History Says This Stock Could Fly Around Earnings

It was Money Calendar Monday on the Money Morning LIVE show, and I told my colleague Olivia Voz that my Top 5 stocks for the week look similar to last week’s.

Based on historical seasonality, it’s been a good time of the year to be long Blackrock (BLK), Lam Research (LRCX), Boeing (BA), AutoZone (AZO), and Cigna (CI).


Boeing stands out because the aircraft titan reports quarterly earnings before the open this Wednesday, Oct. 27.

Does this mean BA shares will soar after earnings? No, of course not — no one can predict that.

But I’m obviously a guy who loves my patterns, and this stock certainly shows a historical proclivity for rallying this time of year.

Shifting gears… The only thing hotter than earnings lately has been crypto.

The Bitcoin News No One is Talking About

The Bitcoin-related exchange-traded funds (ETFs) hitting the markets have made lots of headlines lately, but the news no one is talking about is Walmart (WMT) and the Bitcoin (BTC) ATMs in their stores.

Walmart has partnered with Coinstar for this venture, and plans to roll out 8,000 ATM units in the near future… which could start a trend.

We could begin seeing these in every Target (TGT) and 7-11 soon, too, which could mean higher BTC prices.

It seems to be just about the best time ever to be a crypto trader right now.

I’ll discuss this more in-depth at 9:30 a.m. ET this Thursday, but understand that we’re on the verge of mass adoption, and this whole sector is on the cusp of exponential growth.

Nevertheless, it looks like some option traders last week picked up an unusually high number of bearish bets on Coinbase Global (COIN), which operates crypto exchanges.

COIN appeared on our Unusually High Put Option Volume list from the Morning Report tool in the TG Suite.

The stock’s $260-strike put expiring Dec. 17 saw notable volume.


Buyers of the puts are either betting on or hedging against a drop below $260 by December options expiration.

COIN shares jumped recently on word of an NBA partnership with Coinbase, popping back above the $300 level late last week.

If the buyers of these puts also own COIN shares, they may be locking in profits by purchasing protective put options at the out-of-the-money $260-strike.

That’s all for now, but make sure you’re in the room at 9:30 a.m. ET right here EVERY DAY — including today!

Talk soon,

Tom Gentile

One Response to “History Says This Stock Could Fly Around Earnings”

  1. Domenick Fugarino

    Strikes against me. PST=3 hours different, from EST, wife bedridden, age 83 Computers not my best skill, and not up to speed, and ability for all your fancy foot work , trying to follow you in a maze is so time consuming(and impossible), joined long ago , thinking the predictable month thing would be a snap not so easy.

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