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Pre Market Game Plan by AJ – 6/1/17

1) $SPI Announce agreement with Capital Stage to sell UK Solar Project (1.35)
Stock gapping up +$1 I like this to get possibly squeezed right at the open thru $3+ then watch for topping this will sell off and pull hard once it tops out possibly all day fader to $1.60 an under, think their going to use this news to bring volume in an end up doing ATM

2) $EXPR Earnings Miss and Bad Guidance (7.76)
Stock gapping down -$1.75 2 ways to play this, could pop at open on short covering to $6.90 then top off then fade all day back to new lows, or this pulls hard at open to $5 and under then go long and play the short covering to $6-$6.50 Let this set up then we nail it.

3) $BOX Earnings Beat (18.70)
Stock gapping up +1.30 I like this to pop at open possibly to $20.50+ then scale in SHORT gap fill this back to $19 and under then bottom curl it and go long for a nice all day slow move to the upside. If this sells off at open on profit taking to $18.80 or under then just go long stock should have a nice solid move to the upside once it settles
4) $CIEN Earnings Beat (23.48)
Stock gapping up +$3 I would look for this to pop a tad more at the open to $27+ then scale in SHORT gap fill it back down on profit taking to $24-$24.50 and under then go long, if this sells off at open chase it to those levels then look for bottom curl then go long for an all day slow move back to Pre-Market highs
5) $SKX Citi Tags a BUY rating and ups PT to $30 from $28 (25.52)
Stock gapping up +$1 I like to see slight pop at the open then look to gap fill this first to $25.50-.70 area then scale in a few LONG then look for an all day slow move to $27-$27.50 on this
6) ************************GT Morgan Stanley Tags a BUY rating and puts a $54PT from $24 (32.22) SWING IDEA
Stock gapping up +$1.80 I like to see this pop at open to $34.50-$35 then look for some profit taking gap fill to $32.50-$32.70 or UNDER and then go LONG for 2-3 days and slow move to $37-$38 this is a HUGE upgrade and PT stock has room
7) $SMTC Earnings Miss (38.20)
Stock gapping down -$2.60 I would actually take a few here LONG at $35.50 with room to $34 then look for this to gap fill short cover to $36-$37 on it then look for this to top off and fade all day slowly. If this pops at open look for topping then SHORT it. This should get hurt all day on this miss
8) $REN SunTrust Tags a BUY rating with $55PT (39.20)
Stock gapping up +.80 I would take a few here at $40 LONG with room to add on any pullback at the open look for this to have a nice slow move on this to $41-$42+ on this call from SunTrust
9) $IDXX Aegis Tags a SELL rating with $118PT (168.39)
Stock gapping down -$2 I would take a few SHORT at $166.39 level give it 2 pts let it pop at open on any small short covering to $169 then watch for topping then look to fade this for 2-3days if this pulls it will pull hard at open to $163-$164 level before bouncing then you can cover if your short then look for this to top off then look to re-short it

10) $PANW Earnings Beat (118.59)
Stock Gapping up +$15 I like to see quick pop at open possible to $137-$138 then look to short this on profit taking and take it down to $125-$129 and under then look to go long, This is a big beat but have to expect some profit taking and some decent pullback on it.
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Notable Calls:

$NERV Positive PR (8.25) I would look to short any of this pop if it comes at the open, not enough volume on this so look for this to be short lived and then look for gap fill

$DG Earnings Beat (73.39) Gaping up +$2.50 look for pop at open to $77-$78 then scale in SHORT gap fill it to $74 or under then look to go long for an all day slow move back to highs. if this pulls then gap fill it to $74 area and under then go long all day

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