$TSLA has been a Monster Turd

I was a $TSLA fan, still am. I was an Elon musk fan, still am. But the stock STINKS! It shows nothing but paiinnnnn. I was calling for buying the dip on the way down to 250 and then once 250 failed you have to get the heck out of the way.

I am still a believer. And LONGTERM this may be a good spot to dabble. In long term investments you dabble on down weeks and don’t worry about it for a couple years. But short term there is nothing good going on with TSLA. It appears there may

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Foot Locker Just Lost Their Stripes

Foot Locker Inc. fell almost 20%, the most in almost two years after it reported first-quarter sales and profit that missed analysts’ estimates.  For the first quarter, Foot Locker reported earnings of $1.53 per share, missing expectations by 7 cents and revenue of $2.08 billion, which also missed expectations by $30 million.  Regarding full year guidance, Foot Locker now expects high single digit earnings per share growth.

Still, Foot Locker management remains optimistic.“We started the year with great energy, innovative products, and exciting customer events, leading to solid top-line growth in the first quarter with strong performance across our regions, banners,

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Tesla Is Losing Its Rockstar Status

You either love Tesla or you hate Tesla.  Regardless of what camp you are you in, Tesla, like Apple has a huge fan base.  Tesla, like Apple is a cult, with a cult following.  Tesla, like Apple is a Rockstar. 

However, the Smart Money is starting to leave the concert because the music is no longer music to their ears.

Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value.

The pair of funds sold close to 850,000

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Unusual Options Activity In SPDR ETF, XLE

Global oil prices are under pressure due to no resolution in sight regarding the US-China trade war, ultimately sapping demand for oil and weaker than expected economic data that came out of Europe on Thursday.  As a result, U.S crude oil prices had their largest drop of the 2019 on Thurs, oil prices are now below $60 and oil price are at a three month low.

The Energy Select Sector SPDR® Fund seeks to provide an effective representation of the energy sector of the S&P 500 Index.  The top holdings include:

Source

The SPDR Energy Select Sector ETF droppped 3.3% toward a 4

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Nordstrom Takes A Nosedive

Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name

Nordstrom shares tanked today to their lowest price since 2010 after reporting first-quarter results that missed on the top and bottom lines.

Nordstrom reported earnings of 23 cents per share on revenue of $3.44 billion. However, Wall Street was expected earnings of

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Lowes Suffered A Major Mishap After Announcing Earnings

Lowes announced mixed first-quarter 2019 results and reduced its full-year outlook yesterday sending the stock down double digits, its worst one-day stock plunge since 1992.

The good news was Lowe’s quarterly sales grew 2.2% year over year, to $17.74 billion with a 3.5% increase in comparable-store sales.  The bad news was Lowe’s revised its 2019 earnings per share outlook downward to a range of $5.45 to $5.65, from a previous range of $6 to $6.10 because they failed to raise prices in time to make up for higher costs.

What happened, according to Ellison, is this: Essentially, Lowe’s merchandising executives were

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Unusual Options Activity In Urban Outfitters

Inc. operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28

and Anthropologie stores that provide women’s casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Urban Outfitters reported their first quarterly earnings and the sales and profit results beat Wall Street expectations.  However, their net income of $32.6 million for the quarter was down 21% from a year ago.  In addition, many analysts think Urban

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O’Reilly Automotive Isn’t A Buy Yet

O’Reilly Automotive Inc opened their first store in 1957 in Missouri and today stands at over 4900 stores in 47 states.  Their distribution centers and hub stores has allowed them to maintain quick delivery times that their competitors can’t match.

O’Reilly Automotive Inc (NASDAQ:ORLY) is the biggest of the brick and mortar DIY automotive supply stores in the nation. So, it was a bit of shock in late April when it announced that Q1 was weaker than expected. Revenue and earnings were below expectations and even low for the company’s projections, which are usually conservative.

And ORLY stock had been

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Patience Pays My Friends $TWTR

Twitter is ripping into the gap again currently up 4% and climbing over 39 headed towards $40. I have been chirping about the bird for week and then earnings gave it the turn I was expecting. I am trying to play this patient long game with this one and have held throughout the earnings pull in looking for something to take off…

Boom! TWTR has just taken back the past 10 days with 1 hour this morning. There is some massive flow coming into the Blue Bird and I am expecting this to continue. The trend is your friend and I

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The S&P 500 Level To Watch Is 2800

Morgan Stanley warned that a collapse in trade talks between the United States and China could tip the global economy toward recession. The caution comes a week after Bank of America warned that the ongoing trade war between the world’s two largest economies could “push the global economy into recession.”

“We are unconvinced that companies will generally be able to fully offset tariff costs through raising prices or through cost efficiencies elsewhere, meaning tariffs will press on margin,” Wilson said, according to CNBC.

He said that if Trump followed through on his threat to levy 25 percent tariffs on remaining Chinese imports,

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