If you’re into retail and want a true contrarian play, look no farther than beleaguered chain JC Penney. It’s been beaten to smithereens, presently about 10% of its prior peak price, and it seems to be hammering out a bottom.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Semi Equipment Book-to-Bill Ratio Moderating
Excerpted from the November 23 edition of Notes From the Rabbit Hole, NFTRH 318:
Semiconductor Equipment Book-to-Bill Ratio Moderating
Since we were the only ones (so far as I could see) even talking about the Semiconductor equipment industry ramp up (and positive implications on US manufacturing) back in early 2013 I think we should continue to tend the sector and finish what we started.
Last month the SOX took a massive dive down to our noted long-term support area in a giant swoosh of hype (coming from the financial media by way of one company’s outlook) and emotion by way of stampeding herds trying to get out at all costs. It was just a setup as the SOX resides at new recovery highs this weekend. (more…)
Blockbuster
Netflix hasn’t exactly been having a banner 2014; although it reached its highest point in history only last September, it’s down about 30% from there and is red for the year.
Short that Gap
Urban Outfitters has come roaring back from its hard gap-down that occurred on October 17th. I have thus shorted it, since that gap is almost perfectly filled, and I don’t think the stock tumbled hard for no good reason in the first place.
