JWN Breakdown [Pit Report]
Hey Traders, There is no doubt that Amazon has changed retail forever… But malls still exist, long after many said they would die…. High end retailers like Niemans, Nordstroms, and Macy’s continue to occupy large areas of land in malls and in cities to sell their expensive merchandise. But when we look at the stocks […]
NSC
Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown. Have a stock YOU want us to review? Email my team […]
No Rush to Board NSC
I traveled on the Long Island Railroad into Manhattan and then rode the subway downtown to Wall Street for 25+ years. I never had to endure an accident or any issues, so I can imagine how terrifying the recent derailment must have been. A 149-car, 9,000-foot-long train with toxic chemicals derailment sounds terrifying. NSC is […]
Norfolk Southern Co (Ticker: NSC) Chart Analysis
Hi Traders, Licia Leslie here with your Norfolk Southern Corp. (Ticker: NSC) chart analysis. Just like the overall market, NSC has been in a downtrend since January 2022. It traded a high just shy of $300 (by $.80) on Dec. 31, 2021. The low was made on Oct. 20, 2022, when it traded $203.65, having […]
NSC Breakdown
Hey Traders, Over the past few weeks, railroads and rail regulation have been at the forefront of national conversation We’ve also seen a CEO get fired for poor performance. Needless to say, this sleepy industry is waking up. That’s why I want to take a look at Norfolk Southern (Ticker: NSC) and see if it’s […]
GE Vol Price Isn’t Happening
This week’s Pit Report stock is General Electric (Ticker: GE). Hey Traders, General Electric Co. (Ticker: GE) was founded by Thomas Edison and historically has been a hotbed of innovation. That has been less the case recently, but they do make nuclear energy products, so full disclosure, I am long GE call options. In Capitol […]
Pit Report: Will GE’s Great Run Continue?
Thanks to GE’s emergence in the aerospace sector it has again become a major player in the US multi-industry category. And there may still be some growth in air travel in 2023 that will further boost revenue. Another huge positive is GE Vernova, its renewable energy business. It will benefit from the Inflation Reduction Act. […]
GE Chart Analysis
Hey Traders, At the moment, General Electric (Ticker: GE) is struggling to trade over stiff resistance here at the $85 level. That resistance goes back to the fourth quarter of 2021: It has been bumping up to this level for the past month without being able to bust out over it. GE […]
GE Breakdown
Hey Traders, GE is one of the oldest companies in the S&P 500. While much smaller than it was 10 years ago, this widely held stock is still worth about $90 billion GE executed a reverse stock split on July 30, 2021. Since then the stock has essentially meandered lower … […]
Low Vol for ROKU
This Week’s Stock: ROKU Hey Traders, Understanding how volatility works is the key to trading options. It is the best way to know where the wind is blowing for the underlying. Then you just point the sail in the right direction. All of Option Pit’s trading services use volatility to some degree to help find […]