Thus far results from the Q2 earnings season have been better than expected. Yet guidance has been not been as strong as previous quarters. This week our play list is going to see a lot of earnings announcements. I am suggesting readers take some money off the table for a couple of our candidates. Readers may want to consider additional defensive moves as discussed in the play updates section prior to the earnings announcement.
Our play list did see BA get stopped out. CACI doesn't look very healthy. Railroads still have a strong up trend. PEP made the leap from our watch list to our play list although instead of launching new positions in PEP I'd check out KO instead.
There are new stop losses for FISV, MON, SWN, and UNP.
Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.
--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.
Red symbol/name represents a play or option position exited or closed this week.