- Why the Fed Backed Off on Interest Rates (Barron’s)
- Airline Stocks Are Pricing In a Downturn. We Disagree (Barron’s)
- General Motors predicts stronger 2019 Earnings (NY Post)
- In the Riskiest Corners of the Stock Market, Exuberance Is Back (Bloomberg)
- January Option Expiration Week Trends Weak (Quantifiable Edges)
- Coming to America 2 Is Happening (Vanity Fair)
- Millennials Are About to Get Locked Out of the Real Estate Market—Again (Fortune)
- Robb Report Car of the Year 2018 (Robb Report)
- The Secret to Getting the Freshest Krispy Kreme Doughnuts (Reader’s Digest)
Early earnings results strong
Earnings still strong (different from 2008 & 2000) so far…
The 20 years of quarterly earnings history below are compliments of Howard Silverblatt – S&P Dow Jones Indices Senior Index Analyst. I have bolded those periods (2000 & 2007) where there was an abrupt drop in earnings (which portended a steep market correction). In 2007 we had fair Continue reading “Earnings still strong (different from 2008 & 2000) so far…”
Insider Buying
The CEO and CFO of Medtronic ($MDT) used the recent weakness on January 9 Continue reading “Insider Buying”
Unusual Option Activity
Today some institution/fund purchased 22,045 contracts of February $50 strike calls (or the right to purchase 2,204,500 shares of Wells Fargo at $50). This is an abnormally sized bet for this stock and contract as the open interest was just 3,422 prior to this purchase. Wells Fargo ($WFC) reports earnings 1/15/19.
NYMO short term oscillator
Yesterday I put out a post about the AAII Sentiment survey and that it would potentially portend a few days to a week of sideways/possibly down consolidation to work off the short term exuberance. Another short term indicator I have used for many years is the NYMO or the NYSE McClellan Oscillator Continue reading “NYMO short term oscillator”
What I’m reading today…
- Big Carvana Holder Buys Up More Stock (Barron’s)
- Robot Chefs Ready To Make You Burgers, Fries, Bread, Coffee (Investor’s Business Daily)
- The Yield Curve Is Warning Investors to Exit Bank Loans (Barron’s)
- Junk-Bond Sale Ends 40-Day Market Drought (Wall Street Journal)
- Investors Were Spooked About Profits. Now Come the Facts (New York Times)
- Roku aims to expand cord cutting ()
- ‘Extraordinary’ Month Heaps Further Pain on Hedge Funds (Bloomberg)
- Beaten-down value stocks will see a 2019 comeback (CNBC)
Unusual Option Activity
Insider Buying
Insiders seemed unfazed by the additional ~47.7% drop in $LJPC La Jolla Pharmaceutical Company on Jan 7 – as they have been in the market scooping up shares since the company announced preliminary operating Continue reading “Insider Buying”
What I’m reading today…
- These 6 stocks rose after downgrades. That’s a good sign: (Barron’s)
- Stock Markets Could Get a Lift From These 3 Things: (Barron’s)
- Computer Models to Investors: Short Everything: (Wall Street Journal)
- Should You Fear the Yield Curve? (Wall Street Journal)
- Fed Ready to Pause on Interest Rate Increases (New York Times)
- PayPal Quietly Took Over the Checkout Button (Bloomberg)
- Beijing says latest US-China trade talks made progress on forced tech transfers (CNBC)
- Twitter named a 2019 best Internet idea at JPMorgan: (The Fly)
- Legendary Hedge fund manager Jeffrey Vinik believes the current bull market could last another 10 years (CNBC)