Monday, July 3, 2017

Monday July 3 Morning Notes

Adios Q2, hello Q3. Keeping my fingers crossed that Q3 is as solid as Q2 was. 

Earnings: Yesterday AMC
Today BMO:

Other News: RATE taken private at $14/share; NCIT acquired by H.I.G. Capital for $20/share; Jana said to take 5% stake in EQT, sending EQT acquisition target RICE down 6%; BABA PT raised 27% to $201 at DB;

Follow Through Names to Watch: NKE, MU, WBA, RAD, PRTA



Follow Through Watch:
Day before Y'day AMC: NKE, MU
Yesterday BMO:

Y'day Other News: Activist investor Engaged Capital takes 9.9% stake in troubled name HAIN (+12%);

2 days ago AMC:
2 days ago BMO: WBA

2 Day Old News: XLF popping 2% on Fed stress test results, lots of capital returns to shareholders announced this AM as a result; WBA calls of RAD deal, however it will acquire half of RAD's stores, both RAD -20% and FRED -22% are down big on the news; PRTA dropped during mkt hours on a Muddy Waters report, dropping to a low of 49 with IV jacked, sending the July 40 puts to .40'ish before closing at .10 on the day

TT Track of the Day: It's the day before the 4th of July, what other song would I go with?? Obviously Dada Life's USA You Were Born to Rage

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