Out Fox The $treet

AT&T warned on Q3 results due to hurricanes. The company provided a secondary nugget that the pay-TV business faced even greater cord-cutting pressure. Investors should expect 2018 EPS cuts. Hidden within a  warning  for Q3 earnings,  AT&T  ( T ) detailed more weakness in the pay-TV segment. My research previously  warned investors  of troubles ahead as the NFL protests would only further hit a segment in decline. Read the full article at Seeking Alpha.  Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

In a sign of the extreme nature of this market, Body Central (BODY) has plunged 50% for the 2nd time in about 45 days. Amazingly the stock was trading above $30 as April was coming to an end and today it now trades for only $8.28. The company warned for the 2nd time that comp sales were exceptionally weak and earnings would disappoint. Just 60 days ago analysts expected $1.52 for 2012 and now the company forecasts $1.09. Truly a big disappointment but an over 70% cut to the stock seems irrational. The most shocking number from the below chart is that the CCI is sitting at a -602 for one of the lowest numbers ever posted. This number is even lower than the last warning back in early May. The RSI is also extremely weak sitting below 19. This though is about on line with the number from early May. Figure - BODY 8 Month Chart Unfortunately for investors the stock is likely to hang out in the $8-9 range similar to how it did last month in the $14-16 range. The stock might even...