ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Last week, I updated the data on the Apple (AAPL) pre-earnings trade in a piece called “The Apple Pre-Earnings Trade: October, 2015 Edition – An Important Juncture.” I concluded that the main trade for AAPL going into earnings October 27, 2015 is to fade the 7-day average daily price change. Not including today (the 27th), … Read more
At the timing of writing, Apple (AAPL) is up 0.6% for the year, essentially flat. When I last wrote about the Apple pre-earnings trade back in January, I looked back at the December 1, 2014 “flash dip” in AAPL’s stock as a lingering harbinger of more selling to come. As it turned out, AAPL sold … Read more
When Meritage Homes (MTH) lowered guidance on September 9, 2015, the nation’s seventh largest homebuilder blamed several factors: A delay in closing homes. This was the most concerning explanation because the company provided no further details on it. Increased labor costs. These costs impacted margins. The problem was particularly acute in MTH’s major markets of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 19, 2014. Click here to read the entire piece.) {snip} An analyst asked this timely question during the November 11, 2014 earnings call for LGI Homes (LGIH). The quote comes from the Seeking Alpha transcript of that earnings call. Charles … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2015. Click here to read the entire piece.) After regional homebuilder LGI Homes (LGIH) produced stellar earnings results earlier this month, I had high hopes for Century Communities (CCS) as well. CCS’s results for its second quarter were good, … Read more