“I call investing the greatest business in the world … because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There’s no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.” Warren Buffett
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Good morning
HD missed earnings but gave decent guidance however it is pulling back in pre market and it carries a heavy DOW weighting which is also down in premarket. We had a failed breakout of the IWM yesterday as it tried to clear the 160 area but could not get any follow through. Energy remains a strong sector and looks like it may continue as oil continues to grind higher. Casino strength could continue from yesterdays announcement on sports betting from SCOTUS allowing states to decide whether on not to make it legal and allow it in their state.
I have a question for the pro members. Does anyone watch the video for the pre market prep or is the stocks to watch list enough? I am just trying to figure out what the members prefer the written list or the videos. If I could get away from doing one or the other it would make my life easier. Now that I have a new pup and we are heading into the summer I need to take the dogs for a walk before it gets to hot outside so I am trying to trim my workload just a tad to give me the time I need. I am taking the dogs now will be back before the open.
Stocks on the Radar
1. LPTH earnings beat and good guide full disclose I already have a position in LPTH in my LT account I could be looking to add today looking for a test of the 200 day around 2.50 if this were to pull into the 1.80 -2 area I would add I listened to the call and liked what I heard for the company moving forward it is gapping in premarket and if we can take out 2.50 with authority we could see a 3 test and roll
2. ZSAN caught a little bounce yesterday could get some follow through on a 5 test and roll day trade opp do not chase look for intra day setup
3. PFNX Shares Up 19.3% After Hours Following Positive Top-Line PF708 Study Results In Osteoporosis Patients taking out 7 resistance small floater potential day trade with intra day setup do not chase
4. LIVE Live Ventures Incorporated - Common Stock Q2 EPS $0.98 Up From $0.89 YoY, Sales $52.5M Up From $38.536M YoY Very tiny floater potential day trade opp off god earnings bet tends to be a pop and flopper do not chase it
5. NETE Net Element 8-K Shows Q1 EPS $(0.42) vs $(1.51) In Same Qtr. Last Year, Sales $15.982M vs $13.56M YoY still losing money but could set up for a day trade another very tiny floater make sure you have enough liquidity to get out flirting with an 8 roll in t=premarket on very lite volume
6. ZYME Reports Expansion Of Collaboration With Daiichi Sankyo: Daiichi Will Buy Licenses To Co.'s Azymetric, EFECT Platforms For Upfront Payment Of $18M, Total Potential Transaction Value Of Up To $484.7M
7. AGRO Adecoagro S.A. Common Shares Q1 EPS $0.07 May Not Compare to $0.16 Estimate sitting on potential support at 7 decent earnings it was recently downgraded and below all the moving averages sitting on weekly and potential monthly support could be a swing or day trade opp with volume
8. IPI I have a trade plan for IPI but I may not get my fill could be a day trade opp as it takes out the trend line or a swing on a pull to 4
9. SORL earnings beat and raise gap to 6.40 recent death cross of the moving averages below the moving averages small floater maybe look for a pull to 5.50 or 6 for a bounce could be aday trade opp or higher risk swing
10. GILT near the 200 day support Gilat Satellite Networks (NASDAQ:GILT) reported quarterly earnings of $0.07 per share. This is a 133.33 percent increase over earnings of $0.03 per share from the same period last year. The company reported $67.4 million in sales this quarter. This is a 5.43 percent increase over sales of $63.931 million the same period last year. could be a day trade or potnetila swing with the 200 day as your potential stop
11. CLWT Euro Tech Holdings Shares Rise 55% Premarket Following Earnings Report; Co Says Positive about Ballast Water Business Euro Tech Holdings Earlier Reported FY17 EPS $0.23 Up From $0.11 In FY16, Sales $17.4M Down From $22.5M YoY Extremely low floater VERY thin Do not chase could set up for a day trade with volume
Tuesday's economic calendar
8:30 Retail Sales
8:30 Empire State Mfg Survey
8:55 Redbook Chain Store Sales
10:00 Business Inventories
10:00 NAHB Housing Market Index
1:10 PM Fed's Williams Speech
4:00 PM Treasury International Capital
