Alibaba Group Holding announced disappointing numbers and the market has turned its back on them. They have since retreated back to $90/share from a high of $120/share. Is this an opportunity to pick up more shares?
Chipotle Mexican Grill missed guidance in their earnings report. Share price dropped dramatically from its highs of $728 to $673 (-6%). I opened a bull put spread earlier this week for $655/$650 expiring Friday, Feb 6th. If CMG holds above $655, I will stand to profit $140 less commission. I am trying close this earlier to avoid any surprises for tomorrow. Update: Closed position for 20c debit @ Feb 5th.
Costco announced a special one time dividend payout of $5 per share. Stock is up 8% since announcement from Jan 30th and holding.
Disney also reported earning this week with great magical numbers. Stock jumped 7% last couple days.
Oil is up from last week boosting my overall stock portfolio.
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