On Tuesday I previewed Workday’s (WDAY) fiscal Q2 results that were reported last night. Regular readers know that I am skeptical of stories like this. Stocks that trade at ridiculous multiples, are massively unprofitable on a …
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Retail’s weakness to start 2014 has been greeted by the broader market with a fair bit of complacency. Investors have shrugged off one negative sales report after another with the view that the problems are …
Continue readingReuters Companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labor market, data from a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast …
Continue readingTrade Update: Fri Aug 17th GME has caught a bid on its earnings and dividend raise. We’re going to take this opportunity to close the Oct 13 puts at .10 (originally sold at .43) There’s …
Continue readingTrade Update: Tues July 24th With GME plowing lower since buying the outright Oct puts we’re going to take this opportunity to spread the trade by selling some downside puts. Original Post: …
Continue readingMarketwatch The U.S. trade deficit fell 3.8% in May to $48.7 billion largely because of lower oil imports, while exports rose slightly, the Commerce Department reported Wednesday. Imports in May fell 0.7% to $231.8 billion …
Continue readingLiving in the sprawl, dead shopping malls rise, like mountains beyond mountains. And there’s no end in sight, I need the darkness, someone please cut the lights. -Arcade Fire One of our favorite long term …
Continue readingYahoo Finance S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -9.80. Stock futures are under modest pressure this morning. The tone comes as Europe’s major bourses move lower, despite a positive overnight …
Continue readingReuters New claims for unemployment benefits fell to a fresh four-year low last week, according to a government report that showed ongoing healing in the labor market. Initial claims for state unemployment benefits fell 5,000 …
Continue readingSeeking Alpha Today’s Markets In Asia, Japan +1.1% to 9548. Hong Kong -0.1% to 22496. China +1.1% to 2730. India +0.2% to 18309. In Europe, at midday, London +0.3%. Paris +0.9%. Frankfurt +1.5%. Futures at …
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