There has been no shortage of cross-currents of late regarding the U.S. consumer, the one thing that most economist can agree on is the thing holding up the global economy. While there have been some …
Continue readingLast night on CNBC’s Fast Money program we had a quick discussion about bank stocks following a technician who suggested that of late U.S. bank stocks are showing relative strength to the S&P 500 (SPX), …
Continue readingTomorrow after the close Micron (MU) will report their fiscal Q4 results. The options market is implying about anm 8% one-day move which is essentially in-line with the average move over the last four earnings …
Continue readingThere are good acronyms and bad acronyms. CNBC’s Jim Cramer famously came up with FANG a few years back to describe the growing influence of shares of Facebook, Amazon, Netflix, and Google on broad market …
Continue readingI think it is safe to say that it has been a very long time that investors have been able to say “wow, that mega-cap U.S. bank stock is breaking out to new highs”. Well, …
Continue readingYesterday after the close Adobe Systems (ADBE) reported FQ3 results that were better than expected, per Barron’s Online: Adobe posted revenue of $2.3 billion, up 24% from a year earlier, a hair ahead of Wall …
Continue readingFedEx (FDX) will report their fiscal Q1 results today after the close. The options market is implying about an $8.50 move between now and Friday’s close, or about 5% move in either direction (most of …
Continue readingIn early August (TLT: Bonds, Shaken and Stirred), for the second time this year, I updated my thoughts and bearish positioning via the options market on long term Treasury yields via the TLT, the iShares …
Continue readingThere seems to be little in Washington that D’s & R’s can agree on, but when it comes to mega-cap tech companies, there is a sort of bi-partisan whack-a-mole contest that is not likely to …
Continue readingShares of Netflix (NFLX) closed down 2% following news of Apple’s pricing of their soon to be launched video streaming service that is half the cost of Netflix’s cheapest offering. For those who have stated …
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