Yesterday was a somewhat lackluster day with a few movers. SHLD was a nice play on the put side at the open, and HLF ramped higher during the day on the calls side. Alcoa kicked off the official start to earning season by posting a profit and decent numbers. Futures are green and looks like we have a nice day today.
Skulcandy is up on a piece on marketwatch: SKUL possible Takeover? http://www.bloomberg.com/news/2013-01-09/skullcandy-turns-takeover-target-after-66-drop-real-m-a.html
Tons of analyst upgrades/downgrades and target changes with AMZN continuing to get bumped up with 3 changes today:
Amazon.com coverage assumed with a Buy at Goldman
Amazon.com price target raised to $300 from $274 at BofA/Merrill
BofA/Merrill expects Amazon's eCommerce gains to drive shares despite continued margin disappointments. Shares are Buy rated.
Amazon.com price target raised to $310 from $260 at Benchmark Co.
Benchmark Co. raised its price target for Amazon.com shares on expectations increasing digital sales and strong 3P sales could drive better than expected operating leverage in Q4 and 2013. The firm keeps a Buy rating on the stock.
Red Robin upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley upgraded Red Robin due to top line initiatives that should help its comp forecast.
Ralph Lauren upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Ralph Lauren based on expectations for accelerating sales trends, easing currency headwinds, improving gross margins, and reduced investment spending, among other reasons. Price target is $190.
Apple may have shipped 46M+ iPhones in December quarter, says RBC Capital
After AT&T (T) reported that it sold a record 10M+ smartphones last quarter, RBC Capital believes that AT&T's announcement and its additional statements suggest that Apple shipped 46M+ iPhones in its December quarter. The firm maintains a $725 price target and Outperform rating on Apple
MasterCard upgraded to Buy from Neutral at Goldman
Goldman upgraded MasterCard based on higher transaction growth estimates, and strong credit and international volumes. Price target raised to $575 from $500
Visa upgraded to Conviction Buy from Buy at Goldman
Goldman added Visa to its Conviction Buy List and named it a top pick for 2013 given its leading position in payments, increased confidence in long-term transaction volume, and strong capital allocation prospects. Price target raised to $188 from $160
Today is the last day before EX-DIVY for BPT so I will be getting out of most my calls today, hoping it ramps over $80. Grabbed more $CALL calls yesterday and kicking myself for not getting any more SODA as the stock fell into the 45s and bounces near 47 to end the day. Would expect it to clear 48 again today.
Visa and Mastercard were upgraded at Goldman with Visa going on the conviction buy list. Been a heck of a run for both and looks like the runs continue today.
FB is having an event next week and invited press: http://blogs.wsj.com/digits/2013/01/08/facebook-issues-mystery-press-invitation/?mod=WSJBlog
Here are the strikes I like today:
|Stock Ticker||Call/Put||Strike||Expiration||Closing Price|
Small list but like what I am holding right now. Lets have a great day!