Back on March 9th we took a look at the underperformance of Consumer Staples stocks, but specifically focused on Philip Morris International (PM), suggesting: The recent rise in interest rates clearly have stocks like PM, …
Continue readingA little more than 10% of the S&P 500 (SPX) have reported Q1 earnings over the last week, in which time the index has had an upward bias rallying nearly 3%, and up about 6% …
Continue readingYesterday we preview Netflix’s (NFLX) q1 earnings and detailed two trade ideas for those long the stock. One added leverage for a move higher in line with the implied move higher, the other was a …
Continue readingIBM reports Q1 results tonight after the close. The options market is implying about a 4% one day move tomorrow which is below its four-quarter average of about 5%. IBM, up 5% on the year …
Continue readingNetflix (NFLX) will report their Q1 earnings tonight after the close. The options market is implying about a 9% move in either direction, which is rich to its 7% average one day move over the …
Continue readingLast night on CNBC’s Closing Bell I was asked my opinion on Boeing (BA), and react to Citibank’s industrial analyst’s comments that morning on the stock, per theFly.com: Citi analyst Jonathan Raviv sees a path …
Continue readingFacebook (FB) CEO Mark Zuckerberg’s two appearances in front of Congress this week sucked nearly all of the air out of financial and tech media this week. Despite what most would agree was a mixed …
Continue readingShares of eBay (EBAY) are up 2.5% today on a rating upgrade from Keybanc, per Barron’s Online: the analysts wrote, “has successfully transitioned to a destination for compelling prices, and initiatives to enhance customer experience …
Continue readingEarlier I posted a trade idea on Alphabet (read here) using Facebook CEO Mark Zuckerberg’s testimony in front of Congress to frame it. I highlighted the relative underperformance in social media peers Twitter and Snap …
Continue readingBack on March 6th we checked in on the homebuilders via the XHB etf after a fairly sharp selloff in those stocks in late Jan through February. We saw the potential for the bounce to …
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