Day. Moving closer to the 5 level, essentially flat on the day, but you have had a ride higher this week. Shares of roth soaring for its forecast, First Quarter comparable sales were roughly in line with expectations. Analysts praising the companys strategy to add more recognizable brands in the lineup. Ross stores up almost 10 . Investors are weary of a weak shortterm outlook. The Company Expects greater turn for price sensitive subscribers on the turbotax platform and says the ceo of the credit, business will retire by the end of the year. Intuit is down. My favorite beat, the wall street beat. A once niche stock trade known as dispersion has ballooned into one of the biggest option strategies on wall street and his stirring fears that it will be crushed by its own popularity. Christina lee is all over this industry and joins us from london on her story. One of the most read on the bloomberg terminal raising the question on what the biggest worry is about this trade. I think it is a
Hedge funds screaming down the phone, 2.26am emails to the client, threats about defaulting on trades, bankers pulling in all sorts of directions, billions of dollars at risk and a late night “Oh, f -” moment.