Meanwhile, Yum! Brands' call tempers expectations.
The options market it pricing in about a 10.5% one-day move.
The options market is implying about a 3.5% one-day move.
The AAP team has exited Noble Energy and Honeywell, so we're following suit.
We will add to Boeing after its strong earnings report.
China, execution and margins are all highlights and we reiterate this as a core position.
My broad market strategy requires good technical reasons to chase momentum off deep lows.
We're selling out of two names and buying into two others.
The company will report tomorrow morning, and implied volatility has not risen.