We got results from a few of the largest moneycenter banks this morning. These stocks have been a big part of the stock market rally over the past few months on the dual assumptions of …
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Last night on CNBC’s Fast Money the panel discussed the President Elect’s Tweet of the Day. The tweet focused on U.S. Automaker General Motors (GM) and their production of cars in Mexico which are sold …
Continue readingInvestors in U.S. equities have been buying stocks based on an assumption that the incoming administration will be “pro-business” (lower corporate taxes and less regulation). For the most part, investors are correct to assume that, …
Continue readingRegular readers know that we rarely start a trade idea with a technical input, but a securities’ chart often helps inform our thoughts on sentiment, and can be very useful for choosing strikes for options …
Continue readingMarket participants placed a low probability on a Trump win last month. I agreed. Markets also bet on a risk of a sell-off in stocks (stocks sold off as polls tightened, puts went bid) I …
Continue readingBack in early August, we attempted to lay out a bullish case for shares of IBM: IBM is a cheap stock at 12x expected 2016 eps and pays a dividend with a current yield of …
Continue readingYesterday IBM’s CEO Ginni Rometty wrote an open letter to President-elect Trump offering: ideas that I believe will help achieve the aspiration you articulated and that can advance a national agenda in a time of profound …
Continue readingRegular readers know we don’t place too strong of emphasis on unusual options activity. Without intimate knowledge of the trade, or knowing the initiators’ intent, whether the trade is outright, or delta neutral, or what …
Continue readingShares of Twitter got a boost this morning when it was revealed that activist investor Jana Partners took a small stake. I am not sure this news should be viewed too positively as it could …
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 …
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