GRPN - Q1 revenue of $559.3 mln, better than the analyst consensus of $531 mln. EPS was $0.02, vs. expectations of $0.01 per share. For Q2, the company expects revenue between $550 and $590 mln, vs. expectations of $559 mln. Looking long bias on this one, big short float, lower 13's saw support ah's, look for 14 cross and 15 test. Possibly 15 cross if things get crazy, 16 has alot of resistance.
MM - 6mo old ipo, set guidance below estimates. The company forecast revenue of $37 million to $38 million. Analyst on average
were expecting $41.4
million. Light volume on this one, keep an eye on it possible play in there somewhere, short bias maybe, but its already down, and only a slight miss on forecast as well as the e/r.
MAKO - straight drop on this one from 42 to 21.4 now, which is where it bounced from back 9 months or so ago. I know they have a class action against them as of today, but not sure how this will affect the stock, I expect a drop to 20 and possible bounce, I will play the bounce on this, timing is everything.
CHK - Carl Icahn took will soon announce he took a stake in the company, it rallied today, but I'd wait for a pull back before you buy, the stake could be minimal at this point as we know the company is the countries 2nd largest natural gas producer and is super leveraged. Could be a well calculated risk, similar to Buffet on BAC, he bot it at 7.5ish and it ended up tanking to 5, then ripped to 10, all with in a 8-9 month period. We may see a similar situation with this stock.
JPM - firing those responsible for the 2.5 billion loss, we've seen this stock as low at 28 in the last 6 mo so could def continue to keep going down,they say the SEC is ill equipt to provide oversight on investment banks decisions, this is a good case for their argument and the fact that banks either need to provide service or invest, not both. I say fuck'em if they want to risk it all let them lose it and let someone else step in that knows what they are doing. We can't keep supporting idiotic decisions and expecting them to turn out good for them, us or the country. Doesn't work like that for the individual, why should it be any different for a corporation?
ADY - gap fill is 5.93, possible long on drops below, even though the momentum was strong with this one, you had way too many believers stuck in it now. One problem with doing no due diligence, their e/r was wack, prolly shoulda sold off, which is why we get the drop now. Hesitant to long it for that reason.
SYNC - July 2nd they are selling 350k of these shares at 8.5 average, so anything above that price from now till then, parabolics, strong moves, I'd be looking to short, they aren't going to get much more out of this, I think it'll be a battle just to keep it above 10, 11 alot of resistance. 11 is the spot I'll want the short at, still need to stick to stops at July is a way aways.
AAPL - only reason I put it on is the long is looking more appealing here at 550 to 555, any dips below I'd be looking to play the long stock can rip a good 5-10 pts fast if you catch it right.
JBII - former runner had some volume today, I've seen this rip from 1 to 5 in a month so keep it on watch we may see it go towards 2's.
TUESDAY, May 15
Extended-Hours Earnings: ACXM, ACAT, ATEA, ALOT, ASUR, LODE, DSCI, DKS, NYNY,
GOLF, HD, JCP, KITD, LWAY, NLST, MBND, PRKR, PTX, PRST, RMKR, RAH, SINA (SINA:$52.33,$-1.38,-2.57%) , SVA, SFUN, SORL,
SNSS, THQI, TJX, VAL, VRML, VSCI, YTEC.
Economic Data: 8:30 a.m. Retail Sales; CPI: Empire
Manufacturing; 9 a.m. Net Long-Term TIC Flows; 10
a.m. Business Inventories; NAHB Housing Market Index.
WEDNESDAY, May 16
Extended-Hours Earnings: ANF, ABMD, ANW, BRC, CPSL, CTRN, CPWM, CTRP, DE,
HOTT, JACK, KONG, LTD, NTES, RRGB, SPTN, TGT, TSTF, UTSI, VVTV,
Economic Data: 7 a.m. Mortgage Index; 8:30 a.m.
Housing Starts; Building Permits; 9:15 a.m. Industrial
Production/Capacity Utilization; 10:30 am. Crude Inventories;
2 p.m. FOMC Minutes.
THURSDAY, May 17
Extended-Hours Earnings: AAP, ARO, ALKS, ARUN, AMAT, ADSK, BONT, BRCD, CATO,
PLCE, CSC, COSI, CCSC, DLTR, DANG, LONG, GPS, GIGM, GSOL, INTU, MRVL, NM, NWY,
PSUN, PERY, QSII, ROST, CRM, SCVL, SSI, SMRT, SSI, TK, TOO, TNK, BKE, VSAT, WMT,
Economic Data: 8:30 a.m. Initial Claims; 10
a.m. Philadelphia Fed; Leading Indicators.
FRIDAY, May 18
Extended-Hours Earnings: ANN, BWS, IMOS, DCI, FL, HIBB, KIRK.
Economic Data: None.