This morning we discussed the price action in retail and consumer discretionary and what appears to be an ever growing list of meaningful earnings disappointment for the holiday season (MorningWord 1/16/14: Shooting First & Never …
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Back on December 19th, NKE reported a strong fiscal Q2 quarter that was highlighted by better than expected gross margins and futures orders, two metrics that are very closely watched by analysts and investors. The …
Continue readingToday was a bad day to be a stock with a three letter ticker with the second and third consecutive letters being F and M. Specifically, two of the favorite high-end healthy grocery stores, The …
Continue readingThe purpose of initiating this bearish position in WMT nearly 2 weeks ago when the stock was near the recent highs was too play for a pullback towards the stock’s 50 and 200 day moving …
Continue readingEarlier 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 readingBack on Oct 28th I wrote about what appeared to be a fairly dangerous overbought condition for WFM’s shares heading into their fiscal Q4 earnings on Nov 6th (below). In hindsight it is apparent that …
Continue readingMorningWord 11/4/13: If you have been tuned into the financial press over the last week there appears to be a bubble forming in labeling the U.S. stock market, well, a bubble. Usually the comment is …
Continue readingWe’ve had some luck trading ahead of earnings this week, in both the AAPL condor and the FB call butterfly. Next week is a similarly busy earnings season, with a number of high fliers reporting. Some of …
Continue readingMorningWord 10/28/13: On a daily basis I scroll about 200 large cap one year charts of stocks that I trade. I use this scroll to get a quick sense for where stocks have been and …
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