Extreme Trade Updates (2/26/19)
February 26, 2019Here’s what we continue to hold as of February 26, 2019:
AbbVie Inc. (ABBV) stock — $80.26
ABBV April 2019 80 call — $3.35
ABBV April 2019 82.50 call — $2.15
ABBV is just beginning to push higher after gapping unfairly lower from $88 to $77. Hold with a near-term price target of $86.
Johnson & Johnson (JNJ) stock – $135.05
JNJ April 2019 135 calls — $3.80
JNJ April 2019 140 calls — $1.60
JNJ is another pharmaceutical giant that’s just beginning to push higher. We have a near-term price target of $146, which would refill its bearish gap from December 2019.
Amgen (AMGN) stock – $187.15
AMGN March 2019 195 calls – $1.40
AMGN March 2019 200 calls — $0.50
Amgen also looks to refill its bearish gap at $197.50, near-term. Hold.
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 $174.21.
Activision Blizzard Inc. (ATVI) — $46.87
ATVI May 17, 2019 47.50 calls — $3.60
ATVI is our train wreck trade. It went against us so far, but we continue to hold as the stock remains oversold.
NIO Inc. (NIO) — $7.78
NIO now sites at $10.30 and remains a hold after a bullish 60 Minutes report on how the company is pushing to become a bigger lifestyle brand in China.
Bank of America (BAC) — $28.85
BAC May 17, 2019 30 calls — $1.20
BAC now trades at $29.40 and remains on hold with a $35 price target.
Axsome Therapeutics (AXSM) — $8.02
AXSM is now up to $9.27 a share. Hold with a target of $15.
Yelp Inc. (YELP) — $35.88
YELP is now up to $37.90 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 $77.37.
First Trust US IPO Index Fund (FPX) — $63.45
FPX last traded at $72.44 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 $68 and remains a long-term hold. After breaking well above our $60 target price, we now believe it could rally to $80.
Target (TGT) — $68.50
Shares of TGT remain oversold at a current price of $72.44. Hold.
Viking Therapeutics (VKTX) — $11.65
This stock was recommended on November 12, 2018 and remains a long-term hold. It last traded at $8.61.
MedMen Enterprises (MMNFF) — $4.25
We recommended MMNFF at $4.25. After testing $5.72, it has since pulled back to $3.30. Continue holding with a long-term target of $10.
Adobe Systems (ADBE) — $248.96
The stock now sits at $260.50 and remains a hold. We have a near-term price target of $280.
Raytheon (RTN) — $187.12
RTN is now trading at $185.27. 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 $10.76 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 $6.42.
Kroger Company (KR) — $29.65
KR is still oversold, now trading at $28.88. It’s a hold at the moment.