June 14th, 2018 Watch List

Markets closed lower on Wednesday, with stocks finding some late day selling pressure after the Fed Statement and Press Conference - the S&P fell .40%. Asia markets sold off overnight while Europe stocks are mostly higher this morning after reversing earlier losses. The US dollar, Oil, and Gold are higher while Treasury Yields are lower.

And this is what UPB is reading this morning : https://www.optionmillionaires.com/thursday-morning-reads-59/

Yesterday was one of my busier days in recent memory as I looked to lock some positions in while adding some others I saw an opportunity in,

I closed the last of my ISRG calls for over 300%. The stock failed to hold above $495 for the third time and found some weakness...didn't want to lose the profits. Will revisit at some point for the eventual move over $500.

ROKU soared yesterday, testing $44 before pulling back. I was able to close the last of my $42 weekly calls for over 200%. Will certainly be looking to add some later dated calls on the name for a move over $50 in the coming weeks - another upgrade this morning.

DOCU rocketed after 3pm, hitting all-time highs and nearing $65 before pulling back. I was able to close some of my calls for 100% and will hold the rest for a possible move to $68+ into tomorrow. Will also be looking today for later dated strikes to play for a move to $80+.

I added some ANET weekly calls as the stock started to break over $280. I was able to lock some in to cover some costs and will hold the rest for the possible $290+ move.

CVGW has started to recover from its earnings drop. I finally added some calls yesterday. I think the stock is set to break back over all-time highs in the coming weeks - meaning a breach over $100 soon. The $90 break would be key, hoping it happens today :

Last, but not least, I added some July ICPT calls. The NASH space is set to go on fire with recent positive data from competitors. Only a matter of time before there are acquisitions,  either of ICPT or the competitors. Think ICPT trades well north of $100 in the coming weeks.

TRUP hit all-time highs yesterday, still holding the rest of my AUG call and will use the $36 area as a spot I will look to take the profits.

Still looking to close my  TZOO, EVH, WIX, and AGN calls. Will be watching CMG, TSLA, IRBT, DOCU, and ROKU for calls today.

The SPY pulled back from the upper bollinger band, that $279.90 area looks like resistance with the $277 area as support(where I would add a hedge) :

Here are the analyst changes of note for today:

Qualys price target raised to $105 from $95 at Needham
Needham analyst Alex Henderson raised his price target on Qualys to $105 after the company's Analyst Day presentation "effectively raised guidance" by providing a long-term projections of over 20% top line growth. Henderson cites continued expansion of functionality driving the company's Security and Network management capabilities, while also "broadening the breadth of its VM security platforms" helping Qualys to sustain its "industry-leading profitability". The analyst keeps his Buy rating on Qualys
Jefferies keeps Buy rating on TAL, says fraud claims are serious
While Muddy Waters' report did not relate to TAL Education's (TAL) core businesses, the fraud claims are serious nonetheless and would cast concerns over the company's integrity should management be unable to provide a satisfactory explanation, Jefferies analyst Johnny Kin Man Wong tells investors in a research note. The analyst expects share price volatility and notes that New Oriental Education's (EDU) stock price fell from $22.26 to $9.47, or 57.5%, over the course of two days when similar short reports arose in July 2012. Wong has a Buy rating on TAL Education with a $42.50 price target
Tailored Brands earnings pullback a buying opportunity, says Jefferies
Jefferies analyst Randal Konik recommends using the post-earnings pullback today in shares of Tailored Brands as a buying opportunity. With stock having a strong run year-to-date, expectations into the print were somewhat elevated, Konik tells investors in a research note. JoS. A. Bank comps and gross margin were a touch light, but transactions are up, custom is growing, inventory is lean, and the balance sheet is cleaned up, the analyst contends. He sees improving sales trends, share gains, margin expansion and accelerating free cash flow generation benefiting shareholders with a two year view. Konik keeps a Buy rating on Tailored Brands with a $40 price target
Cheesecake Factory price target raised to $60 at Maxim
Maxim analyst Stephen Anderson kept his Buy rating on Cheesecake Factory and raised his price target to $60 from $57, citing the anticipated accretion of his expected announcement of the company acquiring North Italia "within the next couple of quarters". Anderson also raises his Q2 comps growth view to 1.5% from 1.2% and forecasts the stock to benefit from a short-covering rally given its "large" short interest of 29% of the float
Roku initiated with an Outperform at Macquarie
Macquarie analyst Paul Golding started Roky with an Outperform rating and $49 price target, saying that its smart TV penetration is growing rapidly thanks to its licensed Roku OS, which drives higher viewership and leads to growth in ad impressions. Further, the analyst notes that Roku Channel - Roku's own stream of curated content - is proving successful so far, entirely ad supported and expanding to 3rd party TVs
Amazon.com price target raised to $2,100 from $1,900 at DA Davidson
DA Davidson analyst Tom Forte raised his price on Amazon.com to $2,100 and kept his Buy rating, citing his updated model projecting incremental revenue generated by the company's private-label and ad efforts relative to his prior forecasts. Forte says he is raising his sales growth projections by 1% for the forward years and still expects longer-term adjusted EBITDA margin to reach 20% vs. 11.1% in 2017
FedEx should reach inflection for margin contraction during quarter, says Cowen
Cowen analyst Helane Becker noted FedEx will report Q4 earnings after the market closes on June 19 and she believes the quarter will mark an inflection for margin contraction. She expects to see improved margins at Ground and Freight due to solid pricing trends and ongoing volume growth. She also sees no lingering TNT issues at Express while the recent 30% increase in its dividend should be viewed favorably by investors. Becker reiterated her Outperform rating on FedEx shares
H.C. Wainwright says don't forget about Viking with Madrigal in play
After Bloomberg reported that Madrigal Pharmaceuticals (MDGL) is exploring a sale after receiving takeover interest, H.C. Wainwright analyst Joseph Pantginis tells investors to not forget about Viking Therapeutics (VKTX). The latter's potential treatment for non-alcoholic steatohepatitis, VK2809, could be even better than Madrigal's, Pantginis contends. The analyst believes that with Madrigal in play, it continues to bring "deserved focus to VK2809, which should garner significant business development interest as well." The analyst thinks VK2809 is "just starting to realize its underlying value from an investment standpoint." Citing the market potential for VK2809 and VK5211, the analyst highlights the value disconnect when comparing Madrigal's market capitalization of $4.8B with Viking's at $652M. Pantginis keeps a Buy rating on Viking Therapeutics with a $15 price target
Square price target raised to $60 from $42 at Wells Fargo
Wells Fargo analyst Timothy Willi raised his price target for Square to $60 from $42 as he is increasingly confident in its ability to drive substantial growth in S&SB revenue for many years to come. The analyst reiterates a Market Perform rating on the shares
GrubHub price target raised to $130 from $100 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for GrubHub to $130 from $100 as he believes the opportunity for it to add incremental value to its partners via a white-labeled mobile application is materially undervalued, the company's customer acquisition cost is barely increasing above media inflation, despite significantly ramping marketing spending and it is underpenetrated with its existing chain restaurant partners. The analyst reiterates an Outperform rating on the shares
IBM positioned for gross margin stabilization, says RBC Capital
RBC Capital analyst Amit Daryanani kept his Outperform rating and $180 price target on IBM, saying that it has underperformed in 2018 on investor concerns around its gross margin trajectory and sustainability of revenue growth. The analyst contends however that IBM is positioned for more stable gross margins for the rest of the year and a potential stabilization, "if not growth", in revenues, citing an expected recovery in its Global Business Services segment and a sustained growth in Cognitive and Technology Services & Cloud Platforms. Daryanani believes that the risk-reward on IBM is "attractive

And here is what I am watching today:

Stock Ticker




Closing Price

Possible Entry Price




July 20th

.50 x .65





July 20th






July 6th

1.15 x 1.45





July 20th

.40 x .50





June 22nd

.60 x .65


Let's have a GREAT DAY!


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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