Author Archive for Insider Scoop

Piper Jaffray Raises Funko Price Target, Projects ‘Strong Commercial Opportunities’

Courtesy of Benzinga.

Piper Jaffray Raises Funko Price Target, Projects 'Strong Commercial Opportunities'

Pop culture collectibles brand Funko Inc (NASDAQ: FNKO)’s brand licensing and more prominent retail placement is positioning the toy company for upside, according to Piper Jaffray. 

The Analyst

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating on Funko and raised the price target from $13 to $18. 

The Thesis

Funko announced a partnership last week with Pokémon; its Pop! Pikachu products are already set in motion for sale at Target Corp (NYSE: TGT) stores this summer, Murphy said in a Wednesday note. (See the analyst’s track record here.)

Pokémon is the second best-selling video game franchise of all time, and “Forntnite” is the top-grossing iOS game in the Apple Inc. (NASDAQ: AAPL) App Store, as well as Xbox’s No. 1-played game.

The combination of a classic game with a new global phenomenon will likely attract an array of demographics, according to Piper Jaffray. 

“Importantly, the audience for both licenses is broad in nature, with Activision Blizzard, Inc. (NASDAQ: ATVI) noting Fortnite ‘is attracting new players of all ages and gender and it is helping gaming become even more mainstream entertainment,’” Murphy said. “We see strong commercial opportunities with limited cannibalization impact and believe these wins showcase FNKO’s ability to quickly market/monetize in-demand pop culture.” 

Shelf-space expansion at retailer Walmart, Inc. (NYSE: WMT) is also a key catalyst, Murphy said. 

Walmart plans to double its shelf space for Funko products this fall. Funko products will be available in entertainment aisle in addition to the toy section. 

The launch of Funko’s cereal FunkO’s, sold at speciality stores like Hot Topic, may lead to cereal brand partnerships over time, Murphy said. 

Price Action

Funko shares were rallying 6.25 percent to $17.34 at the time of publication Thursday. 

Related Articles:

2 Giants Join Forces: Funko Announces Partnership With Epic Games

Party City Pop-Up Toy Stores Could Help Toymakers Stung By Toys ‘R’ Us Closures

Photo courtesy of Funko. 

Latest Ratings


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10 Biggest Price Target Changes For Wednesday

Courtesy of Benzinga.

  • RBC Capital raised the price target on CF Industries Holdings, Inc. (NYSE: CF) from $38 to $42. CF Industries shares closed at $42.73 on Tuesday.
  • Wedbush raised Tractor Supply Company (NASDAQ: TSCO) price target from $65 to $77. Tractor Supply shares closed at $78.92 on Tuesday.
  • Wells Fargo lowered the price target for Visteon Corporation (NASDAQ: VC) from $146 to $137. Visteon shares closed at $131.71 on Tuesday.
  • Oppenheimer raised SAP SE (NYSE: SAP) price target from $125 to $130. SAP shares closed at $121.64 on Tuesday.
  • RBC Capital boosted CSX Corporation (NASDAQ: CSX) price target from $71 to $75. CSX shares closed at $64.44 on Tuesday.
  • Wells Fargo cut the price target for Autoliv, Inc. (NYSE: ALV) from $176 to $115. Autoliv shares closed at $106.88 on Tuesday.
  • Barclays cut the price target for ManpowerGroup Inc. (NYSE: MAN) from $115 to $90. ManpowerGroup shares closed at $86.21 on Tuesday.
  • Keefe Bruyette & Woods lowered the price target for Goldman Sachs Group, Inc. (NYSE: GS) from $260 to $255. Goldman Sachs shares closed at $231.02 on Tuesday.
  • Citigroup boosted the price target on Intercontinental Exchange, Inc. (NYSE: ICE) from $76 to $80. Intercontinental Exchange shares closed at $75.61 on Tuesday.
  • UBS cut the price target for First Horizon National Corporation (NYSE: FHN) from $23 to $19. First Horizon shares closed at $17.18 on Tuesday.

Posted-In: Price Target ChangesPrice Target Intraday Update Analyst Ratings





Columbia Sportswear Downgraded Ahead Of Q2 Print

Courtesy of Benzinga.

Columbia Sportswear Company (NASDAQ: COLM) continues to boast a strong brand portfolio but after strong gains in the stock over the past year the valuation is now “stretched.”

The Analyst

B. Riley FBR’s Susan Anderson downgraded Columbia Sportswear from Buy to Neutral but with a price target lifted from $81 to $84.

The Thesis

Columbia Sportswear’s stock is now trading at 24.6 times next year’s earnings, which represents a premium to the five-year average of 20.8 times next year’s earnings, Anderson said in a note. Despite a downgrade, the company’s best-in-class brands and management’s strong execution remain unchanged.

What To Expect From Q2

Columbia Sportswear is scheduled to report its second-quarter results on July 26. Anderson expects the following:

  • EPS loss of 12 cents per share.
  • Net sales growth of 11 percent, gross margin expansion of 110 basis points and SG&A de-leverage of -80 basis points.
  • Recent checks suggests an improvement in promotional level of sporting goods and flat promotional activity year-over-year in the direct channel.
  • Inventory levels to benefit from a prolonged cold weather streak in the first quarter.Improvements in supply chain systems helped manage inventory and boost gross margins.
  • Confirmation the international business remains strong in Europe and China and continues to improve in South Korea and Russia.

Price Action

Shares of Columbia Sportswear were trading around $93.25 Wednesday afternoon.

Related Links:

Columbia Sportswear’s Stock Trading At ‘Balanced’ Valuation, Analyst Says

This Small Olympic Outfitter Outperformed Nike And Under Armour

Posted-In: Apparel B Riley FBR Susan Anderson weatherAnalyst Color Downgrades Price Target Analyst Ratings





Bank Of Montreal Will Outperform Peers, RBC Capital Markets Says In Upgrade

Courtesy of Benzinga.

Bank Of Montreal Will Outperform Peers, RBC Capital Markets Says In Upgrade

Bank of Montreal (USA) (NYSE: BMO) notched a sell-side upgrade Wednesday, ahead of its July 30 earnings report.

The Analyst

RBC Capital Markets’ Darko Mihelic upgraded Bank of Montreal from Sector Perform to Outperform and increased the Canadian dollar-denominated price target from the U.S. dollar equivalent of $91.06 to $94.09.  

The Thesis

Mihelic said he expects Bank of Montreal to post solid earnings growth relative to peers in 2019 and 2020. (See the analyst’s track record here.) 

The analyst forecast EPS growth of 8.2 percent in 2019 and 5.1 percent in 2020 versus a peer average of 4.1 percent and 4.5 percent, respectively. Good revenue growth and cost control will be partially offset by higher provisions for credit losses, Mihelic said. 

RBC projects slower net interest income growth for Canadian banks due to the environment of slower GDP growth and rising interest rates in Canada. Mihelic said he sees less risk for Bank Of Montreal, as it has relatively lower exposure to Canadian personal and commercial banking than peers. 

The bank stock has room for improvement in valuation, as it trades at 11.4 times forward earnings versus a historical 12.6 times forward earnings. 

The Price Action

Bank of Montreal shares were up 0.48 percent at the time of publication Wednesday at $78.93. 

Related Links:

Benzinga’s Top Upgrades, Downgrades For July 18, 2018

Fed Stress Test Shows Wells Fargo’s Main Overhang Is Gone, Morgan Stanley Says In Upgrade

Public domain photo via Wikimedia. 

Latest Ratings for BMO

Date Firm Action From To
Jul 2018 RBC Capital Upgrades Sector Perform Outperform
Feb 2018 Macquarie Upgrades Neutral Outperform
May 2017 Barclays Upgrades Underweight Equal-Weight

View More Analyst Ratings for BMO


View the Latest Analyst Ratings

Posted-In: Darko Mihelic RBC Capital MarketsAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga





40 Biggest Movers From Yesterday

Courtesy of Benzinga.

Gainers

  • Coda Octopus Group, Inc. (NASDAQ: CODA) gained 64.44 percent to close at $6.15 on Monday after the company disclosed a Navy Cooperative Research and Development agreement with Naval Surface Warfare Center, Panama City Division for naval real-time 3D imaging head up display diver solution.
  • Genetic Technologies Limited (NASDAQ: GENE) rose 35.78 percent to close at $1.48 on Monday after the molecular diagnostics company that incorporates blockchain technologies said its new breast cancer and colorectal cancer risk assessment tests are on track for release in October. The company also said it expects to have multiple tests available over the next 12 months.
  • Ambow Education Holding Ltd. (NYSE: AMBO) rose 23.06 percent to close at $7.47.
  • Avalon Holdings Corporation (NYSE: AWX) gained 11.78 percent to close at $2.49 on Monday.
  • Arconic Inc. (NYSE: ARNC) shares climbed 10.47 percent to close at $19.20 in reaction to a new multiyear supply contract with Boeing Co (NYSE: BA). As part of the new agreement, Arconic will supply aluminum sheet and plate for all of Boeing’s commercial airplanes.
  • GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) gained 9.25 percent to close at $6.38.
  • Neuronetics, Inc. (NASDAQ: STIM) rose 9.2 percent to close at $27.29.
  • Autolus Therapeutics Plc (NASDAQ: AUTL) gained 9.06 percent to close at $22.75 on Monday.
  • SITO Mobile, Ltd. (NASDAQ: SITO) surged 8.88 percent to close at $2.33.
  • ZTO Express (Cayman) Inc. (NYSE: ZTO) gained 8.83 percent to close at $22.43.
  • iQIYI, Inc. (NASDAQ: IQ) climbed 8.78 percent to close at $36.93 on Monday.
  • Attis Industries, Inc. (NASDAQ: ATIS) climbed 8.44 percent to close at $0.412499 on news that the company has executed letter of intent to purchase 32-Acre property in Barnesville, GA.
  • SecureWorks Corp. (NASDAQ: SCWX) gained 8.42 percent to close at $13.65.
  • Deutsche Bank Aktiengesellschaft (NYSE: DB) shares rose 8.01 percent to close at $12.14. Deutsche Bank issued strong profit forecast for the second quarter.
  • NovoCure Limited (NASDAQ: NVCR) rose 7.4 percent to close at $35.55. Evercore ISI Group initiated coverage on NovoCure with an Outperform rating.
  • EDAP TMS S.A. (NASDAQ: EDAP) gained 7.38 percent to


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David Solomon To Succeed Lloyd Blankfein As Goldman Sachs CEO On Oct. 1

Courtesy of Benzinga.

David Solomon To Succeed Lloyd Blankfein As Goldman Sachs CEO On Oct. 1

Goldman Sachs Group Inc (NYSE: GS) confirmed Tuesday it has appointed President and co-COO David Solomon to succeed Lloyd Blankfein as CEO and chairman of the board.

The transition had been expected since Solomon first seized sole company presidency in March, but a formal announcement hadn’t been anticipated until the fall.

Who Are These Guys?

Blankfein has topped Goldman Sachs since 2006 and led the firm to record earnings. Just ahead of his retirement announcement, he posted a 30.6-percent bottom-line beat and 8.9-percent top-line beat.

However, he expressed confidence in the company’s prospects under Solomon.

“David is the right person to lead Goldman Sachs,” Blankfein said in the press release. “He has demonstrated a proven ability to build and grow businesses, identified creative ways to enhance our culture and has put clients at the center of our strategy. Through the talent of our people and the quality of our client franchise, Goldman Sachs is poised to realize the next stage of growth.”

Solomon will be charged with reviving a struggling securities trading unit and overseeing a three-year plan introduced last year to boost the bank’s revenue by $5 billion.

Solomon’s Background

His experience includes a decade as global co-head of Goldman’s investment banking division, an early Goldman partnership and management at Bear Stearns. Solomon has led the firm’s technological revolution, restructured sales and expanded the young consumer bank division.

He will rise after years of internal preparation.

“The Board has been engaged in a multi-year succession process, and we are confident that David will build off the firm’s strong financial, risk management and franchise position,” Adebayo Ogunlesi, lead director of the board, said in the announcement. “His drive, focus on our clients and effective management skills will be critical strengths as he charts the firm’s strategy in the years to come.”

What’s Next?

Blankfein will step down as CEO Sept. 30 and retain his leadership on the board


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Roku Customer Acceleration Turns KeyBanc Incrementally Bullish

Courtesy of Benzinga.

Roku Customer Acceleration Turns KeyBanc Incrementally Bullish

Accelerating customer growth and strength could drive additional upside for Roku Inc (NASDAQ: ROKU), according to KeyBanc Capital Markets. 

The Analyst

KeyBanc’s Evan Wingren maintained an Overweight rating on Roku and raised the firm’s price target on the stock from $44 to $54.

The Thesis

Customer acceleration is likely in the second quarter, as growth has continued to rise even further since mid-quarter and could drive confidence in Roku’s ability to exceed consensus expectations, Wingren said in a Monday note. (See the analyst’s track record here.) 

“We expect more active accounts to drive higher platform revenue and gross profits,” the analyst said. 

Search volume has increased 18 percent year-over-year, which could act as a good indicator of consumer interest in Roku, Wingren said. 

Roku’s ad-supported video-on-demand channel is seeing momentum and likely gaining adoption, which could be attributed to recent content additions, in KeyBanc’s view. 

“Growth in The Roku Channel could accelerate ad inventory and drive gross profits above our expectations,” Wingren said. 

Price Action

Roku shares were rallying 5.68 percent to $51 at the time of publication Tuesday. 

Related Articles: 

What Alexa On Amazon’s Fire TV Menas For Netflix, Roku, Spotify, Comcast

Morgan Stanley Turns Neutral On Roku After Ctock’s 25% Year-To-Date Decline

Photo courtesy of Roku. 

Latest Ratings for ROKU

Date Firm Action From To
Jul 2018 KeyBanc Maintains Overweight Overweight
Jul 2018 Oppenheimer Upgrades Perform Outperform
Jun 2018 Macquarie Initiates Coverage On Outperform

View More Analyst Ratings for ROKU


View the Latest Analyst Ratings

Posted-In: Evan Wingren KeyBanc Capital Markets Streaming TV streaming videoAnalyst Color Price Target Reiteration Analyst Ratings Best of Benzinga





‘Convergence’ Is Key: Credit Suisse Weighs In On The Telecom And Media Sector

Courtesy of Benzinga.

'Convergence' Is Key: Credit Suisse Weighs In On The Telecom And Media Sector

Credit Suisse analyst Douglas Mitchelson on July 11 initiated coverage on a slew of telecom and media stocks A theme central to all of the ratings was “convergence” between the two sectors — which companies are well-positioned and how are they going about it.

Benzinga broke down the highlights.

Telecom: Wireless

  • AT&T Inc. (NYSE: T) initiated at Underperform, price target $29.
  • Verizon Communications Inc. (NYSE: VZ) initiated at Outperform, price target $58.

“AT&T has become the first Communications company to bring ‘Convergence’ in-house, owning leading businesses in connectivity, pay TV and media,” said Mitchelson in a note. But the analyst sees challenges ahead for the company.

The scaling and distribution risks faced by the company will be challenging and likely bring margins down for the foreseeable future, especially as 5G buildouts continue. AT&T’s balance sheet has already been levered to pursue inorganic growth and maintain its dividend, suggesting little room to use capital to improve low returns.

Both AT&T and Verizon will benefit from recent stabilization in the wireless space, but the latter appears better positioned to gain. Verizon’s early investments in 5G have proves less expensive than expected and should, at a minimum, not be a share loss event.

“Interestingly, Verizon having remained focused on its core wireless business now meaningfully differentiates it from AT&T as an investment vehicle,” said Mitchelson, noting that incoming-CEO Hans Vestberg is less likely to following AT&A’s footsteps in pursuing media M&A.

Telecom: Cable & Satellite

  • Altice USA Inc (NYSE: ATUS) initiated at Outperform, $21 price target.
  • Charter Communications Inc (NASDAQ: CHTR) initiated at Neutral, $294 price target.
  • Comcast Corporation


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2 Aluminum Stocks To Buy, According To Jefferies

Courtesy of Benzinga.

2 Aluminum Stocks To Buy, According To Jefferies

Despite potential risks from a trade war, Arconic Inc (NYSE: ARNC) and Constellium NV (NYSE: CSTM) boast favorable risk-reward profiles, according to Jefferies.

The Analyst

Jefferies’ Martin Englert initiated coverage of Arconic with a Buy rating and $23 price target and Constellium with a Buy rating and $14 price target. On the other hand, the analyst initiated coverage of Kaiser Aluminum Corp. (NASDAQ: KALU)  with a Hold rating and $122 price target.

The Thesis

Companies like Arconic and Constellium are positioned to take advantage of the recovery in aerospace and increased utilization of aluminum in autos, Englert said a note.

In Arconic’s case, the stock’s “depressed” valuation gives the company a good opportunity to allocate its $500 million towards its stock buyback and recent interest from private equity firms adds to the stock’s attractiveness. Looking forward to 2019, the company should see aluminum inflationary headwinds subside as costs are passed through and create an earnings tailwind.

Constellium’s exposure to the auto sector makes the stock attractive, the analyst said. Specifically, management’s positioned the company to grow its high-value auto body sheet capability. This should turn free cash flow positive and help deleverage the balance sheet.

Kaiser Aluminum boasts some of the best financial metrics in the space, including a net debt-to-capital of 13 percent and the highest EBITDA to FCF conversion. At the same time, the conservative capital structure and share repurchase program implies the stock is “most defensive” relative to peers.

Price Action

Shares of Arconic were trading higher by more than 10 percent while Constellium were higher by 2.7 percent. Shares of Kaiser Aluminum were trading lower by 1.2 percent.

Related Links:

Argus Turns Neutral On Arconic Amid ‘Challenging Outlook’

Deutsche Bank


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Monro Muffler Has ‘Promising’ Unit Growth Potential, Goldman Sachs Says In Upgrade

Courtesy of Benzinga.

Monro Muffler Has 'Promising' Unit Growth Potential, Goldman Sachs Says In Upgrade

Goldman Sachs  sees substantial growth potential in Monro Inc (NASDAQ: MNRO) and a chance to recapture same-store sales momentum.

The Analyst

Matthew Fassler of Goldman Sachs upgraded Monro from Neutral to Buy and raised the stock’s 12-month price target from $59 to $71.

The Thesis

Driven by a new senior management team and favorable automotive demographics, Monro has a “promising” unit growth story and a chance to regain its same-store sales momentum over the next three years, Fassler said in a Friday note. (See the analyst’s track record here.) 

75 percent of Monro’s stores are in just 10 states, giving the firm a substantial growth opportunity, the analyst said. 

Competition is fragmented, with independent competitors facing headwind, he said. As the most prominent public company in its space, Monro has visibility and access to capital, Fassler said. 

Even with its fundamentals poised to improve, Monro’s valuation is still well within its historical band, according to Goldman Sachs. 

“If the company re-establishes a more consistent same-store growth algorithm — as we now model — we would expect its recent re-rating to hold, and for the stock to appreciate at a slightly faster rate than anticipated EPS growth,” Fassler said. 

Price Action

Monro shares were trading up 6.88 percent to $65.68 at the time of publication Friday.

Related Links:

Benzinga’s Top Upgrades, Downgrades For July 13, 2018

Sears, Amazon Partner Up For Tire Delivery And Installations

Photo by Ildar Sagdejev/Wikimedia. 

Latest Ratings for MNRO

Date Firm Action From To
Jul 2018 Goldman Sachs Upgrades Neutral Buy
Apr 2018 Guggenheim Initiates Coverage On Buy
Mar 2018 SunTrust Robinson Humphrey Initiates Coverage On Hold

View More Analyst Ratings for MNRO


View the Latest Analyst Ratings

Posted-In: Goldman Sachs Matthew FasslerAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga





 
 
 

Phil's Favorites

What Hollywood gets right and wrong about hacking

 

What Hollywood gets right and wrong about hacking

Gone phishin’. www.shutterstock.com

Courtesy of Catherine Flick, De Montfort University

Spoiler warnings for Mr. Robot, Arrow and Blackhat

Technology is everywhere we look, so it’s no surprise that the films and TV we enjoy are similarly obsessed. That’s not to say they manage to get it right when it comes to portraying tech accurately however – and one of their worst areas is computer hacking.

I’ve...



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Zero Hedge

Morgan Stanley: "It's Not Your Imagination, Large Moves Are Becoming More Common In The Market"

Courtesy of ZeroHedge. View original post here.

Exactly two months ago, Goldman joined the relatively small group of voices warning that the next big market "event" (politically correct way of saying crash) could be one resulting not from excess leverage but lack of liquidity, driven by "phantom liquidity" provided by HFTs and algo traders which tend to withdraw during times of market stress, as well as central banks which have soaked up a subst...



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Chart School

Gann Angles on Dow and Gold

Courtesy of Read the Ticker.

Gann Angles measure price moves relative to time.

The Dow is moving up the red Gann 1x1 line, so far the recent trend challenge has been over come. As price is near upper green dotted channel Gann angle from Oct 2007 price is now over bought. We can also see the very obvious Elliot 5 wave count from March 2009 lows, and a new Dow high would complete the 5 waves up.

The red line indicator below the Dow price chart is readtheticker.com RTT Flow Index.


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Gold (GLD) could not get over $130, so a reaction back to minor support at $115 was to be expected.  Support should be found here, an...

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Members' Corner

There Are 3 Main Theories That Explain Trump's Approach to Putin and Russia-Which One Makes the Most Sense?

Theory Time - What do you think?

Thom Hartmann suggests that the "Manchurian Candidate theory" is the least likely explanation for Trump's pro-Russia behavior in "There Are 3 Main Theories That Explain Trump’s Approach to Putin and Russia—Which One Makes the Most Sense?" (below).  disagrees and suggests that Putin probably has "the goods" on Trump in "Trump’s Plot Against America". (To be fair, Hartmann acknowledges that his three theories are not mutually exclusive.) Jonathan Chait argues ...



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Insider Scoop

BofA Points To Yum China's Earnings Downside Risk In Downgrade

Courtesy of Benzinga.

Related 31 Stocks Moving In Friday's Mid-Day Session Benzinga's Top Upgrades, Downgrades For July 20, 2018 ...

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Digital Currencies

Citadel CEO Says Bitcoin Still A "Head Scratcher" But Billionaire Lasry Sees $40,000 Soon

Courtesy of ZeroHedge. View original post here.

Ken Griffin, the CEO and founder of the Citadel hedge fund, has reiterated his negative stance on Bitcoin (BTC) in an interview with CNBC this morning.

Speaking at the Delivering Alpha Conference in New York, ...



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Biotech

How summer and diet damage your DNA, and what you can do

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

How summer and diet damage your DNA, and what you can do

Bright sun and fatty foods are a bad recipe for your DNA. By Tish1/shutterstock.com

Courtesy of Adam Barsouk, University of Pittsburgh

Today, your body will accumulate quadrillions of new injuries in your DNA. The constant onslaught of many forms of damage, some of which permanently...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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