Blue Horseshoe Stocks: Earnings and Bottom Plays

Acuity Brands, inc. AYI – Options Idea

After a lackluster Q3 report, AYI took a gut punch yesterday, but began to recover before the day was through, and appears to want to continue to course-correct today.

We are going to radar the AYI 07/19 $125-130 Calls. Even if this holiday shortened week comes to a predictably quiet close and doesn’t provide a ton of activity, we’ll still have plenty of time to get results before the 19th.


comScore, Inc. SCOR 

We’ve found what appears to be a prime bottom-watch candidate in SCOR. The stock is egregiously oversold at the present time, and has managed a couple of positive sessions this week.

The volatility potential on this stock is high. It’s not unreasonable to think that it could return to the $10 level or better over a period of several weeks or perhaps even months. We’ll designate this as a longer-term recovery play.


Extended Watchlist:
TBLT, NAK, ZIOP, FCEL, SNSS, OTLK

Blue Horseshoe Stocks: Post-Earnings Options Plays

Energizer Holdings, Inc. ENR 

We’ve been seeking out prime bottom play opportunities this week, and to continue that trend, we’ve run across Energizer this morning on the heels of the stock registering a new annual low yesterday.

In conjunction with the fact that Deutsche Bank just upgraded ENR from a Hold to a Buy rating with a price target of $52/share (trading in the $37-range yesterday), along with indicators that the stock is heavily oversold, and we are confident in calling this one a prime bottom play candidate as well.


Fresh Options Plays 

We also have a pair of fresh earnings-related options ideas to pass along this morning. Post-earnings plays are typically our miost successful, and we’ve got a couple of good hunches about the following contracts as we cruise through this midweek. 

FedEx Corp. FDX -  Already in a good spot on the chart for a possible rebound leading into today’s session with a strong double-bottom setup, we’re looking to FDX options as FedEx’s Q4 results yielded a profits and earnings beat. As a result, we’re going to be tracking the FDX Weekly $157.50-60 Calls.

Micron Technology, Inc. MU - We are also looking at MU, which reported in the post-market yesterday as well, posting a beat on Q3 earnings, and bolstered guidance for sales of computer memory chips. Like the above mentioned play, MU is giving off a heavy multi-bottom signal. In this case we are interested in monitoring the MU Weekly $35-36.50 Calls.


Extended Watchlist:
AMR, SNX, VTVT, FCEL, PBF, APTX, FPAY, PES, TLGT, RIOT

Blue Horseshoe Stocks: AVGO Options Recap & More

Broadcom, Inc. AVGO – Recap

To close out the week on Friday, we took our usual approach in signaling some last-minute options ideas for possible daytrades. In this particular case, we were attracted to the AVGO Weekly $252.50-257.50 Calls, and we’re pleased to report total success on that front, with the help of an eleven-dollar swing from AVGO shares themselves.

All three of the contract sets contained within our designated range produced impressive gain opportunities on the day. The total possible profits for daytraders on each set were as follows: 

$252.50 Calls – Range: 7.95-13.65 – Max Gain: 72%
$255 Calls – Range: 6.14-11.00 – Max Gain: 95%
$257.50 Calls – Range: 2.70-8.00 – Max Gain: 196%
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FRESH OPTIONS IDEA: 

We’ll also formulate a new options idea to start off the week this morning. The market looks like it wants to turn around again today, so we’ll go ahead and slate the SPY 06/19 $289-290.50 Calls as our ones to watch.  



BOTTOM WATCHLIST:

We’ve also got a three pack of bottom plays with freshly reported earnings today. We’ll place all of the following on watch for possible rebounds this week.

Freds, Inc. FRED
FuelCell Energy, Inc. FCEL
Fang Holdings, Ltd. SFUN


Extended Watchlist:
ALTD, DLYT, XRF, BPMC, SHIP, ROX, CJ, NVUS, PES

Blue Horseshoe Stocks: LLNKF Update

LiteLink Technologies, Inc. (OTCMKTS:LLNKF)(CSE:LLT) – Update

This morning, we are taking another look back at LLNKF, a stock we provided our readers with a special report on just a few sessions ago, on Thursday.

In the following day’s report, we commented on LLNKF’s move from a low of .1157 on up to .197 (+70%), and explicitly stated: “we definitely want to be on the lookout for a possible continuation of momentum. We’ll look for this play to register higher highs and higher lows and continue this bullish uptrend.”

On Friday the stock increased its high by a slight margin, and yesterday, ramped up even further. This time, it hit a new high of .30, which marks a fantastic three-session upswing and total gain opportunity of 159% Yesterday’s performance came on the stock’s highest volume on record.

Anytime we see a stock double from our initial alert, it’s always a great idea to take risk out of the equation, by taking half of the investment off of the table. This way, we’re playing with the house’s money, and always in a position to where any further gains are pure profit. Another smart tactic is to use a mental stop-loss order at a key support level. Yesterday’s swing low of .1993 would be a good area to do just that. So for example, if the PPS drops below that key support, it might be a good idea to lock in the rest of our profits. These are just a couple tricks of the trade that we like to go by.


The TJX Companies. Inc.  TJX - Fresh Options Idea

Also catching our attention this morning is the TJX chain, with the company producing favorable Q1 figures in this morning’s release. With a solid beat on earnings, and bolstered full year guidance, things are in good shape for a potential options trade here.

We’re going to place the TJX 06/21 $52.50-55 Calls on watch to correlate with the activity that we’re observing here in the premarket.


Extended Watchlist:
FCEL, PES, MTNB, SDRL, YUMA, CLRB, ENT, BLPH

Incoming search terms:

  • OTCMKTS:LLNKF

Blue Horseshoe Stocks: Earnings-Related Options Ideas

OPTIONS REVIEW

We closed out the short week on Thursday with a pair of last minute options ideas, and both of those provided our readers and ourselves with the opportunity to take significant intraday profits.

United Rentals Inc. URI Weekly $134-136 Calls
$134 Calls – Range:
1.65-4.20  – Max Gain: 155%
$135 Calls – Range: .91-3.50 – Max Gain: 285%
$136 Calls – Range:
.85-2.73  – Max Gain: 221%

Union Pacific Corp. UNP Weekly $172.50 & 175 Calls
$172.50 Calls – Range: 2.61-5.07  – Max Gain: 94%
$175 Calls – Range: .84-2.95 – Max Gain: 251%

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EARNINGS RELATED OPTIONS IDEAS
Halliburton Co. HAL Weekly $31.50-32.50 Calls
Kimberly Clark Corp. KMB Weekly $125-128 Calls


Moleculin Biotech, Inc. MBRX – Recap

We highlighted this play at the end of last month, and shortly thereafter we would observe a low of .7772. Last week, MBRX reached a new high of 1.47, which translates to a gain of 89% in roughly three weeks’ time.

The move, which filled the entirety of the topside gap on the chart, was due to Thursday’s revelation that the company’s drug Annamycin had received the FDA’s Approval for fast-track designation. At 4:30PM on Wednesday, MBRX officials will conduct a call to discuss this and other developments on a live webcast, which will be available in the Investor Relations section at www.moleculin.com.


Extended Watchlist:
NBRV, TLGT, FCEL, UXIN, TENX, COMM, KEG, CEI,