TIBX - topping Q4 expectations, stock traded in a range 21 - 23.25, look to play long/short off of these levels.
BBBY - beating Q3 earnings estimates and meeting revenue expectations, Shorts might want to eye 60 as a top and look to play on the short side with 59-58 as a target.
RIG - long bias, 41+ target. 39 should stand as a floor.
GRPN - I think she comes down before she goes higher, Prolly into January might be good to take short, possibly puts.
PEP - stock has been strong during weak pulls, thinking it could go 67-68 before any real pullback. Either way its a good trader.
WEDNESDAY, Dec. 21
Extended-Hours Earnings: ATU, BBBY, KMX, FINL, MLHR, KBH, LNN, LUB, MU,
SCS, TIBX, WAG.
Economic Data: 7 a.m. MBA Mortgage Index; 10
a.m. Existing Home Sales; 10:30 a.m. Crude
THURSDAY, Dec. 22
Extended-Hours Earnings: AM, CAMP, CBK, NEOG.
Economic Data: 8:30 a.m. Initial Claims; GDP; 9:55
a.m. Michigan Sentiment; 10 a.m. Leading Indicators; FHFA
Housing Price Index.
FRIDAY, Dec. 23
Extended-Hours Earnings: None.
Economic Data: 8:30 a.m. Durable Orders; Personal
Income/Spending; PCE Prices; 10 a.m. New Home Sales