Mad Hedge Hot Tips
November 9, 2018
The Five Most Important Things That Happened Today
(and what to do about them)
1) Disney Earnings Soar, Stock Pops. Things are rocking at the Mouse House, announcing Disney+, the new streaming service. Better late than never. I made my donations at Orlando, Los Angeles, and Paris this year. $20 for a cheeseburger? Even Goofy would choke on that. At least in Paris, you can get it with cheap red wine. Click here.
2) ROKU Beats, Stock Slaughtered. Good thing I took profits on the stock on Monday. Down 28%, you would think the streaming company was having a going out of business sale. Crushing stocks on the earnings announcement, whether they are good or bad, has become a regular feature of the market. Just ask Netflix (NFLX). Time to buy. Click here.
3) A Supervising Adult is Brought in to Tesla, and the stock soars. Robin Denholm, the finance chief at Australian telecom firm Telstra, is the new chairman at Tesla. Now Elon can focus on building electric cars. Maybe he can get some sleep too. Click here.
4) Thai Businessman Buys Fortune Magazine for $150 Million, in another mark of the decline of print journalism. And I thought that I was the last reader of the rag put out by my former employer. Will the last one to leave please turn out the lights? Click here.
5) Producer Price Index Soars in October, up 0.6% versus 0.2% expected. Yikes, and double yikes! Inflation is here. Keep selling short those bonds (TLT)! Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(PLAYING THE SHORT SIDE WITH VERTICAL BEAR PUT SPREADS), (TLT)
(WHY TECHNICAL ANALYSIS DOESN’T WORK)
(FB), (AAPL), (AMZN), (GOOG), (MSFT), (VIX)
Note to readers: I am on call to fly spotter planes for the California fires so I may not be around on Monday. – John Thomas