Abercrombie & Fitch Set For Further Gains
Specialty clothing retailer Abercrombie & Fitch (ANF) yesterday had a massive one-day rally after the company raised its forecast for the year and also exceeded estimates for the third quarter. One interesting note was that international sales were up a very strong 37% in the third quarter, which likely sparked new enthusiasm for the stock. […]
Beazer Homes Diverging From The Pack
While the broader U.S. stock market yesterday remained flat for the day, there were significant pockets of weakness in important groups of stocks. One such pocket was the home-builder stocks, which was led lower by Beazer Homes (BZH) after the company announced its fiscal fourth quarter earnings results. The majority of home-builder stocks however don’t […]
Two Stocks Worth Shorting
After three weeks of weak action in U.S. equities we are heading into a new week, greeted by a major storm in the Northeastern United States and thus an additional factor we must take into account. Who said this business was easy? The S&P 500 lost roughly 3.55% over the past two weeks after failing […]
Is Chipotle Mexican Grill A Buy Now?
Chipotle Mexican Grill (CMG) fell almost 15% on Friday after a badly-received earnings report. McDonald’s (MCD) also tumbled after its earnings release, not helping the industry group and spreading to competitor stocks such as Jack in the Box (JACK) as well. After having risen about 55% in 2011 Chipotle Mexican Grill (CMG) has reversed course […]
Monday Morning Market Thoughts October 22
Was last Friday’s price action a game changer? Likely not entirely but it does lead us to rest with one eye open. From a pure price action point of view what to0k roughly 2.5 days to accomplish on the up-side in the first half last week only took one day (Friday) to destroy again. Yes […]
S&P 500 Sector Performance Since All Time Highs
Since the beginning of the most recent financial crisis, stocks have seen both extreme volatility outbursts and extremely low volatility periods. Amidst all of the turbulence, confusion and doom and doom headlines, for the average investor it was difficult to see where real opportunity lies. While hindsight is 20/20 it is none the less notable how […]
‘QE Infinity’ Rally Retraced. Now What?
The first two weeks in September presented traders and investors with a major toggle as both the ECB and the Fed announced major further operations to stimulate economic growth. Both fundamental as well as technical analysis was nearly impossible to apply for the near-term because the structural (central planning) announcements would either cause a major […]
Are You Just Now Getting Bullish On Stocks?
Are You Just Now Getting Bullish On Stocks? If so, as long as you realize that risk/reward in the near-term is no longer as good as it was two months ago you are in good shape. To be fair however, there remains upside potential in stocks. A little perspective goes a long way: The S&P […]
stock idea short: KEG STX at a buy point
S&P 500: Our Next Upside Target
As long as today’s lows on the S&P 500 hold we see 1480 as the next upside target. Will we get a pop and drop once that target is hit? Too hard to tell yet, but the air gets thinner with every 10 points or so of upside.