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Tech Trade Ideas

Last Updated on September 4, 2019 by Zion Miller

With the popularity and success of our Biotech “Trade Ideas,” we are expanding to provide you with daily Trade Ideas researched by our team. We will now be adding Tech “Trade Ideas” to your service. Tech is set be volatile into the rest of the  fiscal year with trade wars creating unprecedented opportunity. A 3%+- rally is only a tweet away in today’s market. Let’s capture that opportunity before it happens. Please let us know if you have any questions!

1). TGT – Puts
*Had a well received ER, currently up 20%. Tariffs anticipated to come into effect September 1st. Should this happen a significant amount of TGT supply chain will be impacted and will be reflected in price
2). SHOP – Short term bull
*up 170% YTD and 1200% since IPO. Should current market conditions hold for the month of April, $405 appears to be a reasonable target.
3). AAPL – Puts
*Couldn’t hold key resistance. The last time this happened (AUG 14th) AAPL lost -0.5% the following day. Watching for pump up to new Iphone release in a longer view. Watching for short term touch at $214 and retrace to $208
4). BIDU – Puts
*ER is causing some criticism after previous guidance. Investors working these points out may benefit from continued pullback after the ER pop. This may be further inflated by a pull back on SPY.
5). JD
*Recent “Buy Ratings” from Citigroup. Held above 200DMA at close. Options expiring Friday may continue to keep price down, be cognizant of the levels created by that.
PT: $33

6). AMD – Calls/Puts
*Closed at high of day. Watching for continuation tomorrow and Puts around the $32 range depending on price action. Historically the indexes have rejected the levels we are running towards, suggesting a sell of which will drastically improve gains on a bearish measure.

7). MSFT – Puts
*Looking for pullback after recent rally. Up 35%+ for the year but still faces looming risk/ potential news with trade tensions. Will be damaged by pullback on SPY. 

Up Coming ER’s

8/21 Baozun (BZUN)Analyst rating; buy, avg pt: $55.68Target (TGT)Analyst rating; hold, buy, avg pt: $89.65Lowe’s Companies (LOW)Analyst rating; buy, avg pt: $113.97
8/22 Salesforce.com (CRM)Analyst rating; buy, avg pt: $182.92Gap (GPS)Analyst rating; hold, avg pt: $21.11Dick’s Sporting Goods (DKS)Analyst rating; hold, avg pt: $37.38
8/23 Sesen Bio (SESNAnalyst rating; buy, avg pt: $3.58Ability (ABIL)Analyst rating; hold, avg pt: $1.3Just because a company is listed higher on the email does not necessarily mean its a better stock to trade.

* Our daily “Trade Ideas” emails are meant to give you ideas for swing and day trades. Returns we aim for are in the mid-single-digit to the double-digit range. Price targets (PT) are short-term in nature (i.e. a few days to a few weeks). Don’t be afraid to sell before the PT is hit if you are up on the position. Price targets are estimates, not an exact science.

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