I want to hit a few things on my radar this morning… First things first, Apple iPhone 7 pre-order sales. I think it is safe to say that the stock’s nearly 10% gains since Monday’s …
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Following up on my thoughts on Caterpillar (CAT), I think its worth noting the relative under-performance of its peer Deere (DE) which is up only 8% on the year, and down 7% from its June …
Continue readingEarlier in my MorningWord (Seeing the Forest For the Trees) I tried to explain why the relative out-performance in defensive stocks and sectors like U.S. telco, utilities, consumer staples and sectors like energy and materials (that …
Continue readingLast night on CNBC’s Fast Money we debated two important issues related to the bounce in U.S. equities in the last week. First, after more than a 6% rally in the S&P since last Thursday’s intra-day …
Continue readingYour guess is as good as mine how the U.S. Fed crafts their message about monetary policy this week. I do assume that the reaction in U.S. markets will be volatile. The SPY at the …
Continue readingThis morning, rather than focusing on the handful of stocks driving most of the performance in the U.S. equity market and have no top in sight, Amazon, Facebook, Google & Netflix, I will instead focus …
Continue readingWarren Buffett’s Berkshire Hathaway (BRK/B) is in the news this morning, as he is “Buying American” (as he likes to say) with his $37 billion acquisition of industrial nuts and bolts maker Precision Castparts (PCP), …
Continue readingHere is a quick recap of trades that we initiated, closed, or debated in the week that was June 15th to June 19th:
Continue readingA few weeks ago on May 26th we looked to fade a breakout in Deere (DE) and play for a consolidation above the highs with this trade: TRADE – Buy the DE ($94.10) June 95/91/87 put …
Continue readingWe have several trades expiring this week that I wanted to check in on and see what can be done as far as management what what we’re looking for as far as when to close. …
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