After the Bell:

P -quarterly earnings and estimates (Q4E)- $.02 Quarterly Revenue Estimates (Q4E)-75M. 52 week range of $9.15-$26. Stifel Nicolaus & Co.boosted its rating to a “BUY” from a “HOLD” with a price target of $18. Many analysts believe revenue will increase 50% annually over the next five years. Pandora is not profitable at the moment so there is no PE. However, analysts believe Pandora’s earnings will finally be profitable this year.

By Greg Zimny

Apple closed down 2.15% to $533.55. It is still very much in an uptrend and until $527 breaks, investors shouldn’t have anything to worry about. The SPY gapped down about 30 minutes into trading and made a low at $136.28. It rallied back and closed at $136.81. Last night around 1am Pacific Time; Dow Futures were off 70 points. The Dow only closed down 15 points at the end of the cash session today. The S&P is up over 8% so far this year. The SPY looks like it has broken down from its 12/19/11 – 3/2/12 trend but more time is needed for confirmation. Google was down 1% to $615.08.

Written by Cam Patrick
@Cam_Patrick

Apple shares are under selling pressure as investors are taking profits before the iPad 3 release this Wednesday. From a Retina display rumor to a much better camera rumor, I predict that shares will continue to decline after its iPad 3 release. Ipad3 hype will disappoint in my opinion. An Apple TV and issuing a dividend can really be a positive growth driver in the future for Apple.

VALE- we saw massive Put buying today in all months. This could be against long stock position, therefore, Andrew Keene is staying away.

Arco- or “Arcos Dorados,” Latin America’s largest restaurant chain, reported revenues that increased by 21% YOY. Shares are trading lower by $1.04 or (5.01%) at the $19.73 level. Day’s range is $19.6-$21.2, 52 wk range of $17.62-$29.43.

By Greg Zimny

Chart Glance: MCP passed a major downtrend channel and after confirming a higher-low double bottom, we believe the slowdown in rare earth metals due to the Chinese New Year has finally bottomed. It appears this could be a complex inverted head and shoulders pattern.

50 DMA- $27.67 100 DMA- $30.85 200 DMA- 41.78

Support 1: $24.5 Support 2: $23.05 Support 3: $20.8

Reasons: MCP got flushed from $29-$24 on better than expected earnings. In my opinion, the only negative was their earnings power was going to be in Q1 2013 instead of Q4 2012. As of February 15th, MCP float was 56.9 Million shares, 18.3 Million reported short shares. Any positive news flow and the shorts could be in real trouble. MCP options are extremely liquid as we saw a customer bought 1700 Mar 27 weekly Calls. Implied Vol was up 3% to $54. Also, Morgan Stanley reaffirmed its “overweight” rating on MCP. With MCP near its 52-week lows, and MCP is projecting to increase revenues at more than 50% this year and more than 75% in 2013. Finally, In my opinion, I would start building a position at these levels. I would use hedge-income strategies and start selling a portion of your long position prior to the next earnings report.

Keep an eye out for todays Service ISM number and factory orders.

Monday before the Bell:

ARCO- Quarterly Earnings and Estimates (Q4E)- $.23 and Quarterly Revenue Estimates (Q4E)- $984 Million. Arco is trading in a tight 52 week range between $17.62-$29.5. In my opinion, Arco is still expensive but if they report double digit growth again and provide a positive outlook then the PE will adjust accordingly. However, with the currency related implications, Arco could potentially miss in earnings.

By Greg Zimny

Goldman did an interesting report earlier today that warm weather did boost the economy in the short term. I Wonder what Goldman thinks about high gas prices and potential wage inflation?

WYNN SHARES HALTED! Wynn filed an 8-K report by mistake this morning. Wynn announced details of a second Macau Land contract (reached an agreement on a new 51-acre property.) Shares open up 7 pts or 6%. Day range of $123-$132.59. 52wk range of $101.02-$172.58. In my opinion, traders were caught short and had to cover on the open. Support level 1 looks to be around $120.4 & support level 2 $117. $125 is a critical support level for the Wynn to hold.

Heavy upside OTM call buying in names WFT and Anadarko.

By Greg Zimny

SPDR Gold Trust (GLD), Zynga, Bank of America, H & R Block & in an interview with Andrew Keene: Foot Locker

Euro is trading near session lows at the $1.321 level as Spain forecasts 24% unemployment in 2012. China reportedly was buying Gold a few days ago when a large US fund started dumping during Bernanke’s speech. Dow Jones crossed the 13,000 mark over 50 times in 3 days. Also, Bank of America cut its Q1 GDP forecast from 2.2%-1.8%. Maybe high Gasoline prices are really cramping the consumer. IMF reports that the threat of a major global slowdown has ended as macro numbers are getting better. Big Lots, CTIC, and Overstock are set to report earnings today.