Citigroup’s earnings report this morning once again mentioned the weakness in the mortgage business. That follows the weak results in that division from WFC and JPM on Friday. So it’s as clear as can be …
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HD as been a monster ytd, a posterchild for all the FOMC’s hardwork over the last few years. But since the May/June “TaperTantrum” HD has not kept pace with the SPX, and failed to come …
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With GM not breaking, we’re going to close this position entirely and look for another entry in the thesis down the road. Action: Sold to Close half of GM ($35.37 ) Oct 37/33 Put Spread …
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Earlier this week GM announced their Sept sales that were far worse than expected, and showed relative weakness to the better than expected results by F and Chrysler. Almost a month ago I bought …
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Last Friday, on CNBC’s Options Action, my friend Carter Worth from Oppenheimer made the case why Auto stocks could follow the year to date under-performance of homebuilder stocks, specifically he focused on F, and made …
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MorningWord 9/6/13: Yesterday in the Chart of the Day, I highlighted the under-performance of homebuilding stocks for the better part of this year, and the very recent lack of participation of home improvement retailer HD. …
Continue readingImprovement in the housing market over the last 2 years has been a major pillar of the economic recovery in the U.S., despite what has been a historically high unemployment rate during the same time …
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Morning Word 8/20/13: As Q2 earnings season has been winding down over the last week or so, with more than 90% of the S&P 500 companies having reported, it has been the retail stragglers of …
Continue readingSimple chart today to illustrate the extent of the recent weakness in the housing sector (as longer-dated Treasury yields hit a 2 year high today): This is the first convincing break of the 200 day …
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MorningWord 8/15/13: After years of consistently low interest rates, U.S. GDP is stuck below 2%, unemployment is stuck above 7% and after a fairly impressive housing recovery in the last year or so there is …
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