Prior to the November 8th Presidential election Transport stocks had some ol ‘timey Dow Jones watchers a bit worried, with the IYT, the iShares Transport etf having failed to keep pace with the broad market’s …
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For the better part of 2016 the Dow Jones Transport Index, measured by the IYT (the iShares Transport etf) traded in a tight consolidation in the low to mid $140s: The breakout since the election is …
Continue readingCurrent polls point to Hillary Clinton being sworn in as our next President of the United States on January 20th. As far as what that means for policy, Clinton is a typical left of center …
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Shares of Federal Express (FDX) are down 4.3% today following quarterly results and guidance that disappointed investors as the company failed to inform investors how their recent $4.8 billion acquisitive of TNT will impact earnings …
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In case you missed it, I am not a buyer of stocks after the 8% rally in the S&P 500 (SPX) from its 52 week lows made Feb 11th. Regular readers know that I feel quite …
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In this weekend’s Barron’s there was a great QnA with the CIO of Bessemer Trust, Rebecca Patterson that is well worth a read, Why Bessemer Trust’s Chief Investment Officer Is Still Bullish. An answer to a …
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Event: CSX reports Q2 results after the close and the options market is implying about a 4% one day move which is rich to their 4 qtr avg move of less than 1%. Back in …
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The data dependent Federal Reserve sees green-shoots in the U.S. economy. As they should after trillions of dollars of monetary and fiscal stimulus since the financial crisis. Employment data is nearing their targets for a …
Continue readingEvent: Fedex (FDX) reports fiscal Q4 results Wednesday before the open, the options market is implying about a 3.25% one day move which is a tad lower than the 4 qtr avg of about 3.6%, …
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On Wednesday I took a look at Fedex (FDX) and had the following observation on its recent price action and technical set up (read here): Shares of Fedex (FDX) have nearly doubled-up the performance of the …
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