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HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:

  • MARKETS MIXED TODAY AFTER FED TALK YESTERDAY
  • PEOPLE DUMPING COMMODITIES TO BUY TECH
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING F, PLTR, TSLA, AMC, AAPL
  • EARNINGS SEASON VOLATILITY IN DR, RAD
  • UNUSUAL OPTIONS ACTIVITY IN QD, LESL, AES
  • STOCK SWAP STRATEGIES
  • AND MUCH MORE...

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:

  • MARKETS MIXED TODAY
  • LACK OF LARGE MOVES UP IN SPY
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING F, WISH, INTC, CLOV, RIOT
  • EARNINGS SEASON VOLATILITY IN ORCL, KR
  • UNUSUAL OPTIONS ACTIVITY IN BJ, LESL, ALLT
  • COLLEGE SAVINGS OPTIONS WITH OPTIONS
  • AND MUCH MORE...

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:

  • MARKETS GREEN TODAY
  • AMC INSIDER SELLING PICKS UP AS MEME STOCK RISES
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING AAPL, TSLA, CLOV, CLF, F, AMC, AMD
  • EARNINGS SEASON VOLATILITY IN RH, ORCL, PLAY
  • UNUSUAL OPTIONS ACTIVITY IN IVR, ORCL, RRC
  • ANSWERING A LISTENER QUESTION ON AMC POSITIONS
  • AND MUCH MORE...

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

ON THIS EPISODE MARK, THE ROCK LOBSTER AND UNCLE MIKE BREAK DOWN:

  • MARKETS MIXED / RED TODAY
  • MEME CENTRAL IS BACK AGAIN
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING AAPL, TSLA, BB, SNDL, CLOV, F, AMC
  • EARNINGS SEASON VOLATILITY IN MARVELL
  • UNUSUAL OPTIONS ACTIVITY IN DOCU, MLHR, RMO
  • EXPLORING THE MYSTERIES OF THE KNOCKOFF COLLAR
  • AND MUCH MORE...

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: MARK SEBASTIAN, THE OPTION PIT
CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT

ON THIS EPISODE MARK, THE GREASY MEATBALL AND UNCLE MIKE BREAK DOWN:

  • THE LATEST IN THE MEME STOCKS EXPLOSION
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING AMC, TSLA, F, NOK, WKHS, TLRY, NVDA, SNDL, BB
  • OPTIONS VOLUME NUMBERS FOR MAY FROM OPTIONS CLEARING
  • EARNINGS SEASON VOLATILITY INCLUDING SPLK, CIEN, FIVE, LULU
  • UNUSUAL OPTIONS ACTIVITY IN CLIR, F, AR
  • ANSWERING QUESTIONS ABOUT OUR CRAZY AMC OPTIONS TRADES
  • AND MUCH MORE...

HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT
CO-HOST: BRIAN OVERBY, ALLY

ON THIS EPISODE MARK, THE ROCK LOBSTER AND THE OPTIONS GUY FROM ALLY BREAK DOWN:

  • DIVING INTO THE MEME STOCKS EXPLOSION
  • MOST ACTIVE EQUITY OPTIONS TODAY INCLUDING AMC, F, NVDA, TSLA
  • EARNINGS SEASON VOLATILITY INCLUDING SNOW, NVDA
  • UNUSUAL OPTIONS ACTIVITY (MW, F)
  • ANSWERING QUESTIONS ABOUT IRON CONDORS AND UVXY
  • AND MUCH MORE...

Take a look at Penn National Gaming (PENN).

At the. moment, PENN is severely oversold on RSI, MACD, and Williams’ %R.  However, we don’t expect that to last much longer, with casinos seeing higher foot traffic, and revenue.

According to the American Gaming Association (AGA), gross gaming revenue for the first quarter toped $11 billion.  As reported by Casino.org, “Despite the virus certainly not behind the US, gaming industry revenue in 2021 is off to a blistering start. The $11.13 billion total GGR number matches the previous all-time record quarter set in the first three months of 2019.”  

This is just one of the opportunities we find quite often inside Extreme Option Profits. 

 

  • Takes LESS Than 10 Minutes a Week
  • Averaged 32.26% Gains in Weekly Income Over the Last Year
  • Made 1,677.96% Returns in the Last 12 Months

The post Extreme Option Profits Chart of Day… Penn National Gaming (PENN) appeared first on Trading Concepts, Inc..

The stock market rebounded on Wednesday with the small-caps leading the charge higher and the blue-chips struggling. Some of the strength came after a few Federal Reserve officials helped ease worries about higher inflation.

A dip in bond yields continues to be positive for Technology as the 10-year Treasury note is pushing two-week lows. Key resistance levels remain in play with Wall Street eyeballing the personal consumption report due out on Friday.

The Russell 2000 traded to an afternoon peak of 2,250 while settling at 2,249 (+2%). Prior and lower resistance at 2,225-2,250 was cleared and held along with the 50-day moving average. A move above the latter would signal additional upside towards 2,275-2,300. 

The Nasdaq closed at 13,738 (+0.6%) after tapping a midday high of 13,750. Prior and lower resistance at 13,700-13,850 was recovered. A pop above the latter would signal momentum towards 14,000-14,150 with the late April all-time peak at 14,211.

The S&P 500 made an afternoon run to 4,202 before finishing just below 4,196 (+0.2%). Key resistance at 4,200 was cleared but held for the third-straight session. Continued closes above this level would be a more bullish development with upside strength towards 4,225-4,250 and the all-time high at 4,238.

The Dow added 10 points to end at 34,323 (+0.03%) after testing a morning high of 34,409. Key resistance at 34,500 was challenged but held. A close above this level would suggest a retest towards 34,750-35,000 with the all-time high from earlier this month at 35,091.

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ANALYST UPGRADES/DOWNGRADES

Johnson Controls (JCI) upgraded to Overweight from Equal Weight at Barclays
Steris (STE) upgraded to Buy from Hold at Needham
Urban Outfitters (URBN) upgraded to Neutral from Underweight at JPMorgan

AMC Entertainment (AMC) downgraded to Neutral from Buy at B. Riley
Crown Holdings (CCK) downgraded to Market Perform from Outperform at BMO Capital
Illinois Tool Works (ITW) downgraded to Underweight from Equal Weight at Barclays

THURSDAY'S EARNINGS ANNOUNCEMENTS 
Before the open: Autohome (ATHM), Best Buy (BBY), Burlington Stores (BURL), Canadian Imperial Bank of Commerce (CM), Dollar General (DG), Dollar Tree Stores (DLTR), Genesco (GCO), Hamilton Lane (HLNE), Medtronic (MDT), Movado Group (MOV), RedHill Biopharma (RDHL), Royal Bank of Canada (RY), Sanderson Farms (SAFM), TD Bank Group (TD), Titan Machinery (TITN), Viomi Technology (VIOT))
After the close: ​Autodesk (ADSK), Box (BOX), Costco Wholesale (COST), Dell Technologies (DELL), Domo (DOMO), Fanhua (FANH), Gap (GPS), Guess (GES), HP (HPQ), Lionsgate (LGF.A), Ollie's Bargain Outlet Holdings (OLLI), Privia Health Group (PRVA), Salesforce (CRM), ULTA Beauty (ULTA), Veeva Systems (VEEV), VMware (VMW), Yext (YEXT)

THURSDAY'S ECONOMIC NEWS
Jobless Claims - 8:30am
Producer Price Index - 8:30am

METALS/ OIL
Gold closed at $1,903.80 an ounce, up $5.80
Silver settled at $27.88 an ounce, down $0.18
Copper finished at $4.53 a pound, up $0.02
Crude Oil was at $66.11 a barrel, up $0.11
Bitcoin Investment Trust (GBTC) ended at $32.05 up $0.54

I hope this helps you prepare for the trading day. Make it a great one!

 Todd Mitchell

Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos
Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...


Step #2: Enroll in an Advisory or Educational Program
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Step #3: Connect with The Community
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The post Small-Caps Snap Back appeared first on Trading Concepts, Inc..

Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings.

But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected loss, and maintained its full-year outlook, despite other retail rivals boosting their forecasts in recent days.

Management said elevated labor and shipping costs, in addition to supply chain constraints in the apparel industry, are creating continued pressure on its business.

Here’s how Nordstrom did during the period ended May 1, compared with what analysts were anticipating, using Refinitiv data:

  • Loss per share: $1.05 vs. 57 cents expected
  • Revenue: $3.01 billion vs. $2.90 billion expected

Nordstrom reported a loss for the period of $166 million, or $1.05 per share, compared with a loss of $521 million, or $3.33 a share, a year earlier. That was wider than the loss of 57 cents per share that analysts were anticipating, based on Refinitiv data.

It reported total revenue of $3.01 billion, up from $2.12 billion a year earlier. That beat expectations for $2.90 billion.

Net sales, which don’t include credit card revenue, were up 44% from the year-ago period, when Nordstrom’s stores were closed for roughly half the quarter due to restrictions put in place during the Covid pandemic. But net sales were down 13% relative to the same period in fiscal 2019.

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The company said it has added 20% more items for shoppers to choose from, compared with two years ago, as it invests more in the home, active and kids categories.

For Nordstrom’s full-price brand, net sales rose 37% compared with a year earlier, but were down 13% from 2019. Nordstrom Rack’s net sales increased 59% year over year, but were also down 13% on a two-year basis.

Neil Saunders, managing director at GlobalData Retail, pointed out that Nordstrom Rack’s results lag those of rivals TJX and Ross Stores, both of which have returned to pre-pandemic sales levels.

“The whole off-price segment is in the midst of a significant growth spurt as the consumer economy opens back up,” Saunders said in a note to clients. “In our view, Nordstrom Rack is simply not participating in this boom to the same degree as others.”

Nordstrom’s digital sales rose 23% from 2020 levels, and were up 28% compared with the same period in 2019. Nordstrom said its e-commerce business represented 46% of total sales in the latest quarter.

The rate of people completing their purchases was up 15% from 2019 levels, Nordstrom said, as more customers came to its website and stores with the intent of buying something.

CEO Erik Nordstrom cited ongoing strength at both its Nordstrom stores and its off-price Nordstrom Rack business that targets more cost-conscious customers, for the year-over-year sales growth. He said the company is optimistic about being able to capitalize on “pent-up demand” during the summer months ahead.

The company’s annual Anniversary Sale is timed for the second quarter of this year, he added, which should align with more Americans returning to pre-pandemic activities and refreshing their wardrobes.

Still, the department store chain reaffirmed its fiscal 2021 outlook that calls for revenue growth of more than 25%. It also anticipates digital will drive half of its business by year-end.

Retailers Macy’s and Kohl’s both recently reported fiscal first-quarter earnings that beat Street estimates and hiked their respective 2021 outlooks.

“While there is still considerable uncertainty with respect to Covid-19, we remain confident in our ability to deliver on our targets for 2021 and generate profitable sales growth as demand recovers,” Nordstrom CFO Anne Bramman said in prepared remarks.

As of market close Tuesday, Nordstrom shares are up about 17% year to date. It has a market cap of $5.8 billion.

Source: https://www.cnbc.com/2021/05/25/nordstrom-jwn-reports-q1-2021-earnings.html

I hope this article has been helpful.

The post Nordstrom shares fall as earnings and 2021 outlook disappoint appeared first on Trading Concepts, Inc..

The stock market traded on both sides of the ledger on Tuesday following a disappointing update on new home sales which declined 5.9% to a 863,000 rate in April. Other housing news was mostly positive as the FHFA home price index rose 1.4% to 324.9 while the S&P Case-Shiller 20-city home price index gained 2.2% to 251.6.
 
The slightly lower close was a disappointment but remains a bullish signal after higher highs on the open and keeps a possible run towards previous all-time highs in play. Meanwhile, volatility edged higher but held a fresh level of resistance to confirm this thesis.
 
The Nasdaq slipped four points to settle at 13,657 (-0.03%) with the low tagging 13,631. Current and upper support 13,650-13,500 was breached but held. A close below the latter and the 50-day moving average would indicate additional weakness towards 13,400-13,250.
 
The S&P 500 closed at 4,188 (-0.2%) with the intraday low tapping 4,182. Near-term and upper support at 4,175-4,150 was tripped but held. A drop below the latter would signal a further pullback towards 4,125-4,100 and the 50-day moving average.
 
The Dow ended at 34,312 (-0.2%) after bottoming at 34,266. Upper support at 34,250-34,000 was challenged but held. A close below the latter would likely lead to a further fade towards 33,750-33,500 and the 50-day moving average.
 
The Russell 2000 finished at 2,205 (-1%) and the session low. Current and upper support at 2,225-2,200 failed to hold. A move below the latter would suggest a retest towards 2,175-2,150. 

Mess Up ALL Your Trades & Still PROFIT
Every Week Like Clockwork!

unique income strategy allows you to profit regardless if the market goes up, down or sideways…as high as 84.2% accuracy & puts money into your account as soon as you place the trade!

These unique ‘Income Trades’ have limited risk and they typically play out in a few days.

Perfect for boosting your weekly income and building your retirement account.

Go here to learn more about Creating a Steady Stream of Profits
Each Week Like Clockwork

ANALYST UPGRADES/DOWNGRADES

Appian (APPN) upgraded to Neutral from Underperform at Macquarie
Canopy Growth (CGC) upgraded to Buy from Neutral at MKM Partners
Shake Shack (SHAK) upgraded to Outperform from Neutral at Wedbush

Domino's Pizza (DPZ) downgraded to Neutral from Buy at Goldman Sachs
Kansas City Southern (KSU) downgraded to In Line from Outperform at Evercore ISI
Viking Therapeutics (VKTX) both downgraded to Outperform from Strong Buy at Raymond James

WEDNESDAY'S EARNINGS ANNOUNCEMENTS 
Before the open: Abercrombie & Fitch (ANF), Bank of Montreal (BMO), Capri Holdings (CPRI), DICK'S Sporting Goods (DKS), Evogene Ltd (EVGN), GSX Techedu (GOTU), Lazydays Holdings (LAZY), Photronics (PLAB), REX American Resources (REX), Vext Science (VEXTF)

After the close: American Eagle Outfitters (AEO), Cavco Industries (CVCO), Designer Brands (DBI), Digital Turbine (APPS), e.l.f. Beauty (ELF), Modine Manufacturing (MOD), NextGen Healthcare (NXGN), NVIDIA Corp. (NVDA), Okta (OKTA), Ooma (OOMA), Pure Storage (PSTG), Quantum (QMCO), Snowflake (SNOW), Universal Corporation (UVV), Williams-Sonoma (WSM), Workday (WDAY), Zuora (ZUO)

WEDNESDAY'S ECONOMIC NEWS
MBA Mortgage Applications - 7:00am

METALS/ OIL
Gold closed at $1,898.00 an ounce, up $13.50
Silver settled at $28.06 an ounce, up $0.15
Copper finished at $4.51 a pound, down $0.02
Crude Oil was at $66.00 a barrel, up $0.03
Bitcoin Investment Trust (GBTC) ended at $31.51 down $1.61

I hope this helps you prepare for the trading day. Make it a great one!

 Todd Mitchell

Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos
Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...


Step #2: Enroll in an Advisory or Educational Program
Premium Advisories | Featured  Educational  Programs 


Step #3: Connect with The Community
Trading Concepts Official Facebook Page

The post S&P 500 Fails to Hold 4,200 Level appeared first on Trading Concepts, Inc..

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