3:25 p.m. New York time

In my managed shares portfolio, EWM moved to a sell signal on the directional movement indicator and I exited, replacing it with XLP, consumer staples.

sym	slot #	entry $/share	sector
BOTZ	1	19.32	robotics
CANE	2	6.55	commodity-sugar
XLP	3	60.66	consumer staples
UNG	4	19.17	energy
UAE	5	14.18	int-uae

1:55 p.m. New York time

Looking ahead to the next potential earnings plays, I have three highly liquid prospects on the list.

• DRI, trade today today, is a pass. It has a 53% buy rating from Morningstar, but only three stars, one start short of my standard. It has a neutral 3 rank from Zacks, with a negative earnings surprise predictor of -1.30.
• INFO, trade date Sept. 24, is also a pass, with a 59% buy rating from Morningstar but only two stars. Zacks gives it a neutral 3 rank and no surprise on the ESP (0.0%)
• NKE, trade date Sept. 24, is a candidate for a paper trade. It has a buy rank of 75% and four stars from Morningstar, which are excellent, but a bearish 4 rank from Zacks, despite a +2.82% ESP. Again, paper only. I want to see what that ESP produces on the chart with these very mixed metrics.

11:25 a.m. New York time

I’ve updated my FDX paper-trade analysis with results.

10 a.m. New York time

XOP returned to its profit zone this morning, barely, and is no longer considered to be an at-risk trade.

FDX, as expected, dropped sharply after the company failed to meet analysts’ consensus forecast. My shares paper trade fell and I, hypothetically, exited the position for a loss. The paper options position remains within the profit zone, meaning it can be expected to be profitable at expiration. I shall update the paper trade analysis later this morning.

By Tim Bovee, Portland, Oregon, September 18, 2019

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.