Market 2017-11-1 (X, DIS, CHKP, and more)

Market is mixed today, 5 sectors in red, the other 5 in green.

It is relatively quiet today. GOP fails to rollout their tax cut plan. FED has nothing new.

Winners

BGS (+12.7%) had great earnings.

EL (+9.2%) Q1 EPS of $1.21 beats by $0.24. Revenue of $3.27B (+13.9% Y/Y) beats by $100M. This gives some sunshine to retailers.

 X (+7.8%) The company delivered surprising good earning yesterday. Stock price jumped more than 15% in early morning before retreating some of the gain.

GRPN (+7.3%) reported positive earnings --- 1 penny per share.

GRMN (+5.6%) earnings beat, upside guidance.

INTC (+2.7%) just cannot stop now.

LVS (+1.6%) continues casino's run.

DIS (+1.2%) Disney will release the new Star Wars movie (Last Jedi) on 12/15, and they are making their own rules for theaters. The company will collect strict 65% of the box office with many fine-print requirements. If the theaters voilate the requirements, sorry, 5% more goes to Disney --- making it total 70%. Usually studios collect 60% from box office. If the box office is $1B (it will definitely beat $1B), Disney will make $50~100M more than expected. It is a cash cow.

Losers

DDD (-23.7%) bubble busted.

 PBI (-17%) reported mixed Q3 results. I may start to build a small position.

 CHKP (-12.5%) due to the light guidance. I like it below $100. It is the best in the cyber-security space. I prefer CHKP over PANW or FEYE.

UAA (-3.8%) and UA: everybody is selling this stock. If you want to initiate your position, I would suggest to wait for 2-3 more days.


Earnings AH

FEYE plunges -13.9% AH due to light guidance.

GPRO nice earning but weak guidance, -11.1% AH

FB drops (-1.8% AH) after reporting impressive earnings.

TSLA drops after reporting biggest loss ever. -5% AH

CAKE missed. -7% AH

FIT beats. Stock price initially rose 4.6% before turning red to -3% AH

YELP beats, but guidance weak. -5.4% AH


My Trades Today

Sold FIT @ $6.36, was afraid of the earnings, locked 6% profit in 2 weeks, not bad.

Bought OHI @ $28.08.

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