Its that time of the year again! Earnings season!
Notable earnings coming up. Google 4/16 Amazon 4/24 Under Armour 4/24 Apple 4/23 TSLA 5/14. I will most likely put Calls on Google and Amazon. Puts on TSLA ( Tesla) . Have not decided on Apple or Under Armour.
Earnings to watch for 4/10. * Earnings that will be released before Thursday’s open. CBSH, FDO, IGTE, PIR, RAD, SJR, TITN.
Earnings that will be released after Thursday’s close. NQ
Out of all those companies that I mentioned above, I will only be playing RAD. One other factors that sold me on RAD is their rebound. At one point RAD was trading under 1$( RAD currently sitting at $6.40 per share. I am personally holding April 19th 7$ call options while Juan is currently holding 940 shares. Another factor that led to my decision to put calls on RAD is the option chain ( option chains are favoring the calls) . FYI- Sold off my PLUG April 19 8$ calls to pick up RAD . For a technical perspective of RAD Click here
Stock Picks for 4-10.
PHOT, KNSC, IPRU. PHOT is a value buy, if PHOT trades under the .50 range ( .40 range) it is a must buy as it should be trading in the .60’s not .40s and 50s.
KNSC is a great stock, like I mentioned in yesterday’s post, KNSC is currently trading at a stable channel ( .0009- .0012) making it a perfect candidate for a day trade. More importantly KNSC looks like an exact replica of CWIR. ( CWIR went from .0001 to .004) KNSC is currently trading at a stable channel ( for pennies) in the 9-11 range. Put KNSC on your watch list. If it drops a few ticks buy it as it is poised to make a CWIR run. * I day traded KNSC on 4/8 & 4/9 bought at .0009 and .0010 & sold it at .0011 both times and I will most likely attempt to pick it up again at .001 or 9
IPRU- I have been day trading IPRU for the last 3 weeks. IPRU sits in a pretty wide channel from .0005-.0007/8. Its a pretty wide channel but its extremely stable ( based on my experience). IPRU is currently sitting at .0006. If you can pick up IPRU at .0006 and in a best case scenario .0005 sell it at .0007 or if you decide to get greedy .0008. IPRU might take a day or 2 to get to .0007/8 but patience is key in this game. Enjoy and good luck guys!
MANNKIND BIOPHARM WATCH : Breaking news out of MNKD due to the FDA extending its Afrezza PDUFA date to July 15. Afrezza’s original PDUFA date was scheduled for April 15. For the short term it means that the hype is going to die down along with a mediocre volume which will drive down the price as it did today. It dropped 8% after it was announced that the PDUFA date was being postponed until July 15 (18% drop during premarket hours). This has no implications on the possibility of the drug getting approved it is still highly likely that the FDA will approve Afrezza in the coming months. So until we start nearing the PDUFA date don’t expect anything huge out of MNKD. Long term wise this is a good stock short term not so much as the risks heavily outweigh reward. In short MNKD will move out of the picture in the stocks we cover mainly because we were interested in MNKD for it’s AdCom and PDUFA.
Long Term Stocks
MYEC- BIG BIG NEWS! MyECheck, Inc. (MYEC) going global with an iCard1 agreement To read out analysis on this click here!
As For Our Long Term Picks
( STOCK TO STAY AWAY FROM ) KING IPO- OVERPRICED !!! KING’s IPO was a joke ( IPO pricing of 22$) in my opinion it had one legitimate game ( one hit wonder ) . ZNGA has had more success yet they are only priced at 4-5 $. THEY need more success/revenue to back up their value we have yet to seen a glimpse of their financials ( signals instability ) . Great Candidate for PUT OPTIONS as the company has done nothing to warrant their current value.
LONG TERM WATCH LIST! ( Changes once every 1-2 weeks )
LONG TERM STOCKS- CMG, TRMR, FNMA, FMCC, MA, GOLD, BRK-B, NKE, NOW, ICLD, GNTX, XOM.TSLA.CTIC, VZ, PLUG FNMA TSLA
– ARTX As I mentioned before I sold ARTX during the selloff post earnings. This stock still has a bright future therefore I will wait for the selloff to finish and then I will assess and most likely re-enter with a position on ARTX.
LONG TERM PENNY PICKS- MYEC, HYSR, Marijuana Stocks ( * UTRM *, FITX, MJNA, PHOT, TRTC, HEMP, CBIS, MDBX) For our detailed analysis on the future of Marijuana Stocks click here !
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