Regular readers know we have been skeptical of bullish calls over the last couple years relating to a supposed refresh cycles for PCs. It is our belief ( as well as many much smarter than …
Continue readingEvent: Nike (NKE) is scheduled to report is fiscal Q1 earnings tomorrow after the close. The options market is implying about a 4.3% one day move on Friday, which is shy of its 4 qtr …
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Cyber security software vendor FireEye (FEYE) has had a fairly controversial run as a publicly traded company. Since its September 2013 IPO at $20, the stock is up nearly 80% vs the S&P 500 up 18% …
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Up until yesterday’s weak data on existing home sales, and the reversal of many homebuilders in the last couple trading sessions, housing in the U.S. is perceived to be one of the brightspots in an otherwise mediocre, slow …
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On a few occasions this year we have expressed bearish views in PC-centric semiconductors with Intel (INTC) and Micron (MU) as our favorite targets (here, here & here). The Philadelphia Semiconductor Index (SOX) is down 13.5% on …
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When market participants lack confidence in the underpinnings of the investment environment they quickly turn to technical analysis as their main trading input (there are some traditionalists with a long timer horizon that still view …
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Last night’s PrimeTime Emmy Awards reinforced a popular notion that network TV is toast, and cable and streaming services, for now have an unflinching hold on the highest quality content. HBO has been dominating awards …
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In a great interview with the Financial Times, John Burbank of multi-strategy hedge fund Passport Capital this morning explains the reasoning behind his firms large wagers against commodities and emerging markets: Mr Burbank said years of QE had …
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On Thursday (here) we took a quick look at the recent performance in the U.S. retail sector, with the following observation: To say that it’s been a stock-pickers market in the retail space in 2015 …
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The VIX has been on a roller coaster the past few weeks, spiking as high as 50 on August 24th and then settling back near historical means with the slow creep higher in the SPX …
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