NAV - e/r miss a few days back $400 mil less on rev, $4 to $2 cut on eps, which is a huge weak forecast, but the rebound came after Icahn announced he added to his stake, which is now 12%, as he saw the price decline after e/r as a opportunity. Resistance at 29, reality v. Icahn's power, but thinking we may see it flag, I am short based though. Only on moves higher 29+ or 30 fail.
PCYC - No overhead on this one so be careful on the short, but with that being said I think we see 40 act as a temporary top for the short, so I'd look to short paras over that mark/still being careful that this is beasting. Has been on a run from Jan, from 14 to 40 now which is sick. Ideally looking for the short here, so many times though do these take forever to top off and finally crack. Keep eyes on.
FB - we may see this one hit over 28 tomorrow, was inching up after hours. I know if it does, we may see this negative sentiment change for them, and everyone and their dog's mother's fish will be back in this one thinking its the next gift from God.
MOH, AKAM, IDNG, FRAN = couple other watches this week.
MONDAY, June 11
Extended-Hours Earnings: FNSR, LMNR, COOL, GAME.
Economic Data: None.
TUESDAY, June 12
Extended-Hours Earnings: AEPI, FDS, KORS.
Economic Data: 8:30 a.m. Import/Export Prices; 2
p.m. Treasury Budget.
WEDNESDAY, June 13
Extended-Hours Earnings: CEDU, KFY, LUB, SEH, VIMC.
Economic Data: 8:30 a.m. Retail Sales; PPI; 10
a.m. Business Inventories; 10:30 a.m. Crude
THURSDAY, June 14
Extended-Hours Earnings: CPST, KR, PIR, SCHS, SFD, SYUT.
Economic Data: 8:30 a.m. Initial Claims; CPI; Current Account
FRIDAY, June 15
Extended-Hours Earnings: None.
Economic Data: 8:30 a.m. Empire Manufacturing; 9:15
a.m. Industrial Production/Capacity Utilization; 9:55
a.m. Michigan Sentiment.