We took a look at some of the past movements of a group of companies reporting in the first week after June options expiration to see what kind of movements some of the big names reporting that week to form some earnings positions on the stocks we like. The companies we covered in the report are Adobe (ADBE), CarMax (KMX), Carnival (CCL), Discover (DFS), FedEx (FDX), Oracle (ORCL), and Redhat (RHT).
Here was what we found as for average gains these companies have made over the past eight quarters from three weeks prior to earnings to the day before earnings date:
Continue reading “Dollar and Sense: Earnings Analysis on FedEx, Oracle, Carnival, and More” »
Market Outlook
The market is correcting a bit this morning on the back of European fears over a possible Greece exit from the EU. The EU is having a summit in June and having an informal dinner tonight that the market is selling off on. When fear comes into the market, it is usually in the way of the EuroZone, which is thus creating a rise in the dollar. That rise hurts our equities. At the same time, we do have New Home Sales today and the market is only selling off in anticipation of the meeting rather than on actual news, so things could easily reverse tomorrow. The New Home Sales at 10AM will probably predict the severity of today's losses, but even with a good report, its hard to imagine the market completely reversing and going green today. We continue to remain very balanced in our approach. Dell earnings and Facebook IPO weakness are not helping the market as well today.
Current Positions
Continue reading “The Oxen Report: Market Rolling Over, Europe and Data Loom” »
Market Opinion: The S&P500 had an interesting closed yesterday rallying in the final 10minutes. The remainder of this week will show whether the or not the recent rally is a dead cat bounce in the S&P. As for individuals stocks I’m looking to take advantage of premium on CME Group (CME) in the 230/220 June bull put spread. I’m still interested in a Microsoft (MSFT) bull put spread at the 26/25 level for June…but we can only invest in the position if the stock falls further… I’m still interested in Caterpillar (CAT) my estimated max low for the stock on Jun’15 is $93.32 which is basically where the stock is trading now. For now besides my interest in opening a position in CME, we may open a new bull put spread in Direct TV (DTV) today.
Continue reading “Option Spread Portfolio – Looking for Low Volatility? Try Direct TV!” »
There is no doubt some stocks have been beat down these last couple of weeks. But with the last two days showing a sign of hope we will take a look at the charts of four great companies affected by the recent sell off that are showing signs of life again. Should you buy the chart?
Footlocker (FL):
Continue reading “Buy the Chart: FL, PHM, TRIP, YUM” »
Market Outlook
The market had a nice day yesterday, and it is continuing to rebound some today after some positive news from existing homes sales. While existing home sales missed, coming in at 4.62M, they improved month-over-month and also saw prices rise 10%. That recovery of the housing market has been a bright spot in 2012 even if its a very small improvement and could be based in a lot of flipping of distressed homes and not true organic growth. Europe continues to reverse its recent trend and strength there helps our markets a lot. Overall, we are bouncing off some support levels and have the ability to continue higher as the volume is not there.
Current Positions
Continue reading “The Oxen Report: Market Warming Up This Week, Can It Last?” »
