The abbreviated week for the stock market was a quiet one. Volume was thin as some traders took advantage of the long-awaited East Coast spring, which happily coincided with the market close on Friday. Public companies, well into their quiet periods, restrained from issuing press releases or speaking with investors. Read More

First I’d like to thank all of the Wealth Society members who made it to the Investing Daily annual conference in Alexandria last week. It was a delight to meet many of you and put a face to a screen name. I consider myself lucky… Read More

I’ve been able to spend more time researching new ideas during the lull between earnings seasons. As I’ve mentioned before, valuations in many sectors look stretched, but that doesn’t keep me from searching for new names. I am by no means a traditional value investor, but I do… Read More

Our option positions have a busy week ahead. There are three events which could weigh in on the trading of our bearish food positions. We entered three new put positions last week in the following stocks:  Campbell Soup Company (NYSE: CPB), Kroger (NYSE: KR) and… Read More

Earnings season is quieting down. Air Transport Services Group reported last Tuesday but otherwise it will be about a month before some of the early birds start reporting in May. Overall our stocks enjoyed a great season with many seeing big surges in revenue and earnings. Read More

Winnebago (NYSE:WGO) has finally started to drop and I expect it will be weaker today due to a downgrade from Outperform to Market Perform by BMO Capital. The brokerage firm lowered the price target by 28% to $29. The firm is worried that Winnebago’s turnaround could be stalling out. Competitor… Read More

Ambarella (NSDQ: AMBA) reported a strong quarter on Feb. 28. Earnings were $1.11, $0.17 higher than expected and up 100% from the prior year. However, the transition away from sick customer GoPro is not moving fast enough. First quarter earnings will be less than expected due to a draconian drop… Read More

New put positions in Chicago Bridge and Iron (CBI), Aecom (ACM) and Jacobs Engineering (JEC) swung wildly. First they sank due to a rumor of a delay in the federal infrastructure bill and then spiked because of a tweet from the president that he would announce “big” news about infrastructure… Read More

Carbonite: The company beat fourth quarter earnings by 2 cents and slightly raised 2017 estimates. The stock is weak because it lowered first quarter estimates, which pushes earnings out to quarters two through four. Its purchase of Double Take closed a bit later than expected which pushed revenue out. In… Read More

Air Transport Services Group gave preliminary results for its fourth quarter, lowering adjusted earnings guidance by $7 million due to the work stoppage of union pilots. Despite the bad news, the stock rallied slightly, as investors had feared the hit to earnings would be higher. Air Transport will give guidance on… Read More