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Nike Beats Estimates, Stock Up

Wednesday, September 30th, 2009

9:00am (EST)

Nike (NKE, $63.90, up $3.81) is up over 6% in pre-market trading after beating Wall Street’s estimates on Tuesday. For the quarter, the company earned $513 million, or $1.04 a share, versus $511 million, or $1.03 a share, in the year-ago period. Analysts were looking for Nike to earn 97 cents a share.

Although revenue came in slightly lower ($4.8 billion versus $5.43 billion a year earlier), the company did a great job of managing its gross margins and inventory levels. I mentioned Nike in both updates yesterday and we had the opportunity to go long and strong in yesterday’s afternoon update. Good thing because we could be looking at a 150%-200% gain on the call options I mentioned.

In fact, Goldman Sachs (GS, $183.58) came out this morning and slapped a $75 price target on the stock. Looks like we beat Goldman to the punch on this one. Subscribers, check the Members Area for the update on this HUGE winner.

As we head towards the opening bell, futures are pointing to a higher open as the GDP (gross domestic product) number came in better-than-expected. That has helped push the Dow futures higher by 50 to 9,724. The S&P futures are up 6 to 1,061 while the Nasdaq 100 futures are up 8 to 1,723.

Rick@MomentumOptionsTrading.com

Tags: Goldman Sachs, Nike, options blog, options track record, options trade picks, Stock Market Blog
Posted in Company Commentary, Earnings, Economic News, Market Analysis, Option Trades | Comments Off

MomentumOptionsTrading.com Morning Update for 9/29/09

Tuesday, September 29th, 2009

9:15am (EST)

Futures are pointing towards a slightly lower open this morning as Wall Street prepares for the latest batch of economic reports today. The Dow rallied more than 120 points yesterday as M&A (merger and acquisition) activity took center stage once again.

The rally could be short-lived if today’s economic news is weak. Today, we get consumer spending which is due at 10am and before the bell we get the Standard & Poor’s/Case-Shiller home price index for July.

Ahead of the opening bell, Dow futures are lower by 5, to 9,723. S&P 500 futures are down 2, to 1,067, while the Nasdaq 100 futures are off by 7, to 1,715.

In earnings news, Walgreen (WAG, $34.19) is up $3.40, or nearly 10%, in early trading after it reported earnings of $0.47 a share, which was 8 cents better than Wall Street’s estimates. Revenue for the quarter was $16 billion, which easily beat estimates.

Nike (NKE, $59.00) reports after the bell today and there will be plenty of positioning before the closing bell as traders bet on the company’s earnings.

Subscribers, check the Members Area for the trade updates.

Rick@MomentumOptionsTrading.com

Tags: Nike, NKE, options trading strategies, WAG, Walgreen
Posted in Hot Stocks | Comments Off

Earnings: COST, KKD, LULU and a Nike Trade

Thursday, December 11th, 2008

Costco Wholesale (COST, $53.37, down $0.32) is recovering from its morning low of $50.70 after reporting a 1% gain in same-store sales for the quarter. The company earned $263 million, or $0.60 a share, compared with $262 million, $0.59 a share, a year ago. Revenue came in at $16 billion, up from $15.5 billion, as U.S. same-store sales were up 3%, but international sales were a major disappointment as they fell 7%. The stock started the week at $55.58.

Krispy Kreme Doughnut (KKD, $2.51, up $0.01) reported another loss. It’s hard to get excited about a $2 stock so I won’t even bore you with the numbers. Krispy Kreme was hurt by “higher ingredient costs” but this stock has been battered to the point where I’m actually surprised to see that it is still trading. Back in 2001, the stock had two 2-for-1 splits and traded to a high of $50 two years later. If it hadn’t split, KKD was technically a $200 stock. Whew. Stocks under $5 are under $5 for a reason.

Lululemon Athletica (LULU, $7.94, down $2.52) is were the action is at. The company reported earnings that topped Wall Street expectations by a penny but is getting crushed after giving guidance that fell short of the Street’s expectations. Go figure. LULU said earnings jumped 17% to $8.83 million, or $0.13 a share, from $7.6 million, or $0.11 a share, in the year-earlier period. Sales rose 34% to $87 million.

The company also lowered its 2008 guidance to $0.56 a share from $0.69 a share. Estimates from Wall Street were projected at $0.67. Here’s the risk of trading options around earnings. If you had bought calls in anticipation of a good earnings report then you would have been wiped out despite getting the news you wanted. However, if you had bought put options like the December 10 puts (QLNXB, $2.10, up $1.25), you are up 150% today.

There is one trade that I’m looking at though. Nike (NKE, $49.82, down $0.69) has been noticably weak as of late and fell $3 on Tuesday and another $2.50 yesterday. The December 50 puts (NKEXJ, $2.25, up $0.10) have easily doubled over that span. The company is set to announce earnings on December 17 and the December options do not expire until two days later.

Now, I just mentioned how risky it is to play stocks on the day companies announce earnings but sometimes it is okay to play them before they announce earnings. The stock made a 52-week low of $42 and change in November which gives us another $7 to the downside if the stock does retest those lows. I like small positions here at these levels in the December 50′s but keep a stop of $2.00 if you decide to enter the trade. That limits our loss to 10%. Target $3.00 or higher for an exit point.

I also like the January 45 puts (NKEMI, $1.90, unchanged) under $2.00 with a stop of $1.50 and a target of $3 as well.

Rick Rouse
Rick@OptionsMentoring.com

Tags: Costco Wholesale, Krispy Kreme Doughnut, Lululemon Athletica, Nike
Posted in Company Commentary, Earnings | No Comments »

Buybacks Picking Up

Monday, September 22nd, 2008

With a lousy market you can get lousy stock prices. At least that what a few companies are thinking. Although we had an 800 point rally to close the week, there are a few companies who feel like the market has given them the opportunity to buy back shares of their company stock.

Microsoft (MSFT, $26.01, up $0.85) said Monday its board approved a plan to buy back up $40 billion of its shares. The company said it has completed its previous $40 billion stock repurchase program and the new buyback expires in September, 2013. The company also raised its quarterly dividend to $0.13 from $0.11.

Although I don’t actively trade options on Microsoft, I have mentioned that at $25, Microsoft is a good stock trade to ride to $27 or $30.

Hewlett-Packard (HPQ, $47.75, down $0.51) also approved the repurchase of up to $8 billion in shares. The buyback comes on top of a previous $8 billion repurchase program started in November that has about $3 billion remaining. The company has about 2.5 billion shares of common stock outstanding.

And finally, Nike’s (NKE, $63.85, up $0.15) board approved a four-year, $5 billion buyback program. Their repurchase program will begin following the completion of its current $3 billion buyback program. Nike had about 492 million shares of “Class B” stock outstanding.

This is usually a bullish sign for the market when companies come in and buy their stock back. It shows the faith that management has in its stock price. Buybacks lower shares that are available to trade and could help increase earnings because of higher revenues on less shares outstanding.

Rick Rouse
Rick@OptionsMentoring.com

Tags: Hewlett-Packard, Microsoft buybacks, Nike
Posted in Company Commentary | No Comments »

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of membership rather than the one quarter. Thanks again, and LOVE YOU ALL.

STEVE T.
Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help.

SCOTT H.
Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide.

PETER G.
Rick & Team, GREAT Call on NKE for my two trading accounts:
1) Entry at .65, out at 1.45, 1.55 Profit = $415
2) Entry at .60, out at 1.75, 1.50 Profit = $485

LAWRENCE O.
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3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming.

C.J.
Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again!

SHAUN
Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace!

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I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good
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Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN.

MIKE
Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You.

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Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks.

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Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you!

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Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming.

NOEL
I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade.

TODD F.
Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today.

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What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you!

NOEL
“Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ”

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“I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.”

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“I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.”

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“I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.”

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“Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.”

ED
“I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.”

GREG
“Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.”

KEN
“Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.”

GARETT
“Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.”

TERENCE
“Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.”

Jan. 31 2012
Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

3/18/11
Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

2/3/12
Hi Rick,

I will start off with a thank you for your time and dedication to all
the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

Hi Rick,

I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
at finding winning trades. I have attached a copy of the trade from
my brokerage screen.

Posts Tagged ‘Nike’

Nike Beats Estimates, Stock Up

MomentumOptionsTrading.com Morning Update for 9/29/09

Earnings: COST, KKD, LULU and a Nike Trade

Buybacks Picking Up