|Day Low/High||255.46 / 262.20|
|52 Wk Low/High||88.69 / 305.66|
The economy is shaky and the fear is real, but at some point the bad news overloads us, and we have to start looking for the green shoots.
When the central bank is on top of their game as they have been of late, credit must go where credit is due.
* To everything there is a season... * This might be a time to build up and not to break down "To everything (turn, turn, turn) There is a season (turn, turn, turn) And a time to every purpose, under heaven A time to be born, a time to die A time to...
I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...
After gapping lower, the market saw its all-too familiar rally occur. As mentioned in my Diary, I sold short into the strength (adding a layer of trading shorts on top of my investment short position). Down, up, down. The rally from the lows was st...
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." - Walter Deemer "When the t...
"Just one more thing." -- Lt. Columbo I neglected to mention that UBS has upgraded FedEx . FDX was +5% on Friday and up again today following a company announcement that it is improving its delivery efficiency and reducing costs. I placed FDX on my ...
FedEx shares are trading up after the company said it is optimizing last-mile residential deliveries that will drive costs lower. Funny what happens when you give customers what they want!
The further afield stocks get, the more likely they are to come back toward normal, rather than become more extreme.
There's good spend, bad spend, and no spend.
For those that are keeping score, I am very liquid today... Longs: , , , , , , , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...
In the last two days, the resilience in the market has been narrowing, not expanding, and that makes it hard to love.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Break in! FedEx +3% on a report that Amazon is lifting the ban on FDX for third party ground delivery!
Disney's chart continues to show some signs of rolling over. By contrast, FedEx (+$2.80/share yesterday) is a welcome upside surprise.
Even going up all the time isn't healthy, but at least the small caps finally arrived -- late -- to the show.
* In 2019 equities rose far faster and interest rates fell sharper than the consensus expected * 2020 could be a year of out-of-the-VIX thinking and mean reversion in valuations/stock prices as profits, politics, geopolitical events and other uncert...
Remember a Berkshire acquisition of FedEx is one of my 15 Surprises for 2020. Yesterday Boeing, today FedEx takeover rumor. Buffett must be busy — zerohedge (@zerohedge) January 8, 2020
* Market breadth -300 issues. * Twitter , despite some protestations from financial media playas, getting jiggy. * Banks back off for the second day in a row after some Sell Side downgrades. (Many of my holdings recently came within 10% of my year e...
While this name may not appear like it's ready to pump up, I have some good reasons to invest in it.
Like several large cap stocks, FedEx had a remarkable intraday turn from the morning (and for no apparent reason). Check out the chart. I have been steadily adding to this name over the last week.
Beyond an algorithmic reaction, I do not expect an overtly positive market reaction when pen is put to paper on Phase One.