Been panic selling for days now the problem is that each day a new retailer drops a bomb and drags them all lower. Today is FOSL, JCP and JWN.
Message being sent to the Fed who is now backed into a corner. They are about to raise rates in the view of a global recession which is the norm for the Fed.
Unfortunately based on the share price action even in the big market run in October which T did not join in it will probably get there because of their new debt load after the DTV purchase which will turn out to be one of the dumbest deals (not for DTV shareholders) in recent years.
Debt kills in this market but the CEO believes a few more subscribers from DTV at $20-$40 a month will service that debt.
That's what the brokers usually tell you to do. If the world goes into a recession AT&T will be at $26 buy down to there also? This stock was near $35 after earnings now it's over $2 lower after a monster market rally because of the DEBT.
expects energy inflation to snap back in 2016....How out of touch are some of these Fed Heads? Do they read the reports and listen to the Saudis and the energy departments estimates from around the globe?
Funny.....two more drops like this and FOSL will be a $1. The forward and trailing P/E's of this stock are very cheap now for sure.
like all the other retailers who have missed but FOSL P/E is cheap compared to some of the others who got killed. This $33.88 is overdone for sure but the other retailers are not bouncing back yet since the reported. There are many bargains out there but not yet I guess. This market is more about the Fed and oil it seems.
T sitting near the low of the day....I hope this can bounce I may slowly start to unwind a lot of what I have left into the end of the year. There is no growth here especially if the Fed raises and AT&T will NEVER service this debt from this foolish deal.
If that happens the Fed sits in December and the market gets it right back after they do nothing. Sad but true!
If a pick plummets he shrugs his shoulders and changes the subject. We are all privileged to be reminded of his winning picks.
The CEO's words and body language were horrible on CNBC this morning. He is always upbeat and he was anything but that today I think it added to the drop believe it or not. Looks like it may try to get to $41 possibly soon but will it hold or test the lows by the close which is common. $73 to $47 before earnings you would have thought some of that was in the stock but these HFTs run everything now.
I agree with the HFTs but $42 by Friday I'm not sure. I hope you are right I bought a very small amount near $43 today.
Agree but you have time it may take a few days in this market with the HFTs and algos....just broke $40. There have been similar reports recently where EPS beats and a revenue miss and not even a huge revenue miss like this one but the stocks get killed either way and you would have thought some of the recent share price drop would have factored some of this in but it doesn't matter in this market.
In this market they rarely come anymore. I agree this is way oversold after what the shares have done recently I bought a little (150 shares) near $43 so I'm stuck buy those snap backs just are not there any longer. It will take a few weeks and possibly colder whether to get M back up a few bucks. Remember that conference and the "real estate" play that got shares to $73 I was short a few times in the low $70s wish I still was.
He had another love fest with the CEO and sucked in more buyers soon after. Cramer will be silent I would guess on HZNP for awhile.
They are still in short sleeves....the CEO said they will be discounting to get rid of inventory. I will be stopping by Macy's to see what he means. Shares are being thrown away in the pre-market there were some large blocks on the sell side so far but some of this should have been priced in the shares I believe. I bet you see some buying to the $44's in the regular session.