9:10am (EST) Lots of breaking news this morning… Retail sales grew 1.4% in October, after a 1.5% gain in September but came in short of the Street’s estimate. Excluding autos, sales increased 0.2% which was below the 0.4% gain from last month. The New York Federal Reserve’s Empire State manufacturing survey also
Lowe's Meets Expectations, Shares Up
Abercrombie & Fitch Put Options Up Over 50%
1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up $0.80) are up 67%. We went with the puts options at the open on Friday for $1.25 and I had accidentally listed the August 32.50 puts (ANFTZ, $1.05, up $0.70) at 40 cents
Home Depot and Lowe's Trade Lower/ Trading Service Update
9:00pm (EST) Home Depot (HD, $22.70, down $0.63) and Lowe’s (LOW, $19.02, down $0.61) lost 3% after a report showed first quarter mortgage delinquencies jumped to 12%. That means more than one in 10 people are behind on their house payments. Not only that, home owners with good credit are
Lowe's Beats, Shares Up
10:45am (EST) Although Lowe’s (LOW, $19.37, up $0.92) reported a 20% drop in profits, they managed to beat Wall Street’s estimates this morning and raised its full-year outlook. The company said that they are seeing an improvement in consumer confidence while they believe housing is showing signs of a bottoming.