Tag Archives: isrg

4-4-13 Watchlist

 

The market pulled back yesterday as the ADP report missed expectations and folks took the opportunity to lock some profits. Unlike most of these pullbacks, there was limited dip buying until the very end of the day when the SPY jumped back over $155 and closed at $155.23. I guess we will have to wait longer for the SPY to close above the intraday high. This morning we have initial Jobless claims which came in worse then expected and is now at a 4 month high. Whether this is another reason to take profits or not will be seen. Futures dipped after the news and looks like the bright green open will be flat at minimum. Still think we are in a heads bulls win, tails bears lose environment for the next few months or until the unemployment goes under 7%.

Commodities continue to get punished with Gold and SLV buckling. Both should continue a downward spiral, which again raises the question ... where are folks to put their money to get a ROI?

Japan announced some extreme policies to, once again, try to kickstart their economy after years of deflation and slow/negative growth.

The US dollar is also stronger this morning.

 

FFIV broke to 92.50 yesterday and the 92.50 calls were a nice 3 bagger. CMG touched 330 then pulled back, still like her here. SODA broke under 50 and touch 48. Still have the 55 calls but they are not looking pretty.

 

Here are the morning analyst changes:

 

 

 

LULU lululemon checks show mild impact from luon issue, says William Blair

William Blair said its channel checks indicate a mild initial sales impact from lululemon's black luon quality shortfall. The firm believes management is taking swift action to address quality-control issues, and points out the company indicated last night that its Q1 earnings guidance is intact. William Blair continues to recommend purchase of lululemon shares on the recent pullback and keeps an Outperform rating on the name.

PNRA Goldman upgraded Panera based on strong unit growth trends, solid same-store-sales, increasing margins, and robust FCF deployment. Price target to $215 from $186.

DPZ Domino's Pizza downgraded to Buy from Conviction Buy at Goldman

Goldman removed Domino's from its Conviction Buy List due to share outperformance. Price target raised to $60 from $55.

SRPT Sarepta initiated with an Outperform at RW Baird

Target $63.

LULU lululemon downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital downgraded lululemon due valuation and increased uncertainty following the departure of its Chief Product Officer. Price target lowered to $70 from $80.

PANL Universal Display upgraded to Buy from Hold at Needham

Needham upgraded Universal Display citing the recent pullback in shares and ramping revenue from Samsung with the launch of the Galaxy S4. The firm has a $35 price target for shares.

PPO Polypore upgraded to Buy from Hold at Topeka

Topeka upgraded Polypore citing valuation, lowered expectations, and expectations for a demand pick-up. Price target is $46.

MON Monsanto price target raised to $118-$120 from $104-$106 at Wells Fargo

Wells Fargo increased its target on Monsanto after the company reported higher than expected Q2 EPS. The firm notes that the company will look to use share buybacks to reduce the share count, and Wells keeps an Outperform rating on the shares.

SCHN Schnitzer Steel shares attractive at current levels, says DA Davidson

After Schnitzer reported slightly higher than expected Q2 EPS but lower than expected revenue, DA Davidson believes that Schnitzer's business could rebound quickly and the firm notes that the stock has reached multi-year lows. The firm keeps a Buy rating on the shares.

 

 

Will continue to hold my positions and may look to grab a few more today. Here are the strikes I am watching:

 

 

Stock TickerCall/PutStrikeExpirationClosing PriceEntry Price
ISRGCALL$515.00Weekly0.450.35
ISRGCALL$530.00Apr 15, 2013NA0.60
PCLNCALL$715.00Weekly0.520.35

 

 

ISRG chart shows possible breakout to $510 coming, volume yesterday leads me to believe it happens very soon. PCLN looks ready as well, just needs to hold over $705 today.

 

I had some issues putting the wrong restrictions on the blog post yesterday. Going forward I will put the watch list in the forum as well.

 

Stay tuned to chat and twitter for more updates. Lets have a great day!

 

- JB

 

1-23-2012

 

 

Another trading session in 2013, another 5 year high as the market closed another strong day yesterday. Adding fuel to possibility of a continued rally were earnings results from ISRG, IBM, GOOG, and CREE that all beat expectations (for the most part). It’s typical to see an after hours party on these reports, then to see red futures in the morning. Not concerned and think we will fight our way to green by the close.

 

AAPL reports after the bell as well as NFLX. Will be grabbing a few calls on NFLX, but will not be playing AAPL.

 

WIll have a post on my thoughts for the next few weeks sometime soon. Been saying SPY 150 for quite sometime now, and now that we are almost there, I need to re-evaluate my sentiment, which i think is even more bullish(crazy as it sounds). Folks think this is a bull market, yet we are just back to levels from 2007, meaning it is possible we move 10-20% from here in the coming year. More on that later.

 

Tons of news from stocks to include another round of horrible news from MCP with production way below expectations and an offering. GOOG had quite a few upgrades and PT increases, SODA had a reiteration and PT raise to $60 and ISRG had a few raises:

 

 

(MCP)

Molycorp files to sell $200M in common stock; $100M in convertible senior notes

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. will act as joint bookrunners for the Primary Shares Offering, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC will act as joint bookrunners for the Notes Offering and Morgan Stanley & Co. LLC will act as sole bookrunner for the Borrowed Shares Offering.

 

GOOG)

Google price target raised to $843 from $794 at Morgan Stanley

Shares are Overweight rated.

 

GOOG)
Google price target raised to $860 from $802 at JPMorgan

(GOOG)

Google outlook remains positive, says Cantor

Cantor believes that Google's Q4 results highlight very healthy performances by its search and display businesses, and the firm thinks the company's Motorola unit is on track for a turnaround. The firm raised its price target on the stock to $900 from $820 and reiterates a Buy rating.

 

JPMorgan says it is incrementally positive on Google's mobile transition following the company's solid Q4 results. The firm raised its price target for shares to $860 and said it would be a buyer following the results. JPMorgan keeps an Overweight rating on Google.

 

(GOOG)

Google price target raised to $875 from $850 at Jefferies

Jefferies raised its price target for Google shares citing the company's solid Q4 results and reiterates a Buy rating on the stock.

 

Bank of America maintains Google Inc. (NASDAQ: GOOG) with a Neutral and raises the price target from $780.00 to $790.00.

 

Oppenheimer maintains Google Inc. (NASDAQ: GOOG) with a Perform and raises the price target from $730.00 to $765.00.

 

 

 

 

IBM)

IBM upgraded to Hold from Sell at Societe Generale

Societe Generale upgraded IBM citing better than expected 2013 guidance. Price target is $201.

 

 

 

 

Intuitive Surgical guidance has upside, says William Blair

William Blair sees potential upside to Intuitive Surgical's 2013 outlook due to new product releases, Japanese government support, and domestic surgeon and patient demand for procedures. The firm encourages investors to add to positions in the name following the company's Q4 results and keeps an Outperform rating on the stock.

 

(ISRG)

Intuitive Surgical price target raised to $625 from $600 at Lazard Capital

Lazard Capital raised its price target for Intuitive Surgical following the company's Q4 results and keeps a Buy rating on the stock.

 

(SODA)

SodaStream momentum should continue, says Oppenheimer

After meeting with SodaStream's management, Oppenheimer thinks that the company's strong operating momentum should continue into 2013. Oppenheimer reports that the company said it had a strong Q4, and the firm thinks the company's U.S. sales and profitability could be set to increase significantly. The firm reiterates an Outperform rating on the stock.

 

 

I still love SAM here and will continue to look to add to my calls until she breaks 150. Craft beer continues to be the growth story and I think folks are undervaluing that in SAM : http://www.latimes.com/business/money/la-fi-mo-craft-beer-20130121,0,2513404.story

I sent a text alert on SINA 60 calls yesterday and still like her for a break over $60 this week. Will send another text when the position is closed. I posted about BPT yesterday and grabbed 85 FEB calls, which i continue to like here.

 

Will try for NFLX calls, maybe some ISRG calls if possible, and will watch the high Beta names like PCLN and LNKD for some call opportunities. Think stocks sold off on earnings worries will rally nicely today.

 

Here are the strikes I am watching:

 

 

Stock TickerCall/PutStrikeExpirationClosing PriceEntry Price
PCLNCALL$695.00Weekly0.650.50
ISRGCALL$620.00Feb0.550.40
NFLXCALL$120.00Weekly0.160.15
SAMCALL$155.00FEB0.450.40

 

 

 

Lets have a great day!

 

- Jimmybob

1-22-13 Watchlist

 

After a long three-day weekend, we come back to mixed/flat futures. Earnings really start to pick up with some big names like ISRG and GOOG after the bell.FFIV, NFLX, MCD, AAPL, and others tomorrow.

 

The Japan’s central bank came out with an unlimited QE program and raised it’s inflation target last night. The Nikkei spiked for a second, then fell 1% before closing down .4% for the day. The Nikkei has been on a monster run, and it was a sell the news event. Considering Japans debt is 200% of its GDP, continued money printing may be a problem down the line, but for now this continues to bode well for world markets. Gold and other commods are getting a small lift from the BOJ news as well.

 

If you missed the week ahead with UPB sunday night, you can find it in the forums here:  http://www.optionmillionaires.com/forum/showthread.php/246-The-Week-Ahead-Sunday-1-19-12?p=458#post458

 

Here are the Analyst changes today:

 

(CAT)

Piper sees little risk of more Siwei-related charges from Caterpillar

Piper Jaffray believes there is likely at least some value in Siwei's brand and sees little risk of more Siwei-related charges coming from Caterpillar. Piper thinks shares of Caterpillar could see pressure in the near-term following the $580M write-down, but does not believe Caterpillar's long-term competitiveness is threatened. The firm keeps an Overweight rating on shares with a $113 price target.

 

BlackRock price target raised to $273 from $223 at RBC Capital

RBC Capital believes that the strength of BlackRock's strategy is more evident than ever following its December quarter results. RBC thinks the company is one of the most visionary firms in the investing business and it maintains an Outperform rating on the stock.

(AAPL)

Apple price target lowered to $650 from $700 at UBS

UBS cut Apple's price target to $650 from $700 and lowered estimates due to lower iPhone ASP assumptions and expectations for less of a gross margin recovery. Shares remain Buy rated.

 

Apple price target lowered to $600 from $780 at Scotia Capital

Scotia Capital lowered Apple estimates to reflect reduced iPhone 5 expectations. Shares remain Buy rated.

 

(RIMM)

Research in Motion upgraded to Outperform from Sector Perform at Scotia Capital

Scotia Capital upgraded Research in Motion following reviews of the BB10 on various blogs. The firm said reviews indicate the BB10 has a faster browser and superior screen resolution vs. the iPhone 5 and the ability to multi-task. Scotia expects even modest success of the BB10 will result in significant earnings momentum and upgraded shares to Outperform with a price target of $23 raised from $18.60.

 

AAPL had two more price target reductions today. Guess we will see how well the stock has been priced after the bell tomorrow. Some nice reads about AAPL this weekend here:

 

http://professional.wsj.com/article/SB10001424127887323468604578250332341437210.html?mod=WSJ_business_whatsNews&mg=reno64-wsj

 

http://www.digitimes.com/news/a20130122PD212.html

There are rumors of possibly 3 new iphones being released this year. Will be interesting to see if those rumors are true.

 

I wont be playing too many earnings the next two days, and will probably just try to play NFLX for some lotto calls. I love SAM and SHLD here and will look to add to my SAM Feb 155 calls as well as grabbing some SHLD 49.50 calls. Here are the strikes I like:

 

 

Stock TickerCall/PutStrikeExpirationClosing PriceEntry Price
SHLDCALL$49.50weekly0.300.25
SAMCALL$150.00FEB0.400.25
SINACALL$60.00weekly0.240.24
NFLXCALL$125.00weekly0.340.25

 

 

As per feedback on the watchlist, i will be adding unusual options activity Sometime this week. Please give me feedback in the forum so this watchlist can be a better tool for your trading: http://www.optionmillionaires.com/forum/showthread.php/241-Upgrade-and-Downgrades

 

Lets have a great trading day!

 

  • Jimmybob

1-17-2013 Watchlist

 

The market held ground another day and looks ready to break today with jobless claims coming out a few minutes ago at a 5 year low. Earnings continues to roll in with BAC and C reporting decent earnings this morning... both are down pre-market. EBAY reported another stellar quarter after hours, mostly from paypal again, and is trading up PM.

Blackrock beat big on both sides, raised it’s dividend, and added to its stock repurchase plan. The stock is up 4%+ pm and is trading over $230. The $230 calls on the watchlist from yesterday should be looking good.

We have Intel after the bell today, and Morgan Stanley tomorrow. Will cover the earnings plays for next week in the week ahead Sunday at 10:30pm est.

 

An interesting read on what the fed is doing to equities, which is what we have talked about for the past year: http://www.bloomberg.com/news/2013-01-17/fed-concerned-about-overheated-markets-amid-record-bond-buying.html

 

AAPL bounced out of the 400s in strong fashion yesterday and received some nice analyst comments today from Goldman and JP Morgan. Also a nice read in WSJ about AAPL becoming a value stock and not a growth stock: http://professional.wsj.com/article/SB10001424127887323783704578246173657545416.html?mod=WSJPRO_hps_MIDDLEFifthNews

 

Here are the analyst changes today:

 

(VVUS)

VIVUS downgraded to Sell from Hold at Brean Capital

Brean Capital downgraded VIVUS citing rich valuation and lowered Qsymia estimates

 

(NFLX+)

Netflix price target raised to $102 from $65 at Piper Jaffray

Piper Jaffray raised its price target for Netflix (NFLX) shares citing increased confidence in the company's ability to maintain competitive differentiation. Piper believes Netflix continues to have the best overall movie/TV subscription streaming library, but says the gap has closed somewhat for high quality movie availability due to EPIX licensing its library to both Amazon (AMZN) and Redbox Instant (CSTR). Piper keeps a Neutral rating on Netflix despite raising its price target to $102.

 

(AAPL)

Apple could report upside to quarter, says Goldman

Goldman believes Apple can report a "healthy" upside to Q1 consensus estimates, particularly on iPhone units and margins. The firm believes shares are factoring in a worse case scenario and that the report could start a recovery in shares. The firm's product shipment estimates are iPhones of 48.4M, iPads of 23.4M, Macs of 5.1M, and iPods of 12.3M. Shares are Buy rated with a $760 price target.

 

(AAPL)

Apple price target lowered to $725 from $770 at JPMorgan

JPMorgan lowered its near-term earnings estimates for Apple citing weaker than expected iPad sales in the December quarter. The firm believes lower iPad shipments could limit share upside in the near-term, but says it remains comfortable with its iPhone estimates. JPMorgan lowered its price target for Apple shares to $725 from $770 while keeping an Overweight rating on the stock.

 

Netflix didn’t pan out yesterday as rumors of Eihorn short caused a sell-off but may recoup the losses today. SHLD looked very good yesterday and hopefully we get some continuation. Need SODA to break $50 today to have a chance on the 52.50s. Took a shot on more BPT 80 calls which may get some life today if it breaks 79(oil being up should help as well)

 

Here are some of the strikes i am looking at:

 

 

Stock TickerCall/PutStrikeExpirationClosing PriceEntry Price
BPTCALL$80.00weekly0.100.10
CBSCALL$43.00weekly0.050.10
BLKCALL$240.00weekly0.200.15

 

 

 

Lets have a great day!

 

- Jimmybob