Market 2017-11-13 (QCOM, MAT, GE, and more)

Market manages to finish green although it opened in red. The Q3 earnings are almost done, 75% companies in S&P 500 were able to beat expectations. However, the outlook for Q4 is mixed. Some big names get punished for weak guidance.

Winners

QCOM (+3.1%) rejected Broadcom's offer. Higher bid is expected.

ROKU (+27%) flies again. This reminds me GoPro.

MAT (+20%), HAS (+5.9%) all jump higher after the take-over rumor (WSJ last Friday AH). No details have been reported yet.

WUBA (+6%) jumped after reporting great earnings and up their guidance.

TSLA (+4.1%) bulls are never tired.

TSN (+2%) all-time high after solid earnings.

In after-hour, Buffalo Wild Wings (BWLD) spikes 26% on reports that Roark Capital has made an offer for the company at $150 per share.

Losers

GE (-7.2%) cut dividend to half, cut board members, restructure the business, blablabla, the new CEO failed to deliver a solid plan and set a long-term goal. The stock price actually turned higher when announcing dividend cut. Then it fell off the cliff after cutting 2018 guidance. I am very disappointed. I think he should have put all the bad news in the earnings call. In the investor meeting, he should only focus on presenting a clear turn-around plan. It turned out nothing new except disappointment. $19 is not bottom yet. It could easily go to below $15 if no catalysts surface.

IMMU (-19.4%) due to concerns over their breast cancer drugs (phase 2)

JCP (-6.9%), SHLD (-9.9%), KSS (-4.3%), M (-3.3%), JWN (-3.3%) department stores start the week with a brutal day as the Black Friday pricing wars heat up.

My Trades Today

Sold half MAT @ $18. If take-over happens, the price probably $20-24. However, I am worried about that the deal may never materialize.

Bought a little more UAL @ $57.8.

Comments

  1. UnknownNovember 14, 2017 at 10:23 AM

    GE down another 8% today to $17.5, it could be an entry point if you really want to hold GE. Be ware of a long choppy way for recovery (if it ever recovers to $30s)

    ReplyDelete

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