I have been talking about this for sometime in the chatroom, but we are always looking for some new contributors to the blog. Not looking to be a 'seeking alpha', but would love to see more diverse content on the site with varying opinions.

With that being said, folks interested just need to email jimmybob@optionmillionaires.com .

How will this work?

1. Will have a trial for those interested to submit 2 original articles on any financial topic related to sectors and/or specific stocks. Individual stock articles are preferred. Anything around fundamentals ant technicals on a particular stock is preferred as well.

2. We will run this for 3 weeks. At the end of the three weeks , a winning contributor will be selected. The winning Contributor will receive a free Diamond membership to the site as long as they continue to submit 2 articles per month. There is also a possibility  of being compensated for posts above and beyond the 2 per month.

Anyone interested please submit your request and/or questions to jimmybob@optionmillionaires.com by July 27th .

Looking forward to seeing some responses!

- JB

 

Another great day, with the markets ramping above all-time highs and everyone is drinking the Kool-aid. Some nice moves and profits on LNKD and SINA calls, and hopefully that continues. On the other hand, earnings reports from GOOG and ISRG have the stocks down here pre-market. TZOO had a decent earnings report, and was up nicely at the open, only to fade the rest of the day. I did lock some of the 35 calls in on Wednesday and will hold the rest of another ramp in the coming weeks.

 

Last night Detroit filed for bankruptcy, the largest municipality in history to do so: http://www.marketwatch.com/story/detroit-files-for-bankruptcy-protection-2013-07-18?dist=beforebell

 

Meredith Whitney, who called the financial crisis, has been saying this was going to be the next catalyst for a collapse. She has been saying it for a while but something to watch in the coming months. http://www.forbes.com/sites/steveforbes/2013/06/04/meredith-whitney-on-the-future-of-muni-bonds/

 

There are quite a few analyst changes this morning, with all the earnings reports. Here are the ones that stand out to me:

 

 

 

 

DECK Deckers Outdoor Q2 likely to beat expectations, says Jefferies

Jefferies believes Deckers Outdoor will report better than expected Q2 results on July 25 and reiterates a Buy rating on the stock with a $100 price target. The firm says the stock remains its top pick

 

PCLN priceline.com price target raised to $1000 from $915 at Macquarie

Macquarie said priceline.com remains a top pick in the group given industry leading execution and scale in International hotels, strong tailwinds in e-travel, and valuation. Shares are Outperform rated with a new $1000 price target up from $915

 

ISRG Intuitive Surgical price target lowered to $530 from $625 at JPMorgan

JPMorgan expects shares of Intuitive Surgical to be in the "penalty box" for a quarter or two after it cuts its outlook, said additional Japan reimbursement is unlikely in 2014, and announced an FDA warning letter. However, the firm believes catalysts are in place to drive future growth and keeps an Overweight rating on Intuitive Surgical, despite lowering its price target for shares to $530 from $625

 

GOOG Google weakness a buying opportunity, says JPMorgan

JPMorgan said it remains positive on shares of Google following the company's Q2 results and recommends buying the stock on the sell-off. The firm attributes the weaker than expected revenue to "self-inflicted policy changes" impacting the Google Network and reiterates an Overweight rating on the stock. The firm did, however, lower its price target for shares to $1,015 from $1,025

 

CMG Chipotle price target raised to $465 from $397 at Citigroup

Citigroup raised its estimates and price target for Chipotle citing the company's solid Q2 results and strong same-store-sales trends. The firm keeps a Buy rating on the stock

 

NFLX Netflix upgraded to Market Perform from Underperform at Northland Securities

Northland upgraded Netflix due to valuation

 

WDC Western Digital upgraded to Neutral from Sell at Citigroup

Citigroup upgraded both Seagate (STX) and Western Digital (WDC) to Neutral citing better than expected structural improvement in industry profitability. Citi raised its price target for Western Digital shares to $77 from $37

 

 

A couple notes for the weekend as I will not be back in full-force until Tuesday, as I am away. There will be no Weed Ahead Webinar on Sunday. I will do a earnings/chart Webinar on Tuesday afternoon. Will post the link later today. Sorry for any troubles, I know we have Netflix earnings next week and I will be sure to have some type of input on it when i get a chance.

 

I will also be in and out of chat today. Sorry for any troubles...

 

Looking for a few lottos today, as I will be betting that GOOG can bounce like it did last earnings, and that CMG may break over $400:

 

 

Stock Ticker	Call/Put	Strike	Expiration	Closing Price	Entry Price
GOOG	CALL	$905.00	Weekly	22.70	0.40
CMG	CALL	$405.00	Weekly	0.45	0.35

 

 

Lets have a great day!!

 

- JB

Todays Webinar with LeeMalone is up in the forum.

 

https://www.optionmillionaires.com/forum/showthread.php/465-More-Option-Strategies-with-LeeMalone-(Basic)?p=738#post738

 

Thanks Lee, and thanks for those that attended. Make sure you register for Next Wednesdays Webinar:

Please register for Option Strategies with LeeMalone (intermediate) on Jul 24, 2013 4:30 PM EDT at:

https://attendee.gotowebinar.com/register/6636002725621761280

Hope to see you there!!