Yesterday shares of Target (TGT) declined 5.5% on a disappointing Q4: I think Jeff Macke’s tweet speaks to the magnitude of the pre-announcement and the sell-off: $TGT guides lower 2mo 2 days after guiding higher. Ecommerce …
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Last night on CNBC’s Fast Money we had a spirited discussion about the year to date out-performance by the so-called FANG stocks (Facebook, Amazon, Netflix & Google, up 7%, 5.5%, 7.7% & 4% respectively vs …
Continue readingIn the days following the U.S. election in early November, investors got it in their head almost immediately that the outcome didn’t mean some newfound economic populism and trade wars, but traditional Republican supply side …
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For the better part of 2016 the Dow Jones Transport Index, measured by the IYT (the iShares Transport etf) traded in a tight consolidation in the low to mid $140s: The breakout since the election is …
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The retail sector is one of the best performing since the early hours of Nov 9th following the surprise election results, with the XRT (the S&P retail etf up nearly 15%, very near 52 week …
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If you haven’t noticed by my sour disposition for the better part of 2016, there were a lot of things that I really hated this year. Yeah the Pokemon Go craze and Mannequin challenge were …
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On Nov 9th, the day after the US presidential election it was clear that some big funds got caught flat footed and a massive rotation within equities was upon us. While U.S. stocks have been …
Continue readingIt’s fairly fascinating to see which sectors in the market are participating in the post election bounce, and which are sitting out the nearly 1% gains (6% off of the overnight lows). Banks, Pharma/Biotech, Materials …
Continue readingNearly 55% of the S&P 500 (SPX) have reported calendar Q3 earnings so far. Here’s a quick scorecard with some projections from FactSet’s Earning’s Insight: Far from a disaster, as a whole, but the SPX …
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Since reporting calendar Q3 results in the last week or so, Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN) and Facebook (FB), have lost between 5 and 10%. That is equal to nearly $200 billion in combined market …
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