Friday, March 23, 2018

Friday 23 Mar 18 Morning Notes

Earnings: Yesterday AMC: NKE, MU; KBH, CTAS, HOME
Today BMO

Other News: KR pops 6% on rumor of merger with TGT, TGT pops 2% on the news; Steve Wynn sells remainder of his WYNN stake to Galaxy Entertainment, WYNN +4.5%; CCL +1.6% catches 2 u/g's this AM from Barclays and JPM after posting earnings y'day
Follow Through Names to Watch: FB, TWTR; FDX

NKE: +3sd at 67.10, 125k, b/a 0.11. 1sd = 1.3%, SDR = 63%

MU: -1sd at 57.25, 3.7m, b/a 0.02. 1sd = 2.8%, SDR = 71%


Follow through watch:
Day before Y'day AMC: WPM

Y'day Other News: TWTR chief security officer departs, was announced internally a couple weeks ago but this comes on the heels of FB security woes; OMER rips +47%; ABBV drops on drug news;

2 days ago AMC: FDX
2 days ago BMO: GIS

2 Day Old News: CRM buys MULE, news broke y'day during mkt hours from Reuters that sent MULE soaring; DB drops -5.8% to 14.60 in pre-mkt trade, citing "headwind" in 1q; TWTR got trounced 10% y'day presumably on sympathy with FB data abuse concerns. That sent TWTR IV rocketing, with 10% OTM weekly put IV marked at 90+%; LUV -3% on guidance due to tax changes; ARNA prices secondary after 30% stock rip to 40'ish/share; GIS poor earnings sending packaged food names CPB K HSY etc lower

TT Track of the Day: Continuing with even more tech house, Jay Lumen - Sunbeam

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