Wednesday, February 4, 2015

Wednesday Feb 4 Outlook: $WYNN $GILD $SPLS $CMG $DIS

Here's what I'm watching today with commentary from My post earnings moves will be posted below MW commentary if there are any (listed Avg/Max/Min):

SPLS ODP: The deal rumor reported yesterday by the WSJ that SPLS and ODP were in advanced merger talks was confirmed today with SPLS buying ODP. SPLS shares are trading lower in the pre-mkt. 

WYNN is out with earnings this AM which disappointed due to lackluster results in Macau.

Gilead Sciences Inc. GILD, -7.82%  said it expects price discounts for its hepatitis C drugs to double in 2015. This was following earnings that beat Wall Street estimates.

 After Tuesday’s closing bell, Chipotle Mexican Grill Inc. CMG, -6.36%  reported its fourth-quarter earnings rose to $121.2 million, or $3.84 a share, from $79.6 million. or $2.53 a share, in the year-earlier period. Revenue climbed 26.7% to $1.07 billion. The FactSet consensus was for per-share earnings of $3.79 and revenue of $1.075 billion. Same-store sales rose 16.1%.

General Motors GM, +2.94%  shares rose 3.7% after it posted results and said it would boost its dividend 20% to 36 cents a share.

Walt Disney Co. DIS, +7.48%  reported first-quarter earnings of $2.18 billion, or $1.27 a share, compared with $1.84 billion, or $1.03 a share, for the same period a year ago. Revenue rose to $13.4 billion from $12.3 billion. Analysts polled by FactSet had predicted earnings of $1.07 a share. 

MYGN is down 16% in the pre-mkt after posting earnings. Short interest in the name was last reported as 42% of the float. There is little OI in the weeklys and while I think it would be a solid straight vol play I think the option illiquidity will be too difficult to overcome.

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