Market 2018-01-03 (Intc trouble, and more)

Wow, Energy and Tech Sectors leads again. S&P 500 closes above 2700, following Nasdaq closed above 7000 yesterday.

Crude +2.55% to $61.91.US crude supply fell 5M barrels last week, API says. Gold -0.12% to $1,314.50.

Winners

NVDA +6.6%, AMD +5.2%. Both benefit from Intel's pain.

SQ +3.1%, PYPL +4%. Payment solutions and credit card companies should do well in 2018, including V, MA, AXP...

MU +3%, WDC +1.6%, AMAT +1.8%, LRCX +1.7%...

FB +1.8%, GOOGL +1.7%, NFLX +2%, AMZN +1.3%. AAPL is left behind, finishing flat, as I said before, analysts now realize that replacing batteries will hurt new model sell.

IBM +2.8% received upgrade from RBC Capital Markets, "attractive large-cap value", PT raised from $160 to $180.

ULTA +6.7% is upgraded by Wells Fargo to an Outperform rating from Market Perform with PT $275.

Biotech has reversed the down-trend, IBB + 1.4%, CELG +2.8%, AMGN +1.9%, ILMN +2.8%, BIIB +1.7%....

Losers

INTC -3.4%. Intel says reports that exploits were caused by a "bug" or "flaw" unique to its products are incorrect, and that it believes the exploits don't have the potential to corrupt, modify or delete any data. It also says it's providing software and firmware updates to address the exploits. -1% in AH.

 TSLA -1.3% AH following -1% in regular hours, pushed back a production target for Model 3 again and shipped fewer than expected last quarter (1.55K Vs 3K).

RAD Q3 rev -5.6%, non-GAAP EPS -100%, cash flow 41%; shares -6% AH.

M -3.7%. It is volatile these days as waiting for holiday data.

My Trades Today

Sold SQ @ $37.2

Comments

  1. UnknownJanuary 4, 2018 at 11:54 AM

    why sold SQ?

    ReplyDelete
    Replies
    1. UnknownJanuary 4, 2018 at 2:37 PM

      It was bad timing. I was worried about some market corrections, starting to trim my position of the high volatile stocks.

      Delete
    2. UnknownJanuary 4, 2018 at 3:38 PM

      Thanks

      Delete

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