A few weeks ago we thought AT&T was a bit oversold heading into its Q1 earnings, and that in a continued low yield environment the stock’s 5.5% dividend yield would once again cause buy interest with the …
Continue readingConsumer Staples
It’s probably not news to you, but at this point there are a few large external factors (that have been volatile of late) that are heavily influencing U.S. corporate earnings: commodity prices and their effect …
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Yesterday’s 1.3% gain in the S&P 500 was certainly a head-scratcher. For the life of me I could not figure out the reason that for that sort of upward pressure right out of the gate. …
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Earlier today (here) I detailed some unusual call activity in Kraft Foods (KRFT) yesterday: Yesterday, when the stock was $61.45 a trader paid .70 for 10,000 June 67.50 calls to open. These calls break-even on …
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Friday was a bloodbath for high yielding equity sectors or those deemed to be defensive, with Utilities leading the way to the downside, declining 3%, and Consumer Staples and Healthcare down about 2%. It’s not hard to …
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Even though the S&P 500 is still only 1.5% from all-time highs, the deteriorating breadth has continued over the past few weeks. Bespoke Investment pointed out the recent weakness in the industrials sector, mostly a result …
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The U.S. 10 year Treasury yield peaked in early September, after rising most of the summer in anticipation of the Taper. The No Taper announcement on the Sept FOMC broke the multi-month uptrend in U.S. …
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I discussed the frequent irrationality of stock valuations in my CotD post yesterday. However, so far in 2013, market players are acting a bit more rational about sector allocations, at least based on current valuations. …
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