Going to the MAT
This is still the teaser time in earnings season. There are enough reports to get us a little interested. Just enough information to get us to peek -- but not enough yet to peak our interest. This week should start to change all of that. Tomorrow big hitter Goldman Sachs (GS) is set to step to the plate. That will keep many pundits busy all day, but I also expect we'll see some volatility in names such as Domino's Pizza (DPZ)and Mattel (MAT). I think both make intriguing plays, but I'm drawn to MAT.
Having three kids, I have plenty of long exposure already to MAT in my home, but that doesn't necessarily make this one a long into earnings. Actually, I think traders are not quite sure which way MAT is headed and that is something I do love. MAT has been forming a long, somewhat wide wedge, but that seems to play out well for volatility traders into earnings. The last several reports have produced good sized moves, even larger than what options are currently pricing into shares of MAT. On the downside, I believe $32.75-$33 is possible while the upside is $39-40....168 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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