In case you missed it, Yahoo’s core assets have been sold after a long and boring auction process, per Recode: Verizon has entered into a agreement to buy Yahoo in an all-cash deal of $4.83 billion. …
Continue readingGame of Risk – HYG
Having just broken out to new all time highs, the S&P 500 (SPX) is up 6.25% on the year, and up 20% from its 2016 lows at 1810, made on February 11th. It’ now 6.5% …
Continue readingMorningWord 7/22/16: You keep out of trouble and you double your choices
I did not watch the Republican National Convention live this week. But did cacth some snippets of speeches the following mornings on CNBC, and have read plenty of reaction pieces. My mildly informed take-away is that the event …
Continue readingBig Printin’ – Material Select etf (XLB)
Next week large components of the XLB, the Materials Select etf Dow Chemical (DOW) and Dupont (DD) report Q2 results. These two stocks make up 20% of the etf’s weight, which is why decent size …
Continue readingChart of the Day Starbucks (SBUX)
Event: Starbucks reports fiscal Q3 results tonight after the close. The options market is implying about a 4% one day move tomorrow, which is rich to the 4 qtr average of only 1.5%, and the …
Continue readingWhirlpool (WHR) Down the Drain?
Event: Whirlpool (WHR) reports Q2 results tomorrow morning before the open. The options market is implying about a 4.5% one day move. The average one day post earnings move has been about 5.3% over the …
Continue readingMorningWord 7/21/16: VIX Rubbed
As most of you know, sentiment is a strange bedfellow when it comes to financial markets. It’s usually dire or running hot at the opposing extreme in the actual market, bottoms or tops. I’ve always felt …
Continue readingChart of the Day – Intel (INTC)
Event: Intel (INTC) reports Q2 results after the close. The options market is implying about 3.5% one day post earnings move which is a tad higher than the 4 quarter average one day post earnings …
Continue readingQualcomm (QCOM) – Fishin’ Chips
Event: Qualcomm (QCOM) reports fiscal Q3 results tonight after the close. The options market is implying a 4.5% one day post earnings move which is shy of the 7% average over the last 4 quarters …
Continue readingMorningWord 7/20/16: Lather, rinse, repeat.
You know the drill, even if you’ve forgotten it. But thanks to Larry McDonald updating a Tweet of his from last Summer, here’s a reminder: Here we go again (2)#Dollar#Oil#Debt — Lawrence McDonald (@Convertbond) July 20, …
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