DLTR tells us up front that their forward outlook doesn't include any impact from the spread of the coronavirus on supply chains nor consumer demand. That's unrealistic.
The charts of DLTR turned bearish long before the coronavirus became an "issue".
I would rather be long either Amazon, which I am, Costco, which I am, or Walmart, which I am not.
Even before the market's broad selloff the stock of the big retailer was showing signs of weakness.
I would not take an equity stake without messing around with net basis through the sale of what look to me to be well placed options mean to force profit taking, and/or adding at advantageous discounts.
Let's see if there's anything new on GE's charts.
Let's check out the charts and indicators to get a sense of the downside risk.
What we have witnessed in recent days would be Wall Street and corporate America in aggregate finding great difficulty in quantifying what is clearly at this point, unknowable.
As it stands now, I'm on the sidelines or a seller below $129.
Bob Chapek faces many challenges, but, look, he also led Disney's expansion into Asia, built up 'Star Wars' additions to the U.S. parks, and more.