Posts Tagged ‘WEN’

The Buy List – 20 Great Trade Ideas for the Rest of 2014 (Members Only)

INDU WEEKLYWhat a rally!  

While stocks certainly aren't "cheap" by any measure, we've been able to identify 20 that are still good values.  We've been compiling this list and going over trade ideas for playing them in our Tuesday Webinars since May 13th and, of course, we've been posting them in our Live Member Chat rooms, so this is just a review to consolidate our trade ideas.  

We cashed in our Long-Term Portfolio last week at what we thought was a top but so far – so wrong on that call!  Since it's up 19% in just 6 months, we're not going to cry about missing the last 400-point move on the Dow (2.5%) – we'll just have to look ahead to deploying our cash again, following the same strategy that was so successful in the first half of the year, which was, essetially, our "7 Steps to Consistently Making 20-40% Annual Returns" system:

As we did in building our Long-Term Portfolio, we're not going to rush in and buy everything.  We will do exactly what we did in January where, following our Fall Buy List, we simply added stocks from our list whenever they became cheap.  While our Members are able to pick up our trade ideas as they are released, we don't always add them to our virtual portfolios right away.  As with the first half's Long-Term Portfolio, we will track every entry and exit in both our Live Weekly Webcasts, as well as in our Live Member Chat Room and alerts will be sent to our subscribers (you can join here, Basic and Premium Members get full access).  

Our picks were originally grouped by industry sectors but, for reference purposes, I'm going to list them alphabetically below – these are the original trade ideas (the Webinar dates where we discussed our picks are next to the symbol), most are still playable but some have already taken off :

ABX (5/28) we featured in our June 3rd post - obviously one I like.  If you don't want to buy the stock for $15.90 (and we NEVER pay retail at PSW!), then you can sell the 2016 $15 puts for $2.05,
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Which Way Wednesday – Breaking Out or Breaking Down?

Three out of five indexes look very good!  

The same can be said about a dog with three legs and no tail, I suppose.  So, the question is, is the market a dog in a nice sweater or whatever the metaphor would be for something where 3 healthy guys drag two dead guys around and win the race.  

Hmmm, I guess there is no metaphor for that – BECAUSE IT'S RIDICULOUS, isn't it?  A healthy market looks like a healthy market and this does NOT look like a healthy market.  

You can ignore Russia invading Ukraine, you can ignore China's exploding debt bubble, you can ignore collapsing German Investor Confidence, you can ignore Japanese Inflation, you can ignore all the stuff we already talked about in this morning's news alert – but that's not going to make it go away!  

SPY 5 MINUTEYes, we made new highs yesterday but look at the crap volume.  The volume on the Friday after Thanksgiving (half a day) was 55M on SPY, the volume on Dec 26th was 63M and New Year's Eve was 86M – that's how ridiculous yesterday's volume was.  

We're still in the pattern of the market rising on low volumes and selling off on high volume, which is simply the way the Banksters pump up their holdings into the opens and then dump them on what few retail suckers are participating into the closes.

You can hear their media puppets ramping up the rhetoric at the same time, wagging their fingers at the retail investors and telling them they are "missing" the rally.  Why weren't they saying that when the markets were 50% cheaper?  Why not when they were 25% cheaper?  No, only at a market top does the Corporate Media tell you to BUYBUYBUY because their masters already bought their fill and now they need someone to hold the bag.  Same as it ever was.  

[image]Check out the front page of Mr. Murdoch's Wall Street Journal, nothing about Russia and they spin the Administration's attempt to boost Housing as a positive when it's actually a reaction…
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Short-Dated Bullish Strategies On YHOO Working For Some Traders As Shares Extend Rally

YHOO – Yahoo! Inc. – Buyers of weekly call options on Yahoo yesterday are seeing substantial overnight paper profits on those positions today, with shares in YHOO climbing 3.7% on Thursday morning to $30.27, the highest level in more than five years. The stock is up on comments from CEO Marissa Mayer at the TechCrunch Disrupt conference in San Francisco on Wednesday.

The largest overnight increase in weekly call open interest on YHOO was in the Sep 13 ’13 $29 strike calls after traders yesterday purchased around 1,000 contracts for an average premium of $0.42 each. Traders long the calls at $0.42 apiece are now holding contracts worth twice as much, with the last traded price on the $29 calls at $0.98 as of the time of this writing.

Overall options volume on Yahoo is roughly 130% of the stock’s average daily volume of around 44,000 contracts at present, with the call/put ratio hovering near 4.4. 

WEN – Wendy’s Company – Traders feasted on Wendy’s front month calls this morning, with shares in the quick service restaurant operator rising 5.5% to a new 52-week high of $8.71 during the first half of the session. The stock was upgraded to ‘Buy’ from ‘Hold’ at Argus today.  

Options players appear to have purchased around 2,600 of the Sep $8.0 strike calls, most at a premium of $0.60 per contract. In-the-money call buyers may profit at expiration if shares in the maker of the Frosty and pretzel bacon cheeseburgers top the breakeven price of $8.60.…
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Call Options on Financials ETF (XLF) in High Demand

Today’s tickers: XLF, MOS, RIMM, F, VVUS, WEN & ALTR

XLF – Financial Select Sector SPDR – Near-term bullish bets that shares of the XLF, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Financial Select Sector of the S&P 500 Index, are set to rally ahead of July expiration jumped during afternoon trading. Shares of the ETF increased nearly 1.5% during the session to stand at $14.52 by 3:15 pm (ET). Options investors itching for a rally in the price of the underlying shares purchased at least 115,000 calls outright at the July $15 strike for an average premium of $0.08 per contract. Call buyers are prepared to profit should shares of the XLF gain 3.85% to trade above the average breakeven price of $15.08 by expiration next Friday.

MOS – The Mosaic Co. – Shares of the producer and marketer of concentrated phosphate and potash crop nutrients are up 3.3% to $46.20 with less than 45 minutes remaining ahead of the closing bell. Mosaic’s shares earlier rallied as much as 3.95% to touch an intraday high of $46.49. One bullish strategist purchased a debit call spread on the stock in order to position for Mosaic’s shares to increase substantially by expiration day in September. The trader picked up 2,800 calls at the September $50 strike for an average premium of $1.99 apiece, and sold the same number of calls at the higher September $65 strike for an average premium of $0.07 each. Net premium paid for the spread amounts to $1.92 per contract. The investor responsible for the transaction makes money as long as the potash producer’s shares surge 12.4% in the next several months to exceed the average breakeven point on the spread at $51.92 by expiration. Maximum available profits of $13.08 per contract pad the investor’s wallet if MOS shares jump 39.8% to trade above $65.00 by expiration day in September. Mosaic’s shares last traded above $65.00 back on January 11, 2010, when the stock reached an intraday and new 52-week high of $68.28.

RIMM – Research in Motion Ltd. – News the Blackberry maker plans to start an applications store as well as consumer Internet services in China sent RIMM’s shares up 8.47% in afternoon trading to an intraday high of $53.65 by 3:25 pm (ET). Optimism on the firm’s expansion in the Chinese market was…
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Option Bulls Order Calls with a Side of Fries

Today’s tickers: WEN, JNPR, VIX, CLX, BBY, AAPL & AXP

WEN – Despite the 2% decline in shares to $4.59 today, WEN was flooded by investors looking for bullish call options in the September contract. Approximately 9,000 calls were coveted by fans of the Frosty at the September 5.0 strike price for an average premium of 32 cents apiece. Investor’s long the calls are hoping the stock rises at least 16% through the breakeven point at $5.32 by expiration. The 10,861 option contracts exchanged on the stock today represents more than 66% of the existing open interest for WEN of 16,325 lots. We note that Wendy’s/Arby’s Group shares have not traded higher than $5.32 since April 29, 2009. – CBOE Volatility Index

JNPR – The network-equipment maker jumped onto our ‘most active by options volume’ market scanner today after a four-legged bullish trade was initiated in the near-term August contract. Shares of the firm are off by more than 2% today to stand at $25.27 perhaps on news that IBM plans to sell Juniper switches and routers under its own brand name. It appears that the investor responsible for the transaction is expecting JNPR to rebound as he was seen selling put options on the stock to fund the purchase of a call spread. The sale of 9,300 puts at the August 22 strike price for about 35 cents each, in combination with the sale of 9,300 puts at the lower August 21 strike for 25 cents apiece, yielded the trader a gross premium of 60 cents. The bullish investor then looked to the August 27 strike price where he purchased 9,300 calls for an average premium of 1.10 per contract spread against the sale of 9,300 calls at the higher August 30 strike for 25 cents each. The net cost of the call spread, after factoring in the sale of the put options, amounts to just 25 cents. Thus, the individual responsible for the transaction stands to bank maximum potential profits of 2.75 if shares of JNPR can rally up to $30.00 by expiration. The stock must rally higher by about 8% before the investor begins to accumulate profits starting at the breakeven share price of $27.25. – Juniper Networks, Inc.

VIX – Investors were found wading through molasses today helped by better earnings from Apple, but disappointed by financial companies, where the sector exemplified the view that
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Zero Hedge

FDA Approves Gilead's Remdesivir To Treat COVID-19 Despite Data Showing Drug Doesn't Work

Courtesy of ZeroHedge View original post here.

Despite reams of data from an international WHO study raising serious questions about its efficacy, the FDA has finally approved the use of Gilead Science's remdesivir - a powerful antiviral originally developed to treat ebola - for the treatment of COVID-19, making it the first such drug approved to treat the virus in the US.

The FDA first granted the drug emergency authorization in May, allowing hospitals and ...



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Phil's Favorites

SPINNING WHEEL

 

SPINNING WHEEL

Courtesy of Almost Daily Grant's

Top of the heap no more. International Business Machines Corp. reported third quarter earnings on Monday, including $17.56 billion in revenues.  That’s down 2.6% from a year ago and 3.1% sequentially and the weakest result since the first quarter of 1997. 

While $2.58 in headline earnings per share was down 4% from a year ago, a series of salutary one-time adjustments spruced up that figure, which was 27% above the $1.89 per share derived from generally accepted accounting principles.  Even those GAAP results were flattered by a meager 7% corporate tax rate.  In 1985, when then-dominant IBM commanded a 6.4% share of the market cap-weighted S&P 500 (a record single-stock concentrati...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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ValueWalk

A New Judge At The Expense Of COVID Relief

By Ankur Shah. Originally published at ValueWalk.

What’s At Stake for Small Businesses with another Conservative Supreme Court Confirmation?

Q3 2020 hedge fund letters, conferences and more

Press Call - Monday - 2pm ET - Register

Senate Wants A New Judge At ...

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Biotech/COVID-19

Disney's pivot to streaming is a sign of severe COVID economic crisis still to come

 

Image by Eiji Kikuta from Pixabay

 

Disney’s pivot to streaming is a sign of severe COVID economic crisis still to come

Courtesy of Hamza Mudassir, Cambridge Judge Business School

Disney has announced a significant restructuring o...



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Kimble Charting Solutions

Doc Copper/Gold Indicator Breaking Out Again?

Courtesy of Chris Kimble

The Doc Copper/Gold ratio broke above a 2-year falling channel back in 2016 at (1). Following this breakout, it rallied for the next year. During that year, Copper related assets did very well!

The ratio peaked in the summer of 2018 and created a series of lower highs over the past two years.

The strength of late has the ratio attempting to break above dual resistance at (2).

If the ratio continues to push higher and succeeds in breaking out, Copper, Basic Materials (XLB), and ...



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Chart School

Dow Gann Angle Update

Courtesy of Read the Ticker

Time to see what happens to the Dow post US elections.

The Dow Gann Angle Target 3 (from 2007 top) is on the table, and what a ride that will be. The FED went BRRRRR is all the fundamental news you need to know. Gann angles are very good tool to see how the masses are pushing price.


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The last two US elections saw Bitcoin and the DOW rally well for 6 months, due to stimulus. The most bearish 2020 US Election case for the markets is a Biden win with the Senate and Congress controlled by the Democrats, somehow this blog feels that is very unlikely. So what could go wrong!


...

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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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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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