RedHotStocks

RedHotStocks

Cadence delivered fabulous results for the 4th quarter of 2019 in which it beat on all metrics, this is very likely to continue as its new products have received very robust adoption. The company has quite a high P/E ratio but with current growth, investors may be willing to pay that premium. The selling in the last few days is slightly worrying heading to...

RedHotStocks

ULTA needs a trip to the beauticians its chart is starting to show a few cracks and blemishes after a hard fought breakout. We expect this to go back and fill the gap created after earnings before continuing higher. Long term hold, but short term short.

RedHotStocks

Wix has had massive growth and has just recently announced new investments in facilities in Tel Aviv. Growth is upwards of 40% per year and the company has just entered profitability. Wix is still a small company with a market cap of 6.2B in comparison to Shopify's 24b. It is very likely the pullback may continue but this is a buy for the long term, not a short...

RedHotStocks

Regeneron is just another victim of the outflows from healthcare, there is nothing positive to cling to on the chart. As earnings approaches price action can only indicate that more selling is imminent, short for now and look for long on test of support or trend line.

RedHotStocks

Mustang BIo had a very eventful day, after a initial 270% pump on the open it then dumped 45% of those gains quite quickly. If there new treatment gets FDA approval this stock will rocket higher but until then it is a no touch for us, if anything its a possible short.

RedHotStocks

The Cannabis stocks have been a terrible investment in 2019, it seems that the well funded CGC may be the best of the bunch. Today's announcement of the acquisition ACREAGE HOLDINGS has resulted in a nice spike in the price, but until the downtrend is broken we remain on the sideline.

RedHotStocks

UNITED RENTALS SURPRISED WITH A FABULOUS EARNINGS REPORT TODAY, UNFORTUNATELY IT WAS ON A LOW VOLUME DAY IN THE MARKET AND ALL ATTENTION ON THE MULLER REPORT. WE WILL HAVE A LOOK AT THIS NEXT WEEK AND HOPE IT CAN CROSS ABOVE RESISTANCE FOR A LONG ENTRY WITH PLENTY OF UPSIDE POTENTIAL.

RedHotStocks

Airlines have had a tough time in the last 6 months, Government shutdowns, weather events, Boeing crashes, economic uncertainty and Brexit dilemmas have all placed the industry in a difficult position. Delta and UAL have both provided much more optimism in the last week, so we see opportunity to enter LUV before earnings than could prove to be much better than expected.

RedHotStocks

MasterCard has had a great 2019 but it may be wise to take profits before earnings. The chart is starting to look over extended and indicators are starting to turn negative. No need to be greedy looking for another 2%upside.

RedHotStocks

UNUM GROUP is a high growth stock with a good dividend which has come to out attention through highly unusual OPTION CALL BUYING, we are following those buyers as the chart also point to gain ahead.

RedHotStocks

Coty has been in a tight price range for 2 months now, after a initial pop on earnings and investor interest. This is somewhat of a battle ground stock within the analyst community. Despite the downgrades and upgrades we are long due to the heavy accumulation in stock and the extremely heavy call buying with a $15 strike.

RedHotStocks

Despite any upgrades we see nothing that would compel us to go long in this stock. It has had a lot of volatile moves and we believe more will happen in the not to distant future, but in a downward fashion.

RedHotStocks

INTUITIVE SURGICAL has seen a very intense sell off in recent days which does no breed confidence coming into earnings. With a current p/e ratio of 55 the stock is quite expensive but has the catalyst of growth to power it higher. We think it is to risky to long into earnings so maybe see what happens before initiating any position.

RedHotStocks

Whirlpool was supposed to be a benefactor from Mr Trumps tariff war, it has not worked out that way, raw material costs have had a very negative impact on manufacturing costs. Whirlpool has taken measures included innovative new products to tackle this downside and it seems to be working. We believe earnings will be good for WHR spurned by the increasing consumer...

RedHotStocks

This is a company that was brought to our attention by the spikes in volume and price.After a initial 90% gain the price retraced and had now found support and buyers. Currently up 8% in price and 158% above normal volume today The 17th April.

RedHotStocks

The department of Justice seems to be about to scupper plans of the proposed merger Of Sprint and T-Mobile, of course this stance could change very quickly so be very careful it shorting to place a tight stop loss, any good news could result in quite a pop in price and earnings are also approaching.

RedHotStocks

Today's downgrade was more than overdue, having run 84% in 4 months on not much fundamental news. We are short and thick this has a good few $$$$ to fall before finding stability. There is a lot of FOMO money in the stock that will be quick to sell so the sell side could intensify quickly.

RedHotStocks

Kinder Morgan will announce results on the 17TH APRIL after hours, we will be taking a small long position into those earnings despite the fact that indicators are mixed. We see the $70 million investment by the CO Founder and the recovery in China as future stimulus for the stock.