Terry's Tips Stock Options Trading Blog

October 18, 2022 BlackRock (BLK) is the world’s largest asset manager with more than $10 trillion in assets under management (AUM) heading into 2022. But that has changed dramatically, as evidenced by Thursday’s release of BLK’s latest earnings report that showed AUM tumbling 16% in the third quarter. The Ukraine war, high inflation, rising interest […]

October 1, 2022 Saturday Report Dear Member, The 10K Strategy finally came through this week! The Composite had its best week in 7 months, gaining 7%. The Composite is now up for the year. All portfolios advanced, including Honey Badger’s 10.9% gain. Boomer’s Revenge hit its high of the year. Enjoy the report. Happy Trading. […]

Spice maker McCormick (MKC) reported earnings this week that had no sizzle. Revenue and earnings both missed expectations by more than a little. The CEO said that “supply chain challenges continued, and recovery of certain constrained materials has taken longer than expected.” I’m not sure what that specifically means, but it doesn’t sound good. The […]

Micron Technology (MU) reported earnings on Thursday after the close, and the results were less than encouraging. Revenue was down 21% from a year ago, while earnings came in nearly a dollar less per share (though EPS did beat expectations). Profit and revenue projections for the next quarter came in well below analyst estimates. “Rapidly […]

Housing Poor Homebuilding stocks got a boost early in the week after a prominent housing analyst upgraded the entire sector, including a rare “double upgrade” for Lennar (LEN) from underweight to overweight. The rationale was that housing tends to outperform coming out of a bear market and that “early pain = early gain.” Now, he […]

Pumped Up Much is made of gas prices declining for so many weeks in a row (I think we’re at 13 and counting). And that’s great for drivers. But what about the oil companies. Don’t they suffer when pump prices decline? Apparently not. Gas prices peaked in mid-June and have dropped about 25% since then. […]

September 12, 2022 Warp Speed for This Lithium Producer Sociedad Quimica y Minera de Chile (SQM) producers highly sought after commodities, most notably lithium and potassium fertilizers. Though it missed on earnings in its August earnings report, it easily beat on sales. A couple of analysts raised their price target after the news, though the […]

September 6, 2022 Burlington Stores (BURL) reported earnings on August 25 that beat on profits but missed on revenue. Same-store sales fell 17%, more than analysts expected. The reasons should sound familiar by now – consumers coming under increasing price pressures and too much inventory. More significantly, BURL slashed its quarterly and full-year earnings forecast. […]

August 29 2022 For Whom the Bear Tolls This is not a great time to be a homebuilder. The housing boom is over by most accounts. Consumer confidence in the housing market dropped to its lowest point since 2011. Sales of new homes plunged to a 6-1/2-year low in July. The Fed is not letting […]

August 22, 2022 Sea of Trouble Sea Limited (SE) is a Singapore-based company that provides digital entertainment and e-commerce services. The company reported earnings on Tuesday before the bell that showed a wider loss than a year earlier, though analysts had expected poorer results. Revenues rose from a year earlier but failed to meet the […]