May 19th, 2014 Morning WatchList

Futures are starting the week in the red, following Asia and Europe, although the DAX is currently in the green. M&A stole the headlines on Sunday as AT&T is set to buy DirectTv for $95, Pfizer raised it’s bid to buy the British company AstraZeneca, which was turned down. Rumors also of a GOOG purchase of the streaming gaming site TWITCH.TV. Look for M&A to continue in the coming months.

If you missed it here is the Week Ahead Webinar from last night :

I will be watching HD earnings tomorrow closely and the FOMC minutes on Wednesday afternoon may be a market mover. Even this morning, seems every financial site has some bold warning about the impending market crash(usually means we bounce the other direction).. Will be watching the 50dma on the SPY as always for support $186.64, and will most likely nibble puts on BIDU if the market fails to hold.

Interesting little piece on Japan and their $1.26 trillion pension fund :

Here are the analyst changes of note for today:

IntercontinentalExchange weakness creates buying opportunity, says Argus

Argus expects IntercontinentalExchange to be boosted by what the firm sees as its proven ability to execute well and its strong market share in energy and agriculture futures. The firm reiterates a Buy rating on the shares but cut its price target on the name to $220 from $240

CME CME Group weakness creates buying opportunity, says Argus

Argus expects CME's results to improve in coming quarters, based on its belief that there will be strong demand for risk management products. The firm keeps a Buy rating on the stock

MRVL Marvell shares undervalued, says RBC Capital

RBC Capital expects Marvell to deliver beat and raise Q1 results. The firm recommends buying the stock as it thinks the shares are undervalued

CRM likely to beat Q1 expectations, says RBC Capital

RBC Capital expects's Q1 results to beat expectations, and the firm is upbeat about the stock's risk/reward ratio heading into the results. The firm keeps a $75 price target and Outperform rating on the shares

HPQ HP price target raised to $40 from $34 at Brean Capital

Brean Capital raised its price target on Hewlett-Packard to $40 from $34 as they believe guidance is achievable, the company can find additional cost savings, and the company will continue to use its free cash flow to buy back stock. Shares are Buy rated

FL Foot Locker Q1 estimates raised at UBS

UBS raised Foot Locker Q1 EPS estimate to $1.07 from $1.04, vs. consensus of $1.06 and increased its higher same-store-sales forecast to 6% from 5%. The firm sees potential upside to its 6% same-store-sales estimates due to strong U.S. basketball sales, Nike prices increases, accelerating European trends and improving productivity. Shares are Buy rated with a $51 price target

DKS Dick's Sporting price target lowered to $56 from $61 at Stephens

Stephens said its channel checks point to weak sales in the sporting goods sector, but with an improvement in April. The firm lowered its target multiple on shares of Dick's Sporting Goods ahead of its earnings report tomorrow and cut its price target on the stock to $56. Stephens maintains its Equal Weight rating on the shares

DISH Citi lays out options for DISH following AT&T, DirecTV merger

Citigroup says AT&T's (T) buyout of DirecTV (DTV) removes two potential M&A scenarios for DISH (DISH). Citi sees four potential choices for DISH: offer a competitive bid for DirecTV; sell the spectrum or sell the entire company to Verizon (VZ); buy T-Mobile (TMUS); become a wireless provider by building or partnering to create a national network. The firm says it cannot dismiss the possibility that DISH becomes an alternative bidder for DirecTV

DECK Deckers Outdoor initiated with a Buy at Citigroup

Citigroup sees upside to shares of Deckers Outdoor into the company’s analyst day this fall, its first since 2008, and long-term momentum around UGG's global expansion. Citi believes shares at current levels offer an attractive entry point and initiated the stock with a Buy rating and $94 price targe

Here are my current positions:

5-17-14 Tracker

Will look to add some Movado calls, as they report this week and think it will be a catalyst for shares to back to it’s last earnings highs:

Stock Ticker




Closing Price

Possible Entry Price





.05 x .45








Lets have a great day!!

- JB

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, 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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