Posts From Fil Zucchi

Fil Zucchi
Fil Zucchi is the founder and manager of Zebra Investment Advisors LLC, a Virginia registered investment advisor, and Zebra Fund, LLC, a long/short hedge fund. Fil has been involved in the financial markets for several years, taking a particular interest in long/short options trades and corporate credit and derivatives. In his prior life, he was a bankruptcy and commercial litigation attorney at a Washington, DC law firm. Fil has a bachelor's degree in economics from Georgetown University (1985) and a law degree from the Catholic University School of Law (1988).
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Corporate Credit Markets: Party Like It’s 2017!

It has been quite a while since I have written about the state of the corporate bond market. Longtime readers know that I follow the corporate credit markets very closely as the main tell of what drives equity markets. And considering the noise surrounding the markets, it probably a good…

F5 Networks Stock (FFIV) Pummeled On Earnings: What’s Next?

As much as I admire F5 Networks (NASDAQ:FFIV) business and industry space, the pummeling to F5 Networks stock price after last night’s earnings report may not be enough to offer a “safe” entry. Patience is key for FFIV bulls and I’ll attempt to show why in this brief research note. F5…

Gilead Sciences (GILD): Fundamentals vs Technicals

About $7 ago, I tweeted that Gilead Sciences stock (NASDAQ:GILD) was starting to present a real conundrum of fundamentals/valuation (positive) vs. technicals (negative). So far the technicals (and specifically DeMark indicators) have prevailed. But ignoring Gilead Sciences stock fundamentals (valuation and balance sheet) is becoming increasingly difficult. If you are…

Deutsche Bank Scares Up Memories Of 2008 Financial Crisis

On Thursday, the news-flow got mighty rough on Deutsche Bank’s stock (NYSE:DB). Yet its credit seemed almost oblivious. Here is how its Credit Default Swaps (CDS) performed: 1y Sr -2bps, 5y Sr -10bps, 1y Sub -16bps, 5y Sub +12bps. Yes, all DB’s CDS were (are) close to historic wides, but…

Credit Markets Update: European Financials Firm After BREXIT

I thought I’d provide a quick update on the credit markets in the aftermath of BREXIT. In particular European financials. The attached chart below shows the price of an index of credit default swaps (CDS) on subordinated debt of European financials, and the price of the iShares MSCI Europe Financials…

Apple (AAPL) Price Levels And Exhaustion Points: A DeMark View

With the recent decline to the low $90’s per share, Apple’s stock (AAPL) is back on investors radars. Some are likely underwater, while others are attempting to bottom pick. Either way, Apple is a behemoth in the tech sector and right now many traders and investors are trying to figure…

Akamai (AKAM) Prospects Looking Up As Catalysts Abound

Long time @Minyanville readers know that I’ve been involved in Akamai stock (AKAM) for more than 15 years. What has intrigued me from day one has been the same basic thesis. In this day and age, companies across all industries have very few opportunities for sustainable competitive advantages, with one…

Market Update With DeMark Indicators: Where To Next?

It’s been a while since I posted a market update using DeMark analysis. And since the stock market has been red-hot since the February lows, there’s probably no better time than now. Feel free to read my primer on the basics of DeMark indicators.  Below I run through several markets…

Catching Up On The Credit Markets – Week Of April 8

I’ve been busy with travel and non-market stuff for the last several weeks but wanted to provide a quick update on how the credit markets are faring into April. Here is a summary of my thoughts looking across the credit markets… with a final note on what it may mean for…