YUM! Brands has been regarded for some time as a play on discretionary spending in China – as part of the shift from exports to domestic consumption. Given that framing, YUM investors are pretty sensitive to changes in data coming out of China. After the market close on Thursday, YUM guided lower on Q4 sales in China. Half of the operating profit in the third quarter came from China, so a forecast for a 4% drop in same-restaurant sales…
Wednesday, August 13, 2008
So, uh, we have some LEAP options that are older than those Chinese gymnasts. The word on the street is that they would’ve done even better this week, but some of them are still teething. The NYSE $TRIN is around 1.30, a level we haven’t seen since July 29. For context, TRIN readings of 2.00 (0.75) are generally considered to denote oversold (overbought) conditions. TRIN pushed above 2.00 on that date back in July, and the markets moved significantly higher…
Sunday, August 10, 2008
We’re hearing lots of chatter about how, fifty years from now, these Olympics will have marked the end of the American century and the beginning of the Chinese one. Maybe so, maybe not. One thing’s for sure: America can’t invade and coerce and bailout and tax-cut its way out of this mess. The conventional wisdom says that, to stay competitive, America should invest more in math and science education at every level. That way, we can have stronger R&D departments…
Jared Woodard is a registered commodity trading advisor who specializes in trading volatility as an asset class. With over a decade of experience trading options, futures ... Read More
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Monday, December 3, 2012
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