LULU

Spooky September Crushes the Market Insider Buying Week 09-06-24

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So far, September is living up to its reputation as the cruelest month in the market, and it’s just week one.  The S&P 500 ended the week down 4 out of five days for the worst week since March 2023, the week Silicon Valley Bank collapsed. If you remember, the regional banking market was holding on by a thread until the Federal Reserve and Treasury changed the rules. It allowed banks unfettered liquidity, staving off a run on the entire banking industry, which would have forced many banks to take actual marks on their long-duration, underwater government bonds. That would … Read more

Insider Buying Week 03-29-24 The Coming Wave changes Everything

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Something significant is happening when staid Dell Technologies is up 31% on its latest quarterly earnings. A massive uptick in capex spending is underway, directly attributable to the stampede to embrace AI.   After a year or more of belt-tightening in tech spending, that moment has arrived, almost all at once, when companies realize they have to invest in AI or be disrupted or obsoleted by a Chatbot, robot, or some version of machine learning. This is truly an “internet game-changing moment,” and the spending free-for-all has just begun.   The architect behind this 20-year evolution is NVidia, a handful of … Read more

Insider Buying this Week $EGHT 8X8 Inc.has $1 Million Conviction Insider Buy

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For trade, details click on this link to the trades  The efficient market hypothesis assumes that all current information is reflected in the current price of a security. According to the EMH, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices. When we look at insider buying and selling,  we are examining and theorizing the possible motives of the people that know the company the best.  What information do they possess that is not already priced into the stock? Name: Mcguire Terrance Position: Director Shares … Read more

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Lululemon Athletica’s new co-chairman’s stock purchase was so earthshaking it could be felt even through the thickest of yoga mats.Glenn Murphy, who was named to the post in April, bought a whopping $5.55 million in Lululemon (ticker: LULU) shares, the largest on the open market since the company went public in 2007 and only the third insider purchase since 2009. Murphy paid an average of $55.50 each for 100,000 shares over June 26 and 27.Murphy is a former chief executive of Gap (GPS). Under his eight-year tenure that ended 2015, shares doubled. Since he’s left, Gap stock has tumbled 40% … Read more

Lululemon Has A See-Through Yoga Pants Problem – Corporate Intelligence – WSJ

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  Regulars at yoga classes often praise the liberating nature of the ancient Indian exercise  but sometimes things can get a little bit too liberating: enter yoga clothing maker Lululemon LULU -3.77%, which has withdrawn shipments of its women’s yoga pants that fall short on the “coverage” front. Apparently due to a problem at the factory, there is “a level of sheerness in some of our women’s black Luon bottoms that falls short of our very high standards,” the company said today. Excessively see-through yoga pants! We have a situation on our hands here. Lululemon says the problem affects about 17% of all the … Read more

Large number of RSI divergences today

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We had very positive technical signs go off on a number of portfolio positions today.  We also had bearish divergences go off in a few positions we recently initiated small short positions. I have written at length on RSI divergence as one of the few technical indicators I find useful.   Divergence the best technical indicator.   The following positions all showed bullish or bearish RSI divergences today:       Bullish RSI Divergence NAV Navistar at $51.89 INTC Intel at $21.01 IO ION Geophysical Corporation at $8.03 TMV Direxion 30 YR Treasury Bear 3X at $34.32  (note this has … Read more