Best Idea For The Week Ahead & Earnings Preview

There aren’t alot of earnings of note this week so I was going to roll everything into one post this week. After the best idea you will see all the options flows for the names reporting this week.

As we move into a more defensive positioning in the market, my best idea this week needed to be a name from one of the four sectors I highlighted yesterday as being areas of strength at the moment: XLV,XLY,XLI, and XLE. So I looked over all the top components in each and there are just so many high quality names in these groups that generate alot of money.

It was hard to come up with just one name because there were so many good ones but I tried hard to find a large cap with unusual options flow that stood out to me. I always try to highlight good names you can just add to your book and hold onto for a few months at least if you choose not to play options. This being $100b+ co that pays a nice dividend is definitely one you can tuck away for the long term.