Event: Lennar (LEN) reports their fiscal Q3 results tomorrow before the open. The options market is implying about a 3.5% one day post earnings move, which is rich to the 4 qtr average post earnings …
Continue readingJeff Gundlach
Bond investor Jeff Gundlach (founder of Doubline Capital) has had a few choice words on some fairly high profile stocks over the last few years. He has been back and forth on Apple (AAPL), calling …
Continue readingAbout a month ago we placed a mildly bearish trade in XHB with the thought that it could decline below its moving averages and settle near the 31 level. With the front month short option …
Continue readingWe put on a put calendar position in XHB nearly a month ago, anticipating some slight downside. Here was our overall rationale for the trade (full post below): So fundamentally a bad outlook for the …
Continue readingHousing stocks, both builders and related retailers (represented by the XHB, down 2.65% in ’14), have been some of the worst performing stocks year to date. As you can see in the graph below (courtesy …
Continue readingWe discussed the bear case for financials in a Name That Trade post on Monday, included below. In short, lower rates generally correlate with lower banking stocks, and that is starting to play out in …
Continue readingOur earnings recap of the banks last month indicated a difficult overall landscape for the sector. On a sector level, the mortgage business was the particular sore spot, and the fixed income business was broadly weak …
Continue readingChipotle has been a major momentum leader for much of the past year. The stock has more than doubled since its October 2012 low of $233.82. That’s AFTER famous hedge fund manager David Einhorn said …
Continue reading10 year U.S. Treasury yields are 27 basis points in the past 6 trading days, from 1.63% to 1.9%, which is a large move for the government bond market. The strong jobs report was the …
Continue readingMorningWord 1/25/13: With the AAPL equity bubble clearly bursting, tech growth money needs to find a new home as the gravy train is over for active money managers. There have been some clear beneficiaries of …
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