Today's reaction is not only about China, or the missed expectations... it's also about lowered guidance for profitability.
I don't see a lot of reason to trust there will be sustained upside action at this point.
FL's sneakers aren't selling up to expectations.
The action we are seeing is very similar to what occurred back on May 13 and 14.
Don't buy any upbeat presidential tweets, the likelihood of a trade deal is receding fast.
Why have things gotten so grim? Oh, let me count the ways.
This is a play on a long-term, not a short-term directional trade I normally like.
Musk's move into China faces pressing macro concerns.
China trade is the president's 'immunity idol.'
This is not the worst stock to own in my opinion, and may be worthy of a small purchase on a discount on a different day.