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Chris Lau

Pre-Weekend Celebrations and Trading Ideas

Action List for the Pre-weekend, Friday, October 11, 2019

Delta Airlines $DAL was of 17% from 52-week highs and down ~4% on the day. P/E is now 8 times. The company issued a light guidance. Revenue rose 2.5% Y/Y but Q4 EPS may come in light to as low as $1.20. Analysts expected $1.50-$1.51.

Pre-tax margin of 10% is industry-leading. Buy.

$ACB fell by over 5%. $CTST is a dog. $TLRY sub $20 next and bankruptcy after that. $HEXO’s CFO is out and the company expects weak results due to oversupply and weak demand.

The cannabis bubble is over.

$ACB, $CGC may stand a chance. Wait and see.

If you want to own auto, would you buy a $F Ford?

Short-selling $SNAP played out. Keep going it. $10 next? Accumulate $FB and $TWTR on weakness.

Trade war? It’s on and will stay on. Some delays and concessions of any time, big or small, is apparently enough to send the market to new highs. Therefore buy and sell $SPY.

What are your moves? Are you buying or selling?


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