One of our top activities each day is poring over the previous day’s post-market quarterly earnings reports, as well as the premarket releases from that morning, in order to find those stock most likely to produce the type of volatility we look for to make quick-strike trades.
The earnings calendar is rather busy at present, with three names jumping to the forefront on our scanner today. We’ll give a brief overview of their quarterly highlights, as well as ranges of contracts to place on watch for the remainder of the week.
International Business Machines Corp. IBM
-Beat on profit, strong outlook
Radar: Weekly $130-134 Calls
United Technologies Corp. UTX
-Earnings and revs beat, more than 70% increase in Q4 profit
Radar: Weekly $113-118 Calls
The Procter & Gamble Co. PG
-Strong sales, earnings beat, boosted guidance
Radar: Weekly $93-95.50 Calls
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