Blue Horseshoe Stocks: Retail Earnings Plays

Retail Earnings Ideas

Two of the biggest names jumping out to us off of the earnings calendar this morning are a couple of giants in the retail space, Target and Kohls. We want to formulate some options ideas to correspond with good reports from both companies.

Target Corp. TGT – In the case of Target, the company exceeded expectations on the street for both sales and earnings, while guidance for the remainder of 2019 was promising. That’s just the type pof release we  are always looking out for, and we are going to be tracking the TGT Weekly $75-77 Calls on the heels of this report.
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Kohl’s Corp. KSS – The story is much the same for Kohls. Beats on profits, sales, and earnings sent shares flying in the premarket, so we want to be ready with an idea here as well. We’ll monitor the KSS Weekly $68.50-70.50 Calls as we head into midweek.
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SPDR S&P500 ETF (SPY) – Recap

Fresh for yesterday morning, we signaled some daily calls in the SPY, the SPY 03/04 $280.50-282 Calls, and despite a couple of those being too far out of the money to experience significant moves, we did see a nice performance from the $280.50 Calls. Those ran from ,28 up to .50, good for an intraday pop of 82%


Extended Watchlist:
LB, CIEN, RTTR, IDEX, CTRP, DCAR,

Blue Horseshoe Stocks: Reviewing Recent Winners

STOCK RECAPS

Much of our focus gets devoted to options ideas these days, as they represent the greatest chance for large short term gains for traders. However, we still scan every day for stocks, and we wanted to begin this new trading week by highlighting a few of our recent picks that have met or exceeded our expectations.

Bio-Path Holdings, Inc. BPTH – Beginning with the least recent, roughly five weeks ago on January 23rd, BPTH was a stock we tagged as a bottom-watch play. The stock essentially traded sideways for the next month, only making nominal gains. That is until the latter half of last week, when it began to heat up on Thursday, and subsequently explode on Friday, performing beautifully on the day. The stock logged the number one gain on the entire NASDAQ, as it traded up from a low of 2.65 before reaching a high of 8.84.

That works out to a mind-melting 234% single-session rise on massive volume, which is extremely uncommon for big board plays. Cheers to anyone who caught a ride on this shooting star!
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Lexicon Pharma, Inc. LXRX – Appearing in Friday morning’s report was LXRX, which certainly didn’t see the level of activity as the previously mentioned play, but still posted positive figures on the day. From a low of 5.55, the stock rose as high as 7.07, marking a comparatively small but respectable intraday increase of 27%
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China Internet Nationwide Financial Services, Inc. CIFS – Also included in Friday’s report was CIFS, which also had a reasonably strong session following our alert. The low came in at 2.30 before the stock surged into the close at its high of day of 3.25. That represents a solid intraday gain of 41% We’ll also want to see if the stock can carry some of that momentum at the close, over to this fresh trading week.


Funko, Inc. FNKO – Options Review

We also signaled our interest in the FNKO 03/15 $22.50 & 25 Calls on Friday, and we got solid performances out of those contracts. The $22.50 Calls ran from .28-.70 for a gain of 150%
while the $25 also recorded a 150% pop from .10-.25.
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Fresh Options Ideas:
SPY 03/04 $280.50-282 Calls*

*Never trade options on their day of expiration unless you are a highly experienced trader with access to disposable funds!


Extended Watchlist:
MYOK, OPHT, NK, CPST, SLS, TRHC, RKDA, MBOT, FTNW, FCEL

Blue Horseshoe Stocks: Closing Out Big Week

Arcadia Biosciences, Inc.  RKDA

We tagged RKDA for the first time since May in our extended watchlist yesterday morning, and we were met with a fantastic intraday rip. The stock traded up from a low of 6.93 and managed an intraday high of 10.40 before tapering back into the close. Daytraders could have made a pass at gains of up to 50%

That represents 8-month highs for the stock, a feat which was made possible by the company’s entry into the cannabis space. RKDA will hire a number of agricultural scientists/geneticists to develop ideal strains of hemp. It’s a story we’ll definitely want to follow.


Fresh Options Ideas

We’d like to close out this trading week by once again selecting a group of fresh options ideas to watch today.

Puma Biotech, Inc. PBYI Weekly $33.50-36 Calls*
Foot Locker, Inc. FL Weekly $65-68 Calls*
SPLK Weekly $141-144 Calls*
FNKO 03/15 $22-25 Calls

*Please do not attempt to trade weekly options on a Friday if you are not a seasoned vet trader with disposable funds.


Extended Watchlist:
FLKS, CPRI, PTLA, FOMX, FNKO, OMER, HABT, LXRX, NVCN, CIFS