Posts Tagged ‘Smith and Wesson’

Smith & Wesson Guidance Triggers Bullish Action In Stock, Options

Option activity on Smith & Wesson Holding Corp. suggests some traders may have pulled the trigger on bullish positions on the firearms maker today. SWHC shares are soaring, up nearly 15% at $14.93 as of the time of this writing, after the company updated guidance for the fourth quarter and full fiscal 2015 year (ending April 30, 2015), stating that orders through the fiscal fourth quarter were stronger than previously expected. The company upped its guidance for the quarter, pushing shares in the name to the highest level since June 2014 and sparking heavier than usual options activity. With little more than 60 minutes remaining in the trading session, traders have pushed options volume on SWHC to more than 5,600 contracts as compared to the stock’s average daily options volume of around 400 contracts. The bulk of the activity is in call options, notably the May 15.0 strike contracts. Roughly 2,500 of the 15.0 strike calls have changed hands against zero open interest. Most of the volume appears to have been purchased at a premium of $0.45 each. Buyers of these options stand ready to profit at May expiration in the event that SWHC shares continue to rally, specifically if the stock tops an average breakeven price of $15.45. Smith & Wesson fourth-quarter earnings are estimated for release in the back-half of June.

Chart – SWHC 15.0 strike options most active, specifically May expiry calls


Tags: , ,




Buy pick: RGR

There’s a bull market in some things, and David has found one of them.

David’s Buy pick: RGR

Courtesy of The Oxen Group

Chart for RGRNote from David:  The buy pick is made every evening at Midnight before the next day begins. The pick is for a single day-trade of a stock or ETF. The Oxen Group provides analysis, entry/exit points, resistance levels,… Picks are only single day trades.

The Oxen Group, for Friday, is hoping the market may be able to extend some gains. One thing is for sure that tomorrow will tell us a lot. With absolutely no major economic data to be released, we will see where this market is headed. Futures are up currently on some nice earnings in after hours, as well as, a bullish day from our friends across the Pacific Pond.

One company that really shined on Thursday evening was Smith and Wesson. The company gave a revenue outlook that was very bullish as they said their quarterly revenue rose 20% above last year’s numberss. The stock jumped 14% in after hours. Further, they said their backlog is now over $200 million. The real kicker was that they said their demand is up, and they have not seen demand like this in a long time. Whether its the recession or something else, citizens seem to really want to exercise their right to bear arms.

Another company that could benefit from this news is arms producer, Sturm, Ruger and Company (RGR). The company got a minor 7% pump up in after hours on the news from SWHC, and the company should continue that positive trend tomorrow as news will make the market. We don’t like SWHC because it will pop up too high to make a large move, but Sturm should have a better ability to gap up less and move up higher on the bullish news. Technically, this news is perfectly timed, as well. The stock is at exactly a flat zone. It is really neither overbought or oversold. It is not overvalued or undervalued as well. The news should give a lot of buyers reason to jump in tomorrow.

Entry: First 10 – 25 minutes of session.

Exit 2-4% increase from buyin price.

Resistance: 12.50

 


Tags: , , , ,




 
 
 

Zero Hedge

China 2018 GDP Growth Slows To Weakest In 28 Years

Courtesy of ZeroHedge. View original post here.

Update: Not wanting to bury the lead, here is some context for the mixed bag tonight from China. China's annual GDP growth in 2018 was +6.6% - that is the weakest annual GDP growth since 1990...

*  *  *

After downbeat headlines over US-China trade talks, and following ...



more from Tyler

Phil's Favorites

Bogle's Big Mistake

 

Bogle’s Big Mistake

Courtesy of 

The world lost a legend this week. Jack Bogle had a greater impact on the average investor than anyone who ever lived.

Bogle, however, was not an overnight sensation. The index fund, which he is best known for, wasn’t created until his fifth decade on the planet.

I wanted to share the challenges he overcame on his way to cementing a place on the Mount Rushmore of finance with this chapter from my book, Big Mistakes: The Best Investors and ...



more from Ilene

ValueWalk

#1 Performing Global Macro Hedge Fund Sees More Shorts Opportunities Ahead As China Bursts

By Jacob Wolinsky. Originally published at ValueWalk.

Crescat Global Macro Fund update to investors on 1/19/2019

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on ...



more from ValueWalk

Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



more from Kimble C.S.

Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



more from Bitcoin

Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

http://www.insidercow.com/ more from Insider

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



more from Chart School

Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



more from Our Members

Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

more from Biotech

Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



more from M.T.M.

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 ...



more from OpTrader

Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




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.

Market Shadows >>