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…
Beige Book Index Snaps Back But Restaurants Still In Trouble
Job Postings Improve As you know, the initial jobless claims reading was poor last week. It didn’t include California data, but the rest of the country was weak. We should get the California data in the next 1-2 weeks. Initial claims report this week is expected to show an additional 865,000 claims which is just…
Expected Move Says this is a High Probability
Market see choppy day as stimulus talks continue to whipsaw price action. Let's look at what's expected for the rest of the week. Things can still get very wild. Here's why…
Energy Bulls Making Their Way Back Home
Energy Unusual Option Activity Report It was two weeks ago that I posted an article on the bullish option activity on energy stocks. The prices of these companies haven’t exactly taken off like geyser, but the price activity hasn’t exactly been bearish. This is one of the limitations when a lot of the activity it…
Corporate Bonds (LQD) Gets a Vote from Options Market
LQD Unusual Option Activity Report Investment grade bonds have been selling along side U.S. Treasuries as inflation fears are ramping up on stimulus talk. As the price of the iShares iBoxx Investment Grade Corporate Bond ETF (NYSEARCA: LQD) is testing recent support near $134.50, a large bullish option trade was made early Wednesday. Bonds &…
Treasuries Selloff On Stimulus Hopes
Modest Rally On Stimulus Murmurs The stock market rallied sharply on Tuesday before giving up much of the gains in the afternoon. At the peak, the market was up 1.4% and it closed up 47 basis points. Rumors are swirling about vaccines, treatments, and a stimulus deal. Pelosi changed her deadline from Tuesday to the…
Single Family Housing Permits Hit A Cycle High - No Bubble This Time
Redbook Recovers Obviously, each Redbook same store sales report is just one week of data, but some readings are very interesting. In the week of October 17th, same store sales growth rose from 1.2% to 2.5% which is a good sign because it seemed like the economy was falling back quickly. This isn’t a good…
Earnings Surprises and Stimulus Doubts
We had big intraday moves up and down on the "stimulus on! stimulus off" headline news as they developed the day and yet price ended the day right where it started. We'll continue focusing on this for the rest of the week as we update positions and opportunities in stocks releasing earnings. In tonight's video,…
Disney is a Happy Place for Option Bulls
Disney Unusual Option Activity Report Walt Disney Co (NYSE: DIS) is still searching for a resolution to the closure of their California park. That hasn’t dissuaded investors and the option market from taking bullish trading opportunities. Although the ride has been as crazy as Mr. Toad’s Wild Ride, it has proven profitable. As the price…