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Buying the dip on SGCSo TradingView is showing the wrong price on this; it's 10.90 right now, having dipped with the rest of the market mid-day after a strong open due to a large earnings and revenue beat. SGC's PEG is 0.8, according to Zacks, and its dividend yield is nearly 4%. That makes it a really good value. Unfortunately SGC offered no guidance, but the earnings and revenue beat today should bring some upward estimate revisions from analysts in the coming weeks. March 20 calls at the $10 or $12.50 strike wouldn't be a bad bet after today's report.
NASDAQ:SGCLong
by ChristopherCarrollSmith
First-ever dividend on CURO is bullish long-termI'm uncertain what CURO will do tomorrow after its mixed earnings report, lowish sales guidance, and announcement of a share buyback and first-ever dividend. What I do believe is that the initiation of a dividend will be quite bullish for the stock in the medium-to-long-term. Stocks that initiate a dividend for the first time tend, over the next 6-12 months, to move toward a higher multiple than they've traded at in the past. CURO currently trades at about 7.5 P/E and 3.5 forward P/E, according to data from Fidelity. Its PEG ratio is an extraordinarily low 0.3, making it one of the most undervalued stocks in the entire market. On CURO, I think it's reasonable to expect forward P/E to come up into the 10-15 range, at least, over the next year. That would require roughly tripling the share price from its current extremely undervalued level. The dividend yield, by the way, is a little over 2% at the current price, so you have that to look forward to as well. CURO's share buyback should also help boost the price, and then of course there's the expected 3.5%-10.5% growth of adjusted earnings next year. All in all, I think the signs point toward a strong future for CURO, and I likely will add some January 1 calls to the shares I already own.
CLong
by ChristopherCarrollSmith
Alaska Airlines looks ready to pop this weekAlaska is rated the second-best Airline, according to the Wall Street Journal. It is extremely undervalued, with a PEG ratio of about 0.5. News has been extremely positive for Alaska lately. In terms of technicals, Alaska looks to be right above a volume support and ready to bounce. Another way to play Alaska earnings is to diversify risk by buying the JETS ETF. Even if it misses its earnings target this week-- and it has a history of beating rather than missing estimates-- it might get a bump from raising its dividend. Alaska was one of five companies named in a Barrons article today titled "Comcast, Valero, and 3 Other Companies Expected to Increase Their Dividends Next Week." Options buyers have neglected Alaska, with most of the open options being puts, but that just means that the bullish fundamentals aren't priced in yet. I will go long on Alaska Monday morning.
NYSE:ALKLong
by ChristopherCarrollSmith
NMM has a great setup, but risk of an earnings missNavios Maritime is a container ship company that transports, among other things, iron ore and grain. It's been down this year due to the trade war, but recovery is long overdue. NMM has a forward P/E of 6.35, and an extraordinarily low P/B of about 0.25. It's dividend yield is over 7%. We did get some bearish shipping data the other day, but it seems to have been an anomaly due to shippers rescheduling some of their loads in order to cut costs. Today we got news that China's iron ore imports are close to a record high, and tomorrow we should get a Phase 1 trade deal that includes an agreement buy China to buy more soybeans. These should be good signs for NMM. However, NMM next reports earnings on 1/29 and has a negative ESP of -32.77% from Zacks, so beware the possibility of an upcoming earnings miss. This is also a fairly low-float stock, so expect volatility. For low-float stocks, relatively small changes in volume can lead to big moves in price.
NYSE:NMMLong
by ChristopherCarrollSmith
BTC Put Ratio SpreadBTC-28FEB20 Put Ratio Spread Sell 2x 2/28 6500P for 0.0430 ($315) Buy 1x 2/28 7000P for 0.0700 ($510) Net Credit: 0.0160 ($120) Max Profit (if pinned @ 6500): Approximately 0.0850 ($620) Margin Requirements: 0.2700 ($1975) due to Deribit not having complex orders Break Even: $5,880 This is a neutral to bullish trade. Anything above 7000 and profits are capped at the credit received. Max profit is actually achieved if I am wrong directionally and we dump to 6500. Adds some positive portfolio delta and brings in about $4.55 of positive daily theta. If we see a strong move to the upside, I will look to buy a 6000P for less than the credit I received for the trade which will cut into profit potential but also remove all risk from the trade turning it into a free butterfly spread. Any price action within the body (6000-7000) I will sit tight and let theta decay work in my favor. Would close out trade at 25% max profit (0.02125/$155). This is a fairly high probability trade but will likely take a bit of time before showing decent profit. Expected move for this cycle is about +/- $1,350 so this can stay profitable even if we see a full move to downside. Will likely close out though if we see 6k breached.
DERIBIT:BTCUSD.P
by DefineRisk
CPE an inexpensive bet to profit from Iran conflictWith energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With a P/E of 4.56, a P/B of 0.44, and forecasted earnings growth for the next couple years, CPE is a strong value for the long term and also should benefit from any escalation of Iran conflict in the short term. CPE has had a tremendous amount of trading volume in its current price range.
CLong
by ChristopherCarrollSmith
BTC to LTC ratio broke up from bull pennant, will LTC die?heading to 166 is equivalent to 6024 mBTC in terms of LTCBTC pair. This means there will be a big dump for LTCUSD, larger than that of BTC by more than 9%. This is because the volatility for LTC is higher than that of BTC. The good news is that after the ratio tests the midterm rising channel, it might go down again if it is rejected meaning ltcusd will go up. And if the ratio is not rejected and go back into the midterm rising, then it is doom for LTCUSD, seeing 22 and lower will be possible.
BITFINEX:BTCUSDShort
by nagihatoum
BTC to LTC ratio inorganic manipulation Something very interesting happened today. It looked like the ratio was retesting the bear flag, but it pierced through it to the upper resistance line, only to fall out of the bear flag. It looks now that the ratio has been rejected by the bear flag and the ratio is resuming its descent down. If this is the case, then the recent LTCUSD dump can be inorganic and the dump will be reversed. There is a very big bearish divergence in the RSI, supporting the idea that ratio will continue falling. Looking at the BTC to LTC ratio is clearer for me than looking at the its inverse, the LTCBTC pair. Maybe it is psychological. To be seen.
BITFINEX:BTCUSDShort
by nagihatoum
USDJPY short opportunityHi everyone its clear in the chart that usdjpy is in a rising wedge. You could see a clear divergence on RSI i didnt have time earlier to post a great enrty with high ratio you could still take the trade with ratio around 3 take profit could be on 108 and SL could be on 109.580 Remember not to risk more than 3% of your capital and take trades with ratio higher than 2 This is a good trade to take for start and later on when there is good enrty on shorter time frames I will add to this post
Short
by Forexharmony
BTC to LTC ratio might retest rising channelRecently the BTC to LTC ratio (the inverse of LTCBTC) dropped out of its midterm rising channel, resulting in a larger pump for LTCUSD compared to BTC. Whenever the ratio drops, that means LTC outperforms BTC and the inverse holds true. Now a bullish harmonic has formed, and the retracement to the channel support corresponds to the 0.5 fib of the harmonic. I expect that the ratio drops again after it retests the channel support. However this is the cryptosphere and maybe the ratio will go back into the channels resulting in Alts underperforming compared to BTC. The fact the daily closed greater than 5% out of the channel reduces the chances of a 5% failure, or fakeout. This possible ratio price action translates into a lot of volatility for LTCUSD, dropping hard, then surging very hard.
BITSTAMP:BTCUSDLong
by nagihatoum
LTC, Alts are so weakAlts performance yesterday was dismal, despite they pumping. A lot of ALTs remained under the 4hr 200ema, including LTC, which looked the weakest of Alts. Alts lost all the edge they gained over BTC this month, in just one day. It looked like Alt season was starting with the BTC to LTC ratio dropping out of the falling wedge, but that was a 5% failure pattern, and the ratio went back into the wedge and tested the upper resistance. I am hoping that the ratio will bounce and breakdown from the wedge again but I feel it is unlikely. My feeling is based on yesterday's performance. Yesterday's pump was a perfect start for Alts season, BTC dominance ended taking over and crushing Alts. And if BTC pumps further, which is likely, Alts will be crushed further. I look at the BTC to LTC ratio, it is just the inverse of LTCBTC. BTC to LTC ratio positively correlate with BTC dominance and negatively with ALTs dominance.
BITSTAMP:BTCUSD
by nagihatoum
LTCBTC to break down from ascending triangle to 5330 mBTCLTCBTC hit a major resistance line, if the price is rejected at this line, price will drop and break the ascending triangle. I am more in favor of a down move because it will complete the ultra huge bullish shark (blue) from my previous idea. Also BTC is bearish and a drop in BTC will elicit a big drop in LTCBTC, and I have predicted in a previous idea that the BTC to LTC ratio, the inverse LTCBTC, will rise dramatically. A pump in BTC will also cause LTCBTC to drop. LTCBTC pumps only when BTC is flat or LTCUSD disconnects from BTC price movement or outperform it.
Short
by nagihatoum