Earlier this month, Target released its Q4 2017 results alongside 2018 guidance. The release brought with it selling pressure on the stock, which has yet to recover and as the broader market experiences steep declines. Much of the reaction to the Q4 2017 results was a result of a stock price that had stormed higher…...
Long-term investing is largely about corporate earnings, sales and the ability of a corporation to deliver a reasonable return on invested capital to its respective shareholder base. Sometimes, however, investors do need to calculate other variables as a means of setting investing goals and expectations for invested capital returns. While economic conditions should always be…...
As the recovery from the 2018 correction continues, we evaluate price action through visual charts to determine what moves are likely in the coming days. As it stands, we remain in a corrective state until we see a breach of new highs to comfortably say the upward trend continues. Looking at the chart above, we…...
That was a pretty bullish end to an otherwise fear littered week that centered on two major points of interest, trade tariffs that could possibly lead to a trade war and the Nonfarm Payroll report that brought with it wage inflation data. Prior to these two highly hyped market realizations coming into focus I offered…...
After a rather rocky road traveled in the first half of 2017, J.C. Penney sales results improved dramatically in the latter parts of the calendar year. J.C. Penny, a retailer gone awry after decades of success some might say. In 2018, J.C. Penny will look to recapture some of that long lost success. On the…...
This week is likely to prove a considerably important week as equity markets have gyrated back and forth throughout February and through the first couple of trading days in March. Stability in equity markets is needed to recapture investor confidence and without said stability a retesting of the February lows is a probable consequence. Some…...
On February 27, 2018, Macy’s reported its Q4 2017 and FY17 results. With some retailers and especially Macy’s, following the numbers for the 4th quarter can be cumbersome, as they had offered holiday sales guidance updates previously. On January 4, 2018, Macy’s offered its November and December 2017 sales in a press release as follows:…...
Despite the recent level setting of market expectations and more recent equilibrium found in the major indices, I wouldn’t sound the “all clear” bells just yet. After bouncing off of key levels during the greater than 10% market correction, all 3 major averages finished higher last week. The Dow rose 0.4% over the week while…...
As we come into the final trading days of February, we’ve had some pretty technically responsive price action as stocks continue to recover from the correction that took place earlier this month. We mentioned in the previous technical report that the SPX had put in a double bottom pattern and we were awaiting prices to…...
In light of declining volatility – the VIX index and its term structure started to normalize Wednesday – where could this market head and what type of hedges are of the best value with option premium still at elevated levels? To recognize the probability paths is to understand the market oddities involved in the Volatility…...
