1. GoDaddy (GDDY) shares dropped over 5% following their earnings report, despite the fact it delivered a ‘triple play’ – it beat on top and bottom line and raised guidance.  For good measure, it also boosted the share buyback plan to $500mm over the next 12 months.

The stock has now dropped to major support near the $65-$68 level, providing a great risk/reward entry point.

Source: StockCharts.com

2.  Match.com (MTCH) controls online dating apps, such as, Match, Tinder, OK Cupid, Plenty of Fish, OurTime and Pairs.  It pretty much owns the space and it, in turn, is majority owned by IAC Interactive (IAC).

The stock had sold-off in May when Facebook announced it may offer an online dating tool.

Shares gapped up following last quarter’s report and it has now pulled back towards that $50 level.

Last night it posted better than expected top and bottom line and maintained guidance of 25% growth through the next fiscal year.

Yet investors chose to throw a “glass of wine” in the company’s face and sell.

With shares down roughly18%, and near support of the $40-$43 level, an investor could buy some longer dated calls in anticipation of a move higher.

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