Hedge Fund Tips

Earnings Estimates Down, Price Up

Chart/Data Source: FactSet

As you can see in the above chart, the S&P 500 climbed for the first two months of the year while earnings estimates for Q1 and 2019 full year declined. CY 2019 Earnings Estimates are currently as follows: Continue reading “Earnings Estimates Down, Price Up”

Hedge Fund Tips (PCN) – Position Completion Notification

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Be in the know. 10 key reads for Friday…

One of Wall Street’s Most Popular Trading Strategies Is Now Failing (Bloomberg)
Trade of the Day: Boeing Stock Hits Record Overbought Level (Yahoo)
Trump warns he could abandon China trade deal as advisers tout progress (Reuters)
Tesla stock soft after Elon Musk warns it won’t be profitable in Q1 (Business Insider)
Tesla announces long-promised $35,000 Model 3 (USA Today)
These two charts suggest the rally could go from good to bad in the short term (CNBC)
Uber and Lyft Said to Offer Drivers a Chance to Participate in I.P.O.s (New York Times)
Mattel Insiders Are Buying Up the Toy Maker’s Stock (Barron’s)
Gap to Split Into Two Public Companies (Wall Street Journal)
David Einhorn, hedge-fund manager says he will make fewer, bigger bets (Wall Street Journal)

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Unusual Options Activity

Today some institution/fund purchased 40,962 contracts of April $18 strike calls (or the right to buy 4,096,200 shares of Marathon Oil Corp. (MRO) at $18). The open interest was just 3,402 prior to this purchase. Continue reading “Unusual Options Activity”

Insider Buying

On February 27, 2019, Robert Henry– Director of Devon Energy Corp. – (DVN) – purchased 11,651 shares of DVN at ~$30.01. His out of pocket cost was $349,647.

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Hedge Fund Trade Tip (PIN) – Position Idea Notification

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Hedge Fund Tips (PCN) – Position Completion Notification

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Warning signs from AAII Sentiment Survey results this morning…

AAII Sentiment Survey results are out this morning. Bullishness is now up OVER the 40 level – which usually marks market reversals. Bearishness has collapsed. In the S&P500 chart below I have noted those dates in the recent Continue reading “Warning signs from AAII Sentiment Survey results this morning…”

Be in the know. 8 key reads for Thursday…

“Sometimes You Have To Walk”: Hanoi Summit Ends In Disarray As Trump Balks At Kim Demands For Sanctions Relief (Zero Hedge)
Never Before Has the Fate of Hedge Funds Turned on So Few Stocks (Bloomberg)
KKR, After Nailing the Rally in Stocks, Says It’s Time to Lighten Up (Bloomberg)
Auto loan delinquencies rise as the cost of monthly payments hit record high (CNBC)
U.S. trade chief sees long-term China challenges, continued tariff threat (Reuters)
A Stock-Market Forecasting Tool That Actually Works (MarketWatch)
U.S. Marijuana Retailer MedMen Burns Cash as Sales Grow (Barron’s)
Dalio Says Fed Pivot Means He’s Less Worried About Recession (Bloomberg)

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Unusual Options Activity

Today some institution/fund purchased 10,605 contracts of April $11 strike puts (or the right to sell short 1,060,500 shares of NIO, Inc (NIO) at $11). The open interest was just 1,455 prior to this purchase. Continue reading “Unusual Options Activity”