Market Overview

July 25th Watchlist

Related BIDU
Early Global News: Judge Dismisses Yelp Lawsuit, Boston Scientific Recall, Brazil Suing BHP & Vale
This Chinese Internet Portfolio Surged 6X More Than The S&P 500 Over The Past Month
The Vetr community has downgraded $BIDU to 3-Stars (Vetr)

Markets are negative this morning despite several upbeat earnings reports from Baidu (NASDAQ: BIDU), Visa (NYSE: V), F5 Networks (NASDAQ: FFIV), & Facebook (NASDAQ: FB). Facebook surprised the street as well as the options markets after issuing a 62% jump in revenues. The OTM weekly calls were trading pennies last night and will be providing upwards of 2000% gains off the open.

Major newswires are citing global fears as the reason for the recent bearishness. China announced further stimulus which didn’t do much to stimulate the Asian markets last night. Jobless Claims came out at 8:30 AM showing a slight increase in the number of claims but futures haven’t reacted much off the news.

Lots of earnings reports to sift through this morning guys so make sure you do your homework and find the ones that have reacted significantly during the afterhours session. This will help you build your watchlist of what you want to trade in the next few sessions. Starbucks and Amazon are reporting afterhours.

I’m currently long a shit ton of call contracts in Apple and lamenting the fact I don’t have the same position in Facebook!


The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Options Markets Trading Ideas


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