Option action traders, Carter Worth, Dan Nathan and Michael Khouw talked on CNBC about the stocks that they might keep an eye on in the next week. They talked about Netflix, Inc. (NASDAQ:NFLX), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) and Boeing Co (NYSE:BA).
Netflix, Inc. (NASDAQ:NFLX) had a very good 2014 till October. During this period, the stock prices went up by more than 20%. Post October, the share prices started dropping and the company has lost more than 25% value since then. But analysts at Cantor Fitzgerald have upgraded the Netflix, Inc. (NASDAQ:NFLX) stock to a ‘buy’ rating.
Worth thinks that Netflix, Inc. (NASDAQ:NFLX) stock has been a great win for investor over the past 4-5 years and he feels that I has again started rolling over.
“It has been a great win over last four, five years. Looks to be rolling over,” Worth said.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has gained more than 18% in 2014. The QQQ stock saw a small slump from the first week of December, but has against started moving up on Thursday. Dan Nathan talked about this stock and said that he is looking after February Put butterfly on PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) stock.
“Looking after February QQQ put butterfly,” Nathan said.
Boeing Co (NYSE:BA) had a roller coaster 2014, with share prices moving up and down throughout the year. After its recent slump in the month of December, the share prices started moving up in the last week. Khouw said that Boeing Co (NYSE:BA) calls is his option for next week.
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