STARBUCKS AFTER HOURS:
The headline: Starbucks (SBUX), The World's Largest Coffee Company Surges After Hours As Quarterly Earnings Jump 18%
The word: Jeff Macke wants to be cautious here. Starbucks hit its number but revenue is weak and the stock is up. That’s a selling opportunity, he says.
NO MORE SLIPPING:
The headline: Crocs (CROX) Rebound to New High As The Shoemaker Jumps 14 Percent After Hours
The word: Eric Bollings, a longtime hater of Crocs admits he was wrong and praises the company’s performance.
THE REFINING TRADE:
The headline: How To Trade Refiners Following Tesoro's (TSO) 7% Plunge On Earnings Thursday
The word: On Monday, Eric says he bought the $120 puts on Tesoro as it traded at $122, because, while he loves the refiners, he thought they were a bit rich. When a stock like Tesoro gets so far ahead of itself, investors should take a profit, he says. He’s bearish on Tesoro right now, but bullish on the sector long term.