Category Archive for ‘Earnings’

January 16, 2014

Best Buy (BBY) Crumbles on Weak Sales, Options Zoom 1,300%

by mome2143 / Posted in Daily Update, Sectors, Earnings, Company Commentary

1:35pm (EST) Shares of Best Buy (BBY, $27.20, down $10.37) are down 28% today after the company posted weaker-than-expected holiday sales. There have been a number of analyst upgrades on the rocket ride from a 52-week low of $13-and change to a 52-week peak north of $44 but they areRead more

January 15, 2014

Nasdaq Trips 4,200/ Bank of America (BAC) Clears $17/ Profit Alerts!!!

by mome2143 / Posted in Earnings, Momentum Stocks Weekly

1:15pm (EST) The bulls are trying to get back-to-back wins on the Dow for the first time this year as they power their way towards fresh highs overall. Today’s push is being led by Tech and the Financial stocks as better-than-expected results from Bank of America (BAC, $17.17, up $0.40)Read more

January 10, 2014

Uh Oh, Bulls Could Drop 2-in-a-Row/ Profit Alert!!!

by mome2143 / Posted in Earnings, Market Analysis, VIX, Economic News, Momentum Stocks Weekly

1:15pm (EST) The bulls needed a goldilocks Nonfarm Payrolls number this morning to break through resistance while the bears needed a number north of 200,000. Wall Street was shocked the monthly report showed Nonfarm jobs rose 74,000 versus expectations for 197,000. The unemployment rate fell to 6.7% versus a forecastRead more

January 9, 2014

Family Dollar (FDO) Misses Estimates / Alcoa (AA) on Deck

by mome2143 / Posted in Daily Update, Earnings

1:00pm (EST) We have been mentioning the start of 4Q earnings season is upon us and although the real action doesn’t start until next week, there have been some exciting plays this week. We cover possible earnings trades each and every week in our Weekly Wrap and from time-to-time someRead more

January 8, 2014

Wall Street, Apollo Education Group (APOL) has a Problem

by mome2143 / Posted in Daily Update, Earnings

1:35pm (EST) No matter how much you hate a stock or feel it is overvalued, overhyped, or that analysts just don’t get it – it is often best to sit on the sidelines as emotions can play a major role in the difference on a good trade or bad trade.Read more

January 3, 2014

Bulls Rebound but Action Fades/ New Trades!!!

by mome2143 / Posted in Earnings, Market Analysis, Momentum Stocks Weekly, Market Commentary

12:30pm (EST) We mentioned this would be a tricky week to trade the market with a midweek holiday and a rising VIX. We were on point in calling the Santa Claus rally and predicted the opening day fade yesterday while saying today could provide us some clues on where theRead more

December 20, 2013

CarMax (KMX) Slides 9% on Penny Miss/ Profit Alert!!!

by mome2143 / Posted in Momentum Stocks Weekly, Earnings

12:30pm (EST) We missed a great earnings trade today on CarMax (KMX, $48.05, down $5.00) as we failed to do a follow-up on a possible put option play. We have played earnings in the past on CarMax, usually bullish, as we called the run to new highs this year andRead more

December 18, 2013

Jabil Circuit (JBL) Sinks 20%, January Put Options Up 900%!

by mome2143 / Posted in Daily Update, Earnings

12:20pm (EST) We have been mentioning our Weekly Wrap research and our earnings section a lot lately as we have profiled a number of triple-digits winners over the past few weeks and months. As the last of the 3Q earnings cycle trickles down over the next few weeks, the focusRead more

December 16, 2013

Bulls Get a Gift

by mome2143 / Posted in Market Analysis, Economic News, Daily Update, Earnings, Futures

12:05pm (EST) It is always the darkest before dawn and when we hit the rack last night after finishing the Weekly Wrap, it appeared the bears would continue their assault on the bulls. Futures were down big-time following weak economic data out of China last night as their PMI (PurchasingRead more

December 10, 2013

Pep Boys (PBY) Plunges/ New Trade/ Profit Alert!!!

by mome2143 / Posted in Earnings, Momentum Stocks Weekly

1:25pm (EST) Futures were slightly up ahead of the open of the overseas markets but had weakened before Wall Street was ready for business. Some of the tentativeness can be blamed on the Volcker Rule that is being implemented by the zombies today. The law generally prohibits banks from dabblingRead more

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