Event: IBM reports Q2 results after the close tonight. The options market is implying about a 3.5% one day move which is rich to the 2.9% 4 qtr avg one day move and the 3.1% …
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Back on April 24th we started “chipping away” at July downside puts in INTC when the stock was $32 targeting their Q2 report that we expected would have a meaningful guide down for Q3: Trade: …
Continue readingApple has always been a stock that has traded on expectations. Heading into last night’s fiscal Q4 results expectations were high and the company more than delivered. While Steve Jobs was widely considered to be …
Continue readingOn Friday we highlighted JPM’s failed technical breakout at the prior highs, how cheap options were in the stock for those looking to make a directional play and the potential for volatility in the coming …
Continue readingThis morning I read a research report that I thought was written by the Onion’s nascent Financial Analysis vertical, titled, Amazon: Why it is Still Inexpensive. Upon further review, the report was written by a …
Continue readingJPM held their annual analyst meeting last week and while the street generally walked away satisfied with the commentary, headwinds to the sector and JPM specifically remain. Bernstein Research analyst John McDonald had a very …
Continue readingBroadcom has been a very dramatic under-performer vs the SOX and the broad market in 2013, down 16.5% vs INTC up nearly 21%, the SOX and the Nasdaq up nearly 35% each. The company is …
Continue readingMorningWord 6/27/13: MSFT is holding their developers conference this week with much of the focus on Windows enabled devices, the convergence of devices, services to be used on devices and their roll-out of Windows 8.1. …
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