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OP Wire 8/23

-Jerome Powell’s speech is set to begin at 10 a.m. ET. TODAY
Will be a very volatile day so be careful.
Markets will be looking for clarity on upcoming policy after the minutes from the July meeting showed opinion among Fed officials was sharply divided.
Markets are expecting the Fed to cut by another 25 basis points at the next meeting in September but will pay close attention to Powell’s remarks for any signs of further measures. Trump is asking for 100 basis points.

-White House economic adviser Larry Kudlow said that negotiators for the U.S. and China held a "very constructive" teleconference yesterday and that the Trump administration still intends to hold a round of in-person discussions next month, Reuters reports. Kudlow added that trade negotiations under way this week between Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer were making good progress on agriculture and telecoms issues, the report says. The White House advisers did not offer a date for potential talks between Lighthizer, U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, the report notes.


$CRM- Canaccord analyst Richard Davis raised his price target on Salesforce to $185 from $175 following solid Q2 results. The analyst said the results were good in every metric that mattered allayed investor fears of a slowdown. Davis and likes its reasonable current valuation and reiterated his Buy rating on Salesforce shares.

$BA- Next month, the FAA intends to test how pilots with about one year of experience flying Boeing 737 planes handle new software on the MAX model, Reuters' Tracy Rucinski reports, citing four sources with knowledge of the matter. The tests suggest that the administration is making progress in the re-approval process of the MAX for commercial flight, Rucinski notes.
Boeing has informed suppliers that it will resume output of its 737 planes at a rate of 52 jets per month in February 2020, then ramping up to a record 57 jets monthly in June, Reuters' Eric M. Johnson reports, citing three people familiar with the matter. The planemaker told over 100 suppliers during at least one Web meeting July 30 that the new schedule depended upon regulators clearing the 737 MAX for flight again commercially in Q4

I plan wait until after Powell speak at 10am to enter any scalps. I sense that the market will be disappointed and/or will sell the news especially after a decent pop throughout the week. 
If the reaction is positive I will most likely releases the new watchlist over the weekend and enter our next alert play. 
I’ll look to scalp TGT Puts today as well. 
Have a great day everyone- be safe and STACK YOUR GAINS!

 

OP Wire 8/22

Overnight, Ministry of Commerce spokesman Gao Feng said the imposition of new tariffs would force Beijing to “adopt retaliatory actions”, despite U.S. President Donald Trump’s recent decision to delay some tariffs until Dec. 15.

When asked if China’s top trade negotiator Vice Premier Liu He would travel to Washington for further face-to-face talks, Gao said simply that trade teams from both sides have been keeping in touch. As expected, the can continues to be kicked.

Fed Minutes were split yesterday making Friday’s meeting all the more interesting.
Yesterday policymakers were split three ways over the decision to cut rates by 25 basis points with two voting against the move and “a couple” that would have preferred a larger 50 basis point cut.

The Labor Department will publish its number of individuals who filed for unemployment insurance for the week ended Aug. 18 at 8:30 AM ET

$AAPL- Apple is planning to launch Pro iPhones with three-sensor camera systems for better low-light photos and video recording, as well as new iPads and a larger MacBook Pro, Bloomberg's Mark Gurman and Debby Wu report, citing people familiar with the matter. The handsets are likely to be announced next month at an event and go on sale in September, contributing to fiscal Q4 sales, according to the people. 
CNBC's Eamon Javers tweeted: "President Trump tells me he has a better relationship with Tim Cook of Apple than other tech executives. He says that's because Cook is the only one who calls him directly.

$WORK- MKM Partners analyst Rohit Kulkarni initiated Slack (WORK) with a Buy rating and a price target of $40. The analyst is positive on the company's evolution into a "central repository of information" around corporate workflows such as sales, customer service, recruiting, and accounting, saying its value proposition is "even more compelling" as a tool to "connect employees, applications, and data." While he sees Microsoft (MSFT) as a primary competitive threat to Slack in the coming years, he sees the probability of a "winner take most" scenario in enterprise collaboration software market as low.

$BA- Boeing has been awarded a $999M indefinite-delivery/indefinite-quantity contract for A-10 wing replacements. This contract provides for up to 112 new A-10 wing assemblies and up to 15 wing kits. Work will be performed at multiple subcontractor locations in the U.S. and one subcontractor location in South Korea and is expected to be complete by August 23, 2030. This award is the result of a competitive acquisition and two offers were received. FY17, FY18 and FY19 procurement funds in the amount of $239.58M and are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.
Boeing was awarded a $145.89M modification to a foreign military sales contract for the remanufacture of 11 aircraft and new build Longbow crew trainer and spares. Bids were solicited via the internet with one received. Work will be performed in Mesa, Arizona, with an estimated completion date of March 29, 2024. FY10 foreign military Sales funds in the amount of $145.89M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity. 

$TGT- Various upgrades today. May continue to run despite already popping 20% yesterday. When the run ends I expect a nice dip opportunity to pounce on. Worth watching!

Today ill be watching AAPL and TGT. Both should provide nice scalps. I won’t enter any swing plays until after tomorrow’s Fed Meeting with Powell. 
Have a great day OP!

OP Wire 8/21

 

 Fed Minutes meeting will be the focus at 2:00 PM ETtoday-a warm-up act for the Fed's big central banking conference in Jackson Hole that starts Friday.

The Fed cut rates for the first time in a decade in July in what Fed Chairman Jerome Powell referred to as a “mid-cycle adjustment”, disappointing the hopes of President Donald Trump for more aggressive action. Markets see an additional 25 basis point cut in September as certain. Trump asking for a full 1 point...

Existing home sales for July are also on the economic agenda, set for release at 10:00 AM ET.

$BABA- Chinese e-commerce giant Alibaba Group Holdings has postponed plans to issue a secondary offering in Hong Kong amid the ongoing political unrest in the city, Reuters reported on Wednesday citing two unnamed people with knowledge of the matter.

 

$ALT- Altimmune Announces $3.7 Million in Additional BARDA Funding to Advance NasoShield Clinical Development

Phase 1b clinical trial will study effect of dosing methodology on immune response to intranasal anthrax vaccine

 

$NVDA- Benchmark transitioned coverage of Nvidia to analyst Ruben Roy, who has a Buy rating and $210 price target on the shares. Roy sees Nvidia being positioned to grow at a faster CAGR relative to semiconductor peers given the increasing use of GPUs across a diverse set of markets, he noted. 


$BA- Boeing plans to add extra staff and hire "a few hundred" temporary employees at Grant County International Airport in Washington state where it is storing many grounded 737 MAX jetliners, Reuters' Eric M. Johnson reports. The hiring plans are the first publicly detailed steps Boeing will take as it works to deliver hundreds of grounded 737 MAX jets to airlines globally, the report notes. Boeing says it is working toward getting the 737 MAX flying again commercially in the "early fourth quarter" after it secures approval of reprogrammed software for the stall-prevention system at the center of both 737 MAX crashes.
Boeing was awarded a $154.89M modification to a contract to procure new-build Apache AH 64E helicopters. Work will be performed in Mesa, Arizona, with an estimated completion date of December 31, 2022. FY18 and FY19 aircraft procurement, Army funds in the amount of $154.89M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

$AAPL- Bloomberg wrote earlier that Apple (AAPL) in its quest to "reach $50 billion in service sales by 2020," is looking to launch the Apple TV+ movie and TV subscription service by November. The iPhone maker's plans to capitalize on cord-cutting and the increased usage of mobile devices for content viewing is an "increasingly crowded field, led by streaming pioneer Netflix (NFLX) and Amazon (AMZN) In the coming months, Walt Disney (DIS), AT&T (T) and Comcast.'s (CMCSA) NBCUniversal will debut new offerings all targeted at the growing ranks of viewers who are canceling cable-TV subscriptions or watching on mobile devices," added Bloomberg. 
Apple Card, a credit card created by Apple (AAPL), is available in the U.S. Customers can apply for Apple Card through the Wallet app on iPhone and start using it right away with Apple Pay in stores, in apps and on websites. Apple Card has no fees, encourages customers to pay less interest, offers a view of spending and provides privacy and security. Apple Card's rewards program, Daily Cash, gives back a percentage of every purchase as cash on customers' Apple Cash card each day. Customers will receive 2 percent Daily Cash every time they use Apple Card with Apple Pay, and 3 percent Daily Cash on all purchases made directly with Apple, including at Apple Stores, apple.com, the App Store, the iTunes Store and for Apple services. Apple Card is extending 3 percent Daily Cash to more merchants and apps. Customers will receive 3 percent Daily Cash when they use Apple Card with Apple Pay for Uber (UBER) and Uber Eats. Customers can request a ride through Uber in more than 700 cities across the globe and order a meal through Uber Eats in more than 500 cities around the world. Apple Card will continue to add more popular merchants and apps in the coming months. Apple is partnering with Goldman Sachs (GS) as its issuing bank. Goldman Sachs will never share or sell data to third parties for marketing and advertising. Apple is also partnering with Mastercard (MA) to provide the support of a global payments network. Apple Card is now available to qualified customers in the US with iPhone 6 and later.
Apple Arcade, Apple's upcoming video game subscription service, will likely be priced at $4.99 per month, 9to5Mac's Guilherme Rambo reports. The early access program fro the service was being offered to employees at the tech giant for the symbolic price of 49c per month, with a one-month free trial, until the end of the early access period, Rambo says. According to a promotional message found in one of the APIs used by the App store app, the price for Apple Arcade will be $4.99 a month including a one-month free trial, the author notes. 

 

OP Wire Play ideas-

 

$BABA Sept 6$180 Calls @ $3.05 (gap down preferably for entry)

https://i.postimg.cc/FzSMxFkd/13927077-7-D12-4-F07-8280-2-C3-BEEDCDCA4.jpg

Nice support at $175.80 area can be used as stop.

 

$PSTG Jan 2021 $17.50 Calls @ $1.90 Bid (speculation play)

https://i.postimg.cc/JhDChQ75/7-D1-A8-D0-B-2-E69-45-C5-9-BF0-C6960-A0-AF2-D0.jpg

ER after bell today-Stock dropped hard after competition $NTAP reported poorly. 

-Pure Storage Scores High on CRN's 2019 Annual Report Card

Tickers on OP Wire Long Play Watch-

$NIO, $TGT, $ACB, $TEVA, $BA

 

TOP DJI stocks with the best Dividend Rate: 

https://i.postimg.cc/brLBgGNv/D150-F493-388-C-486-E-A433-FC40-BCBE27-D0.jpg

 

 

Today will be dicey.. I’ll be scalping AAPL Calls as I expect a pop into the 2pmfed mins will happen. Have a great day OP!

Op Wire 8/20

U.S. futures registered timid gains on Tuesday as traders waited for new developments in the Sino-U.S. trade impasse as well as a highly-anticipated appearance from Fed Chairman Jerome Powell at the end of the week.

$LULU- Lululemon earnings and comps estimates raised ahead of Q2 results at Cowen  Cowen analyst John Kernan raised his earnings and estimates on Lululemon ahead of Q2 results which are due out later in the month. The analyst said his channel checks suggest its digital and men's categories remain a source of upside while he remains confident that new product, integrated marketing, and online momentum will yield traffic, improving conversion and better comps. Kernan reiterated his Outperform rating and $200 price target on Lululemon shares.

$QCOM- Qualcomm announced that LGE has entered into a new direct worldwide patent license agreement with Qualcomm. Under the terms of the five-year, royalty-bearing agreement, Qualcomm has granted LGE a patent license to develop, manufacture and sell 3G, 4G and 5G single-mode and multimode complete devices. The agreement is consistent with Qualcomm's established global licensing terms.

 $CRM- Wedbush analyst Steve Koenig lowered his price target for Salesforce to $184 from $192

$BYND -JPMorgan analyst Ken Goldman upgraded Beyond Meat to Overweight from Neutral, citing the potential to acquire new foodservice customers, continued strength in measured data and valuation. While he notes that the secondary offering spooked investors, founder and CEO Ethan Brown trimmed just a tiny portion of his holdings, Goldman tells investors in a research note. The analyst thinks the stock is appealing once again with cash-on-hand likely to exceed $300M by the end of the third quarter, and says another guidance raise is potentially ahead.
I think it’s a $25 stock 🤷🏼‍♂️

$DIS- MarketWatch's Francine McKenna reports that Disney has responded to a report on a former accountant at the company saying she filed a series of whisteblower tips with the SEC over the company's revenue reports, with a spokesperson for the media giant saying that the company had reviewed the whistleblower's claims and found that they were "utterly without merit.

Imperial Capital analyst David Miller lowered his price target for Disney to $140 from $147 and maintained an In-Line rating. Miller says he is materially lowering his FY19 estimates by 17c per share due to lower CPMs for the upcoming college football slate in September. As you started to see yesterday, they are trying to take DIS down before the plus launch. Something to be aware of- but also excited about too :)

$AAPL- Apple is targeting a rollout of its Apple+ movie and TV subscription service by November, Bloomberg reports. The company will introduce a few shows and then expend its catalog more frequently over several months, the rpeort says, citing people familiar with the matter. The tech giant is weighing a $9.99 per month price for the service, the report notes.

Today I will look to scalp $AAPL Calls on any dips as I think the market will provide more opportunities on the upside going into Friday’s Fed Decision.
I’ll also be adding more of the DIS Jan 2021 $150 Calls today. 

Hope everyone has a great day! Keep Stacking your Gains!

OP Wire 8/18

Over the weekend, Trump was less optimistic than his aides on striking a trade deal with China, saying that while he believed China was ready to come to an agreement, "I'm not ready to make a deal yet."
Something to keep an eye on is how Trump likes to take his jabs when market pops so be on alert for that. 

Powell Likely to Use Jackson Hole to Suggest Fed Ready to Cut Friday- market will likely run up to that meeting unless Trump uses the strength as opportunity to jab China. 

$AMD- HotChips Conference Today 8/19

$GE- General Electric (GE) issued a response to its statements from last week, saying it believes that its current reserves are "well-supported for our portfolio characteristics.

$NFLX- SunTrust analyst Matthew Thornton kept his Buy rating and $402 price target on Netflix, saying that while its still early, Q3 data around its app downloads and Google searches for original content slate looks "solid"

$DRYS- DryShips announced that it had entered into an Agreement and Plan of Merger with SPII Holdings Inc., a company controlled by the company's Chairman and CEO, George Economou, under which SPII will acquire the outstanding shares of the company that it does not already own for $5.25 per share in cash, without interest. The $5.25 per share price represents a premium of approximately 66% over the company's $3.16 closing stock price on June 12, 2019, the last trading day before the company's announcement of SPII's initial offer to acquire all shares of the company common stock not owned by SPII, The $5.25 per share price reflects an increase of approximately 31% over the purchase price of $4.00 per share proposed in the Initial Offer.

$AAPL- Apple CEO Tim Cook has met President Donald Trump at least five times in a year in an effort to keep him on-side amid the trade war with China, Business Insider's Jake Kanter reports. The latest meeting took place on Friday. Trump tweeted: "Having dinner tonight with Tim Cook of Apple. They will be spending vast sums of money in the U.S. Great!" There are signs that Cook's open dialogue with Trump has benefited Apple, with the company this week being granted a reprieve from Trump's 10% China import tariffs.

$TWTR- Meetings to be held in Toronto on August 19 and in Montreal on August 20 hosted by RBC Capital. 

Have a great day everyone! Stack Your Gains!

OP Wire 8/16

Yields on U.S. government debt were climbing higher on Friday, with the 30 yr bouncing back from record lows after a turbulent week for markets so things look a bit better today for the open at least. I have a feeling it will sell off into close to be prepared for that as China is still expected to retaliate in some fashion.

China’s state planner hinted Friday that Beijing would roll out a plan to boost disposable income as the country grapples with its economic slowdown amid the ongoing trade dispute with Washington. Although no specific details were provided, the announcement comes amid a generalized global move to boost world economies.
Thailand announced Friday plans to inject its economy in the form of government spending and loans to counter its own economic slowdown as well... Both thoughts are helping today’s effort to bounce.

Finally, The Commerce Department will update on the health of the housing market with numbers on housing starts & permits for July at 8:30 AM ET.

$ORCL- Cowen analyst J. Derrick Wood met with Oracle management and came away with a sense the company was on more stable footing with regards to executing on its growth initiatives. The analyst said it was due to maturity of some of its products and pricing approaches, as well as a more effective sales structure. He said the stock may need another quarter or two for people to believe in it before it re-rates higher. Wood reiterated his Outperform rating and $65 price target on Oracle shares.

$LUV- Southwest upgraded to Outperform from Peer Perform at Wolfe Research  

$WMT- BMO Capital analyst Kelly Bania raised her price target on Walmart to $125 and kept her Outperform rating, after its "strong" Q2 results, saying the company continues to take market share in the grocery store space while making the right investments in e-commerce to sustain earnings growth in the future. The analyst notes that despite the weather headwinds in seasonal categories, Walmart's EBIT remained on "solid trajectory" and its e-commerce margins expanded for the second consecutive quarter. Bania further cites Walmart "planting the seeds" for future growth with grocery delivery and innovations in healthcare.

$NVDA- Oppenheimer analyst Rick Schafer maintained an Outperform rating and $190 price target on Nvidia following the company's Q2 results and Q3 guidance, saying he continues to believe the slowdown is cyclical and not secular, and believes concerns are largely priced in the stock. Schafer says he remains a buyer of the shares and feels Nvidia is ideally positioned for growth as Data Center spending rebounds. 
Barclays analyst Blayne Curtis lowered his price target for Nvidia to $170 from $180 following last night's Q2 results while keeping an Overweight rating on the shares. On the face of it, "beat/raise" was much better than expectations, but questions will linger on another datacenter miss and a January that will be sell-through dependent, Curtis tells investors in a post-earnings research note.
Wedbush analyst Mathew Bryson maintained an Outperform rating following the company's Q2 results and Q3 guidance, saying the report highlighted gaming and gross margin strength. In a research note to investors, Bryson says Gaming sales grew substantially, and expects this trend to continue in the October quarter, but says data center growth was more muted than he expected. Overall, Bryson says he he retains his positive view on the company's forward prospects and left his price target unchanged at $184 with his revenue and EPS targets for 2021 barely shifting after accounting for puts and takes.
JPMorgan analyst Harlan Sur lowered his price target for Nvidia to $200 from $205 while reiterating an Overweight rating on the shares following last night's Q2 results. The analyst views the results as "strong" and would be accumulating the shares at current levels. He believes China gaming demand has improved and continues to expect Nvidia's datacenter segment to grow low-double digits quarter-over-quarter.

$BABA- Alibaba price target raised to $225 from $220 at Stifel  Stifel analyst Scott Devitt raised his price target on Alibaba shares to $225 from $220 after the company's "strong" Q1 results demonstrated its "ongoing domination" of the world's largest e-commerce market as the company continues to penetrate less developed areas in China. Devitt, who added that he is encouraged by the company's margin improvement while progress is being made in its strategic investments, keeps a Buy rating on Alibaba shares.

$INTC- Intel upgraded to Market Perform from Underperform at Northland  

As mentioned above, I’m not convinced that this premarket pop will hold throughout the day so I’m gonna lay low. 
I still need to see a couple more things happen before I release this next Watchlist of plays and alert play. 
BA play was sweet from Wednesday for those that played-congrats....
Have a great day everyone!

OP Wire 8/15

China mentioned yesterday that it must retaliate against U.S. President Donald Trump’s initiative to put tariffs on effectively all remaining imports from China.
A statement from the State Council Tariff Committee said China “has no choice but to take necessary measures to retaliate” without specifying further. Look for this to happen & take the market’s down more. 

Retail numbers today at 8:30 EST.

$WMT- Beats and pops Premarket - 

$AAPL- Wedbush analyst Daniel Ives is bullish into Apple's future heading into 2020 and beyond, as the company is seeing stable demand despite the myriad of China challenges and macro swirls. With general nervousness around the Apple story and tech space in light of the U.S./China trade battle and worries around China demand/slowdown, his Asia checks continue to give him "confidence based on supply chain tea leaves that Cupertino is in the process of producing between 75M to potentially 80M iPhone 11 units heading into the September launch period." Ives reiterates an Outperform rating and a $245 price target on the shares.

$M- Guggenheim analyst Robert Drbul lowered his price target on Macy's shares to $20 from $30 after the company reported softer than expected Q2 results, which he said was mainly driven by a gross margin miss but was also impacted by lower than expected sales and asset sale gains. While disappointed by the results, he believes the company's 9% dividend yield is secure and views the valuation as reason to maintain a Buy rating.

$CSCO- Cowen analyst Paul Silverstein lowered his price target on Cisco to $61 from $65 citing its disappointing lowered guidance. The analyst said trends in the bulk of its businesses remain healthy supporting his view of a meaningful increase to its impressive margin structure and improving execution across most product and customer markets which is helping to insulate it from the macro backdrop. Silverstein reiterated his Outperform rating on Cisco shares.

$AMRN- The panel meeting for Amarin's Vascepa is not being held because the FDA found something negative in its review, Cantor Fitzgerald analyst Louise Chen tells investors in a research note. Rather, the analyst thinks the FDA may be hosting an AdCom for Vascepa "because the drug will be used in a very large patient population." Further, Amarin has been preparing, and continues to prepare, for the panel, Chen contends. In addition, she cautions against reading the tea leaves on the FDA's assignment and cancellation of AdCom meetings based on some historical examples. The analyst reiterates an Overweight rating on Amarin with a $35 price target. Chen still thinks the peak sales potential of Vascepa is underappreciated at current share levels. The stock closed yesterday up 53c to $14.82.

Hey OP.... I’ll be looking to short any opening pop today as I feel the negative narrative will continue. Some great deals out there but there is no rush. We will crush the reversal in due time like we always do. Remember, it takes just a few days to make your quarter so patience and timing is very important! See you in chat
Have a great day!

OP Wire 8/14

Worrying data from China and Germany added to fears of a potential global recession this morning.
China’s industrial output growth dropped to a 17 year low in July in another sign that the trade conflict between Beijing and Washington is denting the world’s second-largest economy.
The real mover this morning is how the markets are keeping a close eye on the yields for the U.S. 2- and 10-year Treasury notes as the spread hovers around just one basis point. If the 10 year yield passes below that of the 2 year, it would result in an inverted yield curve that economists warn could be a sign of pending recession. 
I expect Puts will Pay today for scalp & congrats to those that were in chat and played the AAPL chat play (Puts) from $209.88 mark. 
Our patience is really paying off as the rest of the market gets whipsawed - Pat yourself on the back of you have been staying out as I have been. 

$AAP- Credit Suisse analyst Seth Sigman lowered his price target for Advance Auto Parts to $162 from $195.

$JD- Citi analyst Alicia Yap raised her price target for JD.com to $43 from $41 and maintains a Buy rating on the shares following the company's "strong" Q2 results

$NVDA- RBC Capital analyst Mitch Steves lowers his price target on Nvidia to $190 

Hey OP! Today I’ll be looking to scalp Puts. Any of the plays that popped big yesterday will be candidates to scalp puts on in my opinion. Let’s make it a great day OP! Stack Em!

OP Wire 8/12

 

The Futures market reversed gains after China lashed out at protests in Hong Kong, raising fears that it will use force to restore order.

 

The People’s Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday, weaker than the level set last Friday but stronger than 7.0331 expected by analysts according to Reuters.

 

The yield on the U.S. 10-year Treasury slid back below 1.7%. That's still a far cry from the 1.60% seen last week, its lowest level since October 2016.

 

$IBM- JPMorgan analyst Tien-tsin Huang views IBM's acquisition of Red Hat favorably, saying the asset "should energize" IBM's quest to be the leader in hybrid cloud. The acquisition, while not without risks, could significantly accelerate OpenShift adoption rates, and help Red Hat establish the product as an industry standard in Containerization, Huang tells investors in a research note. He raised his price target for IBM to $152 from $147.

 

$WMT- Baird analyst Peter Benedict said he remains comfortable with Q2 Walmart expectations ahead of its report on Thursday. The analyst believes comp trends will remain solid and although he expects pressure on margins from Flipkart, he sees the company continuing to manage and drive SG&A efficiencies. Benedict reiterated his Outperform rating and $115 price target on Walmart shares.


$MU- After hosting investor meetings with management, Citi analyst Christopher Danely keeps a Sell rating on Micron Technology with a $30 price target. The analyst believes the DRAM downturn last into the first half of 2020. However, longer term, he thinks Micron's earnings per share can get back to the peak of $11.74 and the stock could reach $60-plus.

$GE- JPMorgan analyst Stephen Tusa came away from General Electric's Q2 results with no change to his "well below consensus view." GE Power needs a positive core profit contribution on $1B in negative mix revenue headwind "to just get back to breakeven," Tusa tells investors in a research note. Further, Aviation needs 35% growth in its Military business to hit guidance, adds the analyst. Despite the Street's enthusiasm around a beat to low guidance, GE's fundamentals "continue to look negative," argues Tusa. He keeps an Underweight rating on shares of General Electric with a $5 price target. The stock closed Friday down 34c to $9.15.

$ROKU- Needham analyst Laura Martin raised her price target on Roku (ROKU) to $150 and kept her Buy rating, saying the stock remains her top mid-cap pick for 2019. The analyst contends that given their similar enterprise value to forward revenue multiples, she prefers Roku to Netflix (NFLX) as its "value proposition" to advertisers is on the rise. Martin is positive on Roku's position as an "arms dealer" in the OTT race, which makes it "indifferent" to which service or business model wins as long as it can sustain its revenue share from every service. At $150, Needham also has the highest price target on Roku on the Street.

$FB- President Donald Trump is planning an attempt to regulate Facebook (FB) and Twitter (TWTR) over alleged anti-conservative bias, CNN's Brian Fung reported on Friday. According to multiple people familiar with the matter, the White House is drafting an order that would give the FCC responsibility for overseeing how tech companies like Facebook, Twitter, and Pinterest (PINS) keep their services clear of unwanted content. The FTC will also be tasked with opening a public complaint docket and to work with the FCC to develop a report investigating how tech companies curate their platforms and whether they do so in "neutral" ways.

$AMD- Cowen analyst Matthew Ramsay raised his price target on AMD to $42 from $40 and said it remains a top pick following recent investor meetings. The analyst said with solid execution, the path to material share gains is clear as the meeting highlighted company leadership, performance, power and pricing. Ramsay said AMD remains a top pick and he reiterated his Outperform rating on AMD shares.

Hi OP... I’m glad I sold my Calls Friday. Today I’ll be waiting to see where things go. I’m not quite sure that the dip will be bought at it was last week and we may see continued weakness. 

I’ll be looking for opportunities in DIS and AAPL if things drop more later today. 

Have a great day OP! 

OP Wire 8/9

Overnight, China's factory gate prices shrank for the first time in 36 months adding pressure for Beijing to increase economic stimulus amid the ongoing trade war with Washington.

Indicators of growth showed a mixed read as the U.K. economy registered a contraction of 0.2% in the second quarter, its worst since 2012.
One good data point was that Japan’s GDP registered stronger growth in the second quarter, chalking up its best first half reading in two years. I’m expecting a reversal after open that can be scalped a bit but swingtrades will continue to be a challenge so I will be waiting a bit longer to enter a new alert play. Patience is key as there is no sense in entering a trade that has a high probability of failure. The scalps have been great along with the course systems so keep up the great work there while we patiently wait. 
I have revised the watchlist and will release soon (if I see some clarity) 

$UBER- Canaccord analyst Michael Graham said Uber's Q2 results showed strong growth and a solid EBITDA growth. The analyst said he is encouraged by continued expansion of the user base, a more constructive pricing environment for the US rides business, and apparent pricing power evidenced by new fees for Eats. Graham reiterated his Buy rating and $55 price target on Uber shares.
Morgan Stanley analyst Brian Nowak raised his price target for Uber Technologies to $57 from $56 saying he sees "bullish signs" in the company's Q2 results. Uber's core revenue trends have momentum into the second half of 2019, competition for ridesharing "remains rational," and the company's innovation pipeline is "flush," Nowak tells investors in a post-earnings research note. He also believes Uber-wide profits are coming sooner than expected. The analyst keeps an Overweight rating on the shares. The stock in premarket trading is down 8%, or $3.47, to $39.50.

$BBBY- Bed Bath & Beyond upgraded to In Line from Underperform at Evercore ISI

$BIDU- KeyBanc analyst Hans Chung lowered his price target for Baidu to $148 from $160. In a research note to investors, Chung says that his firm's checks may suggest continuously low visibility of advertising demand along with the recently increased level of the U.S.-China trade war, which could negatively impact market sentiment. The analyst remains Overweight on Baidu given attractive valuation and leadership in AI technology.

$AVGO- KeyBanc analyst John Vinh raised his price target for Broadcom (AVGO) to $330 from $310 and maintained an Overweight rating following the company's announcement that it will acquire Symantec's (SYMC) enterprise security business for $10.7B. In a research note to investors, Vinh says that while he sees limited opportunities for revenue synergies from the deal, he is constructive as it remains consistent with the Broadcom consolidation playbook of acquiring highly profitable businesses that are mature in consolidated sectors with a "sticky" customer base.

$DBX- Dropbox last night reported Q2 revenue slightly ahead of expectations, though billings was a bit shy due to a higher mix of monthly invoicing, Jefferies analyst John DiFucci tells investors in a research note. The company expects continued paid users growth and average revenue per user expansion, however, which should benefit from the new Dropbox unified workspace app, adds the analyst. He believes Dropbox posted a "solid" quarter with a "positive" outlook and keeps a Buy rating on the shares with a $32 price target.

$AAPL- Apple to launch special devices for security researchers in 2020, Bloomberg says

Today I plan to scalp next weeks AAPL $202.50 calls and DIS Calls.
Hope you all have a great weekend! OP Lotto tickets will be posted this afternoon. Almost 200 million dollars so let’s get it!

OP Wire 8/8

At 8:30 AM ET, the Labor Department releases its weekly count of the number of individuals who filed for unemployment insurance for the week ended Aug. 4.

The Yen will come into focus Today as Japan is set to release second-quarter economic growth numbers at 7:50 PM ET.

$DG- Goldman Sachs analyst Christopher Prykull upgraded Dollar General to Buy from Neutral and raised his price target for the shares to $152 from $142.

$HTZ- Barclays analyst Brian Johnson upgraded Hertz Global Holdings to Overweight from Equal Weight with an unchanged price target of $19.

$DIS- Credit Suisse analyst Douglas Mitchelson upgraded Disney to Outperform from Neutral and raised his price target for the shares to $150.21 from $130

$AMD- AMD (AMD) on Wednesday introduced the 2nd Generation AMD EPYC family of processors "that deliver performance leadership across a broad number of enterprise, cloud and high-performance computing workloads." AMD said the 2nd Gen AMD EPYC processors feature up to 64 "Zen 2" cores in 7nm process technology. At the event, Google (GOOGL) and Twitter (TWTR) announced new 2nd Gen AMD EPYC processor deployments and HPE (HPE) and Lenovo (LNVGY) announced immediate availability of new platforms.

$AAPL- Apple (AAPL) Eli Lilly (LLY) and health data startup Evidation have teamed up on a study on how iPhones, Watches and Beddit sleep monitors may help detect dementia.

$ROKU- Stephens analyst Kyle Evans upgraded Roku to Overweight from Equal Weight and raised his price target for the shares to $120 from $84.

$NFLX- Netflix (NFLX) has signed a multiyear film and TV deal with Game of Thrones creators David Benioff and Dan Weiss, The Hollywood Reporter's Lesley Goldberg reports

Hey OP! Today I’ll continue to scalp DIS Calls. I’ll also look to buy some AAPL Calls for a couple day hold. 
Yesterday’s DIS plan paid huge and I will add to my long position there today as well.
Chat was making great gains per usual- keep up the good work everyone!
Have a great day😎

OP Wire 8/7

The Chinese yuan stabilized as the People's Bank of China set the official midpoint reference for it at 6.996 to the dollar.
That's a fraction stronger than the 7 per dollar psychological handle that triggered the U.S.'s decision to label the world’s second-largest economy of being a currency manipulator.

Since there will be no major U.S. economic reports on the docket and the yield on the U.S. 10-year Treasury spiraling down to nearly a three-year low, the markets will focus on an appearance Chicago Fed President Charles Evens and an auction of U.S. Treasuries.
Markets will look to Evans’s appearance for potential hints on his outlook for the future path of monetary policy, after his St. Louis counterpart, James Bullard, said Tuesday he feels further rate cuts “may be desirable” later this year. Markets and Trump really want that additional cut.

Oil moved lower on lingering concerns that the Sino-U.S. trade conflict will continue to hurt global growth, lowering demand for crude.
Market focus will center on weekly data that is expected to show that US Crude stockpiles in the U.S. fell for an eighth straight week.

$GWPH- Oppenheimer analyst Esther Rajavelu raised her price target for GW Pharmaceuticals to $239 from $234 after the company reported Epidiolex revenues higher than estimates

$AMD- Matt Bryson of Wedbush notes that AMD is expected to launch its 2nd generation Epyc server part "Rome" on Wednesday at its event in San Francisco. He continues to anticipate a favorable server CPU upcycle ahead for AMD and expects commentary from the event will corroborate this view, including management previewing strong performance specifications for the new parts. Bryson has an Outperform rating and a $39 price target on the shares. 

$BYND- Subway announced a new culinary innovation partnership with Beyond Meat to test exclusive plant-based protein options. Starting this September and for a limited time only, Subway restaurants will test the Beyond Meatball Marinara sub in 685 participating restaurants in Canada and the U.S., the companies announced earlier. "We look forward to a long-term partnership with Subway as we together serve and delight existing and new fans of this iconic chain," said Beyond Meat Founder and CEO Ethan Brown.

$AAPL- Morgan Stanley analyst Katy Huberty reported that data from Sensor Tower indicates that Apple's App Store revenue growth reaccelerated to 19% year-over-year in July, up from just 5% growth in the month of June. Three of the App Store's five largest markets - China, the U.S. and Taiwan - showed a year-over-year acceleration in net revenue growth last month, added Huberty. While "admittedly too early to make a call on September quarter App Store results," these results represents a positive start, said Huberty, who has an Overweight rating and $247 price target on Apple shares.

$EA- Electronic Arts upgraded to Overweight from Neutral at Atlantic Equities

Hi OPers! Today I’ll be looking to buy the Dis Nov $150 Calls at open and will be scalping Calls throughout the day. I see the spending efforts as being positive & necessary for the upcoming Plus launch. 
Have a great day everyone!

OP Wire 8/6

$AMD- Unusual put flow in option market yesterday  Notable put activity was cited Monday in Advanced Micro.
AMD (AMD) downgraded to Hold from Buy at Craig-Hallum with analyst Christian Schwab citing the company's earnings and "disappointing" guidance.

$ATVI- Stifel analyst Drew Crum said he expects a "more subdued quarter" for Activision Blizzard given an overall lighter slate, though he noted that his estimate for net bookings of $1.203B positions him slightly ahead of consensus. He is not anticipating any changes to this year's outlook and continues to expect greater visibility on 2020-'21 moving forward, added Crum, who keeps a Buy rating on Activision Blizzard and edged up his price target on the stock to $55 from $52 ahead of the company's report on 8/8.

$TTWO- Barclays analyst Deepak Mathivanan raised his price target for Take-Two Interactive Software to $124 from $113 saying continued strength in GTA Online and NBA 2K drove a better a beat and raise quarter. The analyst keeps an Overweight rating on the shares.

$SHAK- Barclays analyst Jeffrey Bernstein raised his price target for Shake Shack to $70 from $58 after the company's Q2 results exceeded expectations on the top to bottom lines. With first half of 2019 momentum "across all areas of the business", 2019 guidance for both comp and co-op unit growth was raised to the high end of the prior range, Bernstein tells investors in a research note. However, investors have increasingly focused on earnings growth, which has "proven more difficult to achieve," says Bernstein. As such, the analyst keeps an Equal Weight rating on Shake Shack. He struggles to recommend the stock at "current elevated valuations."

$TEVA- Teva management to meet with Oppenheimer  Meeting to be held in New York, NY on August 9 hosted by Oppenheimer.

$AMZN/$MSFT- Democratic Senators Mark Warner and Jack Reed asked U.S. Defense Secretary Mark Esper in a letter on Monday if "outside" influence caused him to delay awarding the $10B JEDI cloud computing contract, after President Donald Trump suggested Amazon (AMZN) should not win it, Reuters' Bryan Pietsch reports. The senators asked Esper why the Defense Department was reviewing the contract and if Esper was directed by someone outside of the Pentagon to delay or cancel the contract, which was in final talks with Amazon Web Services. Microsoft (MSFT) was the number two contender, while Oracle (ORCL) was eliminated from the competition earlier this year, according to reports

$BABA- Notable call activity on BABA and TEVA Monday.

I’ll be scalping around my $DIS long play. I think it continues to rise into close before reporting after the bell. 
I’m bullish DIS long term- let’s see how things shake out today. A good position is one where you are happy with either result so plan accordingly if you are interested-you should be happy with a drop or a pop with your position and have a plan for either outcome. 
Have a great day everyone!

Chinese government told its state-owned enterprises to suspend all agricultural imports from the US, according to people familiar with the situation cited by Bloomberg.
They also allowed its currency to drop below 7 to the dollar for the first time in 10 years.
Looks like things are about to get real dicey.

$AAPL- Apple's domestic pricing and shipment forecasts aren't likely to be impacted by U.S. tariffs thanks to "proper preparations" made by the tech giant, according to a new investor note by Apple analyst Ming-Chi Kuo

$TGT- Deutsche Bank analyst Paul Trussell upgraded Target to Buy from Hold and raised his price target for the shares to $99 from $85

$WMT- Walmart has no plans to stop selling guns or ammunition following the shooting at a Texas store on August 3, Bloomberg's Henry Goldman reports.

$BA- Testing for Boeing's 737 MAX jets has expanded to cover unlikely emergencies, including potential computer failures pinpointed by overseas authorities that are beyond fixes specifically targeting the automated flight-control system MCAS, The Wall Street Journal's Andy Pasztor reports, citing U.S. government officials briefed on the details. As part of the new focus, regulators also have shifted their attention to the speed at which pilots react to a range of extreme emergencies involving various flight-control features, according to the report. The current trade issues along with the MAX problems has created a nice long position entry.

$RACE- Societe Generale analyst Stephen Reitman upgraded Ferrari to Buy from Hold and raised his price target for the shares to $183 from $141

$BABA- Jefferies analyst Thomas Chong started Alibaba with a Buy rating and $216 price target

Slow news day for the tickers I track- 
As you can see there is major concerns with the trade war heating up. I’ll be laying low today watching or possibly scalping DIS Calls below $140 as I think it will bounce a bit from $139. Have a great day everyone!

OP Wire 8/2

China response coming...
Foreign Ministry spokeswoman Hua Chunying said China would take “necessary countermeasures” although she provided no details on the planned response.

Jobs report-The report, to be released at 8:30 AM , is forecast to show the creation of 164,000 jobs in July, with the unemployment rate sticking at 3.7%.
Some are worried that a stronger report could make it harder for the Federal Reserve to cut interest rates further, in the wake of comments from chairman Jerome Powell earlier this week that expressed skepticism about the need for an easier monetary policy.

Today, Trump’s daily itinerary includes an announcement on EU trade at 1:45 PM ET although no details of what it would entail were specified.

Elissa Smith, a spokeswoman for the U.S. Department of Defense, issued a statement reported by CNBC on the Pentagon putting the $10B JEDI cloud contract on hold while Secretary of Defense Mark Esper reviews it: "Secretary Esper is committed to ensuring our warfighters have the best capabilities, including Artificial Intelligence, to remain the most lethal force in the world, while safeguarding taxpayer dollars. Keeping his promise to Members of Congress and the American public, Secretary Esper is looking at the Joint Enterprise Defense Infrastructure (JEDI) program. No decision will be made on the program until he has completed his examination." 

$WIFI- Oppenheimer analyst Timothy Horan lowered his price target for Boingo Wireless to $23 from $23 and maintained an Outperform rating following the company's "weak" second quarter results. In a researhc note to investors, Horan says the company has been through the "perfect storm," but it is seeing very strong demand for new DAS and for WiFi offload.

$OLED- Universal Display downgraded to Hold from Buy at Needham  

$AMZN- MKM Partners analyst Rohit Kulkani assumed coverage of Amazon.com with a Buy rating and a price target of $2,350. The analyst cites the company's leading position in "fastest growing and yet lowest penetrated market segments" of eCommerce and Cloud Computing along with its "overflowing" growth drivers such as "1-Day shipping, Prime subscriptions, Online Advertising, Online Video, Grocery stores, and B2B commerce."

$GOOG- MKM Partners analyst Rohit Kulkani assumed coverage of Alphabet with a Buy rating and a price target of $1,450. The analyst cites the company's position across a range of "secular trends", including mobile internet, video streaming, smartphones, smart cars, connected devices, and cloud computing. Based on its "shareholder friendly" actions and growth rate, the analyst believes the company deserves a premium multiple.

$AAPL- Apple (AAPL) is working on a range of MacBooks with 5G cellular connectivity for launch in the second half of next year, DigiTimes' Aaron Lee and Willis Ke report. According to the publication, Lenovo (LNVGY), HP (HPQ) and Dell (DELL) will introduce their first 5G models later this year, and Apple is set to follow with its own high-speed cellular notebook in the second half of 2020.

$BA- Boeing redesigning 737 MAX flight control system, Bloomberg reports  Boeing is redesigning the flight control system of the grounded 737 MAX aircraft to rely on data from both of the plane's flight-control computers as opposed to just one, Bloomberg's Julie Johnsson reports, citing a person familiar with the plans. The company is still seeking to present a final software package to regulators by September, though the timeline could slip, the author notes.

$MSFT- Richard Tyler Blevins, more commonly known by his online alias Ninja, a professional gamer and streamer on Amazon's (AMZN) Twitch, announced that he will now stream exclusively on Microsoft's (MSFT) Mixer platform.

Hey OP!
Today I’ll be buying the dip. Will scalp AAPL & DIS Calls today. I’ll add to my Nov position which will average down. 
Have a great day everyone!

OP Wire 8/1

The Fed met expectations for a .25 raise-Powell called the move a “mid-cycle adjustment” and said “it’s not the beginning of a long series of cuts.”
Although markets still bank on an additional cut as early as September, fed funds futures are no longer assuming there will be a third cut this year. 

$FOLD- Conference call to discuss the positive interim Phase 1/2 CLN6 Batten disease data will be held on August 1 at 8:30 am.

$SHOP- Reports Q2 revenue $362M, consensus $350.46M. Subscription Solutions revenue grew 38% to $153M. This increase was driven primarily by growth in Monthly Recurring Revenue, or MRR, largely due to an increase in the number of merchants joining the Shopify platform. Merchant Solutions revenue grew 56%, to $208.9M, driven primarily by the growth of Gross Merchandise Volume, or GMV, as well as by growth in Shopify Capital and Shopify Shipping. MRR as of June 30, was $47.1M, up 34% compared with $35.3M as of June 30, 2018. Shopify Plus contributed $12.4M, or 26%, of MRR compared with 23% of MRR as of June 30, 2018. GMV for the second quarter was $13.8B, an increase of $4.6B, or 51%, over the second quarter of 2018. Gross Payments Volume grew to $5.8B, which accounted for 42% of GMV processed in the quarter, versus $3.6B, or 40%, for the second quarter of 2018.

$AMD- Benchmark analyst Ruben Roy initiated AMD (AMD) with a Hold rating, stating that he expects AMD to continue to benefit from a robust product cycle but he thinks that the current valuation reflects the company's execution.

$IBM- Morgan Stanley analyst Katy Huberty resumed coverage of IBM with an Overweight rating and $170 price target, stating that the company is in the later innings of a transformation meant to return the company to growth and margin expansion, both of which should accelerate post the closing of the Red Hat acquisition. She assumes IBM grows revenue at 2% annual adjusted rate, but noted that her base case doesn't credit IBM with planned Red Hat revenue synergies that could drive added upside.

$VZ- Reports Q2 total consolidated revenue $32.1B, consensus $32.41B. CEO Hans Vestberg says: "Verizon made history this quarter by becoming the first carrier in the world to launch 5G mobility. We are focused on optimizing our next-generation networks and enhancing the customer experience while we head into the second half of the year with great momentum." 

$FB- Facebook is working on a new Portal video chat device, which also connects to a TV and features streaming services, The Information's Alex Heath reports. The company has approached Netflix (NFLX), Hulu (DIS, CMCSA), and Amazon (AMZN) about putting their services onto the device, which is scheduled for release this fall, according to the report.

$EA- EA BOOSTED TO OUTPERFORM AT COWEN: Cowen analyst Douglas Creutz upgraded Electronic Arts (EA) to Outperform from Market Perform. The analyst cited its 20% discount valuation to peers, strong Q1 resultsand upbeat management commentary. Creutz raised his price target to $104 from $95 on Electronic Arts shares.

$AAPL- DA Davidson analyst Tom Forte raised his price target on Apple to $270 and kept his Buy rating after its better than expected Q3 results, saying while iPhone revenue contracted from last year, the sequential improvement was better than expected. The analyst is also positive on Apple's Services revenue growth of 12.6% as a sign that the company is diversifying its business away from smartphones. Forte adds that he is monitoring Apple's progress in advertising, autonomous vehicle development, energy, financial services, and healthcare.

Hey OP! Looks like yesterday’s overreaction to the Fed will give great entries if you didn’t already take advantage. I’ll be scalping AAPL Calls today while sitting in my DIS long play. 
Hope everyone has a great day! Cheers 

OP Wire 7/26

The Bureau of Economic Analysis will report its preliminary reading on second-quarter GDP at 8:30 AM ET rider with annualized growth forecast to slow to 1.8%, the weakest reading in more than two years, from 3.1% in the first three months of the year.

A worse-than-expected number could drive U.S. stocks higher as markets would interpret the reading as ammunition for the Fed to ease policy more aggressively.
A much stronger-than-expected rise in durable goods orders released on Thursday diminished the odds for a larger 50 basis-point cut on July 31 to just above 20%. Following July’s expected reduction, Fed funds futures have priced in additional 25 basis point cuts in both September and December.

$AAPL- Apple confirmed reports that it was on its way to becoming self-reliant in smartphone chips as it picked up the majority of Intel’s modem business. 

$AMZN-Benchmark analyst Daniel Kurnos said he would be a buyer of Amazon shares on the pullback following earnings, stating that he thinks elevated costs could begin to diminish by as soon as Q4 of this fiscal year. The analyst, who said he finds the current situation as "highly reminiscent of the warehouse and datacenter build-out days, if not to a lesser degree," keeps a Buy rating and $2,300 price target on Amazon shares.

$SBUX- BMO Capital analyst Andrew Strelzik raised his price target on Starbucks to $84 after its Q3 earnings beat and raise of FY19 guidance, with the quarter also highlighted by stronger comps and expanding operating margins. The analyst also keeps his Market Perform rating, noting that while the strong underlying growth warrants a higher multiple, his model still puts the stock price below its current valuation.

$GOOG- Cowen analyst John Blackledge raised his price target on Alphabet to $1500 from $1400 following strong Q2 results. The analyst said its topline beat came from re-accelerating revenue on Cloud, YouTube, Mobile and desktop search. Blackledge reiterated his Outperform rating on Alphabet shares.

$HAS- Argus analyst John Staszak upgraded Hasbro to Buy with a price target of $145, citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. The analyst contends that the stock is an "attractive investment for growth-income investors" as it works to expand its business in Asia Pacific and other emerging markets, also raising his FY19 EPS view by 25c to $4.65 and FY20 view by 20c to $5.20.

Hey OP.... well, DIS continues its melt up and seems to want $144. Let’s see if it gets there today. AAPL should close green and WMT continues to drop towards $110.
Let’s see if we can start thinking about a long entry in BA soon.... Have a great weekend!

OP Wire 7/25

07:47 ECB leaves key interest rates unchanged  The European Central Bank (ECB) said 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%, 0.25% and -0.40% respectively. The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the first half of 2020, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the asset purchase program for an extended period of time past the date when it starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favorable liquidity conditions and an ample degree of monetary accommodation.

3M (NYSE:MMM), Bristol-Myers Squibb (NYSE:BMY), Comcast (NASDAQ:CMCSA) and Dow (NYSE:DOW) will report before the bell. 

After the market close, Google-parent Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Intel (NASDAQ:INTC) release quarterly earnings.

$FB- SunTrust analyst Youssef Squali raised his price target on Facebook to $236 after its Q2 results beat "on virtually all financial metrics", also noting that its settlements with the FTC and the SEC remove regulatory roadblocks and increase compliance oversight without "material" changes on the company's consumer data collection. The analyst also keeps his Buy rating on the stock, stating that the management's outlook for the second half appears conservative and "achievable" given the "material" optionality with Facebook's WhatsApp and Messenger platforms.
Oppenheimer analyst Jason Helfstein raised his price target for Facebook to $230 from $225 as he believes the company should continue to deliver outsized revenue growth on highly effective ad targeting and new ad formats. The analyst notes that usage trends remain healthy despite continued negative headlines, while Q2 revenue/DAU increased 18%-plus year over year versus 17%-plus in Q1. Helfstein reiterates an Outperform rating on the shares.

$TSLA- Tesla last night reported a "challenging set of numbers," although its pre-restructuring loss was in line with consensus estimates and its free cash flow better with a $600M operating inflow, Jefferies analyst Philippe Houchois tells investors in a research note titled "Q2 Challenging but Still Encouraging." Tesla's vehicle gross margin improved but remains low for sustainable profitability at this stage, adds the analyst. Further, he believes e. JB Straubel moving to an advisory position adds to fears of "executive fatigue." Houchois keeps a Buy rating on Tesla with a $300 price target.

$PYPL- Oppenheimer analyst Glenn Greene raised his price target for PayPal to $125 from $116 after the company delivered "solid" Q2 results. The analyst reiterates an Outperform rating on the shares.

$T- Cowen analyst Colby Synesael raised his price target on AT&T to $40 from $34 following Q2 results which saw the company meeting/beating revenue/EBITDA for each segment except International versus his estimates. The analyst said the company is on pace to meet/exceed its 2019 guidance. Synesael reiterated his Outperform rating on AT&T shares. 

$AAPL- Apple suppliers see stable demand for new iPhones, Bloomberg reports  Apple's (AAPL) suppliers are preparing to produce components for up to 75M new iPhones in the second half of 19, roughly the same number as in 2018, signaling steady demand despite U.S.-China trade tensions and a decline in the overall smartphone market, Bloomberg's Debby Wu, Yuan Gao and Mark Gurman report, citing people familiar with the matter. The company's Asian suppliers are gearing up to produce components for three new iPhone models to meet holiday-season demand, the people say. iPhone suppliers include Taiwan Semi (TSM), Pegatron and Largan Precision.

Hey OP! 
Gregs Course starts tonight. Only 1 spot left so first to email me asking for it today gets it. All live sessions are recorded for future review if necessary.
Today will be interesting- I’ll continue to stay in the AAPL play while also in DIS long play.
I’m be scalping WMT Puts and EA calls again as I did with the lifers yesterday. 
Taking the kids to Six Flags today so I’ll be a bit out of pocket. Cheers 

OP Wire 7/24

U.S. stock indexes are set to open lower as the Department of Justice’s announcement that it will conduct a broad review into the workings of some of the largest tech companies weighs on some of the market’s biggest blue-chips.

Reporting (notables) today after the bell are:
$FB, $TSLA, and $PYPL 

$UA- Morgan Stanley analyst Lauren Cassel said she expects Under Armour to beat expectations in Q2, driven by in-line to slightly better revenue and higher gross margins. However, she also thinks good news appears priced in and suspects investors will be disappointed if the company does not raise the high end of its existing full-year EBIT guidance. Cassel, who still believes a "beat and raise" report could send the stock higher, keeps an Equal Weight rating on Under Armour shares, citing valuation. 

$KO- Credit Suisse analyst Kaumil Gajrawala raised his price target for Coca-Cola to $54 from $49 as he believes the company's strategy, unveiled by CEO James Quincey in 2017, to more aggressively expand its portfolio beyond carbonated beverages and focus on revenue and transactions over volume to drive growth is now benefiting organic revenue growth. With a well-balanced mix of volume growth, price/mix gains and broad-based strength across regions, Gajrawala believes Coke's improvement is more likely to continue beyond this year. Nonetheless, the analyst reiterates a Neutral rating on the shares, citing valuation.

$CMG- Credit Suisse analyst Lauren Silberman raised her price target for Chipotle to $880 from $870 after the company delivered a "strong quarter" as sales initiatives continue to gain traction. The analyst reiterates an Outperform rating on the shares.

$AMZN- Credit Suisse analyst Stephen Ju raised his price target for Amazon to $2,250 from $2,200 ahead of quarterly results. The analyst expects Amazon to underwrite faster Prime shipping across a greater selection of products, with a rationale consistent with past practice - to place greater distance between its consumer value proposition versus its competitors, and believes that from a guidance standpoint, the incremental shipping-related operating expenses were likely budgeted and are hence a known quantity, while the positive Gross Merchandise Volume impact is a relative unknown. Ju reiterates an Outperform rating on the shares.

$S- The U.S. DOJ is set to conditionally approve the proposed $26B merger between T-Mobile (TMUS) and Sprint (S), The Wall Street Journal's Drew FitzGerald, Sarah Krouse and Brent Kendall report, citing people familiar with the matter. According to the people, the companies have spent weeks negotiating with antitrust officials and each other over the sale of assets to Dish (DISH) to satisfy concerns, and believe the DOJ could announce a settlement with the companies as soon as this week. The merger still faces a legal challenge from several state attorneys general, the report notes

$V- KeyBanc analyst Josh Beck raised his price target for Visa to $195 from $190 after the company reported revenue and EPS ahead of consensus, though lower incentive payments and higher other revenue contributed to the beat. The analyst believes that the pace of innovation as evidenced by M&A and organic momentum opens up a long growth path. Beck reiterates an Overweight rating on the shares. 

Today will be interesting. I think AAPL will open red but will close green. $FB should report well but not sure it will move enough to justify expensive calls so I’ll stay away. 
Let’s see how the day goes. Enjoy it!

OP Wire 7/23

U.S. President Donald Trump reached a debt ceiling deal with congressional leaders overnight that paves the way for more government spending through at least 2021.

Today $KO, $TRV, and $UTX, $LMT, $BIIB, and $HOG all report before the bell.

After the market close $V, $SNAP, $TXN, and $CMG all report. 

$SBUX- Starbucks announced that it will license aspects of the software that power its mobile ordering system to restaurant tech firm Brightloom, formerly eatsa, in return for an equity stake and a seat on the board of directors.

$AAPL- Ahead of quarterly results, KeyBanc analyst Andy Hargreaves views Apple as fully valued at current levels and sees little to drive significant upside to profit expectations. Buybacks and solid free cash flow may continue to support the shares, he adds. The analyst has a Sector Weight rating on the shares.
Apple (AAPL) is in advanced talks to acquire the smartphone-modem chip business of Intel (INTC) and could pay $1B or more for the assets, which include Intel's patents and staff, The Wall Street Journal's Dana Cimilluca, Cara Lombardo and Tripp Mickle report, citing sources. The report states that Intel's smartphone operations have been losing about $1B annually and has underperformed expectations, with the deal said to allow the company to direct its focus on 5G.

$TSLA- Citi analyst Itay Michaeli raised his Q2 non-GAAP loss per share estimate for Tesla to (45c) from ($1.45) to mostly reflect the company's previously reported Q2 deliveries, which he notes were ahead of expectations and in-line with guidance. The analyst, however, keeps his 2020-2021 estimates unchanged for now. He maintains a Sell rating on Tesla shares with a $191 price target.

$QCOM- If Intel (INTC) were to sell its modem business to Apple (AAPL) as reported last night by the Wall Street Journal, it would be an incremental positive for the company, Deutsche Bank analyst Ross Seymore tells investors in a research note. For (QCOM), such a deal would be an incremental negative, adds the analyst, saying it would create a "latent risk" of a design-out. For Apple, the acquisition would have a largely neutral impact to the stock, contends Seymore.

$LMT- Lockheed Martin up 2.7% after Q2 results beat, FY19 outlook raised

$X- Notable profits for the buyer who lifted the $0.13 offer for 5,016 US Steel (X) 7/26 weekly 15.5 calls yesterday at 10:39ET when underlying shares were trading at $14.89. Shares closed at $15.38, and the calls at $0.27 for a mark-to-market profit of 108%, or $69K, on the $64K outlay.
This play was posted in chat last week- congrats to all those that played! 

$SIX- Jefferies analyst David Katz says his review of weather, geolocation, and web traffic data specific to Six Flags suggests the company's attendance growth for Q2 could come in below consensus expectations. The analyst lowered his Q2 attendance growth estimate to up 3.0% from up 6.0%. Average daily precipitation for July thus far is approximately 7% above the 12-year average, which could negatively impact Six Flags attendance, Katz tells investors in a research note. He keeps a Hold rating on the shares with a $56 price target.

Hey OP! Great day yesterday!
I’ll look to continue the plan - riding $AAPL, $MSFT, and $DIS long plays!
$TSLA PUT scalp from $260 yesterday is paying well (OP Wire) and will look to add ROKU Puts soon. 
Have a great day everyone- keep stacking and protecting!

OP Wire 7/22

Boston Federal Reserve President Eric Rosengren forced markets to reevaluate their expectations for policy easing from the U.S. central bank at the 7/30-7/32 meeting.

Rosengren said other monetary authorities such as the European Central Bank or the Bank of Japan may have reasons for policy easing, but the US economy doesn’t need stimulus.

“I don’t want to ease if the (U.S.) economy is doing perfectly well without the easing,” he said in an interview with CNBC, aired after Friday’s market close. Will be interesting...
Markets have priced in odds of 100% rate drop

$AAPL- Morgan Stanley analyst Katy Huberty points to four reasons that she has a positive bias on Apple ahead of its report of June quarter earnings - investor sentiment is unusually negative; she expects Services revenue growth to accelerate for the first time since the March 2018 quarter; iPhone data held up in her checks; and she believes September quarter consensus estimates give the company a low bar and low risk of a guidance miss. The analyst, who slightly raised her June quarter revenue forecast to $53.8B ahead of the company's report, increased her price target on Apple shares to $247 from $231 and keeps an Overweight rating on the stock.

Bernstein analyst A.M. Sacconaghi, Jr. notes that historically, Apple's Q3 results have meant relatively little to investors, whose focus by this time had typically shifted to next year's iPhone cycle. Following Apple's volatile 2019, however, the analyst would argue that Q3 results will likely matter more than usual, as they could shed further light on the iPhone's health in China, price elasticity of iPhone sales, and/or any contraction or further elongation of iPhone replacement cycles. For Q3, he expects Apple to report in-line revenues and EPS, and is slightly below the Street on Services revenues.

$NFLX- Netflix says speculation about selling advertising 'false'  Netflix said in its quarterly investor letter: "Over the next 12 months, Disney, Apple, WarnerMedia, NBCU and others are joining Hulu, Amazon, BBC, Hotstar, YouTube, Netflix, and many others in offering streaming entertainment. The competition for winning consumers' relaxation time is fierce for all companies and great for consumers. The innovation of streaming services is also drawing consumers to shift more and more from linear television to streaming entertainment. If you watch Our Planet on a new TV with Dolby Vision or HDR10, you will see why: the quality of streaming television is spectacular. In the US, our most developed market, we still only earn about 10% of consumers' television time, and less of their mobile screen time, so we have much room for growth. We, like HBO, are advertising free. That remains a deep part of our brand proposition; when you read speculation that we are moving into selling advertising, be confident that this is false. We believe we will have a more valuable business in the long term by staying out of competing for ad revenue and instead entirely focusing on competing for viewer satisfaction." 

$TSLA- As previously reported, Roth Capital analyst Craig Irwin downgraded Tesla to Neutral from Buy. He believes Tesla has a viable path to meet at least the low end of its 360,000-400,000 deliveries guidance for 2019, but this does not eliminate margin risks from rising 2019 battery costs or the impact of intensifying competition, Irwin tells investors. The analyst, who expects the shares to remain range bound until the battery and competition issues are resolved, keeps a $238 price target on the stock

$AMD-Atlantic Equities started AMD with a Neutral rating and $28 price target.

$BA- Jefferies analyst Sheila Kahyaoglu lowered her price target for Boeing to $420 from $448 after the company said it will take a $5.6B charge in Q2 tied to the 737 MAX that will reduce revenue and pre-tax earnings. The analyst cut her Q2 earnings per share estimate to $4.05 from $12.75 as well as her 737 program gross margin to 30% to 32% to reflect incremental block costs. She estimates Boeing will generate $5.2B of free cash flow in 2019, down 62% from 2018 levels. However, in a research note titled "MAX Charge: Clearing the Way into Earnings," Kahyaoglu keeps a Buy rating on Boeing.

$MSFT- Oppenheimer analyst Timothy Horan raised his price target for Microsoft to $160 from $145 and maintained an Outperform rating following the company's "impressive" Q4 beat. In a research note to investors, Horan says Microsoft's cloud-based business keeps building momentum, and its legacy and consumer businesses are healthy. With its large installed base of enterprise customers, hybrid cloud services and lack of channel conflicts, Horan views Microsoft as the best- positioned provider of cloud for enterprise adoption, which is accelerating and is a very large opportunity.

Hey OP.... hope you enjoyed your weekend!
I’ll be targeting 20% gain on the AAPL alert play. I will sell at entry (zero loss) if it retraces before hitting my goal. 

As you all know I love AAPL, MSFT, and DIS for 2019 and they haven’t disappointed all year so far... I still love them and like the long plays on them. The shorter term swing trades should do well with a rate decrease so I would play accordingly if you feel one is coming.
I like TSLA Puts today with a tight stop and I’ll continue to scalp Puts in AMD and WMT. 
SBUX also is a good Put scalp candidate when it pops as it seems to die after initial gap up. 
Will be updating the watchlist soon. Have a great day 

OP Wire 7/19

$BA- Stated Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.
The charge will result in a $5.6 billion reduction in revenue and pre-tax earnings in the second quarter & will equate to $8 a share.

$MSFT- Wells Fargo analyst Phil Winslow noted that Microsoft reported EPS and revenue in all segments that was near the high end of guidance and above consensus estimates, citing both strong execution and robust demand. Following the report and guidance on the call from CFO Amy Hood, Winslow raised his FY2020 estimates for revenue and EPS to $140.98B and $5.26 from $139.5B and $5.25, respectively. After what he called "a great year," he thinks "there's more ahead" for Microsoft given that recurring subscription revenue from Azure and Office 365 continue to "grow robustly" and he sees headwinds abating from a declining PC market and the transition to the cloud. Winslow keeps an Outperform rating and $160 price target on Microsoft shares.

$CRWD- Oppenheimer analyst Shaul Eyal raised his price target for Crowdstrike to $100 from $90 and maintained an Outperform rating following the company's "strong" Q1 results and revised fiscal 2020 guidance. In a research note to investors, Eyal says the company added 543 net new subscription customers during the quarter, and he believes existing customers have continued to add additional subscription modules. The analyst also reiterates his "unique asset, unique valuation" view. 

$PYPL-Wedbush analyst Moshe Katri raised his price target for PayPal to $140 from $125 and maintained an Outperform rating following details from an industry journal related to ongoing efforts for monetizing Venmo. In a research note to investors, Katri says that beyond ongoing revenue generation at Venmo from Instant Cash, Pay with Venmo and The Venmo Card, the article points to ongoing plans to integrate Venmo into PayPal's Hyperwallet, which helps organizations manage payments/payroll to freelancers, as well as into Xoom, PayPal's money transfer service. Katri says he continues to see multiple potential avenues for significantly expanding Venmo's user base and ongoing run rate while improving profitability levels. I like PYPL long.

$GRUB- Benchmark analyst Daniel Kurnos started GrubHub with a Buy rating and $95 price target. Although the shares have rebounded ~25% from recent lows, the stock remains down almost 50% from its 52 week high due to multiple compression from the perceived threat of increasing competition, Kurnos tells investors in a research note. The analyst expects Grubhub to remain one of the winners in the online food delivery space. Further, he sees "several levers" that could drive upside to estimates over the near-to-medium-term, including enterprise-level wins and improving diner retention.

$AAPL- Nomura Instinet analyst Jeffrey Kvaal raised his price target for Apple to $180 from $175 to reflect higher market multiples while keeping a Neutral rating on the shares.

$AMZN- Amazon is hiring for two roles that are part of a new team called "stealth advertising innovation" to disrupt the gaming industry, Business Insider's Lauren Johnson reports. The job postings promise candidates "unparalleled" access to Amazon's data, suggesting that Amazon may be making advertising a bigger priority, Johnson says. 

Morning OP.... so, today feels like any green at open should be sold... 
Disney Lion King release should be great news for DIS- let’s see if it makes it back to $144 by Monday. I’ll be re-doing the Short Term Watchlist since the one I issued last week performed so well so quickly!
Have a great weekend everyone!

OP Wire 7/18

$IBM-Reporter a positive performance in its cloud business helped push earnings above forecast, a fourth consecutive decline in group revenue for the quarter put pressure on the stock.

$MS will be the focus as it reports ahead of the opening bell. Union Pacific will also be closely watched after CSX's weak numbers earlier were taken as a proxy for the broader health of the real economy. UnitedHealth, SunTrust Banks, M&T Bank, and Honeywell International are also due to report.

$MSFT-Reports today and traders will be focused on cloud division Azure, plans for the next Windows refresh and any updates on its competition with Amazon for a multi-billion dollar Pentagon contract.

$TTD- Jefferies analyst Brent Thill downgraded Trade Desk to Hold from Buy while raising his price target for the shares to $250 from $225.

$NFLX- William Blair forecasts for NFLX 298M global subscribers at year-end 2025, and a stock price of roughly a $621 stock by 2024, with a discounted value today of roughly $378. Schackart keeps an Outperform rating on Netflix shares. 
Morgan Stanley keeps an Overweight rating and $450 price target on Netflix shares.

$MU- BofA Merrill Lynch analyst Simon Woo raised his price target on Micron shares to $60 from $45

$EBAY- Credit Suisse analyst Stephen Ju raised his price target for eBay to $49 from $43 following quarterly results. The analyst reiterates an Outperform rating on the shares.

$KMX- BofA Merrill Lynch analyst John Murphy raised his price target on CarMax shares to $150 from $112

$MCD- Cowen analyst Andrew Charles raised his price target on McDonald's to $235 from $225 ahead of Q2 earnings.

Hey OP! Expecting another red day today. Scalping puts as I feel things will be weak. 
Chat has been on fire with scalp plays - keep it up guys!
The courses are really helping folks stack gains - love seeing it on chat. 
Have a great day everyone 

 

OP Wire 7/17

Bank earnings continues on Wednesday with the release of quarterly numbers from $BAC ahead of the open. Investors will likely focus on the bank's cost-cutting efforts along with its investment banking performance.

$NFLX reports after the bell today where the focus will be on subscriber growth trends and on the rising cost of content production.

$IBM reports after the bell today as the market will also be looking for guidance on the impact of its costly Red Hat acquisition.

Market focus will be on the weekly release of US Crude inventories at 10:30 AM ET amid expectations for a fifth weekly decline of 2.69 million barrels. 

$MSFT- Credit Suisse analyst Brad Zelnick expects Microsoft to report "solid" Q4 results, as the company continues to execute against its vast opportunity set, spanning the Intelligent Cloud to the Intelligent Edge. While the analyst remains mindful of the increasingly difficult compares the company faces through the remainder of the calendar year, he expects management will provide 2020 guidance in line with its preliminary view of double-digit revenue and operating income growth. Zelnick reiterates an Outperform rating and $145 price target on the shares.

$FB- The Committee holds a hearing entitled, "Examining Facebook's Proposed Cryptocurrency and Its Impact on Consumers, Investor, and the American Financial System" with Chief Strategy Officer Demirors of CoinShares and CEO Marcus of Calibra on July 17 at 10 am. 

$CAT- Credit Suisse analyst Jamie Cook lowered his price target for Caterpillar to $164 from $172, following dealer survey results. For 2019, 75% of dealers reiterated prior forecasts calling for demand to be flat to up 5%, whereas 25% cited risks to full year estimates, albeit modest, he contended. Overall, the analyst points out that demand is "holding okay" but there was clearly less optimism on the opportunity for upside to forecasts versus Q1, with some suggesting downside risk in the mid-single digit range. Cook has an Outperform rating on the shares.

$UAL- Deutsche Bank analyst Michael Linenberg raised his price target for United Continental to $108 from $105 citing the company's "strong" earnings momentum. The analyst keeps a Buy rating on the shares following United's June quarter results.

$WFC- BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo to $59 and kept his Market Perform rating after its operating expense-driven miss in Q2. The analyst also lowers his FY19 and FY20 EPS views by 9c and 37c to $4.40 and $5.20 respectively given the bank's lower net interest income and higher costs. Fotheringham contands that although Wells Fargo shares trade "well below" their average historical multiples, value investors should stay away until there is an update on guidance from a permanent CEO and the Fed gives more clarity on the timing of potential lifting of the bank's asset cap.

$ACB- Ladenburg Thalmann analyst Glenn Mattson started Aurora Cannabis with a Buy rating and $9 price target. Within the cannabis space, the analyst favors Canadian companies who are focused on long-term value creation and gaining market share as well as those with a well-defined plan for potentially entering the U.S. market. He initiated coverage on the cannabis space with a "bullish long-term outlook." Aurora is one of the most aggressive capacity expansion plays in the cannabis universe, Mattson tells investors in a research note. While many companies are adding capacity with a "cautious eye toward a potential oversupply situation," Aurora is taking the view that cannabis production has consistently failed to keep up with demand in the small Canadian market, he explains. Further, Mattson believes Aurora has a well-defined international strategy.

I took all the gains yesterday. I have a feeling today will close red so I’m playing some put scalps. Im eyeing DIS Calls after we see some sort of a drop soon. Today I’ll be laying low for the most part unless something presents itself that I feel I must take advantage of. 
Wanting WMT to confirm reversal so I can hammer the Puts there. Have a great day OP!

OP Wire 7/16

Todays market focus is set to remain tuned to bank earnings, after Citigroup (NYSE:C) reported a weak-looking set of underlying numbers that were flattered by a one-off gain.

JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Goldman Sachs (NYSE:GS) release earnings before the opening bell.

Retail Sales and industrial make up the top-tier U.S. economic data on Tuesday.

$FB- Facebook (NASDAQ:FB) executives will testify in front of the Senate Banking Committee on Tuesday, with the company under pressure to defend its digital coin project Libra.

$GOOG- President Donald Trump tweeted: " 'Billionaire Tech Investor Peter Thiel believes Google should be investigated for treason. He accuses Google of working with the Chinese Government.' @foxandfriends A great and brilliant guy who knows this subject better than anyone! The Trump Administration will take a look!"

$MU- Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar tell investors in a research note that Micron's (MU) "impressive" climb to the mid-$40 levels since its earnings report is powered by three factors, including the easing of Huawei restrictions, a supply outage at Toshiba's (TOSBF) Yokkaichi fab and Japan trade restrictions of exports to South Korea of some essential raw materials used in semiconductor manufacturing. The analysts say that some of the additional factors "may have played out," and, noting headline risk to Micron as a "complex" earnings season approaches, have caused them to consider taking profits.

$NFLX- In a preview of the upcoming earnings report from Netflix, Morgan Stanley analyst Benjamin Swinburne said he expects the company to again deliver record net additions in FY19 and near double digit ARPU growth supported by its recent price increases. He remains in-line with guidance for 300,000 U.S. paid net adds and 4.7M international net adds in Q2 and raised his Q3 revenue and earnings estimates for more international price increases than he'd previously expected. Swinburne keeps an Overweight rating and $450 price target on Netflix shares.

$MSFT- Ahead of Microsoft's quarterly results, Wedbush analyst Daniel Ives expects the company to post a "solid beat" across the board on both the top and bottom line as cloud strength on Azure and Office 365 continues to be the fuel in the tank with strong field checks indicating the company could beat commercial cloud expectations by about 3%-plus. The analyst believes the shift to cloud is a major secular trend and key tailwind that is significantly benefiting Microsoft in the field and should continue its momentum heading into fiscal year 2020 based on his checks showing an inflection point of demand is abound. Ives reiterates an Outperform rating and $155 price target on the shares
BMO Capital analyst Keith Bachman raised his price target on Microsoft to $153 and kept his Outperform rating, saying the company should "easily meet or modestly exceed" consensus expectations for the upcoming quarterly results. The analyst adds that Microsoft can serve as both an "offensive and defensive" stock, and that his new price target reflects his conviction about the company being able to sustain a double-digit revenue growth rate.

$SQ- KeyBanc analyst Josh Beck says that following on his Boost scenario analysis, he ran a consumer survey for Cash Card users. While the survey did indicate relatively high interest that could potentially constrain yields near-term, the long-term ramifications from a rapidly growing ecosystem where his Key First Look Data indicated near triple-digit Cash App growth fueled by increased engagement are positive, he contends. The analyst remains constructive on growth potential yet is patient as he thinks the Cash App monetization narrative may take quarters to develop. Beck reiterates an Overweight rating and $100 price target on the shares.

$BABA- Raymond James analyst Aaron Kessler reiterated his Strong Buy rating on Alibaba and repeated his call for the stock being his top large cap internet pick ahead of the company's upcoming June quarter earnings report. National Bureau of Statistics data indicates that online sales of physical goods increased 22.3% in the quarter while he believes Alibaba had a strong mid-year shopping festival based on reported data, Kessler tells investors in an earnings preview note. He keeps a $280 price target on Alibaba shares.

Ride the wave- the short term Watchlist plays continue to pay. Still waiting for the WMT play as we continue to wait for reversal confirmation. 
AAPL, NVDA, and DIS have been great! 
I do sense a red day ahead soon so be ready. Enjoy the day!

OP Wire 7/15

Although the Chinese economy registered its slowest growth in 27 years, strong readings of  industrial, retail, and capital gave rise to hopes that the world’s second-largest economy may be stabilizing despite the ongoing trade conflict with the U.S.

Bank earnings this week starting with JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Goldman Sachs (NYSE:GS) reporting on Tuesday, followed by Bank of America (NYSE:BAC) on Wednesday and Morgan Stanley (NYSE:MS) on Thursday.

$BA- American Airlines extends Boeing 737 MAX cancellations for fourth time
Boeing's 737 Max planes are unlikely to be ready to carry passengers again until 2020 because of the time it will take to fix flight-control software and complete other steps, The Wall Street Journal's Andy Pasztor, Alison Sider and Andrew Tangel report. The situation remains fluid, no firm timeline has been established and Boeing still has to satisfy U.S. regulators that it has answered all outstanding safety questions, the authors note, adding that under the latest scenario, the global Max fleet is now anticipated to return to the air in January 2020, a full 12 months after the plane maker proposed its initial replacement of software eventually implicated in a pair of fatal crashes, according to some Federal Aviation Administration officials and pilot-union leaders.

$CMG- Wells Fargo analyst Jon Tower raised his price target for Chipotle to $696 from $647 ahead of quarterly results as he expects both the top and bottom lines to come in modestly better than expected. Nonetheless, Street EBITDA numbers are likely to remain intact for 2019 given avocado inflation, he contends, adding that he finds it difficult to argue for greater near-term upside potential for the shares given the stock's risk/reward. Tower reiterates a Market Perform rating on the shares.

$MCD- Wells Fargo analyst Jon Tower raised his price target for McDonald's to $235 from $218 ahead of quarterly results as he expects "another solid quarter" of global same-store sales results, including slight upside in the U.S. Shares continue to offer one of the better risk/rewards within the restaurant universe over the next 12 months, he contends, reiterating an Outperform rating on the shares.

$WORK- Canaccord analyst Richard Davis initiated Slack Technologies with a Buy rating as it displays best-in-class metrics, should have a likely adoption curve, and he expects it to grow 30%+ free cash flow due to its high gross margins. Davis has a $40 price target on Slack Technologies shares.

$NFLX- Ahead of Netflix's quarterly results, KeyBanc analyst Andy Hargreaves expects modest upside to Q2 guidance and Q3 subscriber guidance that is largely in line with current sell-side expectations. While the analyst sees the potential for some upside to this expectation, he maintains the magnitude of upside is likely to be limited, which is likely to prevent material near-term stock appreciation. Hargreaves has a Sector Weight rating on the shares.

The Watchlist plays continue to pay!
Will ride them (AAPL, DIS, NVDA Calls) while waiting for WMT to reverse so we can hammer the Puts there. Hope you all have a great day 

OP Wire 7/12

$NFLX- Credit Suisse analyst Douglas Mitchelson tells investors in a research note that Netflix app download trends weakened dramatically in the second quarter, with global downloads up 8% year-over-year vs. an increase of 24% y/y in the first quarter, driven by price increases and was anticipated in guidance. Mitchelson, who maintains an Outperform rating, $450 price target and second quarter estimates, notes downside risk and little upside potential for Q2 international net adds.

$LULU- Stifel analyst Jim Duffy raised his estimates for Lululemon, citing opportunities he sees associated with the planned 2020 market expansion of lululemon practice, a fee-based membership program that provides benefits to enrolled members. In addition to providing revenue from annual membership fees, he expects the program to help Lululemon better serve its most valuable and engaged guests. Duffy raised his price target on Lululemon shares to $238 given his increased estimates and keeps a Buy rating on the stock.

$OLED- Needham analyst James Ricchiuti raised his price target on Universal Display to $210 and kept his Buy rating, saying the resiliency of the stock given the concerns about smartphone demand and supply chain disruptions related to Japan-South Korea trade tensions has been impressive. The analyst notes that while these factors could keep Universal Display from reaching the high end of its FY19 revenue growth outlook, he remains constructive on the company and expects "strong" revenue growth to continue in 2020 and 2021.

$GRUB- Wedbush analyst Ygal Arounian tells investors in a research note that he sees a "minor likelihood" that rules by the NY State Liquor Authority that can limit fees that can be charged by food-ordering companies such as GrubHub will have a meaningful impact on the company's GFS or revenue, as any cap would also be placed across all competitors. Of greater risk, Arounian says, is driver employment status, as pressure from the recent ruling in California would push to require GrubHub and others to classify drivers and delivery people as full time employees. The analyst maintains an Outperform rating and $100 price target.

$JNJ- Credit Suisse analyst Matt Miksic assumed coverage of Johnson & Johnson with an Outperform rating and $156 price target. In a research note to investors, Miksic cites key drivers to the rating, including continued growth in Immunology, driven by Stelera and Tremfya, sustainable growth in Oncology driven by Imbruvica, Darzelex and Erleada, an "attractive" pipeline of filings in the 2019-2023 timeframe with greater than$1B potential each, and "stable" growth and cash flows in Medical Devices and Consumer.

$SNAP- Goldman Sachs analyst Heath Terry upgraded Snap to Buy from Neutral and raised his price target for the shares to $18 from $13. The stock closed Thursday up 31c to $15.57. The company's new Android app, the launch of Snap Games and new viral lenses should accelerator user growth, Terry tells investors in a research note. He points out that Snap's total app downloads for May, the first month reflecting these recent innovations, was a record 41M. This represents a "stark reversal" of what were otherwise multi-year lows in app downloads that the platform experienced through most of 2018 and early 2019, says the analyst.

$SQ- Citi analyst Peter Christiansen recommends buying shares of Square after his analysis pointed to improving momentum. Square is delivering on accelerating the pace of product development, Christiansen tells investors in a research note. Further, he believes Square Card, the debit card for business, will likely increase Seller platform engagement and indirect opportunities with Square Capital. The analyst keeps a Buy rating on the shares with a $90 price target.

$BIDU- Barclays analyst Gregory Zhao lowered his price target for Baidu to $145 from $160 ahead of the company's Q2 results and keeps an Equal Weight rating on the shares.the principle problem for Baidu is how to bridge the gap between the present ads revenue growth slowdown and the ramping-up of the high-tech units' monetization, which might take three years, Zhao tells investors in a research note. While positive on Baidu's mid- to long-term outlook, he believe investors' current focus is still on its ads business.

$NVDA- After surveying gamers across the United States to get a better grasp of current Nvidia gaming trends, Piper Jaffray analyst Harsh Kumar reiterates an Overweight rating on the shares with a $200 price target. The relatively new technologies of ray tracing and video game streaming "garnered strong interest," as both are still in the very early ages of commercialization, Kumar tells investors in a research note. Further, the analyst is encouraged that over 70% of respondents in the survey are either increasing or maintaining their GPU spending patterns.

Hey OP! Looks like that NVDA Watchlist play I sent out a few days ago is paying huge. I expect it to continue. AAPL provided a nice dip to play that one again. Expect DIS to pop too.
AMD looks top heavy here and NUGT may be good for Puts soon. Hope y’all have a great weekend! Enjoy!

OP Wire 7/11

Fed Chairman Powell will be back at it beginning at 10:00 AM ET - this time to the Senate Banking Committee - he will have the opportunity to emphasize his dovish outlook in the Q&A with senators, as well as to add to the critical comments he made regarding Facebook's digital currency project Libra on Wednesday. Let’s see if Bitcoin continues to dive while he speaks. 

The latest inflation and labor market data will be released at 8:30 AM ET.

CPI for June will be taken in the context of Powell’s comments that there is a risk that weak inflation may be even more persistent that the Fed currently expects.

OIL- At a six week high here as heightened tensions in the Persian Gulf and storm warnings in the Gulf of Mexico supported prices. Iran reportedly seized a UK oil tanker in the Persian Gulf, according to CNN, although Tehran officially denied the report.

$COST- Stifel analyst Mark Astrachan noted that Costco (COST) reported "solid" June comparable sales growth of 5.1% total and 5.3% for its U.S. core business, which were both a bit better than consensus forecasts. He reads the results as an indication that Costco can coexist with large hardline competitors like Walmart (WMT) while having limited cannibalization from Amazon (AMZN), Astrachan tells investors. He also continues to view it as "reasonable" that Costco could declare a special dividend in the next few quarters given its "sizable and increasing" cash balance. Astrachan keeps a Buy rating on Costco shares and raised his price target on the stock to $289 from $261.

$WMT- Goldman Sachs analyst Kate McShane started Walmart with a Buy rating and $123 price target. The analyst expects the company's "aggressive" omni-channel strategy to continue driving "strong" sales growth.

$TGT- Goldman Sachs analyst Kate McShane started Target with a Buy rating and added the shares to her firm's Americas Conviction List with a $102 price target. Target is starting to benefit meaningfully from door closures, and an inflection in operating income growth should drive accelerating earnings growth, McShane tells investors in a research note. 

$MSFT- Microsoft initiated with an Outperform at Cowen  Cowen analyst Nick Yako initiated Microsoft with an Outperform rating and $150 price target.

$NFLX- UBS analyst Eric Sheridan kept his Buy rating and $420 price target on Netflix (NFLX), saying he sees the company's competitive moat growing in strength. The analyst notes that while the launch of Disney+ (DIS) at the end of this year remains an unknown, the pricing power and content success of Netflix have resulted in "only modest" churn dynamics and "broad-based" add trends.

$TSLA- Even though Tesla achieved a new record quarter for deliveries, the company told employees that they missed their goal by 200 cars, meaning that the employees won't be receiving bonuses, Electrek's Fred Lambert reports. Last week, the car maker confirmed that they delivered 95,200 vehicles in Q2, a new record, though two sources familiar with the matter told Electrek that the company told employees that they were 200 cars short and didn't say anything about them getting bonuses. 🤔

$BA- Boeing confirmed that the company and Qatar Airways finalized an order for five Boeing 777 Freighters during a ceremony at the White House on July 9. The order, worth $1.8B at current list prices, was previously announced as a commitment at the Paris Air Show in June. The signing ceremony, witnessed by U.S. President Donald Trump and His Highness, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, was announced yesterday by the White House.

$UBER- Needham analyst Brad Erickson kept his Buy rating and $52 price target on Uber, saying his long-term bull case scenario has the stock trading to $130. The analyst contends that "excess supply" is critical to the company driving a "transformational change in transportation", which the company is pursuing with its current $3B EBITDA headwind. Erickson is also positive on Uber's "optimal" positioning for value creation after discussing the potential for driving autonomy with the head of transportation of one of the mid-size cities in the U.S.

Hey OP!
Today I’ll continue to ride my Watchlist entries from yesterday. Dont be afraid to take gains and then buy dips. Keep stacking!
Have a great day

OP Wire 7/10

Show term watchlist is posted in OP site/app.
It is only valid if today’s Fed testimony goes without a selloff.

Federal Reserve Chairman Powell will be the focus of attention as he delivers his semiannual monetary policy report to Congress at 10:00 AM ET.

$CRM- Salesforce management to meet with KeyBanc  Meeting to be held in New York on July 10 at 8 am jointly hosted with KeyBanc

$V- Wells Fargo analyst Donald Fandetti raised his price target for Visa to $200 from $181 ahead of quarterly results as he expects "meet and beats" into earnings from the card networks and issuers, as the U.S. consumer data points he tracks are holding up well. The analyst reiterates an Outperform rating on the shares.

$MA- Wells Fargo analyst Donald Fandetti raised his price target for MasterCard to $305 from $285 ahead of quarterly results as he expects "meet and beats" into earnings from the card networks and issuers, as the U.S. consumer data points he tracks are holding up well. The analyst reiterates an Outperform rating on the shares.

$COST- Oppenheimer analyst Rupesh Parikh raised his price target for Costco to $295 from $270, while reiterating the stock as a top pick. The analyst continues to believe a premium valuation is warranted and is increasingly supported by a much more accommodative interest rate backdrop. In addition, Parikh thinks a potential special dividend per his estimate of $10-$15 could further enhance investor returns in coming quarters. On the natural/organic front, Costco continues to expand the organic selection at healthy rates, he adds. The analyst reiterates an Outperform rating on the shares.

$HD- Home Depot management to meet with UBS  Field Trip to company headquarters to be held in Atlanta, GA on July 16-17 hosted by UB

$NIO- NIO Inc. reports Q2 deliveries of 3,553  NIO Inc. provided delivery results for Q2. NIO delivered 1,340 vehicles in June, up from 1,089 deliveries in May and 1,124 deliveries in April. Deliveries of the ES6, the company's 5-seater electric SUV, commenced on June 18 to external users. The total deliveries of ES6 reached 413 vehicles in June. Q2 deliveries totaled 3,553, exceeding the midpoint of the company's prior quarterly guidance range of 2,800-3,200 by 18.4%.

$TSLA- Tesla is preparing to increase output at its electric car factory in Fremont, California, Bloomberg's Josh Eidelson reports, citing an internal email. "While we can't be too specific in this email, I know you will be delighted with the upcoming developments," Tesla's automotive president, Jerome Guillen, said in the email. The company "hit new records in all production lines for output and efficiency" in the latest quarter, both in Fremont and in Nevada, Guillen also said

$NFLX- Piper Jaffray analyst Michael Olson says his analysis of Netflix search trends points to "solid" Q2 results, with potential for domestic subscriber upside and in-line international subs. Specifically, Q2 guidance calls for 8.2% year-over-year domestic sub growth and the search index says 11.8% growth, Olson tells investors in a research note. For international, Q2 guidance calls for 36.5% year-over-year sub growth and the index says 45.1%, adds the analyst. He believes investor expectations are for a largely in-line Q2, with potential for Q3 guidance slightly above consensus due to a strong Q3 content slate. Olson maintains an Overweight rating on Netflix shares with a $440 price target.

Be careful during the Fed testimony today. 
Have a great day OP! 

OP Wire 7/9

Today Jerome Powell will kick off a busy week of appearances from policymakers.

Powell’s Tuesday speech is not expected to make too many waves with the opening remarks at a conference on bank stress testing, but markets will keep the Fed chief in the spotlight ahead of his semiannual report on monetary policy to Congress beginning on Wednesday.

Markets still seem to have priced in a quarter-point cut at the Fed's July 30-31 meeting, although the jobs report reduced expectations for a half-point cut. I dont think there will be any cut. Will be interesting.

Trade Front- The U.S. has put on ice its plans for higher tariffs on Chinese imports, but raised the political pressure on China in other ways overnight, approving the sale of around $2 billion in arms to Taiwan - a move that China’s Defense Ministry said it was firmly opposed to.

Top trade negotiators from the two countries are expected to speak over the phone this week. The Wall Street Journal suggested conversations this week would set the path for the next round of face-to-face talks in Beijing. BASF said it doesn't expect any detente any time soon. This can will continue to be kicked in my opinion...

OIL- Despite concerns over the global economy, ongoing tensions in the Middle East kept oil prices supported on Tuesday ahead of weekly U.S. inventory data.

Iran threatened to restart deactivated centrifuges and step up its enrichment of uranium to 20%, in a move that further undermines 2015 nuclear agreement that Washington abandoned last year, but which the UN still backs.

Today, the American Petroleum Institute will release its weekly report on US stockpiles last week.

$ALT- Altimmune's stock soars after adding NASH candidate with purchase of Spitfire Pharma

$AAPL- J.P. Morgan analysts said on Monday that they expect Apple’s 2020 iPhones to spur growth in unit sales, thanks to new modems and displays.
The analysts increased their year-end price target on Monday to $239 from $233.
Morgan Stanley analyst Katy Huberty noted that third-party data from Sensor Tower indicates that Apple's June quarter App Store net revenue grew 17.5%, which she notes would mark the second straight quarter of accelerating App Store growth. If she uses the Sensor Tower App Store revenue figure of $3.85B and keeps all her other Apple Services forecasts unchanged, it would imply June quarter normalized Services revenue growth of 20.0%, which Huberty notes is 1.5% higher than consensus. She maintains an Overweight rating and $321 price target on Apple shares.

$TIVO- TiVo announced that the company has entered into a global intellectual property, or IP, license agreement with LG Electronics. This agreement expands upon LG's previous Rovi patent portfolio license to also include the TiVo patent portfolio. 

$VLRX- Valeritas price target raised to $12 from $1.25 at Oppenheimer  Oppenheimer analyst Steven Lichtman raised his price target for Valeritas to $12 from $1.25 reflecting the Q2 1-for-20 reverse stock split. The analyst reiterates an Outperform rating on the shares.

$NFLX- Cowen analyst John Blackledge maintained an Outperform rating and $455 price target on Netflix ahead of the company's second quarter earnings on July 17. In a research note to investors, Blackledge says he expects "solid" results, with Original programming hours up 52% year over year serving as a tailwind. Additionally, the analyst says his firm's latest U.S. survey data suggests about 51% of Netflix users will watch "Stranger Things" Season 3 and many lapsed users may resubscribe, possibly driving gross additions at the end of Q2 and into the third quarter.

$AMD- Nomura Instinet analyst David Wong raised his price target for AMD to $37 from $33 after the company yesterday announced global availability of five new 7nm 3rd Generation Ryzen desktop CPUs, two new Ryzen 3000 desktop processors with integrated graphics, and three new GPUs in its 7nm Navi family. The analyst also expects AMD to launch its 7nm Rome server processor family later this quarter. He keeps a Buy rating on AMD.

Hey OPers! Today I’ll continue to ride those two AAPL call plays I posted in chat along with the SBUX Puts and WMT Puts I have been managing. 
Have a great day everyone!

 

OP Wire 7/8

 

The strong U.S. employment report released last Friday continues to make itself felt in global equity markets. Futures point to a lower open after a negative close in Asia and while European stocks also slipped in morning trade.

 

224,000 jobs created in the U.S. forced markets to lower their expectations for aggressive policy easing by the Federal Reserve, effectively ending hopes of a half-point reduction at the July 30-31meeting.

Fed Chairman Jerome Powell is due to testify Wednesday and Thursday to Congressional committees, in appearances that will likely shed light on his interpretation of the employment report. Markets price in a quarter-point reduction to interest rates at the end of the month but I doubt we will see it. 

 

AAPL- Apple's sell rating reiterated at Rosenblatt Securities. $150.00 PT

Wedbush analyst Daniel Ives says that his firm's Asia checks over the past week suggest stable Apple iPhone demand globally heading into the crucial September quarter with some puts and takes that overall he would characterize as "better than feared" in light of the noisiest time he could remember for Cupertino. While China remains a wild card, the analyst is bullish into Apple's future heading into FY20 and beyond. Ives reiterates an Outperform rating and $235 price target on the shares.

 

$BA- Shares in Boeing are falling more than 1% in pre-market trade Today after Saudi Arabia’s flyadeal cancelled a provisional order for 30 Boeing 737 MAX jets, valued at $5.9 billion at list prices.

Cowen analyst Cai von Rumohr commented on the potential impact of the expected pushout of recertification of Boeing's (BA) MAX aircraft to late September, saying he thinks the extended timeline will increase cash flow volatility for Boeing and risk of 737 rate cut at Spirit AeroSystems (SPR) and GE (GE). The analyst tells investors in a research note that he now sees an 737 inventory cash outflow in Q2 of $3.5B-$4B with a total Q2 outflow of $1B-$2B and more in Q3, and says Boeing will overall have about 275 completed MAXes in inventory at the end of Q3, which will take time to work through since the priority is to get the 381 MAXes already sitting in fleets back into service. Selling for an 8.5% "normalized" cash flow yield, Von Rumohr says Boeing remains his top pick.

 

$AAL- American Airlines downgraded to Underperform from Neutral at Credit Suisse  Credit Suisse analyst Jose Caiado downgraded American Airlines (AAL) to Underperform from Neutral on labor and Boeing (BA) 737 Max risk. While these issues may be transient, they add to an already-challenged 2019 cost outlook and "unfortunately mask" some of the progress that American Airlines is making on the commercial front this year, he contends. The analyst also lowered his price target on American's shares to $30 from $32.


$CRWD- Oppenheimer analyst Shaul Eyal started coverage of Crowdstrike with an Outperform rating and $90 price target. The analyst cited the company's innovative technology, his belief Crowdstrike will continue to disrupt and gain market share from legacy and next generation antivirus vendors, industry's shift to consolidate point product solutions and shortage of cyber-skilled talents should drive customers to seek a holistic solution like Crowdstrike's, large and expanding TAM estimated to exceed $30B by 2022, and hypergrowth rate over 30% expected over the next several years.

$SHOP- KeyBanc analyst Josh Beck raised his price target for Shopify (SHOP) to $350 from $300 as he walked away from three different e-commerce industry conferences more constructive on the runway for Plus, international and FinTech initiatives based on positive partner, developer and merchant feedback following an "impressive" array of product launches. The analyst has built a 100-plus line bottom-up segment model to better assess these drivers and sees gross merchandise volume eventually rivaling Amazon (AMZN) 1P sales. Beck reiterates an Overweight rating on Shopify's shares.

$FVRR- JMP Securities analyst Ronald Josey initiated Fiverr with an Outperform rating and $33 price target, citing his view that the company's focus on upfront and fixed-price transactions and speed should lead to improved usage among buyers. Josey also said that repeat buyers create a more predictable model and he believes take rates should continue to expand as newer products launch.

$TGT- Target to kick off 'Target Deal Days' on July 15  Next week, Target will kick off Target Deal Days, the retailer's biggest sale of the summer. On Monday, July 15, and Tuesday, July 16, guests can enjoy deals on hundreds of thousands of items on Target.com- from furniture and apparel to must-have kitchen appliances - with no membership required. And for guests who want their purchases fast, Target offers the broadest options in retail for delivery and pickup, including same day.

Today I’ll be continuing to play WMT Puts and will look to enter AMD Puts for a scalp. Still patiently waiting before buying an AAPL long play.

Those of you that want to invest in the DIGITS ICO please email me if you haven’t already. Ben has offered OP a special deal and they are close to launching this so now is the time.

 Have a great day OP!

OP Wire 7/5

 

The June employment report is due at 8:30 AM ET(1230 GMT) and is likely to cement expectations for an interest rate cut at the Federal Reserve’s decision at the July 30-31meeting.

Nonfarm payrolls are expected to rebound from a meager 75,000 in May, with the creation of 160,000 jobs, while the unemployment is expected to stick at a 50-year low of 3.6%.

Weaker-than-expected data may actually be well received by markets as it would strengthen the case for more policy easing. Markets already think a quarter-point reduction in interest rates at the end of the month is a given and estimate that the possibility of three cuts by the end of the year is more than 60%.

 

$AMD- Jason Evangelho, a contributor to Forbes, says that "It's looking like the announced pricing for AMD's (AMD) Navi-based RX 5700 and RX 5700XT is about to get a last-minute drop." "If what's being reported shakes out to be true, it could seriously disrupt Nvidia's (NVDA) competitive plans. Why? It's looking like the announced pricing for AMD's Navi-based RX 5700 and RX 5700XT is about to get a last-minute drop," added Evangelho. 

 

$CRM- Salesforce (CRM) shares have underperformed since the announcement of its Tableau Software (DATA) acquisition as investors worry that the deal could be designed to prop up lagging growth, UBS analyst Jennifer Lowe tells investors in a research note. The analyst, however, thinks the concerns are overblown. Channel work shows "robust demand" for Salesforce's solutions, and recent merger disclosures show a "thoughtful and lengthy process" behind the deal, says Love. The analyst keeps a Buy rating on Salesforce shares with a $190 price target. The stock closed Wednesday up $1.50 to $155.59.


$QCOM- Qualcomm lost in its attempt to put on pause a U.S. judge's ruling that the company engaged in anti-competitive practices as the chipmaker pursues an appeal, Bloomberg's Kartikay Mehrotra reports. U.S. District Judge Lucy Koh in San Jose, California, refused to impose a hold on her own determination in May in favor of the FTC, Mehrotra says. Koh found that the chipmaker's "no license, no chips" policy unfairly leveraged its market position to force customers to pay greater prices for chips and royalties for their technology, the author notes.

$MSFT- According to Ars Technica, Microsoft was fairly quiet about " long-standing reports of low-cost, streaming-focused Microsoft hardware that would bring Xcloud games to the TV easily." at the recent E3. According to the Ars Technica story, Thurrott's Brad Sams, "who has a strong track record when it comes to reporting insider information from Microsoft," said "that streaming box is 'still being actively developed" inside Microsoft despite the continued public silence from the company itself. "I'm hearing this project has not been killed and is being actively worked on.

 

$CGC- Linton's vision to be 'sorely missed' at Canopy, says Stifel  Stifel analyst W. Andrew Carter maintained a Buy rating on Canopy Growth (CGC) after the company announced a "surprising" change in leadership, with founder and co-CEO Bruce Linton stepping down from his roles, Mark Zekulin stepping in as CEO, and the board searching for a permanent successor at CEO. Carter believes the board is "is likely unsatisfied with the company's operational performance in recent periods and sees a change in leadership as necessary to right the ship" but also believes Linton's vision and founder status will be "sorely missed." The analyst also noted that Constellation Brands (STZ), Canopy's largest investor, now has four of six total board seats, and had previously stated that it was not pleased with Canopy's recent performance, supporting "Canopy on a more focused long-term strategy to win markets and form factors that matter."


Hey OP! Hope you enjoyed your day off. 

Today I expect to see some weakness unless the Economic data comes in and market likes the chances of a fed rate cut because of them.

S&P reaches record highs so many may try to short that- will be watching most of today. 

Next week I will post my watchlist (plays) that will be contingent upon continued positive talks with China. 

Have a great day OP!

 

OP Wire 7/3

European bond yields hit record lows on Wednesday as IMF chief Christine Lagarde was nominated to replace European Central Bank President Mario Draghi when he vacates the post in November.
Investors are betting that Lagarde will follow Draghi’s path of further monetary easing amid faltering global growth.

U.S. President Donald Trump announced via Twitter that he wants to nominate Christopher Waller, an executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, the U.S. director of the European Bank for Reconstruction and Development and former economic adviser during Trump’s 2016 campaign, to vacant posts on the Federal Reserve Board.
Shelton has previously said that, if appointed, she would lower interest rates to 0% in one to two years, mirroring recent calls from Trump for the Fed to cut rates.

Lots of economic data set to come out today.
The Institute of Supply Management’s gauge of services sector activity for June along with factory orders for May will provide indications of whether the American economy remains on track despite external pressures.
Labor market data will also be in the spotlight ahead of Friday’s monthly payroll report.
Private payroll processor ADP will release its number for nonfarm employment for June, while the U.S. Department of Labor will release its weekly jobless claims.
U.S. ADP preview: ADP is expected to announce a 160k rise in private payrolls in June, after the meager 27k in May. Analysts suspect this will correspond with a 160k increase in nonfarm payrolls, though analysts see downside risks due to the rise in jobless claims amid auto retoolings, and from the pull-back seen in the manufacturing indicators.

Oil is gaining today ahead of official government data on US Crude inventories that is expected to show a third straight weekly decline.
The American Petroleum Institute’s report released late Tuesday, showed a draw of 5.0 million barrels, outpacing forecasts of a decline of 2.96 million for the Energy Information Administration’s data.

$WMT- Walmart is prepping itself to lose more than $1B in its e-commerce operations in the U.S. this year off revenue of $21B to $22B, according to Recode.

$TSLA- Credit Suisse analyst Dan Levy sees Tesla 2019 deliveries guide of 360k-400k likely maintained amid "fine beat," which it would imply minimum second half of the year deliveries of just over 200k units. The analyst believes this may be tough to achieve, and models second half of the year deliveries of about 180k, especially as Tesla will still need to work its way through another cut to the US EV tax credit. Into Q2 EPS, Levy believes the focus will be on gross margin and free cash flow. The analyst models positive Q2 free cash flow, primarily related to positive working capital, but auto gross margin will be more of a mixed bag. He has an Underperform rating and a $189 price target on the shares. $189 is still generous 😂

Morgan Stanley analyst Adam Jonas said that no investors he had spoken to ahead of Tesla's Q2 production and deliveries report had expected deliveries as high as the 95,200 that Tesla reported. The analyst also noted that if Tesla were to deliver 95,000 units in Q3 and Q4, it would put the company at approximately 350,000 units for 2019, which would be "just shy" of its 360,000-400,000 unit full-year guidance. Following the Q2 deliveries beat, Jonas said he would expect the stock to squeeze higher, but then he does not expect "bears" to capitulate and he expects "bears and bulls to sell the bounce" in the stock. Jonas keeps an Equal Weight rating and $230 price target on Tesla shares, which are up about 7.5% to $241.62 in pre-market trading.

$DAL- Stifel analyst Joseph DeNardi noted that Delta's (DAL) updated Q2 guidance yesterday was "strong across the board," pointing out that domestic load factor for the quarter of 89% benefited from the fact that the grounding of Boeing's (BA) MAX fleet is keeping industry capacity growth constrained. He sees Delta as one of the biggest beneficiaries, second only to Spirit Airlines (SAVE) and Alaska Air (ALK), as the grounding extends further out given the company's lack of exposure and the industry's competitive capacity dynamics. DeNardi maintains a Buy rating and $90 price target on Delta shares

$BA- Jefferies analyst Sheila Kahyaoglu removed Boeing from her firm's Franchise Pick List while maintaining a Buy rating on the shares. While the longer term Boeing story has changed much in the wake of the MAX issues, the software fixes requested by the Federal Aviation Administration last week likely mean that MAX deliveries won't restart until late 2019, Kahyaoglu tells investors in a research note. Further, she notes that while Boeing shares are off year-to-date highs, they are still up about 80% in the last 24 months. Delivery delays could mean near-term catalysts "are scarce," contends Kahyaoglu.

$SYMC- Following a Bloomberg report that Broadcom (AVGO) is in advanced talks to acquire Symantec (SYMC), Wedbush analyst Daniel Ives said he believes $26-$28 per share is the most likely valuation for Symantec in a buyout scenario, adding that he views such a price as one "that many investors would ultimately approve." He also contends "now would be the golden time for the company and its Board to finally consider a sale," given its recent soft results and guidance, sudden departure of its CEO and the other company specific as well as secular headwinds faced by Symantec. However, Ives keeps a Neutral rating and $19 price target on Symantec shares, which are up $3.97, or 18%, to $26.07 in pre-market trading.

$MCD/$SBUX- Stifel analyst Chris O'Cull said his recent survey to measure investors' sentiment toward restaurant stocks revealed that McDonald's (MCD) and Yum! Brands (YUM) as the only large-cap restaurant stocks voted to outperform heading into earnings season, while most investors pointed to Starbucks (SBUX) as most likely among the large-caps to underperform in the near term despite the fact that investors surveyed expect the company to beat Q3 EPS expectations. O'Cull, who raised his Americas same-store sales growth forecast for Q3 to 5.0% from 4.0% and raised his FY19 and FY20 EPS estimates for Starbucks, increased his price target on the stock to $86 from $65, though he keeps a Hold rating on the shares. He also has Hold ratings on McDonald's and Yum! shares.

Hey OP!
Today I’ll look to ride WMT down and I’d like to buy AAPL Puts today going into the holiday for Friday. AMD also seems ripe for puts.
Have a great day OP!

OP Wire 7/2

$ROKU-RBC Capital analyst Mark Mahaney downgraded Roku to Sector Perform from Outperform with an unchanged price target of $90. The stock closed Monday up 79c to $91.37. The analyst cites valuation for the downgrade with the shares up 200% year-to-date. He sees a less compelling risk/reward at current share levels. Mahaney says he'd be constructive again on any major stock pullback in the stock. 

$TTD- RBC Capital analyst Mark Mahaney downgraded Trade Desk to Sector Perform from Outperform with an unchanged price target of $220. The stock closed Monday up $5.99 to $233.77. Mahaney cites valuation for the downgrade with the shares up over 100% thus far in 2019. The analyst, who believes the stock's outperformance has been justified given the company's "ongoing robust fundamentals," sees a less compelling risk/reward profile at current share levels. 

$AAPL- Apple CEO Tim Cook chastised NBC News' Dylan Byers in an email that the Wall Street Journal report about Jony Ive leaving the company, along with his apparent frustration with Cook's alleged lack of interest in design, is "absurd." 
"A lot of the reporting, and certainly the conclusions just don't match with reality," Cook told Byers in the email. "At a base level, it shows a lack of understanding how the design team works and how Apple works. It distorts relationships, decisions and events to the point that we just don't recognize the company it claims to describe."

$FB- New York Governor Andrew M. Cuomo called on the Department of Financial Services to investigate reports that state-regulated advertisers are using Facebook, Inc.'s advertising platform to discriminate against protected classes. "The allegations against Facebook advertisers are extremely troubling and fly in the face of everything that New York stands for," Governor Cuomo said. "I am calling on the Department of Financial Services to investigate these claims and help ensure that New Yorkers seeking housing for themselves and their families are not discriminated against in any way. We will take aggressive action and ensure that those who are behind these reprehensible alleged practices are held fully accountable." 
I don’t see much coming out of this but figured I’d share.

$ADP- ADP 8M share Block Trade; price range $161.00-$163.00  Jefferies is acting as sole book running manager for the offering

$BA- Southwest Airlines (LUV) CEO Gary Kelly told employees that the company anticipates having to remove the grounded Boeing (BA) 737 MAX jets from its flying schedule beyond the current October 1 re-entry date following the discovery of a new safety issue, Reuters reports. Last week, the planemaker said it would take until at least September to solve 737 MAX software problems after U.S. aviation regulators discovered a new issue during simulator sessions, the report says.

$TMUS- Wells Fargo analyst Jennifer Fritzsche has heard from her regulatory sources a decision could come from the DoJ this week in regard to the Sprint (S)/T-Mobile (TMUS) merger. Despite the drama to get to this point, the analyst still believes the DoJ would be more positively biased to approve this deal - with concessions. If the DoJ approves with concessions that synthetically "create" a 4th national competitor, Fritzsche believes it will significantly weaken the State AGs' case against the merger. In her view, the chances of this deal getting done are now well above her prior estimate of 60%. I remember when this was in the $20s

$EA- BMO Capital analyst Gerrick Johnson raised his price target for Electronic Arts to $130 from $116 and maintained an Outperform rating, citing increased confidence the company will be able to exceed both Street EPS estimates and company guidance for fiscal 2020 due to the positive reaction to Apex Legends season 2 previews, post-E3 buzz around Respawn's Jedi: FallenOrder, and new Volta Street mode in FIFA20.
I like EA long too 

$TSLA- China's electric vehicle subsidies were heavily reduced last week, which will result in "imploding demand," at least until more compelling products are released, Piper Jaffray analyst Alexander Potter tells investors in a research note titled "A Shakeout is Coming to China's EV Market; Many are Doomed, Tesla Immune." Other than Tesla's Model 3 "and a handful of other models," most of China's electric vehicles "cannot sustain their own existence without aggressive subsidization," adds the analyst. He believes that with Tesla's locally-produced Model 3 likely to achieve prices comparable to the Mercedes C-Class and other, similar vehicles, Tesla can succeed even if the quota system overall is a failure. Potter expects Tesla's volume to ramp materially once the company's Shanghai facility opens in late 2019, "regardless of what happens" to China's electric vehicle policies. The analyst has an Overweight rating on Tesla shares with a $396 price target.

$BA- Jefferies analyst Sheila Kahyaoglu removed Boeing from her firm's Franchise Pick List while maintaining a Buy rating on the shares. While the longer term Boeing story has changed much in the wake of the MAX issues, the software fixes requested by the Federal Aviation Administration last week likely mean that MAX deliveries won't restart until late 2019, Kahyaoglu tells investors in a research note. Further, she notes that while Boeing shares are off year-to-date highs, they are still up about 80% in the last 24 months. Delivery delays could mean near-term catalysts "are scarce," contends Kahyaoglu.

$AAPL- Citi analyst Jim Suva expects share price volatility in the months ahead for Apple as consensus estimates calibrate lower. Within China Apple has 12% unit share and these unit shipments could be cut in half, Suva tells investors in a research note. The analyst, however, remains optimistic on the Services segment with Apple Arcade to launch in the second half of 2019. Suva does not see multiple compression for Apple, "but rather see risk that consensus is simply too high." Despite his expectations for share volatility, the analyst keeps a Buy rating on Apple with a $205 price target. Suva points out that consensus estimates for Apple's fiscal Q3, or June, quarter are towards the mid-end of guidance with revenues at $53.35B and earnings per share at $2.10 while his estimates are lower at $52.6B and $2.06, respectively.

Here is the recording from yesterday’s Digits call with Ben Way. Please let me know if you are interested in taking/increasing a position in Digits and I’ll get Ben to hook it up. https://zoom.us/recording/share/K3LZT0vJ4r8E5_vlfoH7ZkRATRiLQZ98wtL96chofK6wIumekTziMw?startTime=1562009167000

Today I’ll be sitting in the WMT Puts and DIS November Calls
May start a EA long position if I can get a dip.
TSLA looks like it may run.
AMD Puts May be in order.
Still wanting more trade clarity before I release the watchlists. Have a great day OP! 

 

 

 

OP Wire 7/1

The U.S. and China agreed on Saturday to restart trade talks after U.S. President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.
No deadline was set for progress on a deal, as the remain at odds over significant parts of an agreement. 

The U.S. June jobs report, due on Friday, will likely factor into the Federal Reserve’s decision on interest rates at its next meeting in late July.
The economy is expected to have created 164k jobs in June while interest rate futures indicate 100% odds of a 25 basis-point cut on July 31.

Fed Vice Chair Richard Clarida is due to speak on Monday. Earlier this month, he said that the central bank is prepared to lower interest rates if necessary, but noted that the broad outlook for the U.S. economy remains positive.

The Organization of the Petroleum Exporting Countries will gather in Vienna on Monday and meet with non-OPEC states - known as OPEC+ - on Tuesday to discuss extending a deal - due to expire Sunday - on curbing oil output by 1.2 million barrels per day in order to support prices.
But Saturday’s announcement by Putin that he and Saudi Arabia’s Prince Mohammed Bin Salman agreed to extend the current output deal take away the excitement for this meeting.

Notable call activity was cited Friday in Alibaba (BABA), JD.com (JD), Ford (F), Freeport McMoRan (FCX), Weight Watchers (WW), Shake Shack (SHAK), and Hibbett Sports (HIBB).

$AAPL- Wedbush analyst Daniel Ives notes that heading into the G20 meeting in Osaka, Japan this weekend the big question for Apple investors was around the future of new China tariffs possibly on the horizon. The analyst believes the positive step in the right direction announced between the two countries to not levy additional tariffs while negotiations continue takes away the biggest risk on the Apple story. Ives continues to believe that Apple does not look at diversifying production outside of China going forward if the current negotiations stay on track on the threat of the $325B tariffs staying pure noise and not becoming a reality. While demand issues continue to not be ideal for Apple in China, with roughly 60M-70M iPhones in China coming up for an upgrade opportunity over the next 12-18 months, this region "remains a linchpin of growth for the Apple story," he contends. The analyst reiterates an Outperform rating and $235 price target on the shares. AAPL has a gap to $210-$212 that it may fill from here. Let’s see if it does 🤔

$MU- KeyBanc analyst Weston Twigg says that inSpectrum released its June monthly memory contract pricing, with price declines continuing. DRAM contract pricing for 8Gb DDR4 was down 7.4% month over month and down 26.5% quarter over quarter, he notes, adding that he anticipates DRAM price declines to continue through 2019, though the rate of decline will likely decelerate further in the second half of the year. Meanwhile, Twigg points out that NAND contract pricing for 128Gb TLC was down 3.3% month over month and down 11.5% quarter over quarter, and expects NAND pricing to stabilize in the second half of the year as year over year bit supply should drop and demand is likely to improve. Despite near-term demand headwinds in both DRAM and NAND, he continues to anticipate meaningful long-term growth as new demand drivers, such as 5G, hyperscale, and edge/endpoint devices, continue to expand. Further, Twigg views the DRAM market as likely healthier and more profitable than NAND over the long run given just three main producers - Micron (MU), Samsung (SSNLF), and SK Hynix -, strong long-term demand drivers, and rational capacity expansion. I feel that MU has great upside from here as well.

$SRPT- RBC Capital analyst Brian Abrahams raised his price target for Sarepta to $220 from $180 and maintained an Outperform rating, telling investors in a research note that he sees Sarepta as the "clear leader" in the Duchenne Muscular Dystrophy space. The analyst says he looks for initiation of the company's confirmatory study with commercial supply as the next catalyst for this program and expect continued share upside as investors should begin to better appreciate its other gene therapy assets in development. While manufacturing and ability to show functional benefits in a more inclusive study remain risks, Abrahams says he now sees a reasonable likelihood Sarepta can generate $4B per year.

$AVGO- Citi analyst Christopher Danely expects the semiconductor sector to trade higher after President Trump over the weekend lifted the ban on selling to Huawei and stated the U.S. would not go through with the additional $300B in tariffs. The analyst maintains his positive stance on the group and keeps a Buy ratings on Broadcom (AVGO), Microchip (MCHP), ON Semiconductor (ON) and Texas Instruments (TXN).

$FOLD- Amicus Therapeutics (FOLD) has entered into a strategic manufacturing collaboration with Thermo Fisher Scientific (TMO). Thermo Fisher provides Amicus with immediate clinical and commercial manufacturing capabilities and capacity for the Amicus intrathecal AAV Batten disease gene therapy programs. Amicus has also established a plasmid supply network together with multiple long-term supply agreements from industry leading plasmid suppliers to support advancement of all current gene therapy pipeline programs in the Amicus portfolio. Key Highlights of Amicus-Thermo Fisher Scientific Partnership: Batten disease programs: current research and development production technologies and capabilities related to the Amicus preclinical and clinical-stage gene therapy programs for CLN6, CLN3, and other potential Batten disease programs are being transferred to and developed at Thermo Fisher's viral vector services business. CLN6 Batten disease gene therapy: the existing process for the CLN6 Batten disease gene therapy is being transferred to Thermo Fisher and undergoing a similar GMP process for clinical and commercial-scale manufacturing and supply. Broader portfolio: Thermo Fisher and Amicus to collaborate to develop platform manufacturing capabilities to support the broader portfolio of AAV gene therapy programs. I have Jan 2021 $15 Calls on this one.

$TSLA- Ahead of Tesla publishing its second quarter unit shipment data later this week, JMP Securities analyst Joseph Osha made the case that quarter-to-date registration data "strongly support" his prediction that Model 3 deliveries in the U.S. should top 40,000 units. He maintains a Q2 unit delivery forecast of 97,000, which is above the consensus view of 84,000. Osha added that he believes U.S. shipments for both the Model X and S have peaked, and while he doubts the company is willing to put much energy into refreshing the X he thinks Tesla is going to look to defend the "unique niche in the premium sedan market" that he sees being occupied by the S. Osha reiterates an Outperform rating and $347 price target on Tesla shares.

Hey OP! Today I’ll ride the wave.... I’ll grab some AAPL and MU Calls while riding my DIS Nov $155 Calls I grabbed Friday.
Let’s see if this pop holds & continues a few days. DIS is a long hold for me as their box office excitement will continue right up through DIS Plus launch.
Track’s Charting/Indicators Course starts tomorrow. We have only 1 spot remaining. Email me now if you want it.
Have a great day OP!

 

OP Wire

Concerns remain that an agreement will not be reached between China and the US today at G20.
"At a minimum, it will be productive," Trump said of the meeting with Xi.
"We'll see what happens and what comes out of it," Trump told reporters.

Notable call activity was cited Thursday in Bank of America (BAC) and Boingo Wireless (WIFI). 

$C- Citi to raise quarterly dividend to 51c, announces $17.1B share repurchase plan  The Federal Reserve Board announced that it does not object to the planned capital actions requested by Citi as part of the 2019 Comprehensive Capital Analysis and Review. The planned capital actions include an increase of Citi's quarterly common stock dividend from 45c to 51c per share, subject to quarterly approval by Citi's Board of Directors, as well as a common stock repurchase program of up to $17.1B during the four quarters starting in the third quarter. These planned capital actions total $21.5B over the four quarters covered by the 2019 CCAR cycle.

$WFC- Wells Fargo announces $23.1B stock buyback, ups quarterly div to 51c per share  Wells Fargo announced that the Federal Reserve Board has not objected to the company's 2019 Capital Plan under the recently concluded Comprehensive Capital Analysis and Review of the nation's largest banks. As part of the plan, the company expects to increase its third quarter 2019 common stock dividend to $0.51 per share from $0.45 per share, subject to approval by the company's Board of Directors. The plan also includes common stock repurchases of up to $23.1 billion for the four-quarter period. In addition, the company may consider redemptions or repurchases of other capital securities as part of the plan.

$MS- Morgan Stanley boosts buyback to $6B, raises quarterly dividend to 35c per share  Morgan Stanley announced that the Board of Governors of the Federal Reserve System did not object to the Firm's 2019 Capital Plan. The capital plan includes the repurchase of up to $6B outstanding common stock for the four quarters, beginning in the third quarter of 2019 through the end of the second quarter of 2020, an increase from $4.7B for the comparable four quarter period in the 2018 Capital Plan, as well as an increase in the Firm's quarterly common stock dividend to 35c per share from the current 30c per share, beginning with the common dividend expected to be declared by the Firm's Board of Directors in the third quarter of 2019.

$JPM- JPMorgan to increase dividend to 90c, announces $29.4B share repurchase plan  JPMorgan announced that the Federal Reserve Board does not object to the Firm's capital plan under the recently concluded 2019 comprehensive Capital Analysis and Review. JPMorgan Chase's Board of Directors intends to increase the quarterly common stock dividend to 90c per share, up from the current 80c per share, effective the third quarter, and has authorized gross common equity repurchases of up to $29.4B between July 1, 2019 and June 30, 2020 under a new common equity repurchase program.

$PNC- PNC Financial raises quarterly dividend 21% to $1.15 per share  The PNC Financial Services Group announced that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions. The capital plan included a recommendation to increase the quarterly cash dividend on common stock by 20 cents per share, or 21%, to $1.15 per share, in the third quarter of 2019. PNC's board of directors is expected to consider this recommendation at its next scheduled meeting on July 9, 2019. The capital plan also included share repurchase programs of up to $4.3B for the four-quarter period beginning in the third quarter of 2019.

$BA- Boeing sees completing 737 software update by September, Reuters says  Boeing now believes it can complete the latest software update for the grounded 737 MAX by September after a new issue arose last week during a simulator test, Reuters reports, citing a Boeing official. The timeline indicates that the plane is not likely to resume flying until at least October, the report says. The FAA could approve the plan to resume flights by late September of the company is able to meet the deadline, the report notes, citing a separate source.
Canaccord analyst Ken Herbert said Boeing's announcement to delay the Max 737 to service raises significantly more uncertainty. What appeared to be a simple software fix now appears to be more complicated and the most recent issue does not appear to be related to the MCAS system. He said the delay will have more of an impact on Boeing than its suppliers but it could lead to some suppliers lowering expectations due to the uncertainty. Herbert maintained his Hold rating and $380 price target on Boeing shares
Still not time for me to jump in yet.

$RAD- Amazon (AMZN) announced the U.S. launch of Counter, a new network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location. Starting today, customers will have access to more than a hundred Counter locations across the U.S., with thousands of additional locations coming soon. Delivery to a Counter location is available for the tens of millions of items sold on Amazon.com and works with Same-Day, One-Day, Two-Day and Standard Shipping. The service is available to all customers at no extra cost. Counter goes live today in more than a hundred Rite Aid (RAD) stores across the U.S. By the end of the year, the service will roll out across 1,500 Rite Aid locations -from Oyster Bay, N.Y., to Chula Vista, Calif. Amazon is actively looking to bring additional partners onboard, including small to midsize businesses and other large chains. Shares of Rite Aid were up 32% in afternoon trading yesterday.

$KMX- Argus analyst Stephen Biggar initiated coverage of CarMax with a Buy rating and $100 target price, citing its planned geographic expansion, growth from a new omni-channel online purchasing platform and his view that the shares look attractively valued at current levels.

$AAPL- Johnny Ive to leave AAPL this year- Cowen analyst Krish Sankar said the departure of Chief Design Officer, Sir John Ive will be a loss for Apple as he was one of the main design influences at the company during and post the Steve Jobs era. The analyst noted however, the company is in the process of transitioning from being focused on hardware products to services and content. Sankar reiterated his Outperform rating and $220 price target on Apple shares. 

$TLRY- Consumer Edge initiated Tilray with an Overweight and $54 price target. 

$TSLA- Tesla said it found no systematic flaws in its vehicles after a probe into a parked Model S that caught on fire in Shanghai, Reuters' Yilei Sun, Makiko Yamazaki and Brenda Goh report, citing a post on the company's Weibo account. The investigation found no systematic defect and initial results found the incident was due to a single battery module fault at the front of the vehicle.

$WMT- Walmart's (WMT) Flipkart plans to replace roughly 40% of its current delivery fleet with electric vehicles by March 2020 in an effort to reduce its carbon footprint, Reuters' Nivedita Bhattacharjee reports, citing Flipkart executives. The company will begin deploying 160 vans by year-end and the move comes as Flipkart has expanded operations rapidly as it competes with Amazon (AMZN).

$NKE- Piper Jaffray analyst Erinn Murphy maintains an Overweight rating on shares of Nike with a $97 price target following last night's fiscal Q4 results. The analyst keeps her model largely unchanged and is pleased by Nike's sales growth of 10% constant currency, which was above guidance for high single digits. Murphy sees a "strong pipeline of catalysts," including the new JoyRide cushioning platform, SKNRS, Nike App, Olympics, and women's. She remains a buyer of the stock.

G20 will be the focus. I see the AAPL dip being bought up as Ive will still be in the AAPL mix moving forward...
Still scalping WMT Puts - I expect it to drop from open again and want to see it reach $108 by next week. 
As soon as the trade situation clears, I will send out the normal alert plays and watchlists!
For now, as you have seen, it’s best to sit back and relax or scalp for gains. Have a great day!

 

OP Wire 6/27

 

Chinese President Xi Jinping will present President Trump with the terms it expects the U.S. to meet for Beijing to settle the trade war, The Wall Street Journal reports, citing Chinese officials.

China will demand that the U.S. lift its ban on the sale of U.S. technology to Huawei Technologies, Chinese officials with knowledge of the plan told the Journal.

 

Notable call activity was cited Wednesday in NVIDIA (NVDA) and (WORK).

 

Notable put activity was cited Wednesday in Tesla (TSLA), Petrobras (PBR), and Qudian (QD).

 

$VZ-Verizon officially turned on its 5G Ultra Wideband Network in select areas of Denver and starting on Monday July 1, 2019its 5G service will be available in select areas of Providence. Businesses and consumers in those cities will be able to access Verizon's 5G Ultra Wideband network with one of four 5G-enabled smartphones - the LG V50 ThinQ 5G, the moto z3 and z4 combined with the 5G moto mod, or the Samsung Galaxy S10 5G - the most 5G devices available on any 5G network.


$INTC- As previously reported, Wedbush analyst Mathew Bryson initiated Intel with an Underperform and $37.50 price target. The analyst believes Intel's recent struggles with execution combined with cyclical downturns in key markets together create an uncertain future with downside risk to estimates.

$MU- Wedbush analyst Mathew Bryson initiated Micron (MU) with a Neutral and $30 price target. The analyst notes that Micron has suffered and continues to suffer from the downturn in memory fundamentals. Bryson remains less positive about 2019 second half fundamentals and to some extent Micron's execution as focus shifts from clear improvements in NAND chip production on the 32 layer and 64 layer nodes toward questions around Micron's ability to execute on charge trap without Intel (INTC), while at the same time needing to build scale in this market to compete effectively with its much larger peers. Net, he is not yet convinced the memory markets have bottomed.

$GRUB- Canaccord analyst Maria Ripps believes GrubHub has certain competitive advantages over its rivals. The analyst said she still sees several platforms successfully co-existing, with GrubHub being one of the long-term leaders in the space. Ripps noted recent big-name contract wins, which she believes should reinvigorate confidence in GrubHubs's competitive position. Ripps reiterated her Buy rating and $110 price target on GrubHub shares.

Hey OP!

Today I’ll be relaxing while in my WMT Puts....

G20 should be interesting and I want to wait to see how that shakes out. 

Have a great day OPers!

Citigroup global economist Cesar Rojas said he expects a "ceasefire with a hand shake agreement" between Trump and Xi that would avoid escalation of the national security issues and tariffs, and aim for a deal later this year. Trump would likely refrain from putting his threatened 25% tariffs on the remaining $300 billion in Chinese goods that so far have not been impacted.

Meanwhile- Stock futures jump after Mnuchin says 'there's a path' to complete trade deal

U.S. MBA reported mortgage applications bounced 1.3% in the week ended June 21 after falling 3.4% in the prior week. All of the strength was in the refi component, which climbed 3.2%. The purchase index declined 0.9%. Supporting refinancings was another drop in the 30-year fixed rate which slipped to 4.06% from 4.14%. The 5-year ARM rose to 3.50% from 3.45% in the week before. Refis were 51.5% of loan, compared to 50.2% previously. There are signs that lower mortgage rates are helping the housing market, along with the strong labor market, though high prices are a hurdle

$MSFT- Wedbush analyst Daniel Ives believes a "defining moment" for the cloud arms race will be the announcement of the winner of the long-awaited Pentagon JEDI contract, which is worth roughly $10B over the next decade in this landmark deal representing the cloud "grand prize" for Amazon (AMZN) and Microsoft (MSFT). The analyst notes that the timing on the announcement of a winner could be late August/early September with the ongoing Oracle (ORCL) lawsuit a wild card that could push the timeline out further depending on the outcome. While AWS/Amazon have been in pole position to win this deal over the last year, Ives continues to hear from his Beltway contacts that Microsoft has made "steady and impressive progress" and significantly narrowed the gap over the last six months with the odds of a win looking more like a realistic possibility.

$MU- Micron upgraded to Buy from Hold at Needham
Piper Jaffray analyst Harsh Kumar lowered his price target on Micron shares to $36 from $40 following the company's May quarter earnings announcement, stating that he suspects pricing pressure for both DRAM and NAND could continue for the next several quarters. Though he believes the company is seeing the early stages of a recovery, particularly in the cloud, graphics, and client markets, Kumar thinks broader demand may be more tempered than previously expected and he remains cautious. The analyst keeps a Neutral rating on Micron shares.
After Micron reported quarterly results that were better than feared, Citi analyst Christopher Danely noted that the company's EPS of $1.08 included a one-time tax benefit of $162M, without which EPS would have been 86c. Micron's guidance for Q4 revenue to $4.5B is below consensus, but Danely said he still thinks it seems optimistic considering it includes little impact from tariffs on China and no disruption to its continued supply of memory to Huawei. He believes that Micron shares are "close to a bottom," but Danely keeps a Sell rating and $30 price target on the stock, which he thinks should remain under pressure due to the DRAM crash.

$TSLA- In the midst of the final week of Q2 for Tesla, Wedbush analyst Daniel Ives believes all eyes on the Street will be focused on whether the company can deliver enough vehicles over the goal line in the coming days to hit its aggressive target for 90k-100k units, which he sees as an unlikely event. As such, the analyst is lowering his unit delivery numbers for the quarter from 88k to 84K units to better reflect his view of demand this quarte. Ives continues to believe the biggest overhang around the story is Tesla's ability to hit its overall unit guidance for 2019 of 360k to 400k units as this will be the telling tale of demand trends as Tesla is now a "demand story" rather than a production story. Hitting the 360k-400k unit demand guidance for 2019 is going to be an "Everest-like task" opinion as 350k is likely "the line in the sand," he contends, adding that hitting 275k Model 3 delivery units for the year would be viewed as a success and ultimately put the company on more stable ground heading into 2020. Ives has a Neutral rating and $230 price target on the shares.

Hey OP!
I’ll be laying low today- I don’t think a sound byte saying we are 90% away from a deal means anything of substance and I’ll be looking to scalp Puts at open on AAPL, AMD, and WMT. Still not time for me to get into long plays.
Have a great day folks 

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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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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