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Benzinga
Benzinga
Business
Craig Jones

How Markets Are Playing CVS Health, T-Mobile US

On CNBC's "Options Action," Carter Worth said CVS Health Corp (NYSE:CVS) “acts poorly going into earnings.” He added, “If you’re long, we’ll take measures. If you’re a short seller, we’d hit it.”

Shares of CVS Health tanked almost 5% on Friday, ahead of the company’s earnings release, which is scheduled for May 4. Mike Khouw of Optimize Advisors said, “Put spreads in CVS going into earnings.”

Also Read: DZ Bank Downgrades Verizon Communications to Sell, Announces $44 Price Target

Check out stocks moving ahead of earnings in the premarket.

Tony Zhang recommended to “play for a bounce” in T-Mobile US Inc (NASDAQ:TMUS). Shares of T-Mobile US lost almost 7% to settle at $123.14 on Friday.

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