2:10pm (EST) We have a New Trade on a familiar name so let’s go check the tape. New Trade! Buy Rocket Companies (RKT, $14.15, up $0.31) Sell to Open RKT May 15 calls (RKT240517C00015000, $0.80, up $0.10) Action: We are suggesting buying the stock at current levels while selling the RKT May 15 calls for […]
Author Archives: Rick Rouse
Before the open: Bank of Hawaii (BOH), Cadence Bancorporation (CADE), Kimberly-Clark (KMB), OFG Bancorp (OFG) After the close: AGNC Investment (AGNC), Boot Barn Holdings (BOOT), Covenant Logistics Group (CVLG), Crane (CR), Flexsteel Industries (FLXS), Graco (GGG), H.B. Fuller Company (FUL). Hexcel (HXL), J & J Snack Foods (JJSF), ServisFirst Bancshares (SFBS), Steel Dynamics (STLD), […]
Shares of BlackBerry Ltd. (NYSE: BB) rallied 8% after the company said it has settled the disputes over patent royalties against Facebook Inc. (Nasdaq: FB) for terms that weren’t disclosed. BlackBerry had sued Facebook in 2018 in a fight over messaging patents and was then countersued over patents for voice messaging technology.
Consumer Staples Select Spiders (XLP, $64.85, up $0.55) XLP September 65 calls (XLP200918C00065000, $0.80, up $0.15) Entry Price: $0.70 (8/17/2020) Exit Target: $1.40 Return: 14% Stop Target: None Action: Lower resistance at $64.50-$65 was recovered with shares closing on the session high of $64.85. Support remains at $64-$63.50.
Bulls Get Weekly Win Despite Friday’s Flat Action The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day. Despite the flat session, the major indexes posted […]
Monday’s (8/17/2020) earnings announcements: Before the open: Consolidated Water (CWCO), Eagle Point Credit (ECC), Gulf Resources (GURE), JD.com (JD), Milestone Scientific (MLSS), Niu Technologies (NIU), SWK Holdings (SWKH) After the close: Americas CarMart (CRMT), Best (BEST), China Biologic Products (CBPO), Dolphin Entertainment (DLPN), Edison Nation (EDNT), Fabrinet (FN), Progressive Care (RXMD), Social Reality (SRAX) Economic […]