Apple (AAPL) reported their fiscal Q4 results last night. In a quarter whose last two weeks benefited from pre-orders and initial sales of their highly anticipated iPhone 7 & 7+, the company’s press release instead highlighted …
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Apple Fiscal Q4 Earnings Preview
Event: Apple (AAPL) reports their fiscal Q4 results tonight after the close. The options market is implying about a 4% move in either direction, which is shy to the average of 5.85% over the last …
Continue readingNike (NKE) – Swoosh?
Event: Nike (NKE) reports fiscal Q1 results Tuesday after the close. The options market is implying about a 4.25% one day post earnings move. With the stock at $55.50, the Sept30th weekly 55.50 strangle (the …
Continue readingMorningWord 9/23/16: Unicorny
On September 13th in this space (The Silicon Stock Exchange) I had some thoughts on private tech market valuations: For the first time in a very long time (or at-least in the modern investment era) …
Continue readingMorningWord 8/24/16: Apple (AAPL) – Went to Spam
By now you have probably read a handful of articles recapping what happened in financial markets a year ago today. While we are on anniversaries, today also marks the 5 year anniversary of Tim Cook as …
Continue readingMorningWord 8/12/16: Yuan a Fight?
A year ago yesterday, the People’s Bank of China (PBOC) devalued their currency in dramatic fashion in reaction to deteriorating export data. The unexpected policy move was a spark that lit the global risk asset bonfire …
Continue readingMorningWord 8/9/16: Breadth, Inclination, or Otherwise
In many ways the confusion of U.S. citizens relating to political allegiances in this presidential election cycle, and the difficult choice many will have to make, country over party, resembles the consternation many investors have faced in 2016 as …
Continue readingNike (NKE) – Blame it on Rio
Prior to Nike’s (NKE) fiscal Q4 earnings report in late June, the stock was trading at 2016 lows, which was down almost 25% from its 52 week and all time highs made in late December …
Continue readingApple (AAPL) Fiscal Q3 Earnings Preview
Event: Apple (AAPL) reports their fiscal Q3 results tonight after the close. The options market is implying about a 4% move in either direction*, which is shy to the average of about 5.5% over the …
Continue readingMorningWord 7/13/16: You Better Check Yourself Before You Wreck Yourself
New all time highs in the S&P 500 (SPX) and the Dow Jones Industrial Average (INDU) have done the financial world the pleasure of anointing a whole new generation of market wizards. Myself? I have …
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