Bearish on SBUX earnings, between inflation cutting into people's budget and rising labor and material costs, I think they miss
Also overbought on daily MFI with RSI divergence
Also overbought on daily MFI with RSI divergence
Comment:
They also closed 16 stores in July over "safety", but I really think it's cost containment
Comment:
Revenue up and they beat estimates but margins are down 400 basis points and profit is less than last year.
Looks like it'll gap up by a buck or two tomorrow because they "beat", but just gonna hold my puts because there won't be any follow through.
What's interesting is they withheld guidance, and that usually causes a stock to tank. If they pump it in the morning I might buy next week's puts.
Looks like it'll gap up by a buck or two tomorrow because they "beat", but just gonna hold my puts because there won't be any follow through.
What's interesting is they withheld guidance, and that usually causes a stock to tank. If they pump it in the morning I might buy next week's puts.
Comment:
Light AH volume at 460k, resistance at yesterday's top. I think the end result will be like last quarter where it started to drop the day after. Might buy puts EOD tomorrow.
Not gonna worry about it too much since I only bought 2 contracts, but might trade it since I'm watching it anyways.
Not gonna worry about it too much since I only bought 2 contracts, but might trade it since I'm watching it anyways.
Comment:
Earnings a non-event aside from the gap up.
Looks like it;s gonna trade with the market
Looks like it;s gonna trade with the market
Order cancelled:
Failed trade, made my money back shorting WMT. took this off my list.
Earnings is a crap shoot.