Hope folks had a Merry Christmas and enjoyed the off day with their friends and family. We still have 4 more trading days to go in 2012! This morning seems rather quiet with no major market moving news pieces. There we this article in the WSJ that spoke of the worst holiday shopping season since 2008 Holiday Sales : http://professional.wsj.com/article/SB10001424127887323291704578201703984825458.html?mod=WSJ_hp_LEFTWhatsNewsCollection
It does not look to be having an impact on the retail stocks as most are unchanged. Japan elected in the new Prime Minister and the Nikkei responded with another 1.5% gain. There have been talks of trillions of dollars used to weaken the Yen in an attempt to jumpstart the economy. Should be interesting stories for the first part of 2013.
Not many analyst changes this morning, and only one stood out(not really a change just a reiteration)
(MOS)
Mosaic fundamentals near a bottom, says Goldman
Goldman recommends buying Mosaic on any weakness following it Q2 report on January 4. The firm believes challenging fundamentals are understood by investors and that 2013 has visible catalysts that include new China/India contracts in Q1 and margin opportunities in Phosphates. Shares are Buy rated with a $68 price target.
There were 2 articles out on China internet with the second being SINA denying Alibaba stake(not good for SINA)
SINA : http://europe.chinadaily.com.cn/business/2012-12/25/content_16054264.htm
China news: http://www.nytimes.com/reuters/2012/12/26/business/26reuters-china-economy-survey.html?src=busln&_r=0
HLF is looking to bounce today but I wont be playing it now.
Here is a nice read on SODA : http://news.investors.com/business-the-new-america/122412-638189-sodastream-green-commercial-slams-plastic-bottle.htm?p=3
Not many stick out pre-market today and will be cautious for now. Still like NKE calls, SINA puts, SODA calls. Here are the ones i am looking at this morning at open:
Stock Ticker | Call/Put | Strike | Expiration | Closing Price |
MON | CALL | $100.00 | JAN | 0.24 |
MOS | CALL | $57.50 | weekly | 0.06 |
SODA | CALL | $55.00 | FEB | 0.50 |
MOS calls are very risky and will wait for $56 is held before considering. Will look to add more $SODA calls as I think this heads over $45 next few days.
Lets have a great trading day!
- Jimmybob