lawyer, on Today. Agents reportedly seized evidence related to Cohen's payment of $130,000 to porn star Stormy Daniels on the eve of the 2016 presidential election. Muller is now on borrowed time according to many. $AAPL- Apple becomes 100% Energy Self Sufficient... https://s7.postimg.org/mmy3tuezv/E2114580-_A778-483_A-8_BE3-20351_B7_DD3_B2.jpg $$Upgrades from Monday 4/9/18 MGM Growth (MGP) upgraded by Evercore ISI from In Line to Outperform Aspen Technology (AZPN) upgraded by Baird from Neutral to Outperform R1 RCM (RCM) upgraded by Baird from Neutral to Outperform Cemex (CX) upgraded by BofA/Merrill from Neutral to Buy General Motors (GM) upgraded by Morgan Stanley from Equal Weight to Overweight Baidu (BIDU) upgraded by Daiwa from Outperform to Buy Agilent (A) upgraded by Goldman Sachs from Neutral to Buy TD Ameritrade (AMTD) upgraded by BofA/Merrill from Neutral to Buy Discover (DFS) upgraded by Stephens from Underweight to Equal Weight Comerica (CMA) upgraded by Wedbush from Neutral to Outperform Plains All American and Plains GP Holdings (PAA,PAGP) upgraded by SunTrust from Hold to Buy $$Downgrades from Monday 4/9/18 NewLink Genetics (NLNK) downgraded by Baird from Outperform to Neutral NewLink Genetics (NLNK) downgraded by Jefferies from Buy to Hold NewLink Genetics (NLNK) downgraded by Cantor Fitzgerald from Overweight to Neutral Mettler-Toledo (MTD) downgraded by Goldman Sachs from Buy to Neutral Westlake Chemical (WLK) downgraded by JPMorgan from Overweight to Neutral Franklin Street (FSP) downgraded by Janney Capital from Buy to Neutral Menlo Therapeutics (MNLO)downgraded by Jefferies from Buy to Hold Janus Henderson Group (JHG)downgraded by BofA/Merrill from Neutral to Underperform Franklin Resources (BEN) downgraded by BofA/Merrill from Buy to Neutral $$Monday After Hours Movers: --HIGHER: Verifone (PAY) up 51.4%, to be acquired by Francisco Partners... Energous (WATT) up 23.0% after FCC certification of WattUp Near Field transmitter... Seagate (STX) up 2.2% on Morgan Stanley upgrade... Nvidia (NVDA) up 1.8% on Morgan Stanley upgrade... United Continental (UAL) up 1.0% on Q1 traffic update. —LOWER: Tupperware (TUP) down 4.5% on Q1 guidance cut... EMCORE (EMKR) down 8.0% on Q2 guidance cut.

OP Wire 4/9/18 (early edition) Hey OP..... hope you all enjoyed your weekend. We had an awesome week last week so let’s keep the momentum going! Stack and Gain! No Fear Of Missing Out (FOMO) plays causing you to hold winners as they turn into losers. With the market brings so susceptible to news related moves we must employ this strategy more than ever! Stay on OP chat as much as possible as your “trading family” will help remind you this real-time. $QQQ/Tech-High-profile investors, (the same bold entrepreneurs who made billions getting in early on the Internet revolution) are betting big on the next big innovation since the Internet recently! Insiders are already calling it, “More revolutionary than the cotton gin, the steam engine, the PC, and the smartphone COMBINED! Amazon founder, Jeff Bezos… Microsoft Founder, Bill Gates… Facebook investor and PayPal Cofounder, Peter Thiel… Google Founders Sergey Brin and Larry Page are all investing BILLIONS into these new advances. And here’s the thing: Very few outside the tech community are even paying attention to it right now. Everyone is focused on all the macro political events as media beats the drum! Today, this market is worth just $4 billion… But according to Gartner Research, it could reach a massive $3.1 TRILLION in just a few years. THREE TRILLION! That’s a growth rate of 77,000%. Imagine that gain with long options (LEAPS) You all know my view on AAPL and its undervalued PE. Let’s see when wall street finally gets it! $Market- Vanguard founder Jack Bogle has been in the market for a very long time! The 88-year-old investing titan, who is basically the father of passive investing, says this renewed regime of volatility in stocks is “uncanny”. How uncanny? He’s never seen anything like it in his 66-year investing career. As well all know, options need to be timed almost perfectly to enjoy positive outcomes without severe losses. Our rules here at OP are paramount in times like these so keep following them and enjoy the ride. Volatility is our best friend but can also be our worst enemy🤗😱. Keep stacking! $Market/Banks- The week ahead might be crucial but is expected to be very positive. First-quarter earnings season gets under way in earnest on Thursday and Friday, with results from large banks including BlackRock Inc. BLK, -3.43% Wells Fargo & Co. WFC, -1.93% and JPMorgan Chase & Co. JPM, -2.49%. The table has been set in my opinion for a perfect storm reversal as macro/political events have taken the markets down just prior to this ER season and any positive news along with great numbers can cause a major V shaped reversal to all time highs! Let’s see what happens. $Market- Federal Reserve Chairman Jerome Powell on Friday backed a “patient” approach to raising interest rates.“The FOMC’s patient approach has paid dividends and contributed to the strong economy we have today,” Powell said. Let’s see how the market reacts to this! $World- North Korea Ready to Discuss Denuclearization, U.S. Officials Say. This assurance clears the way for a summit meeting between Kim Jong Un and President Donald Trump. $FB- Facebook suspends yet another data analytics company-Data analytics firm CubeYou used personality quizzes clearly labeled for "non-profit academic research" to help marketers find customers CNBC reports. $Fun Fact- If $AAPL spent the whole $300B tomorrow, retiring those shares alone would drive the stock price to almost $260.00 per share. (259.50 based on current price of $268.38 and market cap of $854.36B) $AAPL- Apple to release RED versions of iPhone today. https://twitter.com/macrumors/status/983047868029087744?s=21 $CRM- Salesforce Founder Benioff told a story of being at the World Economic Forum in Switzerland where a bit of serendipity led him to start thinking about blockchain. “I had been thinking a lot about what is Salesforce’s strategy around blockchain, and what is Salesforce’s strategies around cryptocurrencies and how will we relate to all of these things,” Benioff said. Let’s see where this goes but we all know that future tech is heading in this direction. $NFLX- Eyes will soon be on Netflix, which is slated to report results on Monday, April 16. Analysts are looking earnings to climb by nearly 56% for the quarter, while revenue is expected to rise by almost 40%, over last year. Guidance was 123.93 million, making for net adds of 6.35 million. When using Google trends, and Netflix subscriptions as a search term, we find that search term has been trend higher in recent weeks. Although it is not nearly as high as around Christmas, the trend is noticeable moving higher, and the keyword is much more widely search today, than a year ago. India will be a major factor in taking this ticker higher. Hefty targets to hit but we also know that Netflix is king of content and has great momentum! $WTW- You all remember me posting that I went short on WTW at $74... well, I still think it has room to go...short volume percent for WTW is 52% as of April 6, 2018. The short volume is 354,871. The total volume is 686,696.... I’m going to continue to ride the wave OP. 🤑 $FEYE- Been bullish on FEYE last since we played the last ER and after seeing that large Sept $20 call bet I will continue to ride this train. The following stats can take this even higher if news comes. Low float short squeeze potential play at its finest. Short volume percent for FEYE is 52% as of April 6, 2018. The short volume is 722,823. The total volume is 1,402,995. $TSLA-Tesla's Quarterly Model 3 Deliveries Surge Past GM's Bolt in the U.S. Although they missed their guidance, they still critics here with this report. Let’s see how the Stock reacts today. Tracks Trade 👨🏻‍💻-Tracks is Bullish on WMT above $88.40 Fun Fact- Did you know that since it’s launch in 2013, Grand Theft Auto V “GTA V” has sold 90 million units, putting its total earnings for publisher Take-Two Interactive Inc. TTWO, -4.06% in the neighborhood of $6 billion. That’s more than ANY movie or media release EVER.... Have a great trading day!

OP Wire 4/9/18 (early edition) Hey OP..... hope you all enjoyed your weekend. We had an awesome week last week so let’s keep the momentum going! Stack and Gain! No Fear Of Missing Out (FOMO) plays causing you to hold winners as they turn into losers. With the market brings so susceptible to news related moves we must employ this strategy more than ever! Stay on OP chat as much as possible as your “trading family” will help remind you this real-time. $QQQ/Tech-High-profile investors, (the same bold entrepreneurs who made billions getting in early on the Internet revolution) are betting big on the next big innovation since the Internet recently! Insiders are already calling it, “More revolutionary than the cotton gin, the steam engine, the PC, and the smartphone COMBINED! Amazon founder, Jeff Bezos… Microsoft Founder, Bill Gates… Facebook investor and PayPal Cofounder, Peter Thiel… Google Founders Sergey Brin and Larry Page are all investing BILLIONS into these new advances. And here’s the thing: Very few outside the tech community are even paying attention to it right now. Everyone is focused on all the macro political events as media beats the drum! Today, this market is worth just $4 billion… But according to Gartner Research, it could reach a massive $3.1 TRILLION in just a few years. THREE TRILLION! That’s a growth rate of 77,000%. Imagine that gain with long options (LEAPS) You all know my view on AAPL and its undervalued PE. Let’s see when wall street finally gets it! $Market- Vanguard founder Jack Bogle has been in the market for a very long time! The 88-year-old investing titan, who is basically the father of passive investing, says this renewed regime of volatility in stocks is “uncanny”. How uncanny? He’s never seen anything like it in his 66-year investing career. As well all know, options need to be timed almost perfectly to enjoy positive outcomes without severe losses. Our rules here at OP are paramount in times like these so keep following them and enjoy the ride. Volatility is our best friend but can also be our worst enemy🤗😱. Keep stacking! $Market/Banks- The week ahead might be crucial but is expected to be very positive. First-quarter earnings season gets under way in earnest on Thursday and Friday, with results from large banks including BlackRock Inc. BLK, -3.43% Wells Fargo & Co. WFC, -1.93% and JPMorgan Chase & Co. JPM, -2.49%. The table has been set in my opinion for a perfect storm reversal as macro/political events have taken the markets down just prior to this ER season and any positive news along with great numbers can cause a major V shaped reversal to all time highs! Let’s see what happens. $Market- Federal Reserve Chairman Jerome Powell on Friday backed a “patient” approach to raising interest rates.“The FOMC’s patient approach has paid dividends and contributed to the strong economy we have today,” Powell said. Let’s see how the market reacts to this! $World- North Korea Ready to Discuss Denuclearization, U.S. Officials Say. This assurance clears the way for a summit meeting between Kim Jong Un and President Donald Trump. $FB- Facebook suspends yet another data analytics company-Data analytics firm CubeYou used personality quizzes clearly labeled for "non-profit academic research" to help marketers find customers CNBC reports. $Fun Fact- If $AAPL spent the whole $300B tomorrow, retiring those shares alone would drive the stock price to almost $260.00 per share. (259.50 based on current price of $268.38 and market cap of $854.36B) See you all in the morning! -Steve

**Futures fall as Trump seeks $100 billion in additional China tariffs** Little known tickers that actually have large exposure at risk if trade war breaks out : (Dow components with double-digit percentage exposure to China) McDonald’s Corp. MCD, +1.37% at 14%, Nike Inc. NKE, +1.71% at 11.4%, Chevron Corp. CVX, +2.45% at 11.2% and 3M Co. MMM, +0.51% at 10.0%. -US- The U.S.’s gold-plated credit rating could be called into question if policy makers entertain further deficit-widening measures in the roughly ninth year of economic expansion, warn analysts at Fitch Ratings. -AAPL- Apple Inc. Chief Executive Tim Cook will be deposed on June 27, as part of Qualcomm Inc.'s lawsuit against the iPhone maker. Apple will give $100 billion more back to shareholders because of the tax cut: Citigroup -CRM- Salesforce.com Inc. confirmed Thursday it is issuing $2.5 billion in bonds to help finance the cash portion of its acquisition of Mulesoft Inc. -TSLA- Tesla Inc. investors shouldn’t let the stock’s surge into bull-market territory on Thursday blind them from seeing the massive zone of resistance that could limit the upside for months.

3 Steps for Controlling Your Emotions 1. Have a plan. 2. Know your time frame. 3. Review the plan.

Stocks to watch tomorrow (long plays) BABA BIDU AMZN AAPL SPOT FB

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