Posts Tagged ‘Sonic’

Sonic Corp. Calls Active As Shares Hit Highest Since ’07

Shares in Sonic Corp. jumped 12% to $23.51, the highest level since December of 2007, on Tuesday morning after the drive-in restaurants chain reported second-quarter earnings that topped the average of analyst estimates by one penny. Options volume on the stock is above average levels, with around 1,500 contracts in play thus far in the session versus average daily options volume on Sonic of around 620 contracts. Trading in Sonic calls is outpacing that in puts, with the call/put ratio hovering near 2.8 as of 11:20 a.m. ET.

Trades initiated in Sonic options on Monday prior to the company’s Q2 earnings release suggests some trader may be able to sink their teeth into overnight profits. The largest rise in open interest across currently available SONC options series was in the 17Apr’14 22.5 strike calls, with the level of open interest ticking up by 580 contracts overnight. A review of time and sales data indicates most of those calls were likely purchased on Monday for an average premium of $0.35 each. The sharp rally in the price of the underlying to fresh multi-year highs pushed premium on the 22.5 calls up to as high as $1.35 each during the first half of the session today. The last traded price on the contracts stands at $1.00 with the stock off session highs as of 11:30 a.m. ET.


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Buy Pick: SONC

Courtesy of David at The Oxen Group

Today’s Buy Pick: SONC

Sonic Chart,SONCTomorrow [now today], Sonic Corp. (SONC) looks to be a very bullish for tomorrow. In after hours, Sonic reported very positive earnings, beating expectations on revenue and EPS. The reason we like Sonic is because the company should be able to move up significantly. First, the market looks pretty positive for tomorrow. The Fed’s expected announcements should be extremely positive for the market as they should confirm rates and give bullish news on the economy.

Futures are already up strongly for the Dow and S&P as they expect good news from the Fed. Even if the Fed news is not extremely bullish, the market should move SONC up higher before the announcement, which should come sometime in the early afternoon. Sonic’s earnings beat EPS by 0.04, even though the company did see a dip in profits and sales. However, the company was highly criticized for their pricing in the last quarter and introduced a cheaper menu to draw in customers. Typically, when a company reports strong earnings, The Oxen Group does not like to recommend it because the stock will move down from a gap up. However, with Sonic, the stock has a low volume, which means that the stock should be flooded with more investors, making it easier for the rise.

Further, Sonic has strong technical indicators that should also help the stock move up. It is slightly oversold, undervalued, and towards its lower bollinger band – it has a lot to room move up. After the stock gaps up, and moves down, with a bullish market, Sonic earnings should continue to advance the stock.

Entry: Recommended entering 10-25 minutes
Exit: 2-4% increase
Resistance: Upper resistance 9.50

Table of David’s Results

Date   Stock Entry Exit


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Zero Hedge

No, Robots Cannot Replace Us

Courtesy of ZeroHedge. View original post here.

Authored by Per Bylund via The Mises Institute,

Automation seems to be a never-ending source of fear-mongering. Judging from the commentary, robots will “replace us” and cause large-scale unemployment. With the entry of artificial intelligence (AI), and robots that make robots, the value of human beings as productive forces in the economy is simply zero. People then become value-less consumers, only “mouths to feed” while production is carried out by machines.

...



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Breakout

 

Breakout

Courtesy of 

There’s a new kid on the block. Innovator’s IBD® Breakout Opportunities ETF, ticker BOUT.

The goal of this fund is to identify stocks before they break out. Basically, they’re delivering on a style of technical analysis via machine, which I find intriguing.

When I was trading stocks, I would often buy on the breakout and then sell on the retest. Over and over I would let my emotions get the best of me. Needless to say, it was not a profitable strategy.

Theoretically, an algorithm will eliminate some of these biases that all traders have to overcome. Below is ...



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ValueWalk

Ray Dalio On The Basics Of Debt Crises

By Sweeny Kumar. Originally published at ValueWalk.

The 2008 financial crisis resulted in enormous failures for both individual and institutional investors. There were not many investors who were able to navigate through the crisis calmly and without great losses. Those who did knew the fundamental basics about how debt crises work.

Q2 hedge fund letters, conference, scoops etc

Therefore, learning how to maneuver future debt crises is extremely critical for all investors, no matter how b...



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Kimble Charting Solutions

Connect Series Webinar September 2018

Courtesy of Chris Kimble.

We cover dominating patterns in major global Indices, sectors, commodities and the metals markets.  We produce chart pattern analysis and empower people to improve entry and exit points.

To become a member of Kimble Charting Solutions, click here.

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Insider Scoop

Discovery Communications' 20% Gain Difficult To Justify, Pivotal Says In Downgrade

Courtesy of Benzinga.

Related DISCA Benzinga's Top Upgrades, Downgrades For September 18, 2018 A Peek Into The Markets: US Stock Futur...

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Members' Corner

Nike, Colin Kaepernick and the pitfalls of 'woke' corporate branding

 

Adding this article to Members Corner, in case anyone wants to share their opinions on Nike and Kaep, or on divisiveness in general. Also see the article I mentioned in the comments section, "A Warning From Europe: The Worst Is Yet to Come" and What’s behind the current wave of ‘corporate activism’? ~ Ilene

Nike, Colin Kaepernick and the pitfalls of 'woke' corporate branding

Courtesy of Simon Chadwick, University of Salford...



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Biotech

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

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

 

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

By Jay Shendure, University of Washington; Greg Findlay, ...



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Chart School

Gold stocks, Elliot Wave and Volume

Courtesy of Read the Ticker.

Whom ever paints the chart with Elliot wave always has to try and sideline their bias. Elliot wave can work when it applied correctly and the chart is friendly to receive its application.

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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of ...

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Digital Currencies

A history of Bitcoin - told through the five different groups who bought it

 

A history of Bitcoin – told through the five different groups who bought it

GeniusKp/Shutterstock.com

Courtesy of Dave Elder-Vass, Loughborough University

The recent fluctuations in Bitcoin’s value are just the latest in a series of spectacular peaks and troughs since it was created in 2009. (Though its price has been falling recently, it remains five times higher than last April, before the l...



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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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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

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

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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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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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