Tag Archives: BLK

10-17 Watchlist

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Dy 3 of green futures as the risk-on rally continues. Well I wouldn't call it a rally yet, but it's starting to feel like the market has its found its footing after last weeks sell-off. We had some nice movers yesterday. FOSL moved well right out of the gate, AAPL traded higher most of the day, and BLK finally let loose. Looks ike we are in for another green day and I think the focus needs to be on some of the high risk-on names like KORS, FOSL, and others as well as some great companies that have been laggards like BLK. The Debate last night seemed to be a draw but folks are saying Obama won on less expectations. Romney win means a market rally and some of the resource stocks to rally, as well as some of the green cmpanies go down like Tesla, something to watch over the next few weeks.

We did have some earnings reports after the bell yesterday and this morning. ISRG destroyed estimates but concerns over procedures has the stock down. BAC and PEP reported this morning and both are somewhat flat.  BLK reported a great quarter beating REV and EPS, and the revenue growth was the first in sometime. Hopefully that pushes us over $200. We have AXP after hours, and Thursday brings GOOG and CMG.

Here is what I am watching:

 

Stock Call/Put Strike Expiration Closing Price Entry Price
BLK Call $200 Oct 0.45 0.45
BLK Call $210 Nov 0.35 0.35
CAT Call $87.50 Oct 0.09 0.11
CLF Call $47 Oct 0.11 0.11

 

I like BLK and think the way to play maybe to get some NOV calls as well as possible playing for a move over $200. CAT started a reversal yesterday and could move another $3, making the 87.50s a 5x bagger. CLF starting to move to $48+, bought some of the $47s yesterday @ .11, and will add more. KORS was pointed out by Gambler in chat and looks to be breaking out again PM, one to watch as we added 60c yesterday. Still hopeful on WYNN, SODA, MLNX, CLF, LNKD, and FOSL.

Unless I see some serious volume on ISRG, I will not look to play again. Have some 640 NOV calls.

 

Lets have a great day folks!

 

- Jimmybob

10-9 Watchlist

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Waking up to riots on Greece and flat futures, all though they are now green. Not too many market catalysts today, but we do have the official earnings season kick-off with Alcoa reporting after the bell. We also have YUM brands. The IMF lowered the growth forecast for the World Economy and it took a toll on the asian market over night with Japan down near 1%. The China market opened after a week long holiday and opened up 2%.

Again, I am still under the premise that we melt higher these next few weeks. Stocks i am watching:

BLK - still big on this stock and think it sees $200 short term. May add some 200s to my warchest today. CITI upgrade yesterday to $220 and almost seemed like they quoted my blog piece.

SODA - Ready for another 5%+ move here and over $40 in short order. Good comments out from JPM yesterday : SodaStream shares not pricing in much for U.S. business, says JPMorgan -  $40 calls look to be the play here and may ad 42.50s if i see it get some volume.

NFLX - getting hammered here PM and a reason why you need to take some profits if your up big. Will lose quite a bit on my 72.50 calls at open. Wont look to play it, but I think big money keeps this up in the 70s today. Who knows.

YUM - is one I am looking at to play on earnings today with the $70 calls @ .42. Will post in chat if i grab some but looks like nice risk v reward IMHO

BIDU - Big downgrade and PT drop today. Not going to play but I think it may start getting some mojo to the downside and its possible it heads under $100. If I see volume under $108 i will go for some 100/95 puts

Those are the ones I will be watching, here is more on the list: PCLN, MLNX, AMZN, LNKD, WYNN

Lets have a GREAT DAY!!

- Jimmy

Blackrock (BLK) – The Chase for Performance

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With the S&P up over 16% year-to-date, it can be hard to find some stocks that have potential to break out... or is it? Laggards in this type of market are usually the ones with poor fundamentals or growth. Finding ones that maybe slipping through the cracks could offer a nice risk vs. reward scenario. We think Blackrock(BLK) is one that fits the bill.

With earnings beats in the last 9 quarters dating back to mid-2010, one would think the stock would be up quite a bit from there, but it's actually down $40 from its $220 high. There are some concerns over Blackrock(BLK) and it's revenue growth and that is one of the reasons the stock fails to find its footing. It's also losing ETF market share.  But in this era of easy money, where folks are looking for places to get a return on their equity, a stock like Blackrock(BLK) could be one to look at.

The financial sector is up 23% Year-to-date yet Blackrock(BLK) is only up 3%. Somethings got to give. We are thinking it will be Blackrock's(BLK) shares to the upside.

We currently hold $190 and $195 Oct 20th calls. We will have more on Blackrock(BLK) in the next few days.

10-4 Watchlist

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What another great day folks, as NFLX and FDO provided some huge returns! LNKD also provided a nice flip opportunity on the 125 calls, and VRNG brought some end of day aciton. ADP numbers out this morning a little worse then expected but not too much, so the futures are holding their gains. Draghi and the ECB is currently having a press conference, nothing is really expected that will be market moving, but you never know. Although the market seems a little squeamish at times this week(or maybe thats me) the SPY chart looks very stable and trending up. I still think $SPY $150 is in reach short term, and will play it that way until something changes my mind.

What I am watching today:

BLK - I am very sorry for not putting this on the watchlist yesterday. Company reports earnings on Oct 17th, and the OCT 20  calls were showing zero premium, meaning they were/are CHEAP relative to where the stock is and the fact that they are a company that has beat EPS 7 Qs in a row yet the stock is down for the year while the market is up 15%. I like the 190/195 calls. Already added both yesterday and will load 195 calls again today.

LNKD - Chart showing tight bollies, last time we had that on the chart stock ran from 107-122. Not saying it runs like that, but think she breaks out hard next two days. $125 calls were the play yesterday and I am still holding all mine. Better play if not in maybe grabbing the 130/135 calls for next week for a flip/

NFLX - folks keep asking if i think it goes higher, and i say yes! But we know how fickle NFLX can be. I locked in my 57.50s for way too cheap (3.25 from .43) and still hold 62.50s which i may sell today. If NFLX shows continued unbiased buying I will look to get some more calls , maybe 65s.

MLNX - stock i LOVE and have been big on last 2 weeks. Bought the 140 calls @ .50 ast week. I think MLNX heads to 125+ short term and will look to get 145/150 calls today/

 

That is all for now, as always keep an eye on chat and twitter. I will also be writing about Blackrock today on the blog... not that there will be any reaction on the stock, but if folks by calls it may cause market makers to play some games with the prices.

Lets have a GREEN DAY!

 

- Jimmybob

The Chase is ON!

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The chase is on.... for  performance that is. Now that the SPY has closed above $130, folks are rushing into stocks as the potential to miss the rally, outweighs the possible downside risks.

Now is the time to turn to those old stocks, still fundamentally sound, but beaten down.

Stocks to watch the next few days: PCLN CME ICE CRM.

We are also watching BLK for a bounce on Earnings this morning.