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Stock Opinions by Jon Nagerian, Co-founder, MarketRebellion.com

COMMENT
He targets 4,200 on the S&P on this technical bounce. Not sure if it will break through that because of hot inflation, natural gas soaring and sanctions over the Russian war are biting Europeans. China could open back as those consumer spend after lockdowns, which is what happened here, but maybe not. So, earnings could be revised lower.
Unknown
BUY
Are expanding into retail banking in Germany, just announced. They can expand even as peers are not. A big fan of the CEO and his team. Owns no other banks.
Financial Services
BUY on WEAKNESS
Are spectacular buys in the tech space, even pandemic tech winners like Docusign. It just reported a surprise beat and shares are soaring. Post-Covid, it sold off hard and fast, but they still had a business going. Buy during sell-offs.
Technology
BUY
Disney vs. Netflix Disney--it has more levers to pull. ESPN will benefit as we enter college and pro football seasons. These will be significant drivers as audiences watch them again. Also, Disney reports their theme parks and hotels are very close to sold out. Amazon has free streaming and Netflix is trying to get an ad-supported system so this limits Disney+ rate increases. So, look past the streaming business and focus on Disney's bigger revenue generators.
entertainment services
BUY
options Wendy's is seeing huge calls, from 20,000 last month to 40,000 today at just one strike on Nov. 20. The stock and calls are moving higher. He bought calls. He bought and will upside calls against them as it rallies.
food services
BUY
options He bought calls, next Friday expiration calls, trading at $10.68. They bought 12,000 of these, equivalent to 1.2 million--a big trade. He bought and will upside calls against them as it rallies.
Technology
BUY
options It's the big China ETF. They bought 10,000 December $33 calls. It's now $29.30. This is a big bet. He bought and will upside calls against them as it rallies.
E.T.F.'s
BUY
options They bought 3,000 October calls at the $80 strike with shares trading at $77.50. He bought and will upside calls against them as it rallies.
misc consumer products
BUY
options Entertainment and e-commerce in Latin America. This was trading around $63. They were buying the Sept. 23 expiring $70 calls. He bought $65 strikes in order to sell upside calls against it if it rallies.
communications / media
SELL
In recent weeks, he has sold 80% of his Netflix shares. He finally got back to above water from a horrible purchase at $219 from collecting a lot of premiums, call sales against it. Freevee on Amazon US is category-killer. Netflix is not ready to get there as quickly as they need. Also, they need a sales force to execute the ad-supported business model. He doubts they are ready. He prefers to shift his money into Amazon, which he was buying yesterday at $102-103.
Unknown
BUY
In recent weeks, he has sold 80% of his Netflix shares. He finally got back to above water from a horrible purchase at $219 from collecting a lot of premiums, call sales against it. Freevee on Amazon US is category-killer. Netflix is not ready to get there as quickly as they need. Also, they need a sales force to execute the ad-supported business model. He doubts they are ready. He prefers to shift his money into Amazon, which he was buying yesterday at $102-103.
specialty stores
SELL
He sold 20 positions and now has his highest cash position (over 60%) since 2008. The reason is that he doesn't know what will happen with the economy and is bracing for a big decline if that happens. If so, he will buy back these shares at a lot lower price. He sold Gap, among others. He often gets Gap emails touting 60-70% off. He sold many retailers, because he expects them to slash prices to move inventory. Higher interest rates are another worry.
specialty stores
COMMENT
options Options expire this Friday. The name change hasn't helped. Today, the market is buying the $155 puts. The stock was at $164 at the time. He's in the puts.
0
COMMENT
options The market is buying the June $76.50 calls around $74.00 and change. He's in the calls here.
E.T.F.'s
COMMENT
He has sold most of his stocks to take option positions, totalling $2.5 million. between now and June. He has only 1.5 months to participate in the market. Do I go back into those names as stocks or not? Energy, he expects to go much higher when China returns online. The VIX is hitting highs today, so there could be a bottom soon. After breaking 4,100 on the S&P today, could 3,800 be the next level?
Unknown
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