2015 may be remembered as the year the U.S. consumer Netflix’d and Chilled. In between episodes of House of Cards and Orange is the New Black, Americans bought their organic foods from their Instacart app, their …
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Last week in this space we highlighted the relative under-performance of U.S. retail stocks as a group (as measured by the XRT, the S&P retail etf): U.S. retail stocks are noticeably weak today, with the XRT, …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was Oct 19th to Oct 23rd:
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Walmart (WMT) had no shortage of reasons for last week’s poor earnings results and downgrade of forward guidance last week. Since the stock’s 8% one day decline on October 14th to new 52 week lows, …
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Event: Best Buy (BBY) reports their fiscal Q1 results tomorrow before the open. The options market is implying about a 6.5% one day move vs the 4 qtr avg of about 5%.
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Event: Target (TGT) reports Q1 results tomorrow before the opening, the options market is implying about a 3.5% one day move, which is well above the 4 qtr avg of about 2.5%, which includes a …
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Back on April 2nd we placed a bullish trade on shares of Walmart (WMT) when the stock was 2% higher. To refresh:
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Heading into their Q1 results is morning, Kohl’s (KSS) was up 22% on the year, up 46% from its 52 week lows, and only down about 6% from the all time highs made in early April. The …
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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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