Thursday, February 20, 2020
So the President gets impeached and Wall Street treats it like one giant snoozefest. If someone told you a year ago that Brexit would finally get done and President Trump would be impeached, you’d probably assume that the markets would be going bonkers. It hasn’t. Instead, the stock market’s as calm as ever. Let’s look […]
MGM Resorts (MGM), the major casino operator, is seeing some unusual options volume ahead of its October 30th earnings. MGM normally trades about 11,000 options per day, but that number recently spiked to over 36,000. A big player looks to have rolled forward 4,500 calls which make money if MGM shares moves higher during earnings […]
With all the headlines about tariffs and interest rates these days, it makes sense to see a lot of trading activity going on in related sectors. That is, interest rates directly impact the financial sector; tariffs are a big deal for the basic materials and industrial sectors, etc. One sector we haven’t heard as much […]
Recently the U.S. government reported that the U.S. has 501,000 fewer jobs than previously reported. To be precise, the Bureau of Labor Statistics politely calls this a “downward adjustment.” Mind you, the jobs weren’t really lost. We never had them in the first place. The Labor Department, which is the government agency that’s in charge […]
Earnings season can be an exciting and frustrating time for investors. It’s exciting because you never know what a company may report and how the crowd will react. It’s frustrating because… you never know what a company may report and how the crowd will react. We’ve all had that position on where we expect a […]
Much of the income stock universe will report 2019 first quarter results starting on April 28 and running through May 8. Last week there was a 4% to 5% sell-off of many income stocks. The drop was fueled by some negative Wall Street analyst comments that don’t seem to be well grounded in reality. For […]
