The retail sector is one of the best performing since the early hours of Nov 9th following the surprise election results, with the XRT (the S&P retail etf up nearly 15%, very near 52 week …
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Current polls point to Hillary Clinton being sworn in as our next President of the United States on January 20th. As far as what that means for policy, Clinton is a typical left of center …
Continue readingNearly 55% of the S&P 500 (SPX) have reported calendar Q3 earnings so far. Here’s a quick scorecard with some projections from FactSet’s Earning’s Insight: Far from a disaster, as a whole, but the SPX …
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Here is some apparently untied directional options activity that caught my eye in today’s trading: XRT: the S&P retail etf is down about 10% from its August highs, one of the worst performing S&P sectors …
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Last Thursday we took a look at Costco (COST) (MorningWord 9/29/16: COST’$ Cut) into its into their fiscal Q4 results that evening. The stock was clearly oversold into the print, down 13% from its August …
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Earlier today I had some thoughts on Costco (COST) into tonight’s earnings results (MorningWord 9/29/16: COST’$ Cut). The crux of it is becoming painfully obvious, Amazon.com (AMZN) is eating brick and mortar retail’s lunch quarter …
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Costco (COST) will report fiscal Q4 results tonight after the close. The options market is implying about a 3% move tomorrow in either direction. That’s rich to the 4 qtr average one day post earnings …
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Friday’s GDP print of 1.2% for the 2nd quarter places the average for the first half at 1%, which as I highlighted yesterday (here), if not revised higher would be the weakest start to a …
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Retail stocks have been under a ruthless attack with the latest casualties Costco (COST) and Target (TGT) this morning. The Retail sector has been in our sights from the short side since early March. Here was our initial …
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On April 29th we initiated a bearish trade in Walmart (WMT) when the stock was $66.66 targeting its q1 earnings report due tomorrow before the bell. We expressed this view by financing a May regular expiration …
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