Market 2017-11-14 (HD, IBB, TSLA, and more)

US Market follows Asian and European market to cool down from recent rally.

Winners

Buffalo Wild Wings jumps 24% amid possible $150 take-over deal.

AAP (+18%) auto parts stocks have a nice day after it beat EPS although missed revenue.

Western Digital (WDC, +3.6%) pops after rumors the company is in settlement talks with Toshiba. Western Digital has attempted to legally block the sale of Toshiba’s chip unit on contractual consent right claims (from Sandisk). Toshiba needs to have the sale finalized by March to avoid Tokyo delisting.

HD (+1.6%) reaches all-time high after ER beat, benefited from disaster recovery. Retailers bounce back from yesterday's drop. Consumer Goods and Utilities are the only sectors in green today.

Losers

In broad view, Energy and Basic Materials Sectors suffer the worst today. USO (-2.2%), UNG (-2%) probably due to the weak data from China.

Biotech (IBB -1.6%) selloff continues from October. GILD -2.3%, CELG -2.3%.

GE (-5.9%): as I said yesterday, $19 was not bottom yet, GE touched $17.46 today. Analysts are rushing to downgrade and cut price target. If you want to have GE in your portfolio, wait for few more days.

TSLA (-2.1%): Jim Chanos says Elon Musk will step down as Tesla CEO by 2020 in order to focus on SpaceX. Tesla, he says, will eventually go bankrupt. It has been battleground for years. As a value investor, I would like to stay away from it.

My Trades Today

Sold OHI @ $38.6

Add 30% more GILD @ $70.4

Double down UAL @ $56.8

Initiate a small position in both MOMO @ $29.1 and LIT @ $39.8

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