Lost amidst the international headlines this week are the earnings results from the first full week of Q2 earnings season. In the financials sector, the stock reactions were clearly much more a result of divergent …
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Goldman Sachs reported a better than expected result this morning, and the stock is trading 1.5% higher early in the session. While the trading businesses (both fixed income and equities) were weak, down 11% year-over-year, …
Continue readingEvent: GS reports its Q1 earnings Tuesday before the open. The options market is implying about a 2.25% one day move, which is slightly above both the 4 quarter average of 1.5% and the 8 …
Continue readingA couple of weeks ago we initiated a slightly bearish play in BAC that looked to finance puts that would catch the impending Q2 earnings release (Aug regulars) with a sale of puts in the week …
Continue readingBank stocks have lagged the broad market in 2014 as money-center and investment banks fend off of a whole host of challenges from increased regulatory scrutiny that appears to be resulting in no shortage of multi-billion …
Continue readingFinancials were a bright spot for the market after the FOMC announcement last week, rallying along with rates as investors rotated into the sector and out of many of the dividend-paying stocks. This week, however, …
Continue readingSince we first entered our CAT trade almost a month ago, the stock has been a one way train higher. Even with Chinese shares moving lower in the past week, CAT has mostly ignored that …
Continue readingWal-Mart reports earnings tomorrow morning before the open. WMT rarely moves much on earnings (4 quarter average daily move of 1.5%, 8 quarter average move of 2.5%), and the low implied move (about 2%) in …
Continue readingCaterpillar reported better-than-expected earnings this morning, and the stock is trading up more than 6% in the pre-market, near its 2014 highs around $93. So is this a clean change of trend after a dismal …
Continue readingEvent: CAT reports its Q4 earnings on Monday before the open. The options market is implying about a 3.5% one day move, which is just about in line with 4 qtr average of about 3.25%, and …
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