Stocks in Play - February 6th 2025

TLDR Stocks in Play: PTON, COHR, RBLX

Welcome to today's Stocks in Play report. Below are the key stocks to watch, along with brief x-ray and analysis.

If you find this Newsletter helpful and ever want to say thank you then feel free to Buy Me a Coffee. It’ll inspire me to work faster….

1) Coherent Corp (COHR) (Rating: B, Multi-Day)

Industry Group: Electronic Technology, Market Cap: $13.92b, Float: 150m, Short Interest: 4%, Days to Cover: 2, Exchange: NYSE

Catalyst: Strong Beat on EPS ($0.95 vs est. $0.69), Solid Beat on Revs. Revs Growing 27% YoY. Guide Inline/Beat - The Range is pretty wide but it’s on the upper end. Plenty of room to run. Sitting at $100 Pre Market. Looks like a good delayed reaction candidate.

2) Peloton (PTON) (Rating: B+, Multi-Day)

Industry Group: Consumer Cyclical, Market Cap: $3.25b, Float: 340m, Short Interest: 17%, Days to Cover: 4.5, Exchange: NASDAQ

Catalyst: Slight miss on EPS (-$0.24 vs est. -$0.18), Reasonable Revs Beat, Revs Guide Broadly in line. Beat on important KPI - Paid Subs & EBITDA. Full Year Guide Increased. Big EBITDA Beat. Solid report on this fallen soldier. Chart has plenty of room to move. Potential Multi Day move here. Notable high short interest but not a low float.

Honorable Mention to: RBLX - Getting whacked this morning after earnings. The stock has been on a run so seems to have gotten ahead of itself. Beat on Revs.. DAUs is an important metric that they missed on + slight Bookings miss. Negative 20% pre market to $60. I think there is more room to bleed but there may be a decent bounce trade here today. Alternatively there is likely a short on a pop if that’s what floats your boat!

Market Awareness

No Market outlook today as I am not trading myself. Originally wasn’t going to send out today but got a half hour and wanted to make it for the sake of consistency. There will be (probably!) no newsletter tomorrow as I have some family matters to take care of. All good just an unexpected problem this week!

After Hours I’m Watching: AMZN, AFRM, NET, PINS, FTNT (Earnings)

Have a Great Weekend!

Top Pick Watchlists:

• Top Picks - November 2024

  • LONG: ALAB, HNST, SNOW, ESTC, RKLB, SMTC, URBN, PLTR, GAP, TSLA, SE, RDDT

• Top Picks - December 2024 

  • LONG: CRDO, MRVL, OKTA, FIVE, RBRK, AVGO

• Top Picks - January 2025 

  • LONG: CEG, FUBO, BLK, GE

• Top Picks - February 2025 

  • LONG: MAT

Sources & Services I Use in my Trading:

• Finviz - Short Interest, Float, Articles, Fundamentals (Free)

• Benzinga Pro - News Source + News Squawk + Earnings Data (Paid)

• Tradingview - Charting & Scanning (Paid)

• Koyfin - Fundamental Data (Paid)

• EarningsWhispers - Earnings Calendar (Free)

• Tradersync - Trade Journal (Paid)

_{PS: There are many ways to trade stocks in play. It does not have to be the one that keeps going straight up and sometimes it doesn’t even have to be day one of the catalyst. Everyone must find a setup, timeframe and method that works for them. This list is supposed to educate on the criteria I use and the methods in which I find Stocks in Play. Yours may differ and that is completely okay.}