Retail stocks are down big today. Macy’s (M) and Kohl’s (KSS) are driving the sell-off, down 14 and 19% respectively. On Wednesday, both reported lower-than-expected holiday sales and cut their full-year profit forecasts. Macy’s announced …
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Earlier (below) I closed the March 65/67.50 call spread that I entered nearly one month ago in Macy’s. The original trade was to express a bullish view into the company’s Q4 earnings. As I stated in …
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A little less than a month ago I made a bullish trade with the idea that Macy’s would re-test its prior highs. The thought was that there was plenty of short term bad news in …
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Macy’s has had an interesting 24+hours. Following the release of their Q4 earnings report the stock seems to be a a bit confused.Initially it opened unchanged but quickly came under pressure yesterday, getting as low …
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In case you missed it, domestic retailers have had a tough first four months of the year due to cold, rain and snow. And looking at the results, guidance and price action of the likes …
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Great post last night from the team at Global Macro Monitor. In it, they discuss the ratio of consumer staples (XLP) to consumer discretionary (XLY), and its potential importance for the future direction of the …
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MorningWord 12/31/12: The New Years Eve trading session is normally a bit of a quiet session with not a ton relevance, but today, with just six and a half hours left to trade in 2012 …
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MorningWord 12/28/12: You guys have heard us say it on many occasions, timing isn’t everything when it comes to trading, but it sure is pretty important. Three weeks ago I felt the way to play …
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MorningWord 12/27/12: Yesterday’s weakness in the retail sector was sort of eye-popping, with a hint of irony when you consider most apparel and dept store stocks were down 2-5%, and JCP was actually up 4.4% …
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The SPX index closed above 1400 for the 3rd straight day this week, but it continues to be on lighter and lighter volume. Sellers have returned to other markets today (namely commodities and currencies markets), …
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