HOG Bears Take Joyride Ahead of Earnings
HOG Unusual Option Activity Report It appears that there may be some trepidation for Harley-Davidson Inc (NYSE: HOG) investors headed into tomorrow’s earnings report. The price closed above recent resistance on Friday near $29.50 but finds itself 4.2% lower early Monday. The company will announce their earnings Tuesday morning before the open. It appears that…
Great October For Regional Banks
Another Rally For Small Caps The stock market increased slightly on Friday as the small caps outperformed again. Trend has been in favor of banks because the yield curve has been steepening and the long bond has been selling off. This hasn’t exactly been bad for growth tech stocks. Yields aren’t high enough for them…
Why The Super Bowl Could Symbolize Economic Healing
Spending By City Consumer spending isn’t correlated with the cities with the largest COVID-19 outbreaks. It’s more about the economic restrictions. That's not saying the economy would be fine without the restrictions. It's just looking at the data in the table below and comparing it to the spike in cases in the fall. For example,…
KRE Gets 'Most Unusual Option Trade' Award
KRE Unusual Option Activity Report During my daily classes on TheoTrade, I’ve been discussing the bullish option activity in regional banks for several weeks. Before the recent rally got started, there were several unusual option trades which were pointing to a bullish move. If you missed it, check out this post today discussing some of…
GE Option Activity Indicating Bullish Earnings Move
GE Unusual Option Activity Over the last few weeks, the share price of General Electric (NYSE: GE) has been ripping higher. The movement comes as the company is set to announce their earnings on October 28 before the market open. Although the price has rallied over 30% during this period, it is still down over…
Regional Banks Hot As Yields Rise
Another Rally In Regional Banks The stock market rallied modestly on Thursday with the small caps doing the best because of the financials. S&P 500 rose 52 basis points, the Nasdaq was up 19 basis points, and the Russell 2000 rose 1.65%. Despite tech lagging. Snap exploded again. The stock rose 7% to a new…
Labor Market Gets Back To Improving
Fantastic Jobless Claims Based on the recent jobless claims reports, we were all expecting another weak reading. Instead we got a strong downward revision and a decline this past week. California came back to the fold after a 3 week hiatus. First week they accepted claims, there was probably a huge backlog to deal with.…
Sonos Inc (NASDAQ: SONO) Turns Up the Option Volume
SONO Unusual Option Activity Report The share price of Sonos Inc surged nearly 7% higher at the time of this writing. The move is a significant breakout on substantial volume. It was the analyst upgrade at Bank of America that sparked the enthusiasm. The analyst, John Babcock, upgraded his recommendation to a buy form a…
Is TJX Companies Inc (NYSE: TJX) a Buy Before Earnings?
TJX Unusual Option Activity Report It’s hard to imagine that TJX Companies, which had to close all of its stores and furlough it’s employees, is near a 52-week high, but it is. After all, this is a single channel brick and mortar company owns stores like T.J. Maxx, Marshall’s and Home Goods. TJX is an…
Tesla Still Can’t Make A Profit From Its Actual Business
Another Modest Decline The stock market fell modestly on Wednesday with the small caps falling the hardest despite the outperformance of the banks. That’s because small cap growth stocks were weak again. It appears that the market is dealing with a bunch of factors at once. We have the uncertainty over the election. It’s worried…
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