💡Trade Ideas — $AMD, $BBY, $COST, $SPB, $TGT
March, 4 2017
Need some trading ideas to get the week started? This is my weekly issue for March 5 — March 9 with various financial and trading summaries to generate ideas.
FYI — Headings with underlines indicate a link is available for further research. Calls (predicted trend up) and Puts (predicted trend down) are options underlying a stock or ETF.
The goal of this weekly post is to develop a watchlist for the coming week. If you like my weekly trade ideas please clap below!
Mann Watchlist
$BBY📉 $COST📈 $DLTR📈 $GLD📈 $JKS📈 $MOH📈 $NOV📉 $SOHU📉 $SPB📈 $TGT📈 $USO📈
Market
Last week ended red for most stocks. The beginning of this week will be telling for continued bearishness or support bounces.
What follows are trends overall going into next week. The Performance and Overextended scans are pointing to more overbought at a ratio of 4:1.
Earnings Calendar
Most companies reporting this week are in the Retail sector. Be sure to review next week’s possibilities below.
Earnings 3/12/18 to 3/16/18
3/12 $TLYS
3/13 $DKS $DSW
3/14 $DDD $EXPR $SIG
3/15 $ADT $DG $ULTA
3/16 $TIF
*Mann watchlist
IPO Calendar
None
Economic Calendar
Reports this week include PMI Services Index, ISM Non-Mfg Index, Factory Orders, ADP Employment, International Trade, Productivity and Costs, Consumer Credit, Jobless Claims, Employment Situation, and Wholesale Trade.
Financial News
The President’s announced steel and aluminum tariffs spark stocks to tumble and the world to vow a response.
Retail companies are in the Earnings spotlight the next two weeks.
The gun debate continues with related company stocks going volatile.
Trade Ideas
$AMD — Advanced Micro Devices Inc.
Suggestion — Buy $11.50 3/9/18 Calls. Last $.16x$.19.
$ BBY— Best Buy Co.
Suggestion — Buy $73 3/16/18 Puts. Last $1.65c$1.75.
$ COST— Costco Wholesale Co.
Suggestion — Buy $190 3/9/18 Calls. Last $3.80x$4.00.
$ SPB— Spectrum Brands Holdings
Suggestion — Buy $105 3/16/18 Calls. Last $1.10x$1.25.
$ TGT— Target Corp.
Suggestion — Buy $75 3/16/18 Calls. Last $2.73x$2.95.
*Mann watchlist
Sizzling Tickers
Here’s a listing of tickers with high Sizzle from the TDA Think Or Swim screeners.
Calls
*$JSK *$DLTR $HS $MOH PG $YELP $VIA
Puts
*$NOV *$SOHU $NKE $DG $CHTR $DDS $AMD
Toohightoolow Tickers
What follows are stocks to watch that are either very oversold (too low) or overbought (too high). Be sure to look for technical crossovers to identify trend turning points.
Calls
$GWPH $SD *$SPB
Puts
*$BBY $DPZ $EXR $ICE $PYPL $SWKS
Favorite ETFs
ETFs are a bundle of assets with a particular theme. What follows are ETFs with nice option volume with estimated trend for the week.
Calls
$EWJ $GDX *$GLD $IBB $IWM $OIL $UNG *$USO $XLB $XLE
Puts
$EFA $EWZ $FXI $RSX $SLV
Hold
$DIA $EEM $QQQ $SPY $TLT $VXX $XLF $XLU
Disclaimer
This is not an investment advisory, and should not be used to make investment decisions. Information in Thomas Mann’s posts are opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.
Earnings calendar provided by EarningsWhisper.com (thank you!). Charts source TDAmeritrade Trader app or MissingStep apps, with analysis by author.
