Morning Update
On Monday Yum Brands reported that fourth quarter sales dropped 6% in China, the first drop in 3 years. CFO Patrick Grismer added on the conference call that comparable s…
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The Ripple Effect
Market commentary, volatility insights, and media appearances.
821 articles
Morning Update
Tomorrow after the close Allstate Corp will report 4th quarter earnings and option traders are betting they will be good. Yesterday one trader bought 10,000 February 45 c…
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On Friday before the open Exxon reported fourth quarter earnings of $2.20 per share versus $2.00 estimated. Revenue was down 5.3% to $115.17 billion, just missing estimat…
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This morning the January NFP report was released. It showed the economy added 157,000 jobs, ticking up the unemployment rate to 7.9%. Overall the report was in line with …
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Yesterday was a big day for RIM, who officially launched the BB10 and announced a name change from Research in Motion to BlackBerry (symbol BBRY). The change confirms wha…
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This morning markets were moving pre-open on the unexpected news that Q4 US real GDP contracted 0.1% on expectations for a 1% increase. The news caused a kneejerk reactio…
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On January 24th Oppenheimer upgraded shares of Bed Bath and Beyond to Outperform with a price target of $71. The stock took off and traded to a high of 59.95 on Friday be…
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After Thursday’s market close Starbuck’s reported fourth quarter earnings that beat expectations and sent that the shares 4.1% higher on Friday. The company reported reve…
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Since the beginning of 2013 the VIX has fallen over 30% and is now at lows not seen since 2007. But one trader believes that this could soon change: yesterday someone bou…
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The earning season continued yesterday with a big beat from Net Flicks and a miss from Apple. Apple is down a little over 10% ahead of the open, which is dragging the NAS…
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Yesterday a week of big tech earnings was kicked off with Google, who beat expectations and is seeing its shares higher by 5%. IBM is also higher by 5% after a solid four…
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This week market focus is likely to be on US earnings, with many large, widely held company’s reporting. Tomorrow Apple will report after the close in what will be one of…
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Yesterday one option trader placed a big bet for the rest of 2013 by buying 86,200 shares of Whole Foods at 89.82 and selling 862 Jan. 2014 98 calls for 6.50. This covere…
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GM’s shares have been on a tear since July but sold off more than 4% yesterday as investors digested the company’s potentially weaker earnings outlook in 2013. In 2012 US…
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Yesterday Seagate Technology closed up 1.4% on the day, easily outpacing the broad markets gains. However option trading on the stock was only mildly bullish. Option volu…
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The economic news this morning is mixed with retail sales coming in at a surprisingly strong 0.5% increase while the Empire State Manufacturing Index missed big, printing…
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Yesterday Delta Airlines gaped up and traded at it highest level since 2011 before finishing the day up 1.5% but off of its highs. The stock saw heavy call trading, sendi…
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Risk assets are higher across the board this morning after the ECB left rates unchanged, as expected. At the December meeting some members of the board had voted for lowe…
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Yesterday was the second day in a row where the market was down and the VIX was down. However, the February VIX future was actually up on the day and closed 20% higher th…
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Yesterday the VIX continued its march lower, closing in the red along with the S&P 500. It is rare and unusual to see the VIX close down on the day when the market is dow…
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The week ahead is relatively light on data, with the notable US releases coming on Thursday with Jobless claims and Friday’s International Trade numbers. Overseas there w…
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Last night Asian markets rallied hard after their holiday earlier this week to catch up to the S&P. Us markets on the other hand ended the day lower after the FOMC minute…
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Yesterday global markets saw a massive rally in nearly all risk assets following the passage of a fiscal cliff bill. The VIX had its biggest 2-day decline ever and the Ru…
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Yesterday’ trading session was extremely whippy as comments and rumors out of Capital Hill pushed markets first deep into the red and then back to unchanged on the day on…
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This morning US s5tock futures are indicating a higher open on the back of better than expected jobless claims and a lower dollar. However, the market’s main interest wil…
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Overnight volumes have been expected light ahead of the Christmas holiday. S&P 500 futures traded down to test Friday’s lows but have since bounced and are down small fro…
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Last night Speaker Boehner scraped the House’s vote on “Plan B” because there were not enough Republican votes to pass it. This sent stocks around the world tumbling and …
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Ahead of the US open global risk sentiment appears strong. Asian stock indices were up, led by the Nikkei (+2.39%) on reports that LDP and its coalition will pass a new U…
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Yesterday the market closed on the highs of the day in a follow through move from Friday’s reversal. The eMini S&P 500 futures punched through the technically significant…
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This week all eyes will again be on the fiscal cliff negotiations in Washington, with comments from Congress driving the market. Over the weekend The Hill reported that B…
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