SBUX is having its worst day in more than a year, down about 3% on a research report from a brokerage firm that I have never heard called ITG suggesting that the coffee seller may …
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Earlier this morning (below) I laid out some thoughts on the recent relative performance of TGT and WMT, given what appear to be similarly crappy results and guidance of late. We’ve been wanting to leg …
Continue readingMorningWord 12/3/13: There is going to be a lot of ink spilled in the next few weeks in the financial press as to just how healthy the U.S. consumer is at this stage of our …
Continue readingIn the past week, we’ve seen some serious concerns about the U.S. consumer from a variety of companies. ARO, AEO and URBN all missed numbers, COST had a weak sales number, and this morning M …
Continue readingEvent: SBUX reports their fiscal Q3 earnings tomorrow (July 25th) after the close. The options market is implying about a 4% one day move, which is below both the 4 qtr avg of about 5.75% …
Continue readingEvent: SBUX reports Q4 earnings tonight after the close. The options market is implying about a 4.5% move, vs the trailing 4 qtr avg move of ~6.25% and the 8 qtr avg of ~4%. Sentiment …
Continue readingTrade Update Nov 9th, 2012: Consumer discretionary as a sector has many headwinds in my humble opinion, but the the XLY has been a bit more stubborn than I would have expected over the last month. I …
Continue readingMorningWord 11/08/12: Yesterday’s almost 2.5% sell-off in U.S. equities was far less confusing to me than Tuesday’s 1% rally. On Tuesday I put my money where my mouth was and bought near the money Nov …
Continue readingMorningWord 11/07/12: With the election over, we can now get back to the important business of talking about AAPL again… just kidding. OK, probably not. But your guess is as good as mine what the …
Continue readingMorningWord 11/06/12: Back on Sept. 6th our main macro man Enis was on CNBC’s Fast Money Halftime program with another fairly esteemed guest, hedge fund legend Leon Cooperman. Enis and I have had a few …
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