Three stocks floated across my desk this weekend for possible actions next week
- WELL (Welltower)
- I lost 200 shares this month due to an open Call sell at $60. Still own more than that, but …
- The senior healthcare housing market is a tough segment right now
- WELL is my top selection amongst the group – above OHI and VTR for sure imho
- Earnings call was interesting – especially the specific questions (in the QA) and management’s characterization of ‘bouncing around the bottom’
- The situation appears as if management is positive looking forward (tough times, we’re bouncing at the bottom and we’re making the right plans), but analysts are highly skeptical
- If stock drops below $60 without a varying narrative, I will look to add more
- Earnings call https://seekingalpha.com/article/4191416
- UA (Under Armour)
- I shorted this recently and still own a couple of Oct 20 Puts
- There were three SA articles on UA this week that offer contrary points – way more bullish than I.
- Brian Gilmartin’s assessment i found the most valuable – he both sees a longer turn-around timeline as well as possible drop to $18-17 – that’s enough of a short for my swing objective https://seekingalpha.com/article/4190289
- Positive post 1 – https://seekingalpha.com/article/4191601
- positive post 2 – https://seekingalpha.com/article/4191709
- HBAN (Huntington Bancshares)
- I owned Oct 15 calls – sold most of them
- There were some interesting points management brought out in the earnings call and this post highlights them well
- This could be a decent EOY ’18 swing trade, but i would like an entry point below $15.25 – if the current breakout above RL2 continues — too late (want a short pullback before opening additional positions)
- https://seekingalpha.com/article/4191622