Last week was a bloodbath for department store stocks. Shares of Macy’s (M), Nordstrom’s (JWN) Dillard’s (DDS), and JC Penny (JCP) were all down between 15 and 20% after posting disappointing earnings and guidance. The XRT, the …
Continue readingFREE ACCESS
The only true currency in this bankrupt world is what you share with someone else when you’re uncool. ~ Almost Famous Snap reported their first quarter as a public company and investors aren’t happy. In …
Continue readingThere are a lot of interesting things going on in financial markets today that investors clearly care about. SNAP down 20% after reporting its first quarter as a public company is interesting, so is Macy’s …
Continue readingPrior to Fast Money yesterday, I had the pleasure to meet a fella named John in the green room. John is a long-time friend of my co panelist Guy Adami. John is also a regular …
Continue readingFor all intents and purposes, the S&P 500 (SPX) closed at a new all-time high yesterday. The recent consolidation over the last two months is fairly impressive when you consider it did that during the legislative slowdown …
Continue readingIn the last year, there have only been two real bouts of risk asset volatility. Both were related to politics, the UK Brexit vote last June and our presidential election in November. Both saw results …
Continue readingI often get asked how I come up with trade ideas, specifically as it relates to the sort of options trade ideas detailed on Risk Reversal and on CNBC’s Options Action. Almost always the idea …
Continue readingIn case you missed it yesterday, media stocks, including wireless and cable operators, got nailed as investors continue to contemplate the pressure of over the top services, cord cutting vertical integration of content, spectrum and delivery. Yesterday’s …
Continue readingEarlier over at The BoockReport, its author and economist extraordinaire Peter Boockvar highlighted the potential danger of bullish sentiment in the S&P 500: According to II, Bulls rose to 58.5% from 54.7% and they said in response …
Continue readingAstute market commentator and investor Jeff Macke tweeted the following about Amazon’s (AMZN) price action in the two trading days following last Thursday evening’s Q1 earnings report: New 52-week high for $AMZN. Fully recovered from the …
Continue reading