Don't Underestimate Whole Foods

The market reacted to the Fed decision like a teacher grading a 5,000-word essay by reading the first and last sentences. I still prefer to sit it out immediately after any Fed announcement and give the market an hour to play out before taking action.

Of tonight's earnings, the one I think may be underestimated is Whole Foods (WFM). Options are calling for a move around $3.80 right now, up from $3.65 earlier, but still below my expected $4.30 to $4.70 range, which puts the stock around $51 or $60 from here. Furthermore, I believe any move will become a continuation move, therefore, I want to position for such an event....263 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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