here to give us a final look at alcoa ahead of earnings, matt cavanaugh of cmz trading. matt, a lot of anticipation for the earnings on alcoa. what do you see in the charts? - the charts don't look so great for alcoa. they broke a lot of their support levels, and there's really not a lot of good news for them. j.p. morgan cut their earnings estimate, they got their credit rating cut - really a lot of bad news. there is this continuing glut of supply on the market, so expectations aren't too high for alcoa. - right. when you have j.p. morgan coming in and giving a neutral on the stock and a $9 price target just ahead of earnings, not a good sign. are there any entry points to this stock you would watch for post- earnings? - i think the interesting play is actually before earnings. you know, and a lot of this bad news is priced in. pretty much no one is expecting anything good. there's chatter of this company being removed from the dow, which is huge news. so i think that if you take a look at that and say no one is really expecting anything here, the possibility that they

matt cavanaugh of cmz trading joins us for a look at yum! brands, which reported earnings after the close. good morning, and what is your trader's take on the earnings results? - i think it was kind of really as expected for me. yum! has had really lowered expectations. the stock has rallied quite nicely - about 9% this year - while the analysts have taken their earnings estimates down by about 8¢ for this quarter. so, a slight beat, but really nothing too surprising here. - is the stock a buy at current levels, and what would be your strategy? - you know, i think it's a hold. before these earnings came out, my strategy was to sell out-of-the-money put spreads and out-of-the-money call spreads. i think $75 is a resistance and $70 the support, and i think that still holds today. you've got kind of a pull and a push between those areas, and really nothing new. it looks like china is coming back, but a holding pattern for yum! here. - thank you, matt, and have a great trading day. - thank you. time for us to take off for now. coming up tomorro

matt cavanaugh of cmz trading is here now to take a closer look at starbucks and gm. both have earnings today. good morning. - good morning. - let's start with starbucks. this stock actually got a boost of around $1.50 last night after the close. what do you anticipate for it today? - it should be interesting to see how they do. it's a great company, great stock. i think everyone's going to be looking at comparable-store sales, also what they've got going on in asia. people expect them to expand, but this is a stock that's done very well. it's priced expensively. so, unless there's a real blowout, i don't think too much is going to happen, and it looks like the options market agrees with me. - it looks like maybe it's already baked in anyway. we'll have to wait and see on that one. what about general motors? ford had solid numbers. - yeah, ford had a really great quarter. their earnings were up about 50% year-over-year. but gm here is a little bit of a different story. i think people are really expecting good things out of them based on what ford said about the u.s. a