CAT – looking good

Long @ $91.43 — After reading their blowout quarterly numbers the stock has another 15-20 percent on the upside.  The last quarter EPS of $1.71 was $0.07 higher than the consensus estimate of $1.64. Its revenue of $15.7 billion was also higher than the consensus estimate. The management also raised its full year revenue guidance to $54 – $56 billion.  The largest spikes in call options is at the $110 level and I think it gets there by the end of this year.  Short term $94.40.  Long term $115.  Use an $89.25 stop loss on this trade

This entry was posted in Facebook, picks, Stocks. Bookmark the permalink.

Comments are closed.