A prudent move in a difficult macro environment.
We'll sell out of Hartford Financial and 3M, open a position in Boardwalk Pipeline and add to Freeport-McMoRan.
We see few near-term catalysts ahead for Nike, and we’re playing it safe ahead of Johnson’s quarter tomorrow.
The quality of the quarter was strong, yet shares fell in the aftermarket.
However, more benign conditions could prevail into Friday.
Though no deal is likely imminent, this action would fit in with the company's plans to simplify its structure.
The focus will be on the China turnaround and new developments at Taco Bell.
An options structure that uses high implied volatility to replace a long stock position.
Good BAC results. Adding USB, FCX, ETN, trimming JCI.
Crucially, the bank managed to beat estimates even in the face of challenging yield spreads and a declining NIM.