Pure Storage (PSTG) Making IPO Debut

Shares of Pure Storage (PSTG) are expected to be offered at an IPO (initial public offering) price of $17 a share on Wednesday.

The deal would value the offering at a total of $425 million. The expected price range was between $16-$18 so Wall Street split the middle. The company competes in the flash storage market where competition is tough.

We would wait a few weeks until the dust settle before jumping into the fray

Container Store Group (TCS) Misses By a Penny

Shares of Container Store Group (TCS) ended Monday's trading day at $15.57, up $0.43, or 2.84%. After the close, the company reported a profit of $0.06 per share on revenue of $195.5 million. Expectations were for a profit of $0.07 per shares on sales of $197.7 million.

Shares were down 12% to $13.72, down $1.85, tonight in extended trading following the news.

Bearish traders that bought the October 15 puts (TCS151016P00015000) for 90 cents today could double their money of shares fall towards $13. Volume was over 2,000 contracts traded so traders took positions for a weak report.

Dunkin’ Brands Group (DNKN) Shares Tank 12%, Put Options Surge 586%

Shares of Dunkin’ Brands Group (DNKN) closed at $43 today, down $6, following a disappointing earnings update and lowered guidance. The company hosted an investor meeting and said 2015 earnings would come in at $1.87-$1.91 per share. Wall Street had forecasted a profit of $1.92 for the year. Dunkin’ also gave revenue guidance of 6%-8% […]

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Profits Taken on PowerShares QQQ Trust (QQQ) Trade

The PowerShares QQQ Trust (QQQ) rebounded on Wednesday to crack $100 again. The QQQ’s closed at $101.76, up $2.29, but we locked-in a triple-digit winner despite the rebound. We took half profits on Tuesday’s plunge to $98.75 and we were stopped out on yesterday’s rebound. Regardless, our subscribers locked-in another 100% return in just 3 […]

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Dow Holds 16,000/ Profits Taken in Jabil Circuit (JBL)

The Dow fell over 300 points on Monday to end a point above 16,000. The index traded to a low of 15,981 but our subscribers made 300% despite the slight pullback in Jabil Circuit (JBL). We advised our members to get long JBL at $19 last week and ahead of earnings. Shares zoomed to a […]

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Breaking News: Nike (NKE) Smashes Earnings, Shares Clear $123

Nike (NKE) reported first quarter earnings of $1.34 a share on revenue of $8.4 billion. Analysts were looking for $1.19 a share on sales of $8.22 billion. Shares were zooming 8% in extended trading and were at $123, up $8.21. We profiled a possible bullish grade with the Nike October 115 calls (NKE151016C00115000) and they […]

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