The DOW has now closed green 9 consecutive days, the longest streak since 1996. Those thinking the longer the streak the bigger the pullback can look at the previous times the market has had such streaks for guidance : http://www.bespokeinvest.com/thinkbig/2013/3/13/djia-9-day-winning-streaks.html
Those who are more bearish can use this chart reference to make them feel better from zerohedge http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130313_DOWSPX.jpg
With jobless claims coming in better then expected this morning, it looks like the market is going to continue it’s mojo. Some big upgrades for LNKD this morning, as well as EBAY and AAPL.
Here are some of the analyst changes today:
SNDK SanDisk initiated with an Outperform at Macquarie
Target $65.
AAPL Apple upgraded at BTIG
As previously reported, BTIG upgraded Apple to Buy from Neutral. The firm upgraded shares based on low expectations, the return to earnings growth driven by new products and services, and benefits from the reversal of the impact of tighter phone upgrade policies in the U.S. Price target is $540
VMW VMware remains well positioned for growth, says Cowen
Cowen believes VMWare expects more share appreciation as the year progresses after the company outlined its strategic mission to expand it market opportunity including its Pivotal Initiative and cloud platform. The firm reiterated its Outperform rating citing better than expected guidance, a bullish outlook and current valuation.
LNKD LinkedIn price target raised to $220 from $157 at Goldman
Goldman believes LinkedIn's market opportunity is underappreciated and that its efforts to improve user engagement is driving accelerated growth. The firm believes there is upside to marketing revenue growth and reiterates its Buy rating.
EBAY eBay likely to see minimal impact from MasterCard fee, says Bernstein
Bernstein believes that MasterCard's (MA) new fee on PayPal will have a minimal impact on eBay's(EBAY) 2013 and 2014 EPS. The firm reiterates a $66 price target and Outperform rating on eBay.
VRA Vera Bradley weakness a buying opportunity, says Jefferies
Jefferies recommends using any weakness in shares of Vera Bradley following the company's Q4 results as a buying opportunity. The firm expects the company's trends to improve and maintains a Buy rating on the stock with a $35 price target.
With March expiration tomorrow, will keep my positions tight for now. Will look for possible entries on AAPL as well as LNKD if it crosses 185.
Stock Ticker | Call/Put | Strike | Expiration | Closing Price | Entry Price |
AAPL | CALL | $445.00 | Weekly | 0.44 | 0.44 |
LNKD | CALL | $190.00 | Weekly | 0.11 | 0.10 |
Lets have another great day!
- JB