Whenever these attacks occur, I’m always suspect of the cyber security shills. Just last week, CYBR got ass hammered after announcing bad earnings. Today the stock is higher because the globe got hacked — literally.
How convenient.
Lo and behold, the whole sector is lit up today, led by the retard in chief, FEYE.
Don’t fall for this shit. I’ve seen this scheme played out a hundred times. The time to own FEYE was Friday, not after today’s gorilla run for bananas.
All of the gimps are buying this sector today. Do you really want to buy the same stocks as them, the very weakest traders on the planet?
If you must play a hot sector, you’re better off with oil and gold.
Wall Street’a brightest, and often most corrupt, segment of the community have spoken this morning, by casting a pall upon the companies they disfavor or by blessing them with their grace — in turn helping create buoyancy in its shares.
Here are today’s highlights.
Chemours target raised to $55 from $45 at Susquehanna
J. C. Penney downgraded to Neutral from Buy at Buckingham Research
Exelon upgraded to Buy from Neutral at UBS
Stratasys downgraded to Underperform from Market Perform at William Blair
Lloyds Banking upgraded to Buy from Hold at Deutsche Bank
Applied Materials target raised to $50 at Needham ahead of the Q2 print; See srong guidance and more upside ahead
Cerner upgraded to Neutral from Underperform at BofA/Merrill
Elli Mae initiated with a Buy at BofA/Merrill; tgt $130
Laredo Petroleum upgraded to Equal Weight from Underweight at a boutique firm
WisdomTree upgraded to Buy from Neutral at Citigroup
Voxeljet AG upgraded to Outperform at Cowen
Tesla downgraded to Equal-Weight from Overweight at Morgan Stanley
Johnson & Johnson upgraded to Overweight from Neutral at JP Morgan
Salesforce.com target raised to $100 at BMO Capital Markets
Buffalo Wild Wings upgraded to Buy from Hold at Deutsche Bank
Starbucks upgraded to Buy from Hold at Deutsche Bank
Coach upgraded to Buy from Hold at Deutsche Bank
J. C. Penney, Michael Kors (KORS) both downgraded to Hold from Buy at Deutsche Bank
Guidewire Software upgraded to Neutral from Underperform at BofA/Merrill
Cisco Systems upgraded to Overweight from Equal-Weight at Morgan Stanley
Typically, I run these upgrades/downgrades via Twitter. Would you prefer it be done here? If so, say it now, else forever hold your penis.
The oil shills from both countries promised to ‘do whatever it takes’ to jimmy rig the price of crude higher, for at least another 9 months, through March of 2018. On that news, the price of WTI is Mcsoaring, higher by 3.3% for the day. Also, the dollar is getting hammered v the euro, by 0.37% — which is providing succor to the gold and silver markets. While gold is up an impressive 0.5%, silver steals the show with a 2% lift.
Copper has unchastened to the upside as well, higher by 1% in this morning’s lewd commodity extravaganza.
All of this nonsense has resulted in a market that is little changed. Futures are up 3 and the Homo-Euro-Erectai markets are marginally down to flat.
Smaller cap stocks were trending strong towards the end of last week, while large cap, big money stocks, fell. Couple this with the fortuitous bounce in gold and treasuries, and one could make a strong argument that to sell in May, NOW, is a good idea.
The tide might be turning and the price action might get extremely dour, and soon. Case in point, the VIX index has been ripping off the tits of index longs for the past year — almost uninterrupted. With all of the ‘two scoops’ business bogging down the Trump administration, rumors swirling about him going postal on his entire staff, there is a very real threat to all of his economic stimulus program suggestions. As such, you should head into this week’s trade with EXTREME caution.
My models suggest waiting out until Friday, to see if the broader indices outperform risk off assets. If not, and dare I say, stay out of stocks. There could be easy money to be made here on the short side, long bonds and gold too.
Or, there is a distinct chance that markets, in fact, recapture the old college spirit and give it another go. Either way, we will know by the end of next week.
The median return for all stocks, year to date, is +3.99%, according to Exodus — hardly anything to beat off to. There have been big winners in tech, casinos, healthcare, and banks, but have been mostly offset by deleterious drawdowns in retail, industrials, and basic materials.
From my vantage point, and I want you to listen to me very carefully as if you’re worthless lives depended on it, there are two ways to approach this sort of carnivale.
1. Intuition
2. Have a strategy
The former entails having talent. Sadly, most of you are bereft of it. The latter is something ALL of you can accomplish, even the most base creatures amongst you. In the days and weeks ahead, I intend to show you how Exodus (extra Billy Mays Hays) can accomplish this task — keeping you focused and with a plan.
Having talent is something that you’re born with, able to exploit until it’s gone. Any smart person knows his limitations and adapts to the environment, which entails limiting his exposure to his weaknesses. I believe it’s time to up the level of discourse here. No more pavement ape nonsense, instead favoring grander/smarter strategies, moving away from talentless subterfuge that only serves to blow up brokerage accounts.
Axios (former Politico shills) are reporting that their ‘sources’ say Trump is super mad, gonna clean the whole White House down with ajax powder, Mommy Dearest style, fire the whole lot: Priebus, Bannon, Don McGahn and Sean Spicer. No mention of cleaning the Kushner’s however. Perhaps Trump enjoys Jared’s idea of selling US citizenships to wealthy Chinese for $500k per pop.
At the urging of longtime friends and outside advisers, most of whom he consults after dark, President Trump is considering a “huge reboot” that could take out everyone from Chief of Staff Reince Priebus and chief strategist Steve Bannon, to counsel Don McGahn and press secretary Sean Spicer, White House sources tell me.
Trump is also irritated with several Cabinet members, the sources said.
“He’s frustrated, and angry at everyone,” said one of the confidants.
The conversations intensified this week as the aftermath of the Comey firing pushed the White House from chaos into crisis. Trump’s friends are telling him that many of his top aides don’t know how to work with him, and point out that his approval ratings aren’t rising, but the leaks are.
“The advice he’s getting is to go big — that he has nothing to lose,” the confidant said. “The question now is how big and how bold. I’m not sure he knows the answer to that yet.”
I am sure the shrill shills at Politco, err Axios, literally made up this story. Nonetheless, it’s a slow news night and many of you libtarded Hillary dick-suckers might appreciate the doom cast upon the Trump inner circle.
Correspondents from Time Magazine recently dined at the White House in the famed ‘blue room’ and were treated like savage animals. All went well with the enemies of America until dessert was prepared and served. As unbelievable as it might seem, the President made sure he was served not one, but TWO, scoops of iced cream, while everyone else got just 1.
These revelations have led to new outrage on the left, with the people demanding swift resignation from the President.
Trump takes TWO scoops of ice cream while everybody else gets ONE! Arrogant Asshole! #impeachTrump#IceCreamGate
— Impeach Donald Trump (@ImpeachPOTUS) May 13, 2017
Others on the right point out that President Obama was once seen with two scoops inside of a waffled cone.
Here are all recent oversold signals inside Exodus overlaid on top of a SPY chart. As you can see, the winship is impeccable. The gains are impenetrable.
Coming soon, I will be building financial models on top of the platform.
There are two top performing companies in the retail space now, W and AMZN. Everything else has been ripped to shreds. The death of the shopping mall is not being promoted enough, leaving mallfags with a false sense of security to believe that this ‘dip’ will bottom out and the good times will return again.
(ADJUSTS MICROPHONE)
Over the past 3 years, the median return for the department stores is DOWN 55%.
Over the past 3 years, Amazon is UP 215%.
For the past 12 months, all of the department stores, combined, posted revenues of $128.5b, with free cash flow of $1.45b. All of the apparel stores, aka the shit in the malls, posted revenues of $107b, with free cash flow of $6.4b. More than $4b of the free cash flow was produced by three companies: JWN, LB and ROST.
Amazon posted $113b, with free cash flow of $6.7b.
Quarterly revenue growth for the department store sector is down 5% over the past 12 month, whilst Amazon is higher by nearly 30%.
Now extrapolate these numbers over the next five years and tell me what the retail landscape will look like. Moreover, what will happen to all of the REITs will mall properties, dependent on dying retailers for their income?
There’s a reason why I’m mentioning this, as part of a greater overall thesis that I intend to talk about over the not-so-distant future. There is nothing wrong with using technicals to buy/sell stocks. However, ignoring the fundamentals is a sure-fire way of being caught off guard by an earnings warning, which could surprise rape you because you weren’t paying attention.
Quit being lazy. Screen out the bullshit. I have empirical evidence showing that buying companies with good fundamentals shatters the performance of those lacking. More on that later next week.
The windows operating system is a complete disgrace to the human species. Anyone who supports MSFT by purchasing their shitty products deserves to be afflicted by malware that fucking demands payment in bitcoin.
If this massive cyber attack has proved anything, it is this.
1. Bitcoin is going to be banned by the regulators. It is the preferred currency for illicit activities and a threat to central banks. It will fail.
2. MSFT is a shitty product. Buy an Apple.
Also, Proofpoint has been all over the news, trying to help stop the attack. This could be a tradeable moment for cyber security plays.
There used to be a time, pre-Amazon, when the US stock market was guided by the retail sector. It was exciting and invigorating. After all, we were betting on pure hedonism, swaths of overweight Americans heading out to their local shopping malls, Starbucks beverage in tow, to express their God given rights of consumerism. However, over the past decade, the black hole known as Amazon, coupled with the aging of our society and theft of the healthcare industry, that trade is all but dead.
It’s demoralizing, really.
I’m sure we can still figure out ways to make money in tech stocks and there will always be healthcare names worth pursuing. But the thought of our shopping malls becoming nothing more than vacant lots or storage facilities for Amazon, begs the question: what the fuck are we doing as a society?
The week that just past was littered with blow-outs in the retail sector, spearheaded by M, DDS, JWN and JCP.
On average, department stores dropped by 10% and apparel by 5%.
Over the past two years, the time in which Jeff Bezos quickened his ascendency to become the world’s wealthiest man, the department store industry is down a staggering 61%
