Despite the SPX being back at all time highs, there is no shortage of single stock examples in the consumer/retail sector showing signs of strain. On Friday I broke down last week’s consumer related news, …
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Last night Bed Bath and Beyond reported a disappointing fiscal Q1 and offered guidance below analysts expectations, the stock is down about 8% in the pre-market, making new 52 week lows. In a Name That …
Continue readingFrom its 2009 lows below $20, to the recent all time highs on the first trading day of 2014 above $80, BBBY dramatically outperformed the broad market, and most peers, gaining more than 300%: Since …
Continue readingBack in late February when WFM was trading $53.45 I highlighted the chart (here) as the first installment in our continuing technical analysis series, “Triangle’s of Death”. Back in February the chart was forming a …
Continue readingCostco is set to report its 3rd quarter results tomorrow morning before the bell, the options market is implying a one day move of only about 2% (the weekly 115 straddle is offered at ~$2.40, …
Continue readingCOST looked like it was potentially breaking out above its 200 day moving average on Monday, but the stock is back below the $116 resistance level on today’s move lower: So what’s that mean for …
Continue readingYesterday I laid out a hypothetical bearish trade in COST in front of their April sales report this morning. We chose not to press into the event as we are trying to be disciplined and …
Continue readingI know I sound like a broken record but I have to tell you that the bifurcated price action in U.S. equities leads me to only one conclusion – we are going much lower at …
Continue readingTomorrow morning COST will report their April sales before the open. The options market is implying only a 1.25% one day move using the May9th 112 straddle. I don’t know about you but that seems …
Continue readingWFM reported fiscal Q2 results after the close yesterday that disappointed investors. The stock is down about 15% in the pre-market, making fresh 2 year lows. This is perhaps to be expected given the terrible …
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