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☆ An options trade on an oil giant before earnings with crude on the move higher
▼ + stars: | 2024-08-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Over the past couple of weeks, energy stocks have outperformed as investors have moved away from technology, consumer discretionary and, well, everything else. I'll breaking down my market view and then describe a possible trade on a big energy stock into earnings. Several energy companies, including the three largest US-based integrated oil companies, report earnings this week. Exxon is up slightly this week as oil inches higher on Middle East tensions. XOM YTD mountain Exxon, year-to-date Crude prices and energy stocks are, technically, mixed bags.

Persons: I've, Brent, that's Organizations: Exxon Mobil, Chevron, Exxon, CNBC, NBC UNIVERSAL

☆ Investors should wait before chasing Meta here, according to the charts
▼ + stars: | 2024-08-01 | by ( David Keller | ) www.cnbc.com time to read: +3 min

After reaching a peak around $320 in July 2023, META spent four solid months bouncing between price support around $280 and retesting the July peak. With this week's earnings beat, we'll likely see META test the upper end of this new trading range. Here we can see the recent trading range in much better context, but we can also see weakening momentum conditions. The declining momentum on the weekly chart suggests a serious headwind to META's attempt to break out of its recent trading range. The 2023 range was finally eclipsed once we saw an upside break above a clearly defined resistance level.

Persons: we'll, David Keller Organizations: Meta, CMT, CNBC, NBC UNIVERSAL

☆ This energy stock is set for a breakout with oil on the rise again. How to play it with options
▼ + stars: | 2024-07-31 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As oil rebounds following oversold conditions, it provides an opportunity for buyers to step in, especially with the potential for geopolitical tensions to rise. And one energy stock that looks set up to potentially break out is Phillips 66 (PSX) after largely trading in a range since February. However, it is now just starting to break out from that trading range and starts to target the $170 highs as upside targets. With a higher debt to equity ratio, PSX has a higher implied leverage than its peers, which provides a higher upside potential if oil prices recover from its recent pullback. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Phillips, PSX Organizations: CNBC, NBC UNIVERSAL

☆ This real estate ETF is breaking out after going nowhere for a long time, according to the charts
▼ + stars: | 2024-07-31 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

The Real Estate Select Sector ETF (XLRE) is the worst performing sector ETF in 2024, up about 3.5% right now. The ETF is net-flat going all the way back to September '22. But, it has been the best sector ETF in July, with a monthly gain of nearly 8%. The answer is a resounding yes… if the breakout in the SPDR S & P Homebuilders ETF (XHB) to new highs is any indication. And if rates are going to keep declining, then XLRE will have a strong tailwind to potentially catch up to XHB once again.

Persons: XLRE hasn't, XLRE, XHB, Frank Cappelleri Organizations: Federal Reserve, CNBC, NBC UNIVERSAL

☆ Using options to try to catch the bottom in CrowdStrike
▼ + stars: | 2024-07-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

This drop in such a short period seems overly exaggerated, and I'm on the lookout for signs of a bounce to initiate a bullish trade on CRWD. DMI (Directional Movement Index): The DMI is composed of three lines: DI+ (green line), DI- (red line), and ADX (blue line). When the DI- (red line) is above the DI+ (green line), it indicates a downtrend. Note that both DI- and DI+ are changing direction, which provides the first indication of a possible trend change. The Trade To take a bullish trade on CRWD, I'm using a trade structure called a "bull call spread."

Organizations: Microsoft, Apple, Nasdaq, RSI, CNBC, NBC UNIVERSAL Locations: CRWD

☆ The key price support levels to watch as sellers return to Nvidia
▼ + stars: | 2024-07-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

To start let's examine the 200-day moving average on the daily chart below shown as a dashed blue line. Looking back to the most recent correction in April, that was the support level of the price-to-moving average spread: 34%. We could be approaching a support level based on this analysis. This could occur by price continuing to move lower along with the moving average trending higher as the recent higher price readings factor into the average. The 50-day moving average of the daily volume totals is clearly in a decline since April.

Persons: Steve Eisman, Eisman, We're, Todd Gordon, Gordon, NVDA Organizations: CNBC, Nvidia, Jan, Edge, Inside Edge, NBC UNIVERSAL Locations: NVDA

☆ Traders expect a monster 18% move in Carvana post earnings this week. How to play it
▼ + stars: | 2024-07-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

It reports earnings this week and traders are expecting a monster move. Customers can browse a large inventory of used vehicles on Carvana's website, complete with detailed photos, 360-degree views, and vehicle history reports. Their model eliminates most of the negative associations of used car dealers by offering convenience, transparency, and a hassle-free car buying experience without the used car salesman. The company's stock fell more than 80% from February 2020 in the pandemic plunge before rallying 1600% on record used car margins caused by supply constraints due to pandemic shutdowns. CVNA YTD mountain Carvana (YTD) Carvana will report earnings this coming Wednesday after the bell and the 18% earnings-related implied move ranks near the top of the Russell 1000 companies regarding earnings volatility.

Persons: Carvana, Russell, I'm Organizations: Carvana, Machines, CNBC, NBC UNIVERSAL

☆ This under-the-radar drug stock is undergoing a long-term turnaround, according to the charts
▼ + stars: | 2024-07-29 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: drugmaker, VTRS, Katie Stockton Organizations: CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ The tech sell-off may not be over. Here's an options trade to capitalize on the trend—with protection
▼ + stars: | 2024-07-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Nasdaq-100 has seen significant profit taking as many investors have trimmed their exposure to the Mag 7. Volatility and carnage in the Nasdaq should persist causing more sellers to sell tech stocks. Here is an options strategy to profit on this additional plunge in Tech. However, the move ran out of gas into the closing bell, and the QQQ finished back in the red. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Russell, Tesla Organizations: Nasdaq, Nvidia, Meta, Dow, CNBC, NBC UNIVERSAL Locations: Tech

☆ 3 dividend-paying stocks with attractive charts as broader market struggles
▼ + stars: | 2024-07-25 | by ( David Keller | ) www.cnbc.com time to read: +4 min

A subsequent pullback saw the price bounce off that breakout level, which also lined up with the 50-day moving average. This is a sector full of low-volatility, high yielding stocks that have often provided downside protection in down market phases. ES just broke to a new three-month high this week, and the stock features a dividend yield around 4.5%. When the broad market averages take a bearish turn, equity investors are often best served by getting defensive. These three stocks feature improving technical profiles, along with dividend yields well above the average for the S & P 500.

Persons: Philip Morris, BTI, Eversource, we've, David Keller Organizations: American Tobacco PLC, Eversource Energy, Eversource, Nasdaq, CMT, CNBC, NBC UNIVERSAL Locations: U.S, British American

☆ An opportunity may be emerging in this beaten-down potato stock. Using options to capitalize
▼ + stars: | 2024-07-25 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Lamb Weston was the worst-performing stock in the S & P 500 on Wednesday on the back of disappointing quarterly results. The Idaho-based supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants said fully diluted earnings per share fell more than 70% from the year-earlier period. Consequently, the stock price fell over 28% on Wednesday. At ~ 1.2x price to sales, Lamb Weston is the cheapest it has been in the past ten years. Some of that increase is justifiable; the company demonstrated considerably higher operating volatility than they or investors expected, and the debt-to-equity increase as a function of the stock price decline is also a contributor.

Persons: Lamb Weston, they're, Berkshire Hathaway, Charlie Munger Organizations: Berkshire, CNBC, NBC UNIVERSAL Locations: Idaho

☆ 2024 Paris Olympics viewer’s guide: NBC’s plans, Snoop Dogg, and the big ratings question
▼ + stars: | 2024-07-24 | by ( Richard Deitsch | ) www.nytimes.com time to read: +18 min

Follow our Olympics coverage in the lead-up to the Paris Games. The Paris Games will have more programming hours on the NBC broadcast network than any previous Olympics. NBC is upping its celebrity presence for its Olympic coverage in Paris, headlined by Snoop Dogg. “Research shows that it is a challenge to keep viewers after 10 p.m. ET,” NBC Olympics producer Rob Hyland said. NBCUniversal owns the U.S. media rights to the Olympic Games through 2032, so Paris (2024), Milan-Cortina (2026), Los Angeles (2028) and Brisbane (2032).

Persons: Peacock, Molly Solomon, NBC’s, “, ” Solomon, Solomon, Snoop, Snoop Dogg, Christian Petersen, Kelly Clarkson, Peyton Manning, Mike Tirico, Alex Cooper, Leslie Jones, Kevin Hart, Kenan Thompson, Colin Jost, Cooper, Simone Biles, Manning, Ryan Crouser, Jones, Katie Ledecky, Sha’Carri Richardson, Lily Collins, Anna Hall, Ledecky, LeBron James, Sydney McLaughlin, Kelly Campbell, Peacock’s, Scott Hanson, Andrew Siciliano, Jac Collinsworth, Matt Iseman, Akbar Gbajabiamila, ”, Al Michaels, Mark Lazarus, Sanya Richards, Ross, Rowdy Gaines, Tim Daggett, Laurie Hernandez, Samantha Peszek, Misty, Julie Foudy, Dwyane Wade, LaChina Robinson, Michael Phelps, Dan Hicks, Gaines, Maddie Meyer, they’ll, Rob Hyland, Andres Cantor, Rebecca Lowe, Craig Melvin, Ahmed Fareed, Damon Hack, Maria Taylor, Cara Banks, Laura Britt, Trenni Casey, Lindsay Czarniak, Carolyn Manno, Kathryn Tappen, John Roethlisberger, “ John, He’s, …, breaststroker Lilly King wagged, Ryan Murphy, Sunny Choi, Victor Montalvo, Joe Gesue, Ron Vaccaro, NBCU, it’s, NBCUniversal, Rick Cordella, Dan Goldfarb, Stuart Franklin Organizations: Paris, NBC, Paris Games, U.S, Tokyo Olympics, Olympics, NBC Olympics, NBC’s, Getty, NBC Sports, Tokyo Games, Beijing, Games, USA, CNBC, Golf Channel, Telemundo, Universo, NBCOlympics.com, “, ”, NFL, NBCUniversal Media, Paris La Défense, Research, Olympic, Grand Palais, Concorde, NBC Sports ’, Olympic Games, Cortina Locations: Paris, Beijing, Pyeongchang, South Korea, Central, Pacific, U.S, Paris ”, Teahupo’o, Tahiti, Rio de Janeiro, Brazil, China, Rio, Tokyo, Peacock, United States, Versailles, Grand, London, Russian, Norway, South Carolina, Milan, Los Angeles, Brisbane, French

☆ Using options to manage risk heading into Microsoft earnings next week
▼ + stars: | 2024-07-24 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Heading into earnings next week, Microsoft is positioned to continue capitalizing on the growing demand for artificial intelligence and cloud computing services, underscored by the cloud revenue growth reported by Alphabet this week. The company's leading position in the AI and cloud computing makes it a compelling earnings trade for next week. MSFT has recently pulled back to a significant support level at $430, which has previously acted as a resistance. This pullback provides a favorable entry point with reduced downside risk after bouncing off that level this week. Microsoft's relative strength to the S & P 500 and momentum are also positive heading into earnings.

Persons: MSFT, Zhang Organizations: Microsoft, Industry, CNBC, NBC UNIVERSAL Locations: MSFT

☆ This energy giant could soon see a breakout to fresh all-time highs, according to the charts
▼ + stars: | 2024-07-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

XOM is within 7% of its 52-week high of $123.75 from April 12, which also is its all-time high. However, that same volatile trading range since April has become part of a much larger potential bullish pattern — which is best seen on this weekly chart. The area shaded in yellow is the same bullish pattern highlighted above. In other words, a breakout to new highs now finally would help extend the 14-year bullish pattern breakout (2008-2022). The best-case scenario, then, would be seeing XOM breakout on both an absolute and relative basis.

Persons: XOM, It's Organizations: Exxon Mobil, Chevron, CNBC, NBC UNIVERSAL

☆ A look at Spotify’s chart after its post-earnings jump — and where it can go from here
▼ + stars: | 2024-07-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

This reaction is especially encouraging, as it's happening during a tumultuous market environment with lots of geopolitical and domestic political uncertainty. Looking at Spotify, we own it in our growth portfolio at Inside Edge Capital, first adding the position in February 2023. Judging by this post-earnings reaction, I see the stock moving above $400 in coming months. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns SPOT personally and in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Spotify, Netflix, Communication, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ A bullish options bet that will pay off if Tesla and Alphabet rally after earnings
▼ + stars: | 2024-07-23 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Earnings season is heating up, as Tesla and Google-parent Alphabet are set to report their latest results after the bell Tuesday. I'm considering a bullish trade in QQQ for Wednesday — contingent on a positive market reaction to GOOG and TSLA earnings. This allows you to construct a $1 wide bull call spread and risk as little as $50 to make $50 per winning trade. I've suggested a 482-483 call spread because QQQ is trading at 482 as of writing this. If earnings are strong, QQQ will likely gap up and open at a higher price tomorrow.

Persons: QQQ, I've, Nishant Pant Organizations: Google, Nasdaq, CNBC, NBC UNIVERSAL Locations: QQQ

☆ This health-care stock just broke out higher and shows little signs of slowing down, according to charts
▼ + stars: | 2024-07-22 | by ( Katie Stockton | ) www.cnbc.com time to read: +2 min

During earnings season, we can gain value from the charts by judging how stocks react to their reports. We are especially mindful of support and resistance levels, watching for breakouts and breakdowns as technical catalysts. This supports upside follow-through for IQV in the weeks ahead towards resistance from a Fibonacci retracement level near $258. We ultimately expect the stock to retest final resistance, near $285, with a long-term time horizon. Long-term support on the chart is defined by the weekly cloud model, which rises to roughly $215 next month.

Persons: Katie Stockton, Will Tamplin Organizations: IQVIA Holdings, IQV, CNBC, NBC UNIVERSAL Locations: IQV

☆ A 'Trump trade' hedge using options
▼ + stars: | 2024-07-22 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The reason this matters to investors is the so-called Trump trade. The stock market did very well following former President Donald Trump's victory over Hillary Clinton in November 2016, but smaller businesses, in particular, were beneficiaries. When we listen to some of the policy ideas that Trump has discussed, such as measures intended to protect smaller U.S.-based businesses, companies in the small-cap Russell 2000 index stand to benefit. Since the June 27 debate, the Russell 2000 has outperformed the S & P 500 by more than 6 percentage points. So, investors must acknowledge that if Trump's path to victory against Harris or a potential unknown pinch-hitter is less certain, then uncertainty must, by extension, apply to the Trump trade.

Persons: Joe Biden, Biden, Kamala Harris, Donald Trump's, Hillary Clinton, Trump, Russell, Harris, — Organizations: Trump, CNBC, NBC UNIVERSAL Locations: IWM

An update by cybersecurity firm CrowdStrike led to a major outage on Friday, the company told NBC, which impacted businesses globally. CrowdStrike said it is now in the process of rolling back the update that caused the issue. The confirmation came after widespread reports of technical issues across the world. Australian telecom firm Telstra said global issues affecting CrowdStrike and Microsoft were disrupting some of its systems. NBC Universal is also being affected by the CrowdStrike outage.

Persons: CrowdStrike Organizations: NBC, Microsoft, Windows, Airlines, London Stock Exchange, Sky News, CNBC, Comcast, Ryanair, Telstra, NBC Universal Locations: U.S

☆ An options trade on CrowdStrike as shares tank on the outage
▼ + stars: | 2024-07-19 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

From investors to airline travelers, many Americans are being forced to deal with the fallout of this giant IT outage . One-time cybersecurity darling Crowdstrike (CRWD) is getting the blame. CRWD 1D mountain CrowdStrike, 1 day Risk happens fast and for capturing volatility (either to the downside or upside), I prefer to use options to express a view. I want to sell the elevated option premium in CrowdStrike to seek to capitalize on this historic move. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: CNBC, NBC UNIVERSAL

☆ Downside targets to watch for Nvidia, according to the charts
▼ + stars: | 2024-07-18 | by ( David Keller | ) www.cnbc.com time to read: +3 min

It's time to consider downside targets for A.I.-darling Nvidia. The first half of 2024 was all about stocks like Nvidia Corp. (NVDA) riding the A.I. On the short-term chart of NVDA, we can see a series of bearish engulfing patterns in mid-June and again in mid-July. And when the price returned to that price range earlier this month, we saw the same pattern of short-term distribution. This support level also lines up with a 38.2% Fibonacci retracement of the April to June rally phase, and also lines up with the 50-day moving average.

Persons: I'd, David Keller Organizations: A.I, Nvidia Corp, Nvidia, Nasdaq, CMT, CNBC, NBC UNIVERSAL

☆ How to trade Netflix using options ahead of earnings
▼ + stars: | 2024-07-18 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Netflix earnings are out after the bell Thursday. Breaking down Netflix fundamentals Netflix faces much more competition in the streaming industry than it did a few years ago. These concerns were valid, given that Netflix had accumulated over $10 billion in negative cash flow in the decade leading up to the pandemic through December 2019. Over the four fiscal years from 2020 to 2023, Netflix reported over $10 billion in free cash flow, reversing the negative cash flow of the previous decade. These calls, 8% out of the money, traded for $9 each, representing just under 1.4% of the current stock price.

Organizations: Netflix, CNBC, NBC UNIVERSAL

☆ Small-cap ETF poised to break out to all-time high and perhaps beyond, according to the charts
▼ + stars: | 2024-07-17 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

As is clear, that objective is considerably higher than the 2021 peak, which was the last time IWM made a new all-time high. The obvious question then would be this: If IWM does, in fact, make a new all-time high, what happens next? First, notice how well the IWM/SPX relative line performed as it rallied from a key low to a peak since 2011. Conversely, during the three times that IWM has broken out to new highs in absolute terms, the IWM/SPX relative line has declined soon thereafter. In fact, the relative line has been diverging from IWM for 13 years and hasn't made a higher high since 2011.

Persons: Russell, IWM, shouldn't, What's, hasn't, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL Locations: IWM

☆ How to play the pullback in Alphabet, using options to limit your risk during the tech sell-off
▼ + stars: | 2024-07-17 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

The recent pullback in GOOGL's stock price offers an attractive entry point for investors looking to gain exposure to these high-growth areas. We'll review an options strategy to get long exposure while limiting overall risk. GOOGL has recently pulled back slightly within a strong bullish trend, creating an attractive risk reward to seek long exposure. The trade Options on Alphabet Inc. (GOOGL) are not too cheap or expensive based on their implied volatility. To capitalize on the recent pullback and anticipated continued growth, I bought the August 30 $180/$200 Call Vertical for a $7.70 Debit.

Persons: GOOGL Organizations: Inc, YouTube, GOOGL, CNBC, NBC UNIVERSAL

☆ Using 'bear put spreads' to cash in on a stock that's run too far, too fast
▼ + stars: | 2024-07-16 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

I feel like the stock has gone too far, too fast, however, and provide an options trade that wins if the shares pull back. Ross (ROST) has benefited significantly from this trend, with its stock rising by 20% over the past two-and-a-half months. Support and Resistance: Using basic support and resistance concepts, we can identify short-term resistance around the 150 level. With ROST trading around $148.08, my plan is to buy an at-the-money (ATM) put spread. Regardless of ROST's current trading price, my long strike will be set above the current price, and the short strike will be positioned below it.

Persons: ROST, Nishant Pant Organizations: Ross Stores, RSI, CNBC, NBC UNIVERSAL

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