💡Trade Ideas — $MOMO, $TOL, $LOW, $PVH, $DLTR, $ULTA
August 20, 2017
Need some trading ideas to get the week started? We’ve got you covered! This is our weekly issues August 21 — August 25 where we go over macro economics, economic calendar, upcoming earnings and list a few trade ideas.
Last week was very volatile- just what day traders like! The Fed makes some indications this week. How this week trades could indicate our future trend.
Favorite ETFs
$SPY —
$USO —
$GLD —
Earnings season is drawing to a close but there are still a few good targets this week.
$MOMO — Momo Inc.
Momo’s ER is 8/22/17. The company’s stock has been on a nice uptrend in 2017. Chart analysis indicates a downtrend starting but it could be due to the general market.
Catalyst — Pre-ER
Trade — BUY $44.00 August 25, 2017 Puts
$TOL — Toll Brothers Inc.
Toll Brothers has its ER 8/22/17. Chart analysis shows a bounce imminent. MaxPain is $39 for most expirations.
Catalyst — Pre-ER
Trade — BUY $38.00 August 25, 2017 Calls
$LOW — Lowe’s Companies, Inc.
Lowe’s has its ER 8/23/17 and has a mixed history of ER beats. It’s competitor, Home Depot, beat last week and fell quite a bit. Chart analysis shows support at $72.50 and the stock price is almost there.
Catalyst — Pre-ER
Trade — BUY $74.00 August 25, 2017 Calls
$PVH — PVH Corp.
PVH has its ER 8/23/17. The company has a history of ER beats. The stock has been on a tear in 2017. MaxPain is at $115 or less for expirations.
Catalyst — Pre-ER
Trade — BUY $115.00 September 15, 2017 Puts
$DLTR — Dollar Tree, Inc.
Dollar Tree’s ER is 8/24/17 with a mixed history of ER beats. Chart analysis shows a downtrend possible.
Catalyst — Pre-ER
Trade — BUY $72.00 August 25, 2017 Puts
$ULTA — Ulta Beauty, Inc.
Ulta Beauty’s ER is 8/24/17. The company has a history of ER beats. Charts analysis shows a big downtrend since last ER due to future outlook decrease. MaxPain is $245+.
Catalyst — Pre-ER
Trade — BUY $270.00 August 25, 2017 Calls
Happy trading!
Disclaimer
This is not an investment advisory, and should not be used to make investment decisions. Information in All Things Stocks is often 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.
