On Friday’s Options Action, my co-panelist Carter Worth of Cornerstone Macro Research made the bullish case for a breakout of shares of Microsoft (MSFT) in the near future: Interestingly, Carter beat me to it, as I had …
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Auto stocks came into the sights of a trader who made an out of the money defined risk bearish bet in both Ford and General Motors: Ford (F) – When the stock was $13.39, 10,000 of the May 11.75 …
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In general, I don’t highlight changes to Wall Street analyst ratings. That’s mostly due to the irrelevance of these ratings changes. There was a time when a large investment bank could cause major movement in …
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On December 1st we got a glimpse at a nice November auto sales print that was inline with expectations. That got us looking at General Motors which had seen a really nice rally from both …
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Auto sales have been on fire in 2015, November data reported this morning places this year’s SAAR very near the estimate of 18.2 million, the highest annual total since 2005. Consumers are taking advantage of aggressive promotions, …
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A couple weeks ago we traded Ford with the idea of fading the 15% bounce in the shares from $13 to $15 that occurred in a little less than two weeks. The stock has since …
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Automakers have been in the news of late. In case you missed it, Volkswagon of Germany got stone cold busted earlier in the month for years of spoofing emissions results in millions of their “clean diesel” …
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I hate to quote this guy, cause I generally think he is full of it, but the old market adage often attached to Warren Buffett, “Be Fearful When Others Are Greedy and Greedy When Others …
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Event: tomorrow before the open Ford (F) reports Q2 results. The options market is implying about a 4% one day move which is rich to the 2% average over the last 4 qtrs. With the …
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Earlier today (below) I discussed some recent consolidation chatter in the auto industry. While it could seem a bit “pie in the sky” or “top of the market” the potential reasons make sense as it …
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