Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SNDK probably okay to 55 but I don't think today (still like QCOM better but we are already long QCOM anyhow) here is how I'd play SNDK. SNDK has really taken a beating and I've watched traders call bases at 55 and 60 only to have them cave in. 50 was our target we got 48.41 but didn't sell the March 55's until the 3 day 'rally' pulled back to just under 50 from 53.65. Besides holding a boatload of earnings plays like NVDA, HPQ, ADI etc. Time to take positions in the long suffering CI, CLX puts, CMCSA already posted earlier (50% GRMN puts) We had enough upside in those puts. Still strong downside in restaurant sector with PFCB our earnings play still heading for lows of the session.