|Day Low/High||116.21 / 119.44|
|52 Wk Low/High||79.07 / 153.41|
Headline blur. What channel to watch? Who to listen to in real time? How to trade it? Should you trade it? Is anyone even trading anything?
The indices continue to consolidate, but concerns of stalling action are building.
Stocks go higher as bump in China-trade talks turns into bounce-back, and better charts begin to emerge.
It was a quiet day for the Averages but there was plenty of action underneath - in the relentless assault to higher levels: * Breadth, at 3:15 pm was -150 on the NYSE - steadily improving from the early morning. * Bonds rose in price and dropped in ...
Sometimes discipline "trumps" conviction. I took most of my loss in the Disney short in order to "live another day."
Despite its combination with Viacom, CBS has been a weak contender in the media world, and now is stacked up against offerings from Disney, Netflix, Apple and others.
Users of Disney's new streaming service are encountering glitches across a variety of devices. But when the service functions properly, there's a lot to like about it.
Things that make you go hmmm ahead of the Viacom merger.
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
Google's Project Nightingale exemplifies the headline risk facing big-cap tech names.
Another day in which the market bent a bit but didn't break: * At 3:30 p.m. market breadth is moderately negative (1,288 advancers, 1,677 decliners). * Bonds were virtually unchanged after the schmeissing last week. * Gold -$5/oz and crude oil -$0.3...
DIS is one of the best in creating worlds. That separates it from other media companies.
Checking the charts again after the House of Mouse's latest numbers.
Market leadership outside Apple, big banks, and now, Disney, is nearly nonexistent.
There are four possible headline risks that could put the kabosh on these markets.
* I covered some of my Disney short on the better EPS report, but added more shorts back as the stock climbed rapidly in after hours. I will have more on Disney later, but I am running out of the office shortly. Here is the Monarch Notes edition: D...
* The market's highs were made early and the low was made late - demonstrating some exhaustion. * Breadth steadily decayed as the day progressed (At 3:30 pm 1330 advancers, 1630 decliners) See Bob Farrell's remarks on breadth! * The key feature of t...
With near-term expectations high, a disappointing Q4 sales outlook is overshadowing Roku's strong account and usage growth figures.
I am staying short into the Disney earnings release after the close. I don't expect an upside quarter and I anticipate a mediocre 2020 guide. From October: There is probably no franchise or stock as admired as Disney (DIS) . Day after day, commentat...
As for pressure on the Chinese side, I think a September 17.8% decline in exports to the U.S. compounded on top of a 22% decline in August speaks for itself.
DIS is more likely to trade higher in the days ahead.
* Breadth was slightly negative on the day. * Gold and bond prices were down bigly. * The S&P closed near the day's low -- but nothing dramatic. * Retail (Macy's +5%) and financials were upside features. * Boeing up off a well received CNBC (+$7) in...
Although I don't want to make it a large play, I'm thinking a small risk reversal using spreads might be worth a shot.
* Well... maybe a mini P&G! * With a new and more focused CEO, Kraft 's shares now "have a chance" * The 3Q report provided a glimpse of opportunity for the company * It is not unreasonable to expect KHC shares to reach $40/share price by year-end 2...
Disney, Qualcomm and Square are among 75 key reports we are watching.
The outdoor apparel maker's shares declined Thursday even though it posted a solid earnings beat; Friday could hold a key to what is ahead for the stock.
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.
The two stocks provide high yields and a chance for growth.