Extreme Trade Updates (3/19/19)
March 19, 2019Here’s what we continue to hold as of March 19, 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. Hold with a near-term price target of $86. It last traded at $81.10. We have a near-term price target of $85.
Johnson & Johnson (JNJ) stock – $135.05
JNJ April 2019 135 calls — $3.80
JNJ April 2019 140 calls — $1.60
JNJ is pushing higher, last trading at $138.41. Hold all positions.
Amgen (AMGN) stock – $187.15
Amgen also looks to refill its bearish gap at $197.50, near-term. Hold. AMGN last traded at $192.01.
Apple Inc. (AAPL) — $168.85
We recommended exiting the AAPL March 2019 170 calls just the other week. We now hold just the stock, which now traded at $187.55 a share.
Activision Blizzard Inc. (ATVI) — $46.87
ATVI May 17, 2019 47.50 calls — $3.60
ATVI is flying back nicely, last trading at $46.75. Hold both positions.
NIO Inc. (NIO) — $7.78 — exited half
NIO started out very well for us, and then slipped to $6. Hold.
Bank of America (BAC) — $28.85
BAC May 17, 2019 30 calls — $1.20
BAC now trades at $29.88 and remains on hold with a $35 price target.
Axsome Therapeutics (AXSM) — $8.02
AXSM is now up to $12.84 a share. Hold with a target of $15.
Yelp Inc. (YELP) — $35.88
YELP is now up to $34.81 a share and remains on hold, as well.
Square Inc. (SQ) — $59.55 — exited half
We still hold the stock, which last traded at $76.58.
First Trust US IPO Index Fund (FPX) — $63.45 — exited half
FPX last traded at $74.46 and remains a long-term hold, as we near some of the year’s most anticipated IPOs, including Lyft.
Target (TGT) — $68.50
Shares of TGT now trade a $78.60 after beating on Q4 earnings and same-store sales. Hold.
Viking Therapeutics (VKTX) — $11.65
This stock was recommended on November 12, 2018 and remains a long-term hold. It last traded at $8.60.
MedMen Enterprises (MMNFF) — $4.25
We recommended MMNFF at $4.25. It now trades at $3,15 and remains a long-term hold.
Raytheon (RTN) — $187.12
RTN is now trading at $182.75. 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 $31.25.
Goldcorp Inc. (NYSE:GG) — $10.84
GG now trades at $10.94 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 $7.
Kroger Company (KR) — $29.65
KR is still oversold, now trading at $24.54. It’s a hold at the moment.