Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
We are sitting on large gains on iRobot Corporation (IRBT). We are taking partial profits on iRobot right here at $30.80. For the time being, we will maintain the rest of our short position on iRobot.
Zagg, Inc. (ZAGG) has moved up over the last couple of days after the news that Zagg was granted a patent on its invisible shield. We have looked at the patent and for the most part it does not justify an upmove in the Zagg shares. For our plan on Zagg, please see the Real Time Feed of ZYX Short Sell Change Alert.
We are adding a 10% tranche to Zagg, Inc. (ZAGG) right here at $12.40. Updates are available on this position in real-time on the Real Time Feed of the ZYX Short Sell Change Alert.
We are taking partial profits on Silgan Holdings (SLGN) right here at $41.38 in the pre market. Silgan Holdings had run up on proposed acquisition of Graham Packaging Company (GRM). Our average short price on Silgan Holdings is near the top of the swing. A few minutes ago Graham Packaging Company received a competing buyout offer. Theoretically, it should be a win, win situation for us if Silgan Holdings raises its bid, the stock should go down. If Silgan Holdings fails in the acquisition because it does not raise its bid the
Texas Instruments (TXN) provided mid-quarter update after the close yesterday. First the stock swooned on lower projections but then bounced right back when Texas Instruments on the conference call stated that the short fall was due to Nokia (NOK). The analysis of the conference call shows that the business of Texas Instruments is stable. Texas Instruments can still beat estimates for the second half. We will provide an actionable signal on Texas Instruments in real-time on the ZYX Buy Change Alert when all six screens of the ZYX Change Method are met.
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 is feeling the pinch of higher commodity costs, second McDonald’s is unable to increase prices to offset costs. Third the overall market has pulled back but McDonald’s shares are still near all time high. And fourth McDonald’s trades at 16 time forward earnings, which is a premium to
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