Extreme Trade Updates (2/19/19)
February 19, 2019Here’s what we continue to hold as of February 19, 2019:
Apple Inc. (AAPL) — $168.85
AAPL March 15, 2019 170 calls — $4.55
We recommended these two trades the other week. Both remain on hold at this time, as shares of Apple trade at $170.45.
Activision Blizzard Inc. (ATVI) — $46.87
ATVI May 17, 2019 47.50 calls — $3.60
After a brief pullback, ATVI is beginning to push higher. Hold both trades, as ATVI trades at $44.60.
NIO Inc. (NIO) — $7.78
NIO now sites at $7.41 and remains a hold, as well.
Bank of America (BAC) — $28.85
BAC May 17, 2019 30 calls — $1.20
BAC now trades at $29.11 and remains on hold with a $35 price target.
Axsome Therapeutics (AXSM) — $8.02
AXSM is now up to $9.33 a share. Hold with a target of $15.
Yelp Inc. (YELP) — $35.88
YELP is now up to $39.94 a share and remains on hold, as well.
Square Inc. (SQ) — $59.55 — exited half
SQ March 15, 2019 75 calls — $3.90 — exited half
SQ March 15, 2019 80 calls — $4.05
SQ March 15, 2019 85 calls — $2.75
We took big wins on the SQ February 2019 calls in recent weeks. We have a near-term price target of $80 on SQ. It last traded at $75.64.
First Trust US IPO Index Fund (FPX) — $63.45
FPX last traded at $72.31 and remains a long-term hold, as we near some of the year’s most anticipated IPOs, including Lyft.
Etsy Inc. (ETSY) — $50.67
The stock now sits at $54.66 and remains a long-term hold. We have a price target of $60, near-term.
JNJ February 15, 2019 130 put — $6 — exited half
This trade will expire worthless on Friday. Thankfully, we did exit half of the trade to secure a win not long ago.
Target (TGT) — $68.50
Shares of TGT remain oversold at a current price of $72.84. Hold.
Activision Blizzard (ATVI)– $50.55
While the stock did pull back to $44.60, we continue to hold. It’s still aggressively oversold at this time.
Viking Therapeutics (VKTX) — $11.65
This stock was recommended on November 12, 2018 and remains a long-term hold. It last traded at $9.08.
MedMen Enterprises (MMNFF) — $4.25
We recommended MMNFF at $4.25. After testing $5.72, it has since pulled back to $2.87. Continue holding with a long-term target of $10.
Adobe Systems (ADBE) — $248.96
The stock now sits at $259.45 and remains a hold. We have a near-term price target of $280.
Raytheon (RTN) — $187.12
RTN is now trading at $184.61. Hold the stock with a price target of $210.
Twitter (TWTR) — $32.68
Hold the stock. It’s aggressively oversold at a current price of $31.29.
Goldcorp Inc. (NYSE:GG) — $10.84
GG now trades at $10.90 and remains a hold with a price target of $15.
OrganiGram Holdings (OTC:OGRMF) — $4.98
As the marijuana story heats up on corporate interest and Canadian legalization, stocks such as OGRMF should continue to push higher. It last traded at $5.72.
Kroger Company (KR) — $29.65
KR is still oversold, now trading at $29.50. It’s a hold at the moment.