Profit Catalyst Alert had ELEVEN companies report earnings. I’ve covered all of them here in this week’s update and didn't want to short-change any of the names as many reported great quarters with robust outlooks. Read More
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Sell to close the July 21, 2017 put on Spectrum Brands (SPB) with a strike price of $130 at $4.55 or higher (Symbol: SPB170721P130) for a 42% gain in less than one month. These options have not traded today but the stock is falling fast so… Read More
Fasten your seatbelt it’s going to be a busy week. We are right in the heart of earnings season. While all of our positions are dependent on good results, many of our option positions are timed on news coming out of this first quarter cycle. Read More
Mueller is down 8% after earnings and a conference call this morning. I believe the weakness is due to weak guidance for its traditional water products. Despite a hiccup in its basic products, the company is booking big gains in its technology division. Revenue from Mueller Co- the company’s division… Read More
When I recommended building supplier Gypsum Supply & Management (NYSE: GMS) last September, the stock was trading at just 10 times 2017 estimates. It has since roared up 66% without a big bump to estimates. I still like the stock but think its current price reflects potential earnings. Read More
Earnings season for the Profit Catalyst Portfolio officially kicks off this week with earnings from recent portfolio addition Mueller Water (NYSE: MWA) this Thursday. I issued a sell alert this morning on the MWA May $12.50 calls. The stock was trading above… Read More
Sell to close the May 19, 2017 call on Mueller Water (MWA) with a strike price of $12.50 at $0.40 or higher. Symbol (MWA170519C12.5) Mueller is gushing higher with the market today. While I expect good news when the company reports earnings this Thursday (after market close with a call… Read More
Buy Mueller Water (NYSE: MWA) Target: $18 Buy Up To: $13 Option Play: Subscribers wishing to buy options instead can: Buy to open the May 19, 2017 call on Mueller Water (MWA) with a strike price of $12.50 at $0.22 or lower. Symbol (MWA170519C12.5) Dirty water is a… Read More
The abbreviated week for the stock market was a quiet one. Volume was thin as some traders took advantage of the long-awaited East Coast spring, which happily coincided with the market close on Friday. Public companies, well into their quiet periods, restrained from issuing press releases or speaking with investors. Read More