We posted our detailed thoughts on NFLX in our earnings preview this morning. NFLX stock is up 24% since October 9th, a huge run into earnings including today’s 5% move higher to another new all-time …
Continue readingWFC
Citigroup did indeed bounce this week after an initial drop on earnings, but it actually bounced quite a bit through our $50 call calendar strike. As a result, our gains on Oct decay didn’t realize, …
Continue reading
We posted our detailed thoughts on GOOG in our earnings preview yesterday. GOOG stock has been flat for the past 5 months. This quarter has special importance given its big whiff on Q3 earnings in …
Continue reading
The first batch of earnings reports are in, and the picture is mixed. First, the main takeaways from the banks, JPM, WFC, and C: Mortgage production sees serious dropoff: A major drop year-over-year (in some …
Continue readingCitigroup’s earnings report this morning once again mentioned the weakness in the mortgage business. That follows the weak results in that division from WFC and JPM on Friday. So it’s as clear as can be …
Continue readingWe detailed our thoughts in today’s earnings cheat sheet in Citigroup. The key takeaway from that post was as follows:
Continue reading
MorningWord 10/11/13: Financial stocks have been struggling relative to the broader market for a couple months now. Yesterday’s rally was the first welcome hint of leadership from the sector in quite a while. The XLF/SPY …
Continue reading
This was our key takeaway in our WFC Q3 earnings preview yesterday (here): Add it all up, and the potential for significant earnings growth for WFC over the next year is unlikely. WFC management is …
Continue reading
Event: WFC reports its fiscal Q3 earnings on Friday, Oct. 11th before the open. The options market is implying about a 2.75% one day move, which is above both the 4 qtr avg of about …
Continue readingThe 10 year Treasury yield in the U.S. did not breach 3.0% last week, but it came awfully close. At 2.9% today, it is still at 2 year highs. The impact of the rapid rise …
Continue reading