Starbucks (SBUX) Soars on Revenue Beat

Starbucks (SBUX) shares closed Thursday's session at $49.43, up $1.10, and are surging another 4% to $51.55 in extended trading. The company reported earnings of $0.33 a share that matched estimates but the surprise was in revenue of $4.6 billion that topped expectations for $4.5 billion.

The May 50 calls (SBUX150515C00050000) closed at 95 cents, up 45 cents, and attracted heavy call buying today. There were over 6,000 contracts that traded and open interest is over 11,000 contracts. These calls doubled on today's move higher and could double again on Friday.

McDonald’s (MCD) Pushes $100

Shares of McDonald's (MCD) are within spitting distance of $100 and are up $4.20 to $99.07 following this morning earnings release. We recommended going long the May 95 calls (MCD150515C00095000) ahead of the news and it's been a big payday for our subscribers.

Chipotle Mexican Grill (CMG) Misses Revenue Numbers

Shares of Chipotle Mexican Grill (CMG) closed at $692.52, up $5.59 on Tuesday but were down $37 to $655 in extended trading. The company beat estimates by $0.22 per share, $3.88 versus $3.66, but missed on revenue forecasts after posting $1.09 billion versus estimates for $1.11 billion.

Continue reading...

Broadcom (BRCM) Beats Estimates

Broadcom (BRCM) reported earnings after Tuesday’s close of $0.64 per share on first-quarter revenue of $2.06 billion. Wall Street was expecting $0.60 share/ $2.01 billion. Shares closed at $11.90, up $0.06, or 0.5% and were flat in extended trading. The May 12 calls (BRCM150515C00012000) closed at $0.30, up $0.05, and can be used to play […]

Continue reading...

IBM Shares Slightly Lower On Revenue Miss

International Business Machines (IBM) shares made a run at $170 shortly after the closing bell following a 9-cent earnings beat. The stock closed at $166.16, up $5.49, or 3.42%, to finish Monday’s session but the after-hours gains have faded with shares at $165.76, down $0.40. The company reported a profit of $2.91 a share on […]

Continue reading...

Halliburton (HAL) Stock Pops 4% On Earnings Beat

Halliburton (HAL) stock is approaching $49 and is currently at $48.90, up $3.01, on this morning’s open. The 4% gain can be attributed to earnings which showed a profit of $0.49 a share on revenue of $7.05 billion. Analysts were expecting $0.37/ $7 billion.

Continue reading...