Sentiment Analysis
Types of Options
$BIDU March 28 $90 calls $.38 x $.40 – text alert
Just sent out the text alert.
I feel a sharp move higher is coming for $BIDU. I think next weeks $90 calls, while risky offer a great risk/reward as far as taking part of a big move higher in $BIDU stock. I think a move over $100 is coming shortly within the next week or two.
Current bid ask is $.38 x $.40
3-21-2013 Watch List
The market found footing later in the day as the “FOMC conclave ended”. Classic read from zerohedge: http://www.zerohedge.com/news/2013-03-20/green-smoke-rising-fed-fomc-conclave-ends . Thanks UPB for sharing that. Today there is a host of economic numbers including home sales. There is still the specter of Cyprus hanging around as well. Futures are slightly red and most of Europe is in deep red. Overnight the Nikkei continued its monster move hitting fresh 4 1/2 year highs. Expect today to be another somewhat volatile day and could see some consolidation before the next move higher.
Here are some of the analyst changes:
YHOO Yahoo! upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Yahoo! citing an increased valuation for the company's Alibaba stake and higher Search revenue expectations from toolbar/application providers. Opco expects Alibaba will complete its IPO within the next 12 months at a $77B valuation, making Yahoo!'s 24% stake worth $10.18 per share. The firm raised its pric etarget for Yahoo! shares to $27 from $22. Note Yahoo! shares were downgraded yesterday morning at BGC Partners.
PCLN priceline.com coverage assumed with an Overweight at Evercore
Target $850.
ORCL Oracle downgraded to Underperform from Outperform at CLSA
CLSA downgraded Oracle to reflect challenges from cloud computing adoption on the business model. The firm said Oracle is being impacted by disruptive dynamics not just from competition but from its shift to an economic model that disrupts its perpetual license business. Price target lowered to $35 from $38.
AWAY HomeAway upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley does not believe HomeAway's valuation reflects pricing leverage and potential upside from pay-per-booking. The firm believes HomeAway can beat Street estimates and established a $36 price target.
HD Home Depot price target raised to $61 from $54 at Canaccord
Canaccord raised Home Depot estimates to reflect market share gains and greater growth prospects. Shares are Buy rated.
ISRG Intuitive Surgical Q1 results likely to be strong, says Cantor
After Intuitive Surgical announced that its board has authorized an additional $1B share repurchase program and Massachusetts regulators called for increased scrutiny of robotic surgery, Cantor believes that Intuitive Surgical's risk/reward is still attractive. The firm reiterates a $575 price target and Buy rating.
ISRG Intuitive Surgical fundamentals remain strong, says William Blair
William Blair believes Intuitive Surgical's fundamentals remain strong following the company's buyback announcement and its call with Dr. Mario Leitao, gynecologic oncologist and co-director of the robotic surgery program at the Memorial Sloan-Kettering Cancer Center. The firm notes that Dr. Leitao does not believe recent reports on safety will change utilization on Intuitive Surgical's da Vinci. William Blair keeps an Outperform rating on the stock.
JBL Jabil Circuit near a bottom, says UBS
UBS believes Jabil's earnings are near a bottom following the Q2 report and guidance. The firm expects favorable seasonality to result in better set-top and printing trends and a bottom in industrial and healthcare trends. Shares are Buy rated with a $23 price target
EBAY Paypal partnerships could add $1B to volume, says Susquehanna
Susquehanna believs eBay's (EBAY) PayPal recently signed distribution agreements with both NCR (NCR) and Coinstar (CSTR) could add $$1Br more to PayPal volume. The firm is expecting a mass offline launch in the next few months and sees these partnerships as an expansion into the shopping, dining, and gas station markets. eBay shares are Positive rated with a $66 price target.
GME GameStop guidance may fall short of expectations, says RW Baird
Baird expects GameStop to announce mixed Q4 results next Thursday. The firm sees weak hardware sales and software prices under pressure which could lead to negative comps and flat earnings. In addition, Baird believes the speculation on the restriction of used games is misguided as they feel competitive forces and consumer preferences will protect the used trade. Shares are Outperform rated with a $28 price target.
Still have quite a few positions I am holding. FFIV, SAM, NFLX, WYNN, CRM , ISRG and others. Will look to grab some NKE April Calls at the open, ans possibly some $125 WYNN calls.
Stock Ticker | Call/Put | Strike | Expiration | Closing Price | Entry Price |
NKE | CALL | $57.50 | April | 0.54 | 0.55 |
WYNN | CALL | $125.00 | Weekly | 0.17 | 0.17 |
Lets have a great trading day!
- JB