Stocks look to start Friday on a higher note. They have been rallying since the European open. There was positive data overseas last night. Bonds are drifting lower again, this will remain a volatile trade, but the trend is still lower. There will be rips along the way so be wary of that.
I like $PCLN for a bounce today. $PCLN calls and Fridays are two words that have worked in the past. CALLS/PUTS that expire today are VERY RISKY. You could lose 99% of your investment in minutes!! BE CAREFUL.
Yesterdays NASDAQ glitch, wow what an embarrassment. Investors didnt seem to care much as stocks rallied after trading resumed. Mikey great call letting everyone know about it right as it happened. He's the male version of Maria Bart. from CNBC.
Todays morning video --->>> https://www.optionmillionaires.com/2013/om-com-morning-market-video/
Yesterday I copied some of Sunday nights week ahead video to cover my call on $ARO and $ANF --->>>>
Thanks everyone who attended yesterdays live webinar!
In case your wondering, JB will be back on Wednesday.
Have a great Friday. See you Sunday night for the week ahead!
$ARO Aeropostale price target lowered to $6.50 from $8 at Morgan Stanley
Morgan Stanley sees no clear growth prospects for Aeropostale and reiterates its Underweight rating
$JPM Keefe Bruyette analyzes JPMorgan break-up, but sees as unlikely
Keefe Bruyette believes the likelihood of a JPMorgan break-up is "quite low," but said talk of a potential break-up has led it to evaluate such a scenario. Keefe Bruyette's analysis indicates the sum of JPMorgan's individual business lines is valued at a 30% discount to similar companies, which it views as high, even with the litigation overhang. Further, if the bank were to be broken up, Keefe estimates that it could free up nearly $20B in Basel 3 capital. The firm has an Outperform rating on the stock
$GME GameStop price target raised to $57 from $50 at RW Baird
Baird raised its price target on GameStop following solid Q2 results and raised guidance. The firm cited expectations for a return to positive comp sales, improved visibility for a second half ramp, and continued product momentum. Shares are Outperform rated
$P Pandora remains compelling play on mobile, says JPMorgan
JPMorgan believes Pandora reported solid Q2 results and raised its price target for shares to $25 from $23. The firm says Pandora remains a "highly compelling pure-play on mobile" and keeps an Overweight rating on the stock
$GPS Gap reported strong results, says Stifel
After Gap reported in-line Q2 results but raised its FY13 EPS guidance, Stifel believes that customers are responding favorably to apparel at both Gap and Old Navy. The firm expects the company's earnings to jump 10%-15% annually for the next several years. Stifel keeps a Buy rating on the stock
$P Pandora price target raised to $27 from $24 at Piper Jaffray
Piper Jaffray says Pandora's monetization is improving says the company's Q2 earnings outlook topped its estimate despite falling share of consensus. Piper upped its price target for shares to $27 and keeps an Overweight rating on the stock
$ANF Abercrombie & Fitch downgraded to Neutral from Outperform at RW Baird
Baird downgraded Abercrombie given the week Q2 report and guidance, and the highly promotional teen environment. Price target lowered to $42 from $59
$SPG Simon Property upgraded to Outperform from Market Perform at BMO Capital
BMO Capital upgraded Simon Property based on "compelling" relative valuation. Price target is $175
$ADSK Autodesk upgraded to Buy from Neutral at B. Riley
B. Riley upgraded Autodesk citing the solid Q2 report and business model transition. Price target raised to $42
PCLN $965 calls weekly $.50
$HLF sep 6 puts $.75
$TLT $101 sep monthly puts $1.00