Stock market volumes were anemic once again, even with the debacle surrounding the ISM release, which had to be revised midday after a faulty release at the scheduled 10:00 am release time. Options volumes were …
Continue readingGuidwire (GWRE) software reports tonight after the close. The options market is implying a one day move of about 7.5% which is a tad rich to the 5.5% average over the last 4 qtrs. This …
Continue readingCitigroup has been one of the worst-performing bank stocks over the past year, down more than 10% in that period. The stock has been range bound since last summer, though it has held the $45 …
Continue readingPfizer’s attempt to buy AstraZeneca over the last 6 weeks has been a total failure. As the saga progressed, the real question in my mind shifted from all the political wrangling and negotiation to why Pfizer seemed …
Continue readingAfter the close Friday the newswires reported that the FBI was in the process of investigating legendary hedge fund investor Carl Icahn, a famed Las Vegas gambler and of all people, pro golfer Phil Mickelson …
Continue readingA much busier calendar this week than much of the past month. Globally, the most closely watched event will be the ECB meeting on Thursday. Most market participants are expecting a rate cut after Draghi …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was May 27th – May 30th:
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