Home Depot put volume heavy and directionally bearish » 09:5505/1105/11/21
Bearish flow noted in…
Bearish flow noted in Home Depot with 7,853 puts trading, or 3x expected. Most active are May-21 340 puts and Jun-21 360 calls, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 1.61, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 18th.
Bed Bath & Beyond launches 'Simply Essential' line of products » 08:0805/1005/10/21
Bed Bath & Beyond…
Bed Bath & Beyond launched Simply Essential, a new line of more than 1,200 hard-working essential items, thoughtfully designed for every room of the home, all delivered at great value and available only at Bed Bath & Beyond. As the company's first full-line assortment at opening price points and third Owned Brand launched this year, Simply Essential underpins Bed Bath & Beyond's commitment to appeal to a wide range of customer needs with new value-led options that eliminate gaps in lower price brackets.
Short Interest Report: Bearish positioning on Washington Federal, iRobot jump » 14:5905/0705/07/21
WAFD, IRBT, MVIS, M, DAC, PGEN, BRN, IWF, IWD
Welcome to this week’s…
|Over a week ago|
Bed Bath & Beyond CEO: Seeing strength in core categories » 18:3305/0505/05/21
In an interview on…
In an interview on CNBC's Mad Money, Mark Tritton said stores are coming back to being fully connected with the customer. The company has curated assortment and simplified spaces in remodeled stores. It is still seeing growth in digital business, Tritton noted. He said the upside potential for Buybuy Baby is "huge."
Bed Bath & Beyond put volume heavy and directionally bearish » 14:5505/0505/05/21
Bearish flow noted in Bed…
Bearish flow noted in Bed Bath & Beyond with 17,948 puts trading, or 1.6x expected. Most active are May-21 23 puts and May-21 24 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 1.90, while ATM IV is up over 1 point on the day. Earnings are expected on July 7th.
Home Depot price target raised to $360 from $330 at Wells Fargo » 08:2505/0505/05/21
Wells Fargo analyst…
Wells Fargo analyst Zachary Fadem raised the firm's price target on Home Depot to $360 from $330 and keeps an Overweight rating on the shares. Based on positive industry reads, strong category trends, incremental stimulus and favorable weather, the analyst is raising his Q1 comp. While gross margin pressures could widen, COVID-driven cost pressures begin to lap, and he sees considerable SG&A leverage driving +255bps of EBIT margin expansion and $3.35 of EPS.
Bed Bath & Beyond launches ESG strategy, targets net zero by 2040 » 08:1205/0505/05/21
Bed Bath & Beyond…
Bed Bath & Beyond unveiled its first-ever comprehensive environmental, social and governance strategy that sets several bold, strategic goals underpinning its commitment to their people, community and the planet. As outlined in its newly released 2020 ESG Report, the ESG strategy is an integral component of the multi-year transformation and growth plan Bed Bath & Beyond launched in October 2020 and advances the company's core belief that everyone deserves the opportunity to home, happier. Bed Bath & Beyond commits to being a top 10 retail employer by 2030, donating $1B in product by 2030, and becoming Net Zero by 2040. Bed Bath & Beyond plans to introduce an industry-leading paid parental leave policy this summer
Home Depot price target raised to $375 from $288 at Citi » 06:3605/0405/04/21
Citi analyst Steven…
Citi analyst Steven Zaccone raised the firm's price target on Home Depot to $375 from $288 and keeps a Buy rating on the shares. Following field work and discussions with industry experts, the analyst increased estimates to reflect "robust fundamentals." The stock's "multi-year bull case is gaining momentum," Zaccone tells investors in a research note. The analyst sees a strong housing market for the next few years, growing pro backlogs, and a strengthening consumer that still prioritizes spending on the home.
Macy's call volume above normal and directionally bullish » 13:4505/0305/03/21
Bullish option flow…
Bullish option flow detected in Macy's with 38,887 calls trading, 1.8x expected, and implied vol increasing almost 6 points to 70.47%. May-21 19.5 calls and 5/7 weekly 17.5 calls are the most active options, with total volume in those strikes near 14,600 contracts. The Put/Call Ratio is 0.23. Earnings are expected on May 18th.
Unusually active option classes on open May 3rd » 09:4005/0305/03/21
AHT, HYG, OCGN, VZ, ATOS, M, GLD, NOK, MRNA, DIS
Unusual total active…
Unusual total active option classes on open include: Ashford Hospitality (AHT), iShares High Yield Corporate Bond ETF (HYG), Ocugen (OCGN), Verizon (VZ), Atossa Genetics (ATOS), Macy's (M), SPDR Gold Trust (GLD), Nokia (NOK), Moderna (MRNA), and Disney (DIS).