Option Action Traders Carter Worth, Dan Nathan and Michael Khouw discussed about the stocks to watch in the next week. In CNBC’s ‘Final Call’ the option action traders picked the stock to watch next week, which includes big names like Starbucks Corporation (NASDAQ:SBUX), General Electric Company (NYSE:GE) and Apple Inc. (NASDAQ:AAPL).
Starbucks Corporation (NASDAQ:SBUX) revealed a 5-year plan on Thursday, which displayed the company’s intent to accelerate growth. Starbucks Corporation (NASDAQ:SBUX) also launched its first of the 100 ‘Roastery Café’ in Seattle. These events pushed the stock price up on Friday by around 3%. This is also the 52 week high for the Starbucks Corporation (NADSAQ:SBUX) stock.
Due to these activities around the company, Carter Worth mentioned that he will be keeping his eye on Starbucks Corporation (NASDAQ:SBUX) stock.
“Go to Starbucks [..] and buy some stock,” Worth said.
General Electric Company (NYSE:GE) has become a research report for a number of analysts in the past few weeks. RBC Capital also initiated the coverage on General Electric Company (NYSE:GE) and set an “Outperform” rating and a $30 price target on GE stock. Many investors also purchased GE stocks on Friday due to the weakness in the stock. Dan Nathan mentioned the he will keep an eye on General Electric Company (NYSE:GE) stock.
Apple Inc. (NASDAQ:AAPL) on the other hand has dropped around 6% in a 2 minute window on Monday, which later recovered and recorded a loss of around 3.5% for the week. This has prompted many investors to look for some alternatives with share replacements or share overriding options. Michael Khouw however pointed out that Apple Inc. (NASDAQ:AAPL) is taking a breather though and he is planning to keep his eye on Apple Inc. (NASDAQ:AAPL).
“The stocks that are taking a breather like Apple. You can look at overriding,” Khouw said.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.