Trade Update May 15, 2013: JCP is up 8% so far this week as the stock rallies ahead of its earnings event tomorrow. My target for the upside was in the 19.50-20 area, which is where …
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JCP is a name we’ve picked on over the past couple weeks for multiple reasons:
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As we await the ISM report today, there is a growing concern that the manufacturing sector in the U.S. is falling into contraction. The survey expects a 50.6 reading, but some are expecting a miss …
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As I highlighted this morning in my GOOG 4th quarter preview, their main problem in the past year has been its deteriorating margins. Sales have actually grown more than 40% from 2011 to 2012 (the …
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CC wrote about the impact of seasonality on macroeconomic data all the way back in April. Directly from that post: For the past 2 years, the upside surprises peaked in the winter, and bottomed in …
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Our friend John Melloy, the producer of Fast Money, had a good, quick note out yesterday detailing just how disappointing the earnings season has been so far. The most salient point for me from the …
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Bloomberg New housing construction rose in August, boosted by the strongest pace of single-family home starts in more than two years that shows an improving U.S. real estate market. Beginning construction climbed 2.3 percent to …
Continue readingFT Alphaville had another solid post yesterday, this time trying to assess whether short covering was higher or lower than normal during the most recent rally. They plotted a chart showing the Goldman Sachs short …
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The worst kept secret of the day is officially out after hours as Moody’s downgraded a host of banks. Here’s a roundup of the downgrades from Business Insider: For Wall Street, it could’ve been worse. …
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Reuters JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. …
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