Wednesday, August 12, 2020
The big earnings loser last week was Intel (INTC), the semiconductor giant. INTC badly missed earnings with a delay in production of their next-gen chip. The stock price dropped over 16% on the day after earnings were announced. As you’d expect, options volume was very high during the move, with a surprising amount of action […]
Last week, when Virgin Galactic (SPCE) announced it would be replacing its CEO, the company sent a clear signal that it will be moving from a novel “spaceship company” to a company focused on making money. The Sir Richard Branson-backed Virgin Galactic is scheduled to launch its first paying passengers into space later this year, […]
The shutdowns ordered by city and state officials had the perverse effect of labeling brick-and-mortar businesses as either essential or non-essential. An essential business designation allowed those businesses to remain open. Non-essential companies were forced to close their doors; those companies whose employees could not do their jobs from home soon found they were furloughing […]
After earnings last week, there was quite a bit of options action in Costco (COST). With the pandemic in full swing, COST has performed better than many retail stocks due to the nature of its business. That is, bulk buying is exactly what people were looking for during a prolonged period of being stuck at […]
Which Stocks Are Fighting the Bear? Last week was the second-best week for the Dow Jones Industrial Average in the last 80 years. What makes this fact more impressive is that the best week of the last 80 years was the two weeks prior that! The stock market is rallying on hopes that the spread […]
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 […]
