Another great day with some awesome calls in chat by quite a few folks. BBBY had a great fade at the open, which had UPB screaming like his favorite Football won the Super Bowl. PCLN continued it’s ascent and added another $17 yesterday, making the $730 calls worth over $6.00 from .48 on Wednesday. SODA exploded and hit 55.60, with the 55 calls we alerted via text two weeks ago hitting $1.30+ from .30 entry. SFLY also broke over $45 and our Monday alert of the $45 calls at .30 hit over .90. CMG shares were weak all morning and then pulled back even further as it was a short idea by a fund manager. CMG moved from $318 last week, to $350 this week so it was an easy target for folks to come in and cause a sell-off. Could see some continued selling if it breaks under $330 and I did grab some $325 puts @ .35 as a hedge vs my calls. Second time I have bought puts in 2 weeks, a record for me over the past few months!
Futures are down around .50% on some weaker March retail sales numbers and a pullback in the global markets.
Gold and Silver are down today, with Gold losing nearly 2% or $30. I expect this trend to continue over the next few months as Gold heads towards $1300 and below.
Here are some of the analyst changes today:
NFLX Netflix is a top pick into the quarter, says Barclays
Netflix is one of Barclays' U.S. Internet top picks into the quarter as it sees upside to Q1 results driven by House of Cards and views Q2 expectations as reasonable. The firm rates shares an Equal Weight and raised its price target to $190 from $120.
PIR Pier 1 Imports guidance conservative, says Wells Fargo
After Pier 1 reported in-line Q4 results and provided lower than expected FY14 EPS guidance, Wells Fargo doesn't believe that the company has factored in the positive impact on sales of the company's e-commerce and SG&A investments. The firm keeps an Outperform rating on the shares.
GOOG Google ad spend looks to be in line for the quarter, says Goldman
Goldman's checks indicate Google's ad spend is roughly in-line for the quarter and is forecasting standalone revenue of $13.29B vs. consensus of $12.95B. The analyst continues to expect margins to be pressured by increasing percentage of mobile queries combined with smartphone and tablet offerings. Shares are Neutral rated with a $760 price target.
MON Monsanto checks show tight glyphosate market, says Piper Jaffray
Piper Jaffray said its channel checks indicate the supply/demand dynamics for glyphosate herbicide remain very tight. The firm views the checks as incremental positives for Monsanto and reiterates an Overweight rating on the stock with a $133 price target.
CERN Cerner price target raised to $110 from $97 at Jefferies
Jefferies believes Cerner's investments are driving competitive inroads and raised its price target for shares while keeping a Buy rating on the stock.
MA MasterCard downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded MasterCard citing valuation and lack of momentum
LNKD LinkedIn acquisition of Pulse makes strategic sense, says Wunderlich
Wunderlich believes LinkedIn's acquisition of Pulse makes great strategic sense as it will accelerate the company's efforts to become a large publishing platform and expand the capabilities of its mobile applications. The firm reiterates a Buy rating on LinkedIn shares with a $195 price target.
KORS Michael Kors initiated with an Underperform at CLSA
CLSA believes Michael Kors shares are priced for perfection and for the company to approach saturation in North America over the next four years. Price target is $60
MSFT Microsoft downgraded to Outperform from Buy at CLSA
CLSA downgraded Microsoft due to a continued deterioration in the PC market and recent share strength. Price target lowered to $34 from $36. Note that shares were downgraded at three firms yesterday.
YHOO Yahoo price target raised to $26 from $22 at JPMorgan
JPMorgan raised its price target for Yahoo citing improving engagement trends and a higher implied valuation for Alibaba Group. However, the firm keeps a Neutral rating on the stock pending greater improvement in Yahoo's core business
Will be placing some small lotto trades on weeklies expiring today. May possibly look to grab some lotto CMG $320 puts if it shows some weakness at the open. Will be watching PCLN and GOOG as well. Have calls already but may look for more.
Here are the strikes I am looking at:
|Stock Ticker||Call/Put||Strike||Expiration||Closing Price||Entry Price|
Some of those expire today so very risky. Lets have a great end to the trading week!