Stock market indecision has become decisive… 🙂
With a lot of economic numbers out this week it’s clear there are few broad-based commitments being made. Order flow across the board is sporadic.
Day trader or swing trader sometimes patience is the best play. We had a couple of nice trade follow through from yesterdays game plan: YOKU, COST AND TRV.
Stock Market Indecision: Map of the S&P 500
Oil and gas was the only clear bias for the day (industry-wise)
HUM: Humana
Analyst Sees Humana Deal At $225-$235/Share
Humana Inc (NYSE: HUM)’s third consecutive quarterly earnings miss in April made it vulnerable as a takeover target, an analyst said Monday.
Latest Ratings for HUM DateFirmActionFromTo Jun 2015Cantor FitzgeraldReiteratesBuy Jun 2015Deutsche BankMaintainsHold Jun 2015Leerink SwannMaintainsOutperform
Here’s Why Cantor Raised Price Target For Humana Inc
In a research report released Monday, Cantor analyst Joseph France maintained a Buy rating on Humana Inc (NYSE:HUM) and raised the price target to $230 (from $160), to reflect the managed care group’s revaluation, and HUM’s position as the insurer most focused on Medicare Advantage. The new price target represents a potential upside of nearly 7% from where the stock is currently trading.
France noted, “Dow Jones reported Friday afternoon (5/29/15) that Humana is working with Goldman Sachs regarding a potential sale, and that potential bidders include Aetna Inc. (AET) and Cigna Corporation (CI, NC). The managed care group rallied on this news, with AET closing up 1.36%, CI up 3.65%, Centene Corp. (CNC) up 4.05% and HUM up 20.31%, compared with a 0.63% decline in the S&P 500.
Based on Friday’s closing prices, the average P/E on 2015 earnings estimates in our managed care coverage universe is 22.2x. A 15% premium to the non-Medicaid names would imply upside to $203, a 20% premium would imply $212 and 30% would imply $230.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joseph France has a total average return of 24.3% and a 82.4% success rate.
Day Trading Game Plan: The SPY
One very clean trade in the SPY for day trading. (arrow below)
One hour pause and inside 15 minute candle (entry trigger) at the open price support.
Stocks to Trade |Wednesday June 3, 2015
Pete’s Notes:
- Jamie Dimon became a billionaire today.
- AAPL has moved into a new trading range.
- AIG over $60 is an alarm to set
Interesting Chart Lessons:
- YOKU very clean daily flag yesterday leading to a nice day trade.
Earnings in play today > 1M avg shares:
Bullish Ideas ATR/Volume/Price: YOKU, HLF, GPRO, NFLX, SWKS, GILD, AET, FEYE, LRCX>84, GS, AMZN
Bearish Ideas ATR/Volume/Price: gmcr, kors, apa, wynn, qihu,
Weak Stock Weak Close: cnp, ppc
Strong Stock Weak Close: LPX, SWKS, AET, ADI, LLY, CAG,
Weak Stock Strong Close: fcx, lvs, kors, luv, ual, bby
Strong Stock Strong Close: YOKU, OPK, HLF, M, ETFC, AIG, MA, DOW
20 day Breakdown: grpn
20 Day Breakout: ETFC, M, ZION
2x Normal Volume: ZION, CTRP, ETFC, YOKU, M, KORS, DDR, DD
Watch List Longs: AET, ADM>53, ABT, JPM, GS, WFC, INTU, EBAY, ADBE
Watch List Short: chk, swn, kss, cvx, cop, xom, cost, all, ntap, vz, glw, low
Inside days: INTU,
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