Market 2018-01-17 (IBM, JUNO, F, and more)

WOW, I wasn't expecting the rally revives so quickly and violently after a mild pullback yesterday, although I believe the market is running higher in near term.

Crude +0.24% to $63.88. Gold -0.69% to $1,327.90.

Cryptocurrencies struggle again. Seriously, it is NOT healthy to trade those. The price is volatile and changing 24x7 --- no sleep-time, no weekends. It is nerve-racking and mental torture.

Winners

BA +4.8%, leading Dow Jones to pass 26,000 again. The bull-run which started late 2016 is incredible for such size company ($200B as today). PE is stretched to 30 now.

 MOMO +11.2%. YY +3.4% jumps after an upgrade to Buy from Neutral at Nomura with PT of $161 (from $80).

 IBM +2.7%, received double-upgrade from Barclays from Underweight to Overweight with PT from $133 to $192. Moreover, IBM and Maersk have launched a company using blockchain tech to track international cargo. IBM is actually leading in blockchain technologies, which gives the company huge potential as it already works closely with all the big banks globally.

JUNO jumps +51.8% amid a WSJ report that collaboration partner Celgene will pull the trigger and acquire the CAR-T developer. CELG -2.7% today as the three candidates JUNO is developing will start to bring in revenue years away (2021/22). Other CART players BLUE +7.3%, CLLS +8.7%, SRNE +5.2%. GILD +1.9%. 

Semiconductor equipment stocks rally after ICHR +19.8% upside prelim results and guidance and ASML +6.9% earnings. LRCX +7.7%, TXN +5.5%, KLAC +5.4%, AMAT +5.2%. 

Losers

F -7%. Ford plans to expand its EV lineup to 40 vehicles globally. The EV tally will include 22 full electric battery vehicles by 2022. The total investment from Ford into its electric program will be $11B over five years. GM -0.4%.

GE -4.7%. Shares have erased all the gains in 2018 in 2 days. I may add more positions if the price drops to $16s.

Bank of America (BAC -0.2%), Goldman Sachs (GS -2%), and U.S. Bancorp (USB -1.4%) are lower after topping Q4 earnings estimates. KBW's Brian Kleinhanzi takes note of sluggish loan growth at Bank of America, not to mention disappointing mortgage banking fees. The continuing plunge in trading revenue for GS and 50% drop in FICC business in Q4 was ugly. Among the big banks, I still prefer C and JPM.

AA reported Q4 EPS of $1.04 misses by $0.18. Revenue of $3.17B (+24.8% Y/Y) misses by $120M. Shares -3.4% AH.

My Trades Today

sold MOMO @ $27.2, sold too early today, it reached $28.33 in the afternoon with heavy volume. I would like to buy again under $26.

Added FB @ $176.

Added CELG @ $102.

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