REITs are getting beat up pretty good today, down 1-4% (exception being the mortgage REITs). I may have to watch these towards the close for some oversold action!
very well done, i appreciate the analysis, as i was also interested in AMZN, although im hoping it comes in a little more before i pull the trigger, i was looking for that 690-700 area to take a position.
Picked up AIV at $40.86 for a short-term hold. This REIT goes ex-divi tomorrow, so I captured a $.33/share payout on a day when it entered severely oversold territory dropping just over 4% today from Monday's close.
im also keeping my eye on O , i am trying to be patient, i dont think the rotation is done yet, if i could get O around $49, i would buy.
I feel ripped off today. I took a position in a pairs trade of ES and NQ and made 3 points, which is 12 ticks. Normally 12 ticks is quite the little scalp. But for me, this was just $12.50 profit. Anyone know how much you make after fee's? Anyone? You pay $1.22. That's right, I actually lost money with the trade going 12 ticks in my favor. I guess that's why people don't do futures pairs trades?
Good Wednesday morning Stockaholics! Spoiler: 11/16 Wednesday's Stock News Movers: LOW, TGT, DIS, LULU, FIT, BAC, GPS, MSFT, UBS, WBA, SQ 11/16 Wednesday's Stock News Movers: LOW, TGT, DIS, LULU, FIT, BAC, GPS, MSFT, UBS, WBA, SQGood day Stockaholics! Happy Wednesday! Frontrunning: November 16 U.S. stock futures slip as post-election rally slows (Reuters) Pence Ousts Lobbyists From Transition Team (WSJ) Infighting hits Trump’s foreign policy transition (FT) Trump’s Win and Transition Turmoil Buy Time for FBI Chief Comey (BBG) Elizabeth Warren Sends Donald Trump Letter Criticizing Transition Team’s Wall Street Ties (WSJ) Saudi Arabia set to reveal depth of oil reserves (FT) China Discovers the Price of Global Power: Soldiers Returning in Caskets (WSJ) Populism Takes Over the World (BBG) Citadel looking into becoming a Treasury primary dealer (FT) Snapchat Files for $25 Billion IPO (WSJ) French Election Turns on Issue of Identity (WSJ) Former Wall Street boss forks over $500K to settle dispute (Post) Almost 500 migrants reach Italy, more deaths reported at sea (Reuters) Kerry arrives at climate negotiations overshadowed by Trump (Reuters) Fake Content Pressures Facebook, Google (WSJ) Another Financial Warning Sign Is Flashing in China (BBG) How Hedging and a Certain Someone Upended the Peso (BBG) Here are some SEC rules that may weaken under Trump (Reuters) Fed’s Bullard Leans Toward Backing December Rate Rise (WSJ) Macron Declares Bid for French Presidency as Pro-EU Liberal (BBG) Sanctuary-City Mayors Gird for Fight as Trump Threatens Budgets (BBG) The Best and Worst Countries to Be a Rich CEO (BBG) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): DRYS CGC.CA TGT CSCO LOW BZUN LULU STRP JKS PTLA WFC TDOC EVOK EGLE CRWS BAC TSL ACM YRD GLP WDR HMNY ZYNE THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Lowe's — The home improvement retailer earned an adjusted 88 cents per share for the third quarter, missing estimates by eight cents a share. Revenue was also below forecasts. Same-store sales rose 2.7 percent, falling short of the Thomson Reuters consensus estimate of a 2.9 percent increase. Lowe's also warned it may not meet prior sales guidance. Target — The retailer beat estimates by 19 cents a share, with adjusted quarterly profit of $1.04 per share. Revenue was above forecasts, as well. Same-store sales were down 0.2 percent, less than the 1.1 percent that analysts were forecasting. Target also raised current-quarter guidance for comparable-store sales and gave earnings guidance above Street estimates. Walt Disney — Deutsche Bank upgraded Disney to "buy" from "hold," with a price target of $112 per share. Deutsche Bank said it now has more confidence in Disney's projection of a return to double-digit earnings growth in 2018. Lululemon — Credit Suisse cut the yoga wear maker's stock to "neutral" from " outperform," citing an increase in "markdown intensity" among other factors. Fitbit — Pacific Crest upgraded the maker of wearable fitness devices to "sector weight" from "underweight." The firm said the stock now more fully reflects the skepticism that it expressed in its late September downgrade, which mentioned the maturing of the market providing additional headwinds for Fitbit. Bank of America, Capital One, Fifth Third — Baird downgraded the three bank stocks (to "neutral" from "outperform" for BofA and Capital One, to "underperform" from "neutral" for Fifth Third). Baird said the rally in financial stocks after the election has already built in the potential benefits from rising interest rates and lower tax rates. Gap — The apparel retailer named Teri List-Stoll as chief financial officer effective January 17. List-Stoll was previously CFO at Dick's Sporting Goods and Kraft Foods. The company had announced the departure of current CFO Sabrina Simmons earlier this month. Microsoft — Microsoft is offering concessions to European Union regulators to win approval for its $26 billion deal to buy LinkedIn. Officials had expressed concerns about the deal in a meeting with Microsoft executives last week. UBS — UBS said it would not change its presence in London in the foreseeable future. The Swiss bank's chairman Axel Weber said UBS would wait and see "where the dust settles" following Britain's vote to leave the European Union. Walgreens Boots Alliance — Walgreens claimed in court papers that medical testing lab Theranos voided 11.3 percent of all blood tests provided to customers at Walgreens. The drugstore chain is suing Theranos for alleged breach of contract. Square — Chief Executive Officer Jack Dorsey has filed a plan to sell up to seven percent of his shares in the mobile payments company in the next 12 months, with Dorsey planning to use the funds for financial and tax planning, as well as funding his Start Small Foundation. Have a good trading day to everyone in here on this Wednesday!
Winding back the clock to last week, I pick DRYS at $4.50 Bwaaahahahahaha!! Man, that is just NUTS!!!
nice ... i just noticed that i finally passed the big 3k posts on stockaholics lol i remember it took me about 5 years to reach that very milestone on the old hsm ... but less than a year here ... stockaholics ftw! haha i honestly don't think this would have even been possible w/o the great contributions from all of the members here who make up this amazingly awesome community then and now (going back since 2006 for me on the old boards!) thx to all who make this place great and have been for years! i seriously cannot thank y'alls enough! you guys rock
Earnings before the open tomorrow morning: ($WMT $BBY $SPLS $SJM $PLCE $SPB $SMRT $PERY $EDAP $JASO $MANU $FLY $HP $BONT $CATO $SSI $LQDT $PNTR)
