Market 2018-01-09 (Sentiment, BA, MU, and more)

S&P 500 and Nasdaq have been green in all the 8 trading sessions this year, +2.9% and +3.8% respectively. The market sentiment is broadly positive. According to the AAII investor sentiment survey, 59.8% of polled investors are bullish on the market, meaning they expect prices will be higher in six months. That’s the highest level in about seven years. Some analysts start to worry about such "overconfidence", expecting some "pullback" in short term.

Commodities: Crude +1.93% to $62.92. Gold -0.43% to $1,314.70.

The secret government payload Zuma didn't separate as planned from the Falcon 9 rocket (SpaceX) and may have burned up upon re-entry.

Samsung will unveil Galaxy S9 next month, launching foldable smartphone in 2019.

Winners

BA +2.7%, leads Dow Jones again. The company delivered 763 planes in 2017. It booked orders for 912 commercial planes, which brought backlog to an all-time high of 5,864 planes (7 years' worth of production).

DE +2.7% after analyst meeting.

GE +1.5% despite JPMorgan cut its PT to $16 from $17.

ILMN +6.9%, Q4 sales should be ~$775M (+25%) while full-year revenue should be ~$2.75B (+15%). 2018 guidance: total revenues: ~$3.12B (+13%); non-GAAP EPS: $4.50-4.60.

Biotech (IBB +1.9%) reverses its falling trend today as JPM18 Healthcare continues. GILD +5%, jumped after CEO commit to investing in M&A and pipeline. NKTR +18.5%, BSX+8.3, BIVV +7%, EDIT +3.8%, AGN +3%, BIIB +2%, AMGN +1.6%, CELG +1.2%...

Kodak (KODK +120%) is more than doubled after being halted by the Nasdaq three times today. Kodak is partnering on a blockchain platform for photographers and new cryptocurrency with a goal to "democratize" photography.


Losers

Chipmakers have a bad day. Yesterday Mad Money host Cramer commented that invest in Pot, bitcoin, Micron were all speculative. He claimed that MU has entered the downturn in its product cycle. MU -5.7%, AMD -3.8%, INTC -2.5%, WDC -1%...

As Bond Yields up, fixed income ticks have another bad day: REITs (IYR -1.2%) and utilities (XLU -1%) are selling off.


My Trades Today

Sold 20% GIlD @ $78, holding my long position untouched.

Added MAA @ $95 to take my average cost below $97.

Added QD @ $12.4.

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