Market 2017-11-22 (HPE, USO, and more)

Overall, market has little change today. Tech and Energy lead the way; 6 sectors finish green with the other 4 in red. Crude jumps (USO +1.8%) amid inventory drop. Gold (+0.8%) also challenges $1300 again but fails to break out.
Durable goods orders fell 1.2% in Oct. However, analysts believe it is temporary.

Winners

DE (+4.4%) reported good earnings, leading the industrial sector today.

Amazon (+1.5%) and AAPL (+1.1%) rise before thanksgiving/Black Friday.

XNET jumped another +12% today. Share price has doubled in a week, +521% YTD. I am not sure what is behind the crazy run starting from mid-Oct.


Losers

HPE (-7.2%) & HPQ (-4.9%) Earnings are fine, but HPE CEO Meg Whitman will step down. Overall, I think she did a good job to turn HPQ around. When she became HPQ CEO, the company was struggling and share price was close to $10. She stabilized the company and split it into HPQ and HPE in late 2015. After the big drop today, the sum is still north of $34. At current price level, I would like to stay aside and wait for better entry prices.

Chinese online lenders keep suffering from regulation headwinds, QD -16.2%, PPDF -24%, YRD -4%.


My Trades Today

Sold T @ $34.88: T is fighting against DOJ, not sure what will come next.

Bought QD @ $16.7. I was trying to day-trade QD as I did yesterday. However, there was no bounce-back today. It is a small position, 1% in my portfolio.


Thank you for your views and support. Happy Thanksgiving to all!


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