MorningWord 4/23/14: Rotting Apple

MorningWord

Monday we previewed Apple's fiscal Q2, which is tonight after the close (read here). The options market is implying about a 3.5% one day move, which is a tad shy of the avg over the last 4 qtrs of … [Read more...]

New Trade $NFLX – Bounce of Cards

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NFLX is higher today on an earnings beat and the announcement that it will be raising prices for new customers. The stock had been pummeled lately in the high flyer selloff and has now bounced back to … [Read more...]

MorningWord 4/22/14: For the WYNN

MorningWord

CORRECTION as of 11:18 am:  When I wrote the WYNN post this morning we were under the impression that the company reported Q1 earnings tonight after the close, which is apparently not the case.  A … [Read more...]

Apple Fiscal Q2 Earnings Preview

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Event:  Apple is scheduled to report their fiscal Q2 earnings Wednesday after the close.  The options market is implying about a 3.5% one day move which is shy of the 4 qtr avg of about 4% and the 8 … [Read more...]

New Trade – IBM: Rolling Bearish View

Eye-Bee-M-IBM-Paul-Rand-logo

Last week we placed a near term bearish trade in IBM after its 15% rally into last night's Q1 report on the belief that the results would not support the stock's recent strength (see below). We … [Read more...]