There were two immediate triggers to our McDonald’s (MCD) trade. First McDonald’s reported less than expected same store sales increase. Second in the premarket McDonald’s broke the support at $78.82, its 50 moving average. The macro picture is not favorable for a number of reasons. First McDonald’s
We are taking partial profits on McDonald’s (MCD) at $81.11.
We are lowering the stop zone on one-quarter of our McDonald’s Corp (MCD) position to $81.42 to $81.62
McDonald’s Corp (MCD) reported below expectation same store sales. McDonald’s opened lower. Now McDonald’s is undergoing a massive short squeeze. We will start scaling in shorts on the exhaustion of current upspike. Please use your technical indicators to determine the exhaustion. Suggested entry zone is $81.20
We are taking partial profits on Ulta Salon (ULTA) right here at $53.31.
Ciena (CIEN) reported terrible earnings. Further analysis of the earnings report shows that the optical market is deteriorating. Ciena is down over $3.00 in the premarket. At The Arora Report, we were expecting this down draft in Ciena as is evidenced by our past writings. Our
Acorda Therapeutics (ACOR) rumor spreaders are out in force. They are misleading the uninformed investors about a statement Biogen (BIIB) just made at a conference. We have taken partial profits on Acorda at $30.20. Our highest short tranche in Acorda is from $33.48. The rumor related to Biogen buying Acorda
Ulta Salon, Cosmetics (ULTA) runs health and beauty retail stores. This has been a fast growing chain. After the close Ulta Salon reported earnings of $0.37 per share $0.06 more than the consensus. Revenues rose 20.5% to $386 million vs $372 million. The Ulta Salon
Temple-Inland (TIN) bid by International Paper (IP) has antitrust risk. In some segments, the combined company will have over 30% market share. Such market share will invite scrutiny of Temple-Inland and International Paper by the Department of Justice. The possibility of the Department of Justice rejecting
This morning Talbots (TLB) reported lower than expected earnings. Projections from Talbots were also lower than expected. Talbots is going to close 100-200 stores. A proven way to make money is to buy when it is the darkest, but long-term fundamentals are in tact. Talbots