February's Earnings Spotlight and Portfolio Updates
The first week of February is packed with significant earnings reports. I'm particularly watching PLTR, PYPL, AMD, GOOGL, DIS, UBER, ARM, QCOM, MSTR, LLY, FTNT, NET, TTWO, and AMZN. For a broader view, see the image below for additional companies on my radar.
If you need access to the Excel sheet for earnings, here it is.
Portfolio Updates:
HIMS: This stock has broken out to all-time highs. I've been playing this since November as a potential long-term valuation play, buying dips and selling into rallies. With the current pop, I'm taking some profits at the $40 level for a 100% gain on shares bought in November. I'll continue to buy on dips but aim to be mostly out by the earnings release on February 24th. After reviewing earnings, I'll decide whether to re-enter.
VFC: Following last week's earnings, this remains one of my value plays. The results were positive, and CEO Bracken Darrell's "Reinvent" turnaround program is working. My initial investment was at $13 in November 2023, with additional buys at lows around $11 in May/June 2024. We hit a high of $29.02 last week, allowing me to sell a large portion at around $28.50. I'll keep a small position as a trailer, believing there's more room to grow, especially with Stifel raising their price target to $35. However, VANS needs a revival for me to hold above $35.
INTC: Intel has been trading sideways for about five months, which has enabled me to sell puts around $19-20 and calls against $23-25. My cost basis is now $22-23. This is a 4-5 year plan, and I'm not expecting significant movement in the next 12 months.
BABA: After pushing above $100, I took profits on long-term options for over 100%, essentially making these options free. I plan to reinvest those gains into more BABA shares, humorously setting a personal rule to buy more each time someone mentions tariffs on China.
ASML: I've recently started a position, taking advantage of a buying opportunity provided by DeepSeek. Earnings were satisfactory, but this is a 12-36 month hold.
C: Initiated a long-term position in September 2023 with a cost basis around $40. The stock recently went above $80, giving me another 100% winner. I'm keeping a small portion as a runner, believing there's still room for growth.
CCI: I added more to my portfolio, willing to hold for 12-24 months. This investment will benefit from lower interest rates.
Potential Long-term Additions:
I'm researching ALB, CE, DG, SLB, and HRL for possible long-term investments.
Focus for the Upcoming Week:
Earnings Winners: Companies like NFLX, META, TEAM, RCL, IBM, TWLO, and GE had good earnings or news. Use an anchored VWAP from the day of earnings for trading, watching for movements above or below this VWAP but be cautious if it breaks the Value Area Low (VAL) of that zone. NFLX is also an ICBD within an ICBW.
TSLA: I will play the rev strat on the weekly if it goes over $418, expecting a move back to recent highs.
VRTX: With the approval of Journavx pain meds, although I'm not familiar with the drug's effectiveness, I'll play the price action as a second-day play.
TTM Squeezes:
APP – 195M squeeze with a long signal on the daily chart.
IBIT – 195M squeeze pulling back to the 34 EMA.
WIX – 195M squeeze ahead of earnings.
BSX – with a 78M squeeze.
The Strat:
I am watching the below inside weekly and monthly
I have given you a lot of ideas, I will not play all of them, but they are all possibilities. Find the ones you like best and focus on those. My main focus will be on earnings winners for this week as well as the ones from previous weeks.
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