Options Watchlist for This Week
Stocks on Watch
Watchlist for This Week:
($BIG) is on watch this week as the company is set to report earnings before the market opens on Thursday. This stock has an implied move of 20% & has over 50% short interest, which isn't surprising considering how the company is operating. I expect a big move this week.
($CHPT) is on watch this week as as the company is set to report earnings after the market closes on Thursday. This is one of my long-term favorites as the company continues to grow at a fast rate. As long as they meet expectations I see good things for the future. Just don’t ever fall in love with any particular stock. Stay as unbiased as you can when it comes to trading or investing.
($CRWD) is on watch as this company is set to report earnings on Tuesday after-hours. This is a company that has had its up & downs this year but I believe the future is bright. I will be watching both ($CRWD) & their competitor ($SNOW) who also reports this week.
($SNOW) is the most interesting company reporting earnings this week, they report alongside $CRM on Wednesday. This is a stock that was sitting at $390 exactly a year ago, now trading at $145. This is a fast growing company owned by major investors, however, it's also overvalued.
($TSLA) is on watch this week as it appears Elon has indicated Tesla’s Q4 is going to be the best quarter in history. This would obviously be a needed spark for a company that's down 20% over the past month alone. If we get a rally & Tesla pushes past 200, look out above because it should be clear skies as long as ($SPY/$QQQ) don’t start aggressively selling off due to geo-political & economic concerns in the overall market.
($ULTA) is set to report earnings after-hours on Thursdav. This is a company that continually kills earnings and I really don't expect this time to be any different with the holiday season here. The flag on this stock is that it's sitting at all time highs in a bad economic period.
($XLE) is on my watchlist as I can' ignore the stock currently approaching all time highs. When it comes to commodities such as oil. They have quick upward movements, & even quicker downward ones. I'll be watching this name closely & will say we're close to hitting resistance.
($YANG) has been on mv watchlist several times over the past few months and I don't expect that to change. There are many issues happening over in China right now & it seems their leader President Xi is losing control. I'm bearish on China & love YANG as it's a 3x leveraged bearish Chinese ETF.
This week should be more exciting than the previous two. We have many big cloud companies that report earnings as well as Fed Chair Powell making an appearance to speak on Wednesday. Powell is expected to speak on the economy & the current labor market so expect volatility!
This Week’s Most Anticipated Earnings Releases Are as Follows:
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