Event: MSFT reports its Fiscal Q2 earnings today after the close. The options market is implying about a 4.75% one day move, which is below the 4 qtr avg of about 5.5% but in line with …
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Citigroup and Goldman Sachs both declined after earnings yesterday, pulling XLF back down to the $22 level that it has been grappling with this month. (Full Disclosure: I’m long GS stock through restricted shares as …
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On a day that saw the Fed, FDIC and other major financial regulatory agencies approve the Volcker Rule, a grouping of laws banning all sorts of proprietary trading at the nations largest banks, it is …
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MorningWord 12/9/13: Last week MSFT shares closed at new 13 year closing high, levels not seen since the internet bubble burst. Despite the weekly highs, the stock edged just a small week over week gain, …
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MorningWord 11/26/13: Here is a news flash to regular readers of this space – I have not been a raging bull in this raging bull market. But readers of the site know that our real …
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Yesterday I thought about mentioning the fact that leaving the 73 call that at the time was no bid open left the possibilty that the stock could rally above that strike before today’s expiration and …
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With QCOM’s analyst day come and gone, the stock is off its recent highs but not quite to the sweet spot of our weekly in-the-money fly (below). The idea for the trade was that the …
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Last week QCOM reported Q3 results that were inline to slightly better than expectations, but the company issued revenue guidance for the current quarter and 2014 that was below consensus, sending the shares down nearly …
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MorningWord 11/7/13: In the lead up to today’s Twitter IPO it has been nearly impossible to speak of the company, the valuation, the growth opportunity and even the mechanics of the deal and not speak …
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There has been a major dichotomy within the financials sector in the past couple months. International investment banks have struggled, while U.S.-centric commercial and regional banks have been strong market leaders. To illustrate, here is …
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