Event: Disney (DIS) will report fiscal Q3 results tonight after the close. The options market is implying about a 3.3% one day post earnings move which is well below the 5% four qtr one day average …
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MorningWord 8/5/16: Heckuva Jobs
This morning’s July non-farm payrolls report came in better than expected for the second consecutive month. That brings the average monthly gains to 186,000 for 2016. The unemployment rate stayed put at 4.9%. The July …
Continue readingBig Printin’ Apple (AAPL), Dominion (D) & Financial Select (XLF)
Apple (AAPL): On Friday’s Options Action on CNBC we took a look at the implied earnings move in Apple (AAPL) Prior to its fiscal Q3 report due tomorrow after the close. Watch our discussion here: At the …
Continue readingMorningWord 7/25/16: Verizon Plays Moneyball
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 $4.83 billion. …
Continue readingMorningWord 7/22/16: You keep out of trouble and you double your choices
I did not watch the Republican National Convention live this week. But did cacth some snippets of speeches the following mornings on CNBC, and have read plenty of reaction pieces. My mildly informed take-away is that the event …
Continue readingQualcomm (QCOM) – Fishin’ Chips
Event: Qualcomm (QCOM) reports fiscal Q3 results tonight after the close. The options market is implying a 4.5% one day post earnings move which is shy of the 7% average over the last 4 quarters …
Continue readingMorningWord 7/14/16: I became insane, with long intervals of horrible sanity.
I had been skeptical of the S&P 500 (SPX) ability to make a new high and establish a new range above the prior highs. It has done that now. And any the confirmation of the …
Continue reading$NKE Fiscal Q4 Earnings Preview
Event: Nike (NKE) reports their fiscal Q4 results tomorrow after the close. The options market is implying about a 5.5% one day post earnings move in either direction. With the stock just below $52 the …
Continue readingMorningWord 6/23/16: Cause I Don’t Want to Be… Anarchy
I have a confession and then an apology to make to RiskReversal readers or those who watch my market commentary on CNBC. First the confession. Not for a moment in the last couple months have …
Continue readingMorningWord 6/20/16: Eurotrash – $EUFN
Thursday afternoon I took a quick look at the price action of European bank stocks, particularly Deutsche Bank (Bank Bounce?). In hindsight this seems like an obvious observation for the very near term: DB has …
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