Amazon.com (AMZN, $254.55, down $20.15) shares are getting hammered today despite reporting a better-than-expected quarter after the close last night. The company reported earnings of $0.18 a share on revenue of $16.1 billion. The suit-and-ties were looking for $0.08 a share on revenue of $16.14 billion. The slight miss in revenue and a lower growth have caused a stir on Wall Street but it was a great quarter for Amazon.
In their conference call, the company said “unit growth” came in at 30% but was 200 basis points lower year-over-year. However, gross margins hit an all-time which we feel is the bigger story. Today’s 7% pullback could be a buying opportunity or an option trade as support at $250 is holding. We will check the chart over the weekend to see if there will be a possible rebound or a continued move downtown.
There are a number of companies reporting next week that we are excited about: Clorox (CLX, $86.78, down $0.28), Facebook (FB, $26.87, up $0.73), and MGM Resorts International (MGM, $13.48, down $0.05) will be confessing their numbers to the Street so there could be an option trade or two in play that we like.
We are also thrilled to be doing an update on our favorite small-cap stock that has surge from a recent low of $3 to over $7 a share. We have been following the company for over a year and we have been pounding the table to our subscribers to buy 100, 500, or 1,000 shares or more to sock and stock away for the next year or two.
We have said we expect shares to trade to double-digits and our 6-12 month target has been $10. However, once the fund managers and Wall Street pros find out about this diamond in the rough, shares could still easily double from current levels and push $14-$15. Today, the stock is up another 32 cents that has triggered a 52-week high of $7.49.
We will also be talking about another stock that has fallen from $69 to $17 and could now be a takeover target.
We ran a special yesterday where you could get a 3-month membership to our Weekly Wrap for only $129, or $43 a month. We have discounted the price by over 60% because we want you to make money and we want you to get in on this growth stock that is ready to become a household name. The company plans to open its first 75 stores over the next year.
Here is the deal in case you missed it:
Use this coupon code below and associate it with the 3-month Weekly Wrap and you can join us for a over a 50% savings! The cost is just $129 and is normally priced at $261.
Weekly Wrap – 3 Month Subscription Only $261 for 3 months
Weekly newsletter – Stock market review and analysis for upcoming week.
Once you signup you will have instant access to our Weekly Wrap by logging into the Weekly Wrap Premium section located on our website.
This offer will expire this Sunday night (4/28/2013) at midnight so we urge you to take advantage of this rare opportunity to get in a powerful stock that could reward you well over the next 6-12 months.
We also have a slew of New Trades we are adding to our Daily Watch List over the weekend as we prepare for a continue breakout or a test back to the bottom of the trading range. Today’s close will be important so let’s go over some numbers. (continued…)
If you are not a subscriber but would like to get more, real-time trades, please click here. We are one of the fastest growing stock options trading advisors on the internet. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.
Our 5-year track record from 2008-2012 is now a staggering 621-273 – a 70% win rate. We doubt you will find a better options trading service. Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours. We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap. If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.
We will be back Sunday night with the Weekly Wrap and the chart work for the major indexes and on Monday morning with the Daily. Until then, have a great weekend! (And be sure to hit us up on our special discounted offer.)