|Day Low/High||183.75 / 185.04|
|52 Wk Low/High||158.09 / 215.43|
I think sometimes the best way to parse the temperament is to go over the most obviously 'wrong' moves and address why they might not be wrong at all.
Home Depot has 182 stores in Canada. The Canadian residential real estate market is in a clear slowdown. Here is a year over year home price index change in Canada: Source: Peter Boockvar I remain short HD.
Recent trading short rentals in two popular cyclicals, and (I recently added to both shorts this week), are beginning to pay off.
Why are big institutions running and can you outrace them?
In addition to larger Index shorts (in and ) in the last few weeks, I have taken about 10, new trading and investment shorts on - including Apple , Disney , Caterpillar , Home Depot , Microsoft and several others (that are too speculative to discuss...
However, the RMPIA did not see as much improvement last month as some other market indices.
Applying the old trading adage that stocks that are red in a sea of green often follow through to the downside - I am adding to my trading short rental in at $184.50 this morning.
* Further reducing gross longs * And increasing my overall net short exposure I have also moved my position from large-sized to medium-sized. (And I plan to stay there.) With the recent liquidation of , , and longs, profit taking in a substantial a...
* I stand with a calculator and a contrarian streak in my investment strategy * I have steadily expanded my net short exposure all week While I am respectful of price and momentum that, in part, have been influenced by the changing market structure,...
Here are my top 6 reasons why I sleep soundly at night.
What is most impressive about PANW is the revenue growth.
Recently I have made the following moves in my portfolios: * I have added to my and shorts. * I sold out my and longs. * I reduced the size (from large to medium) of my long holdings in and . * I initiated shorts in , and .
The fact that Fed Chair Powell knows that things are slowing down may be the best thing this market has going for it.
I'm content to wait for a price trigger on the weekly setup before jumping into action.
Why should we give HD the benefit of the doubt? Because the company cited the weather for the miss and I believe them when they say it.
Home Depot stock remains a safe if not particularly exciting play right now for investors, unless the economy really starts to slow.
The answer lies with guidance, and the economics of their consumer.
After eliminating a long, , adding two shorts, and , and expanding my and shorts (as Mr. Market ramped on a better consumer confidence print - which is non predictive to the markets), I have further expanded my overall net short exposure. I have a ...
Where to add now, if one is enticed to do so, based on the attractive plans to return some dough to the folks?
I have put on three new shorts in the last few days - Disney , Home Depot , and Caterpillar .
HD is lower in early Tuesday trading but where it closes is more important.
And stay away from under-capitalized, over-indebted shale producers that face pressure to limit capital expenditures.
In the end, everything really boils down to growth, or at least setting the stage for increased growth.
* I continue to avoid anything housing-related Danielle DiMartino Booth delivers more cautionary remarks about the US residential real estate market this morning: Ghosted by Housing VIPs The National Association of Home Builders (NAHB) survey is the...
"Stayed in bed all mornin' just to pass the time There's somethin' wrong here, there can be no denyin' One of us is changin', or maybe we've just stopped tryin'" --Carole King, It's Too Late Time passes so slowly if you are unware of it and so quick...