What a day yesterday as the Market ramped to all-time highs and the SPY broke $170 and never looked back. Some huge gains to be made on some of the earnings plays to include the MA bounce yesterday, YELP, CTRP, SFLY, SAM and others. Of course the two of the three I really liked for yesterday earnings flopped with WTW and OPEN giving disappointing outlooks, although I think OPEN can rally still. LNKD reported some great numbers once again and I think is/or continues to be the darling on wall street. That earnings report and outlook should get the stock to $250+ in short order.
Anyone new to options should understand that days like yesterday where calls can go from .30 to $13+ don’t happen all the time, and buying calls/puts on that premise will result in your account being decimated. Play small and understand the risk and that will ensure your around to be in the multi-bagger plays.
Most of the upgrades today are around LNKD and here are some others of note:
LNKD LinkedIn price target raised to $270 from $228 at Piper Jaffray |
Piper Jaffray raised its price target for LinkedIn shares to $270 following the company's better than expected Q2 results and maintains an Overweight rating on the stock. Piper says the quarter left it more comfortable that LinkedIn remains mostly unchallenged in the $27B full time placement services market |
YY Inc. price target raised to $58 from $40 at Piper Jaffray |
Piper Jaffray raised its price target for YY Inc. following the company's better than expected Q2 results and keeps an Overweight rating on the stock |
OPEN OpenTable implied Q4 outlook may prove aggressive, says Citigroup |
Citigroup says that while OpenTable's Q3 and CY13 revenue and adjusted EBITDA guidance missed expectations, the implied Q4 outlook may prove too aggressive. The firm keeps a Sell rating on shares with a $58 price target following the company's Q2 results |
LNKD LinkedIn upgraded to Buy from Hold at Cantor |
Cantor upgraded LinkedIn citing the company's better than expected Q2 results and improving long-term outlook. The firm raised its price target for shares to $250 from $170 |
LNKD LinkedIn price target raised to $255 from $215 at Jefferies |
Jefferies raised its estimates and price target for LinkedIn following the company's better than expected Q2 results and reiterates a Buy rating on the stock |
APOL Apollo Group will have difficulty monetizing technology, says Wells Fargo |
Wells Fargo believes that there is speculation that an activist investor could look to invest in Apollo because of the potential monetization of its technology. However, the firm doesn't think that other schools will be very interested in using Apollo's technology. Furthermore, Apollo would undermine its own competitive advantage if it provided its technology to competitors, added the firm, which keeps a Market Perform rating on the stock |
V Visa added to Select List at Stifel |
Stifel believes that the sell-off in Vis due to fears about debit fee limits is overdone. The firm thinks the impact of stricter fee limits on Visa will be minimal. It reiterates a Buy rating on the shares |
Will be keeping it small today and will try for a couple lottos. With futures fading on the July Jobs numbers, will play for a bounce, and would guess if the market gains some steam, we can see some huge EOD moves on PCLN and LNKD.
Here are the strikes I am looking at for the open:
Stock Ticker | Call/Put | Strike | Expiration | Closing Price | Entry Price |
PCLN | CALL | $915.00 | Weekly | 1.55 | 0.40 |
LNKD | CALL | $240.00 | Weekly | 1.40 | 0.35 |
For folks who are unaware, I am getting married a week from today. Tuesday will be my last full-day and I will be somewhat out of commission until August 27th. I will try to have a Week Ahead Webinar Saturday night, stay tuned to the blog for updates on the date and time.
Lets have a great end to the week!
- JB