OptionsGains

OptionsGains

$ICHR just made new 52-week highs after guiding higher. Ichor (NASDAQ:ICHR) announced Q4 revenue of $189M (+22% Q/Q) versus the $184.9M consensus. The company expects positive cash flow from operations, with $61M in cash at the end of the year and $181M in total debt. For Q1, Ichor sees total sales of $210-230M, above the $181.9M consensus. Ichor will report...

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$BGFV has the shorts scrambling to cover after guiding higher. Big 5 Sporting Goods (NASDAQ:BGFV) pops after saying it expects to report Q4 EPS ahead of the high end of its prior guidance range ($0.02 to $0.04 vs. -$0.16 to -$0.04 prior view). The retailer also sees full-year EPS of $0.40 to $0.42. Sales breakdown: Sales in the company's apparel category...

OptionsGains

We said last Thursday that $CGC was on the verge of a breakout and we were right on the money. With 21% of the float short, we expect further short-covering as the shorts get squeezed. We believe the worst is over for $CGC and 2020 is shaping up to be a much better year for cannabis stocks. Also with the US Presidential election coming up, expect some campaign...

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$CGC is a cannabis play that keeps getting more interesting by the day. $CGC is the cannabis name to own with $STZ controlling the company and providing downside protection. Bear in mind that $CGC has a $7 billion market cap and $2 billion in cash. This gives $CGC a lot of fire power as we expect further consolidation to take place after last year's bear...

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$BLDP is on the doorsteps of new 2 year highs. The stock has been steadily climbing the charts this year and is up 135% ytd. After last Friday's high of $5.70, there is a double top at $5.70 and $5.72 a share. Above that, there's a strong trend line leading to $6. While some can play the break above the double top, a breakout above $6 is a clear signal to go...

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It's hard to get overly bullish on $LB, but the chart has piqued our interest. The stock has very strong support at the $16 level and $LB looks to be on the verge of breaking out. With so many bearish on retail names, $LB could outperform quite easily with so many pessimists and shorts in the stock. With 8% of the float short, we could see a nice short covering...

OptionsGains

$RAD is one which we nailed the move higher. Now that the stock has come back down, we believe it's a speculative bounce play here. Although you will want to give it some room as the stock could drop to the $9 to $10 region and bounce from there. That's why $RAD is one that you dip your toe in at current levels. Right now $RAD is a bull/bear battle and is...

OptionsGains

$KTOS looks set to keep climbing as investors rush into defense-related stocks. Kratos Defense & Security Solutions, Inc. provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic...

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$WYNN has been a great swing trade on dips to the $90 to $105 region. Great company with strong management. New Wynn Boston Harbor will start to add to top and bottom lines over the next few quarters, giving the stock a boost.

OptionsGains Updated 

Since October, shares of APTOSE BIOSCIENCES INC - NASDAQ:APTO appear to be forming a rounding bottom and recently, have witnessed the recapture of its 200 DMA as well as a noticeable pick-up in volume as we can observe from the Daily chart above. In addition, APTO now finds itself trading above all of its important moving averages 20/50/200 DMA's, which is...

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$RAD is showing signs of bullishness after breaking out to the upside above $11. With the charts showing an inverse head and shoulders pattern, we believe the worse is over for $RAD. Shares are also now trading above the 200 day moving average of $9.76 a share. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United...

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We have been bullish on $GLD and gold miners for the past year now. We believe the current pullback represents a great buying opportunity and $JNUG is a great way for aggressive investors to play the Gold bull market. Based on just fibonacci retracement, we can see $JNUG easily bouncing to $63, $70 and $77 in the short-term. Although, we still believe the highs...

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$MED is now extremely oversold with an RSI just above 20. After missing earnings last Friday, what's notable is that traders did buy the dip and we got a green candle on the day. We believe this is a sign that $MED is now too cheap to ignore. $MED is now trading at just 12x earnings and a PEG of 0.62. Medifast (NYSE:MED) closed down 27% on the heels of its Q3...

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$SOHU has broken out to the upside and looks set to continue climbing. $SOHU has been in a downtrend and is down 34% YTD. With a 52 week range of $8.79 to $22.71, there's a lot more room to the upside for $SOHU to run. Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of...

OptionsGains

$SCS made new 52-week highs after posting a strong Q3. Judging from the technical breakout, we believe this rally will continue. Steelcase (SCS +16.9%) Q3 revenue increased 6% Y/Y to $955M, led by strong growth in the Americas on favorable timing of shipments, in part due to the timing of the U.S. Thanksgiving holiday. Operating margin improves ~290bps to 7.9%,...

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$TA looks to have bottomed after rallying on the news of a new CEO being appointed. TravelCenters of America (NASDAQ:TA) appointed Jonathan Pertchik to be the company's CEO and managing director to succeed Andrew Rebholz. Pertchik has served as an executive for companies owned or controlled by private equity groups, including Starwood Capital Group, TPG, Carl...

OptionsGains

$CAI has broken out to the upside on the news that the keep is evaluating its strategic options. Yesterday's news headline: CAI International jumps (CAI +15.2%) as the company announces that it is exploring potential strategic alternatives to maximize stockholder value. CAI has appointed Centerview Partners as its strategic financial advisor. $CAI is trading at...

OptionsGains

$CHWY is a speculative buy. We are labelling it as speculative because of all the unicorns that have IPO'd this year and have performed horribly. However, a number of people are coming out and saying that the stock is interesting, including Whitney Tilson and Credit Suisse. Credit Suisse thinks Chewy's (NYSE:CHWY) revenue momentum will translate into...