Fitbit Is…Another Blue Apron / Snapchat

Shares of Fitbit (NYSE: FIT) was down 13% after they announced their fourth-quarter results this past week. While the company beat analyst estimates for both revenue and earnings, it issued disappointing guidance.

Wedbush analyst Michael Pachter wrote that the company’s “guidance for continued earnings losses is somewhat disappointing.”

Morgan Stanley analyst Yuuji Anderson reiterated his downbeat view of Fitbit’s prospects, writing that the company’s legacy device business “continues to overshadow new opportunities.” He’s concerned that “difficult demand trends in consumer wearables” will lead to an acceleration in cash burn and hurt Fitbit’s ability to generate earnings power.

Source

Fitbit was the pioneer in fitness

My TIMM Trading Pit Commentary – Wk Of 2/25/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

I wanted the upper level, price turned during the 10 am reversal and has formed another supply zone, might get a chance to still short this Market.

US equity markets gapped up today, looking to short the

Box Got Crushed

In 2005, one of Box’s founders the start up with money he earned from playing poker. Ten years later, the company went public and now serves 70% of the Fortune 500 companies.  

Box began as an enterprise-focused cloud storage company, but it’s been increasingly building out a platform on top of its cloud-storage product.  It provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device.

It was only three weeks ago Goldman Sach issued a buy rating with a $31 target price. The Goldman Sach’s analyst thinks Box as

FANG Stocks Don’t Have Nothing On Tandem Diabetes Care, Inc. – Part 2

Five months ago I wrote a post about Tandem Diabetes Care, Inc titled,

FANG Stocks Don’t Have Nothing On Tandem Diabetes Care, Inc.

Tandem Diabetes Care, Inc., a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States.

More than 100 million U.S. adults are now living with diabetes or prediabetes, according to a new report released today by the Centers for Disease Control and Prevention (CDC).

Tandem Diabetes Care’s products include t:slim X2 with Basal IQ, t:slim X2 with Control IQ, and the t:sport insulin delivery system and mobile health offerings. Tandem Diabetes Care (TNDM)

Steem Price Analysis: Please Don’t Do It Again!

A little over a month ago the price of steem ran up into the low 40 cent area.  It tested the top of this range we have been stuck and then just as it looked to break, woosh we got a bearish u-turn pattern and back down we went to the middle of the range.
New Move, Same Story?
If you look at the daily chart in this post you can see we are right back to that spot again, that same area that is circled in gold from a month ago.
At this point, things are looking eerily similar.
There is still plenty

Square Is No Circle

I would think Square needs no introduction but, Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company’s commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions.

Square announced earnings this past week. The company reported stronger-than-expected fourth-quarter financial results, but disappointed investors when they forecast their numbers for the first quarter.  On the news the stock price dropped after hours and opened right in a daily demand zone this morning.

I have come to like Square over the last 12 months, not because

Unusual Options Activity In GE

Two month ago, I talked about how GE had bottomed and a close above the $8 level would confirm that bottom,

Has GE Bottomed???

But before considering going long, the conviction for me would be if price can pull back to the daily demand at $6.75, then take out the $8 level, the bottom in GE would be more convincing at that point.

One month ago, I talked about since price closed above $8, the next two levels I was targeting was daily supply at $10 and $11.50.

Has GE Bottomed??? – Part 2

Both levels were hit, but now price

Caterpillar Back In Its Cocoon

The EU recently stated that it would impose 20 billion euros ($22.7 billion) worth of tariffs on U.S. products if President Donald Trump follows through on a threat to impose automotive duties against EU.  And one of those companies being targeted is Caterpillar.

If you can recall, Caterpillar, announced earnings last month and had its biggest profit miss in a decade on worries over trade tensions.  This past week Caterpillar was on the receiving end of more bad news.

Shares of Caterpillar Inc. sank Tuesday, after UBS swung to bearish from bullish on the belief that more than half of the company’s

Unusual Options Activity In Bed, Bath and Beyond

I was expecting Bed, Bath and Beyond to sell off in January after announcing earnings.  But the stock price went the opposite direction, jumping nearly 17% on the back of earnings.

The company’s announcement of relatively unchanged earnings guidance between fiscal 2018 and fiscal 2019 was the main reason the stock rose that day.

Five months ago I wrote a post titled,

Stay Away From Bed Bath and Beyond…They Has Been Amazoned

It’s very apparent their business model of marking up prices than offering discount via coupons isn’t working, nor driving traffic to their stores. Bed Bath & Beyond Inc. has 1,024 stores

Home Depot Does It Again

It’s no secret I have been bearish on the Housing Market for many months.  I specifically wrote a post about Home Depot four months ago,

Finally Added Home Depot and Lowe’s To My Short List

Credit Suisse downgraded the Home Depot and Lowe’s yesterday citing slowing earnings growth due to higher interest rates weighing on home affordability.  I have been talking about the housing market turning sour for months and was just waiting to add the home improvement retailers to my short list.

Even shorted the housing ETF, XHB a while back,

but when Fed Powell said he was putting interest rates on hold,