Monday 4 Nov 2019 Morning Notes

Earnings: Yesterday AMC: 
Today BMO: BHC, RACE, S, SYY, UA; 

Other News: PTON reports Wednesday BMO and I can't believe how cheap options are. Seems like they should be pricing in at least a +/- 20% move, currently priced at +/- 13.5% which implies a move of about 8%.

Follow Through Names to Watch: ANET, PINS,   

GAINERS:

WMGI: +30% at 38.60 on acquisition by SYK;
RACE: +6.5% at 172 on earnings;

LOSERS:

NSP: -28% at 77.70 on earnings;

SYK: -3.2% at 206 on acquisition of WMGI:

MCD: -1.7% at 190.60 after CEO is fired for inappropriate relationship with employee; 

FLAT: 

Follow through watch:  

Day before Y'day AMC: ANET, OLN, PINS; AYX, CAR, MELI, CRC, CDNA, 

Yesterday BMO: ABBV, AIG, BABA, CBOE, CL, CVX, LNG, LYB, STX, X, XOM; 

Y'day Other News: BGNE: +30% at 170 on AMGN stake;

FIT: +17% at 7.24 on GOOG buyout at 7.35/share. Odds of a bidding war with Google are extremely low, so I doubt any one else steps in to throw out an offer; ANET: -28% at 175; PINS:-22% at 19.60; FND: -10% at 41; CAR: -9% at 27;

2 days ago AMC: AAPL, ACAD, APA, CF, CLR, CREE, CRUS, CTSH, FB, LYFT, MET, MGM, OLED, SBUX, SPWR, TWLO, VRTX, WDC, WMB;

2 days ago BMO: ADM, AKRX, AMT, APO, BMY, CI, CLX, DD, FLR, HFC, IP, KHC, LITE, MO, MPC, W, YETI; 

2 Day Old News: 

TT Track of the Day: Cher - turn back time