Tag Archives: Watchlist

July 2nd, 2019 Watch List

Markets rallied on Monday, with the S&P finishing up .77% and making a 6th record high for the year. Asia stocks closed lower overnight while Europe stocks are in the green this morning. U.S. futures are pointing to a slightly lower open, the Dollar, Yields, and Oil are lower while Gold is higher after having its worst session of 2019.

And If you missed it, my chatroom rant : https://www.optionmillionaires.com/jb-chatroom-rant-july-1st-2019/

I locked the last of my July $26 HUYA calls in for 250%  yesterday as the stock failed to hold the $26 level. I did not want to see the profits evaporate. Still holding the July $30 calls and may look for some August strikes today if the stock can regain the $26 handle. The uptrend is still intact and the stock has a date with that $28-29 level in the coming weeks. The stock also received an upgrade this morning from a boutique analyst firm:

I added some ROKU calls early as the stock rallied over $94 despite the rise in negative headlines starting to hit the stock. It struggled to hold the highs then reversed course under $93.50 so I closed the calls out for a loss.  Sure enough, the stock received a downgrade this morning. The $85 level would be a spot I would start nibbling some later dated calls to play for a move back to all-time highs in the coming months:

SSYS closed down over 3% yesterday on the heels of its monster rally on Friday. I was close to exiting the rest of my Sept calls on the break under $28 but the premiums were holding up well and think the stock will be back over $29 in the coming days:

GILD received an upgrade this morning and looks like it could have some legs over $70. May get some weekly calls today:

Still looking to add some more SMAR and TDOC calls as well.

Always seems when the market hits highs, Marketwatch comes out with all the negative articles and headlines:

Markets melted from the gap yesterday, with the SPY falling into the $294s before staging a rally after 3pm to close at $295.66. Think another day or two of consolidation would be healthy here for a test of that $300 number on the SPY:

 

Here are the analyst changes of note for today:

titch Fix price target lowered to $43 from $52 at RBC Capital
RBC Capital analyst Mark Mahaney lowered his price target for Stitch Fix (SFIX) to $43 from $52 and reiterated a Market Outperform rating. In a research note to investors, the analyst says is he incrementally positive on Stitch Fix following his firm's second survey of over 2,000 consumers, including around 150 Stitch Fix customers, saying there appears to be growing interest in Online clothing subscription services and the two services within this category that are most frequently used are Amazon Wardrobe (AMZN) and Stitch Fix. While the survey results are positive for Stitch Fix, Mahaney says they also clearly highlihgt the competitive risk of Amazon
Lululemon "newness" growth hits all-time high, says Baird
Baird analyst Mark Altschwager said his proprietary lululemon assortment tracker showed robust growth across total assortment. The survey showed its "Newness" growth hit historical highs driven by men's newness items. In addition, women's total assortment reached record highs and accelerated from May levels. Altschwager reiterated his Outperform rating and $205 price target on lululemon shares
Credit Suisse boosts Beyond Meat sales estimates but keeps $125 price target
To account for "strong" retail sales growth in his Nielsen tracking data and continued distribution gains at new restaurant chains, Credit Suisse analyst Robert Moskow raised his fiscal 2020 and 2021 revenue estimates for Beyond Meat to $360M and $511M from $350M and $472M, respectively. The analyst also boosted his EBITDA estimates for Beyond Meat modestly above consensus. Moskow, however, keeps a Neutral rating on the shares with an unchanged price target of $125. The stock closed Monday down $8.10, of 5%, to $152.58. The analyst now expects 64M of shares outstanding in 2020, up from 60M, due to dilution from option grants. The $125 price target assumes a multiple in-line with other early-stage technologically driven growth stocks in the consumer space, discounted back to current value, Moskow tells investors in a research note

Huya upgraded to Buy from Hold at 86 Research

Ambarella computer vision IP significantly undervalued, says Cowen
Cowen analyst Matthew Ramsay met with Ambarella management and noted near-term visibility remains clouded as both its customers and competitors continue under scrutiny. The analyst said despite this, he sees the proprietary low-power computer vision IP as significantly undervalued and set to drive sustainable growth in both the auto and security sectors. Ramsay reiterated his Outperform rating and $54 price target on Ambarella shares
Cantor boosts Gilead target to $88 on moved up filgotinib timeline
Cantor Fitzgerald analyst Alethia Young raised her price target for Gilead Sciences to $88 from $87 and reiterates an Overweight rating on the shares. The "positive" U.S. filing update for filgotinib could move timelines up by at least a year, Young tells investors in a research note. The analyst's prior base case assumed a 2022 U.S. launch with sales of $93M. Following last night's update, the analyst shifted her timelines for a potential late-2020 approval

And here is what I  am watching today:

Stock Ticker

Call/Put

Strike

Expiration

Closing Price

Possible Entry Price

TDOC

CALL

$75.00

July 19th

.30 x .45

0.40

SMAR

CALL

$60.00

Aug 16th

.50 x .60

0.55

GILD

CALL

$71.00

July 19th

.20 x .28

0.25

HUYA

CALL

$34.00

Aug 16th

.25  .40

0.35

Let's have a GREAT DAY!

-JB