RedHotStocks

RedHotStocks

Earnings were a beat but revenue was a slight disappointment, missing estimates. The stock has been stuck in a downtrend for 3 years but we think a break is coming, this is very much dependent on the sentiment within the market. AVERAGE TARGET PRICE $122 AVERAGE RECOMMENDATION OVERWEIGHT Company Description Equifax, Inc. engages in the provision of information...

RedHotStocks

Sentiment in Childrens Place has improved considerably during the quarter, most recenekty Analysts have increased price targets and ratings Susan Anderson from B.Riley FBR reiterated a Buy rating on Children’s Place, with a price target of $122. The company’s shares closed yesterday at $108.47. “The Children’s Place (PLCE) will report 1Q19 earnings before the...

RedHotStocks

OMG poor old Macy's a institution within USA culture but it is getting no love. We did not expect this to continue dropping but it is now reaching crucial support levels. Earnings are tomorrow so there is always the hope of a surprise that could turn the tide, otherwise $17 is the next target if $21 cant hold.

RedHotStocks

The breakout in CSCO has stalled significantly as the market sell off has struck just at the wrong time. As earnings approach indicators have turned very negative very quickly, investors have fled stocks with China exposure. We will not be taking any position into earnings but may look for a bounce post earnings as is the norm.

RedHotStocks

Despite the threat of Trade related selling, we will go long into earnings. This stock was ready to break to a ATH until trade talks collapsed but it is still a great stock regardless. Long into earnings for short term trade. Lets hope there are no tweets.

RedHotStocks

BTC may be a safe haven amid the financial turmoil throughout the world hard to believe, but it is a reasonable argument if you were in China, Iran or Venezuela and needed to secure your wealth whilst you currency is deteriorating, BTC is a safe place to be. The fact that it is decentralized makes it even more compelling as its out of reach from Governments ans...

RedHotStocks

*********It has to move soon otherwise its going to get rubbed of the list, it has really lagged the CRYPTO market and its weight within the sector is faltering, XRP is seeing very small volume and probably needs a pullback in BTC to get moving. When it does move it will be fast so have alerts or orders in place.

RedHotStocks

After a multi year breakout, they Trade Dispute has come at a bad time, we think that it will have trouble holding the $286 level if the market condition remains the same in the coming days. Investors have yet to really exit the name on mass, as volume is quite low considering the market selloff .

RedHotStocks

Luxury retail sales have had a very good start to 2019 after a horrid end to 2018, consumer confidence improved greatly but that may change very quickly as Trade disputes and Brexit still hang over the market. We expect a good report tomorrow, but are wary of negative commentary and Dollar strength has been a recurrent theme throughout earnings season. We see...

RedHotStocks

***Update*** After our initial Long call in HON it is obviously now going to be hit hard by market sentiment due to China exposure. The stock had a perfect breakout lately as predicted but that has stalled now and they selling has begun. We would suggest getting out and wait for the dust to settle, good reentry points will be available soon.

RedHotStocks

We will be looking for a long into earnings depending on the market behavior today. The company is expected to beat earnings and revenues easily and the chart points to further gains if the $74 range can hold. Average Analysts recommendation BUY Average Price target $88 Company Description Agilent Technologies, Inc. engages in the provision of application...

RedHotStocks

If you are lucky enough to have been long CYBR in 2019 you have made a 70% gain so far, that should ring the alarm bells alone. The price has been on a upward trajectory while the RSI has been on a downward trajectory got eh last 2 months. FOMO money was late to enter, but will be very early to exit this name on any pullback and weakness in earnings. We will be...

RedHotStocks

This is indeed a risky approach to the upcoming earnings report but we are entering a small long position. On Friday the 10th when the market was tanking, TLRY had a incredible bounce on good volume once it had filled a gap from Aug 2018. There was also some bullish divergence developing in the indicators prior to this bounce, so a small long offers a good RR in...

RedHotStocks

As the trade war has taken a very negative turn over the last week, UTX will be a stock to watch for considerable selling. The speculation regarding increased tariffs on USA goods to 25% will be a major worry for investors as this war may well destabilize world markets.

RedHotStocks

We will not be tempted to bottom feed on this, given the capitulation in LYFT post IPO. It does bring to the fore that a company losing money is not that appealing to investors after all.

RedHotStocks

The company recently released earnings that had a mixed reception, earnings were a beat but revenue was a miss which resulted in a bit of a sell off. On Friday MAy 10th there was 200% higher volume traded in the options market than usual, in particular the JULY 19th $105 call option, which would give a nice 15% upside. Keep on the watchlist. PRA HEALTH SCIENCES...

RedHotStocks

This is not a name we are overly familiar with but in the past few weeks, we have noticed numerous upgrades and some large funds increasing exposure in the name. Finally higher than normal option activity was spotted on Friday with a significant upside return on the strike price. Like all Pharma stocks good news can be very good for the stock price, so keep watch....

RedHotStocks

The company is great and sentiment from the analysts is very positive but it may be due a pullback, but we will also have the option of a long position, if it can break above the $33 range, on good volume. Average Recommendation BUY Average Price Target $31.50 7 BUY 1 HOLD 1 OVERWEIGHT Company Description Boot Barn Holdings, Inc. engages in the operation...