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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

I’m recommending a triple play of puts on infrastructure stocks. I’ve noted many times that these stocks have enjoyed a spectacular run on the expectations of a flood of fiscal funding for spending on roads and bridges. I expect them all to trade lower as reality sets in that even… Read More

Acuity Brands Acuity Brands has bounced 6% since its earnings miss on Jan. 10. An analyst at Wells Fargo encouraged investors to buy the stock last week. After meeting with Acuity’s management, the brokerage firm expects Acuity (NYSE: AYI) to disclose another customer similar in scope to Target this year. Read More

The World Series for stocks comes four times a year because there are four earnings seasons. And the fourth-quarter earnings season carries a bit more weight than quarters one through three as that is when most companies provide their outlook for the coming year. Because stocks are mainly valued on… Read More