Market 2017-11-30 (WDC, COST, and more)

Tax reform is very likely to be passed in Senate now. 

Dow Jones +1.39% to pass 24k, S&P +0.82%, Nasdaq +0.73%, lead by Energy and Industrial.

Most tech companies also bounce back from the selloff yesterday, except some Chip-makers (MU -3.1%, WDC -2.6%) and Chinese companies (BABA -1.6%, MOMO -5.9%, SINA -3.4%, WB -2%).

Winners

Michaels (MIK +11.6%) ER beats. Also LZB +11.5% amid ER beats.

KR (+6.1%) reported Q3 EPS of $0.44 beats by $0.04. Revenue of $27.75B (+4.5% Y/Y) beats by $290M. Share was up as much as 13.6%.

COST (+3.9%) reported sales grew 13.2% Y/Y to $11.26B in November. Comp sales +10.8%. U.S. +10.2%, Canada +13.8%, Other international +11.1%. Share reaches all-time high.

What Wholefoods threats?

Many others, for instance, NVDA +2.2%, AAPL +1.4%, AMZN +1.3%...

Losers

JNPR (-6.2%), Share jumped more than 22% yesterday AH amid NOK take-over talk rumor. NOK denied such talk. Share price gave back all those gain as well as the gain during the trading session yesterday.

CELG (-2.2%) revised lower its 2020 outlook: $19B - 20B from $21B; EPS: $12.50 from $13.00. Adjustment made due to pipeline failure (mongersen).

Department stores take a pause today, M -0.8%, JWN -0.7%, JCP -6.5%, TGT -2.9%.

Overstock.com (OSTK -9.4%) has another hit today. It is interesting that OSTK has very similar 1-year chart as SQ, although they have totally different business.



My Trades Today

Bought more WDC, average cost $80.

Bought UNG @ $6.

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