We issued an alert early this morning for LP puts, the body of it is below.In that alert we had said buy up to $2.95, but LB opened down this morning, and we’re adjusting that to $3.50 or lower.So our revised recommendation: Buy to open the January 20, 2017 puts on… Read More
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Buy to open the January 20, 2017 puts on L Brands (LB) with a strike price of $68.5 at $2.95 or lower. Symbol (LB170120P68.5)The puts should be purchased before the company reports earnings after the close Wednesday Nov. 16. I expect management to give subdued guidance for the critical holiday… Read More
The market is behaving oddly calm after a presidential upset that nary a pollster had predicted. In a perverse way, the fact that Trump has shared few details regarding his economic plans gives the market more time to digest the election surprise. Unlike most newly elected presidents, it appears that… Read More
Sell to close the December 16, 2016 call on Acuity Brands (NYSE: AYI) with a strike price of $240 at $4.50 or higher. (Symbol AYI161216C240)These Acuity calls are up 100% in the ten days since our October 31 recommendation. The stock bounced partly due to… Read More
Sell to close the January 20, 2017 call on The Chemours Company (NYSE: CC) with a strike price of $17.5 at $2.50 or higher Symbol (CC170120C17.5)I had planned on holding this call longer but our prediction of positive news regarding the company’s climate friendly cooling chemicals was better than expected. Read More
Jump on board Ambarella (NSDQ: AMBA ) with software-on-a-chip (SoC) that powers the high definition cameras used in some of the drones and virtual reality products hitting the shelves this holiday season.Target: $75.Ambarella’s earnings took a hit this year due to a decline in revenue from a large customer and… Read More
Buy to open the January 20, 2017 call on The Chemours Company (NYSE: CC) with a strike price of $17.5 at $1.45 or lower. Symbol (CC170120C17.5)The calls should be purchased before the company reports earnings the morning of November 7 when I expect management to give bullish updates on demand… Read More
Acuity Brands (NYSE: AYI) is down 10% since supplier Cree announced a dreadful number on Oct. 18. Cree and Acuity’s stocks often trade in tandem which makes little sense. Although both are involved in the LED lighting industry, Cree is primarily a supplier to Acuity, not a competitor. So when… Read More
Buy to open the December 16, 2016 call on Acuity Brands (NYSE: AYI) with a strike price of $240 at $2.80 or lower. (Symbol AYI161216C240)Acuity Brands is a provider of lighting and heating solutions and is a pure play on the explosive demand for intelligent building maintenance solutions. I added… Read More