frankz

TravelCenters ($TA) operates 255 rest stops, mostly located along the nation's interstate highway system, that include fuel stations, convenience stores, truck-repair services, and restaurants. On 6/15/2016 TravelCenters stock was up as much as 37% and closed the day up 24% on the news that TravelCenters rejected a $14-per-share bid from private equity firm Golden Gate Capital.Truck-stop operator TravelCenters of America LLC rejected a $14-per-shareDecember bid from Golden Gate Capital, but the private-equity firm remains interested in a deal, according to people familiar with the matter.Golden Gate hasn’t been in contact with the company since the offer was rejected, and the [...]

Global markets are selling off due to Brits decision to leave the EU.The market is reacting today like if this is a big deal, short-term everything is.  Long-term you can add this to one of the many uncertainties the market has shrugged off over time.1. In the future, today's selloff will be an irrelevant data point in the SP500 chart just like 1987.2. The longer your timeframe in the market the more irrelevant today's Brexit is.  The two charts below tell you the whole story.  The odds of SP500 being up in 5 years is 80%, the higher the "drop, [...]

Atlas Air Worldwide ($AAWW) and Air Transport Services ($ATSG), are two stocks worth keeping an eye on for the next few quarters because of their recent partnership with Amazon.On 3/8/2016 Air Transport Services signed this deal with Amazon “ Aircraft lessor Air Transport Services Group Inc said it would lease 20 Boeing 767 freighter planes to Amazon.com Inc as the online retailer looks to operate its own air cargo network.As part of the deal, Amazon also has the right to buy up to 19.9 percent of ATSG’s stock over five years at $9.73 per share.” On that news, ATSG was up as much [...]

The market added to its gains yesterday with another decent move higher; we are now up 2.5%  since Thursday's close.  Short-term traders are probably looking for some consolidation here, and that is to be expected if it were to happen.  However, now is when we generally see more individual names start to move on their on merit, sort of a passing of the baton until we get short term overheated. In other words; stocks over indices over the next few days.Some of the standouts from yesterday's LIST were; LGCY +11%, AREX +11%, DNR +7%, WLB +7%.Today we have DNR, RYAM, DGI, VMW, [...]

The advance-decline line for both the NYSE and the SP500 was a big topic today on Twitter finance; one hit a high, and the other is pretty much at a high.  The discussion started when a comment was made on why so many feel miserable about the market when these two lines are making highs.  The assumption is that investors should be more optimistic or excited than they are now.  I believe that part of the disconnect is that these new highs on these advance decline lines are not translating to investors bottom line, which is returns.  Most investors don't [...]

The market had a very nice day yesterday with the SP500 gaining +1.37% and the Russell 2000 +2.15%.  This morning the SPY is building on that gain with a 1 point gap up.  It's a little hard to get excited after huge up days because the market has had a hard time following through to the upside when most see it has a good "technical set-up".  We've enjoyed the best follow through from oversold levels, by the time most consider the market in "good shape" it has run out of juice.This time like always could be different.With that being said, AREX, DNR, [...]

The market has been very quiet. The SP500 has been alternating days for the last two weeks, the bulls and the bears have shown no interest thus far to make something happen.In my eyes, the energy names continue to have the best swing set-ups in the short term  Contraction leads to expansion, so a move here is in the cards, the million dollar question is whether it will be to the upside or downside.  If it's to the upside, the stocks below are the ones on my watchlist for today.GNW, DNV, AREX, DNR, PES, YELP, ERX, GTLS, AMED, EXPE, MBLY, [...]

The chart below is making the rounds in the twitter finance world, and it's freaking out the uninformed.The chart shows two instances when one moving average crossed another moving average (50-week and 100-week) to the downside and coincidently the market went down big. The underlying assumption is that the death cross we are experiencing now will have the same effect.  This is a great chart to get a lot of page views and to meet the daily blog quotas, but it means nothing at all.  Two sample sizes are not enough to conclude anything.  Secondly, you would have to believe [...]

Retail stocks were down huge yesterday, it all started when Macy's reported their earnings number and the stock took a nose dive dragging the whole retail sector with it; $M -15%, $KORS -11%, $VFC -6.5%.  Amazon, however, was printing a new all-time high, immediately mostly everyone on my twitter finance stream concluded that Amazon is the one killing these retailers.  As a big time Amazon shopper I have never purchased any clothing from Amazon, so obviously I don't buy into this argument.With that being said, Investors Business Daily today reported that Amazon is poised to become the number one U.S apparel [...]

The market had a huge up day on Tuesday, the gains were entirely erased yesterday, and this morning so far we have recovered half of yesterday's losses.  Some people are calling yesterday's action a bull trap; I'm not a fan of making calls based on the action of one day.The perma-bulls get excited every time the market is up multiple days in a row near highs and then quiet down when the market has a natural pullback.  The perma-bears take every piece of information, data, Candlestick, etc., and spin like if it's 2008 all over again. The fact is, the [...]