Earnings season is picking up. We have significant reports out after the bell today. $CMG $GOOG $ISRG $MSFT $WYNN.
This morning we had $MS beat and rally pre market. $TZOO beat and reported better an expected revenue as well.
One strategy I talked about earlier this week was buying GOOG options today and selling them just before the close as the premiums leap ahead of the earnings report. I will let you know if I end up getting any $GOOG calls.
Here are some analyst changes today:
EBAY eBay 2014 outlook still positive, says Pacific Crest
After eBay reported slightly weaker than expected results and provided 2013 EPS guidance whose midpoint was below expectations, Pacific Crest continues to believe the company has many positive catalysts. The firm remains upbeat on the company's longer term outlook and keeps an Outperform rating on the shares.
CROX Goldman recommends buying Crocs ahead of the Q2 report
Goldman believes Crocs' expectations are low and Q2 will mark a return to positive comps following 6 months of declines. The firm said new product innovation and easier comps support same-store-sales acceleration and expects the company to report Q3 earnings of 69c vs. the 64c guidance mid-point. Goldman rates Crocs a Buy with a $19 price target and believes shares can have a large positive move on earnings
SNDK SanDisk price target raised to $80 from $75 at Needham
Needham raised its price target for SanDisk following the company's better than expected Q2 results and maintains a Buy rating on the stock
MA and V Visa and MasterCard well positioned to meet/beat Q2, says Morgan Stanley
Morgan Stanley said Visa (V) and MasterCard (MA) are well positioned to meet or beat Q2 expectations. The firm said fundamentals remains solid and macro data indicates payment volume growth accelerated in Q2
AXP American Express valuation still rich, says RBC Capital
After American Express reported higher than expected EPS, RBC Capital increased its price target on the stock to $61 from $54. The firm thinks it will be difficult for the company to achieve its revenue growth and cost saving goals. It keeps an Underperform rating on the shares
Some trades I am looking at for today:
$AXP $75 weekly puts $.15
$GOOG $850 puts $1.50 for a flip just before the market closes
$BIDU $110 weekly calls $.40