Market 2018-05-03 (BA, NVDA, TSLA, and more)

Stocks recover most of earilier selloff, as supported by 200-MA.

It has been recent trend that stocks fail to rally after strong ERs, which indicates a few things:
    1. A lot has been priced in;
    2. Not much fresh cash to support rally --- investors are much more cautious now;
    3. The outlook of economy is not clear, as trade-war looms.

US-China negotiation kicked off in Beijing today. Market is watching the process very closely.

Winners

BA +2% lifts Dow Jones.

CHD +3.6% on ER beats. PG +0.6%, CL +0.3%.

VMC +7.5% after ER beats: Q1 EPS of $0.44 beats by $0.21. Revenue of $854.47M (+8.5% Y/Y) beats by $38.72M.

MRO +6.2% as earnings, revenues, production all beat estimates

YUM +3.1% bounces back from yesterday selloff. Baird upgrades YUM to an Outperform with $94 PT.

NVDA +3%, Barclays upgrades Nvidia to Overweight with $280 PT. SOXX +0.6%.

Losers

TSLA -5.5% after another quarter of B$ loss. It is unusual that Elon Musk lost his patience to paint rosy pictures, which he has done well over the past several years. He simply refused to answer certain questions, which made analysts unease.

TEVA -4.4% swings from +6% gain in pre-market to deep red, after reporting Q1 top line -10%; earnings +74%; cash flow rebounds; guidance raised.

CAH -21.4% amid lower guidance.

ABC -7.4% despite ER beats, revenue +11%; earning -30%; six-month cash flow -121%. Biotech continues to struggle, IBB -1.4%.

KORS -6.2% continues to slip. Stock price has dropped from $70 to $61 this week. UAA -5.4%. Apparel sector has been weak recently.

APA -6.1% despite ER beats and raising 2018 production.

CVS -5.4% continues to fall. Stock price has dropped from $70 to $62 this week. I would like to buy if price goes near $60.

Earnings in AH

In after-hour, Twitter (TWTR) says it found a bug tied to password storage. Shares -1.4%.

CBS (CBS): Q1 EPS of $1.34 beats by $0.15.
Revenue of $3.76B (+12.6% Y/Y) beats by $120M.
Shares +2.9%.

Pandora Media (P): Q1 EPS of -$0.27 beats by $0.11.
Revenue of $319.2M (+1.0% Y/Y) beats by $15.21M.
Shares +9%.

 Skyworks Solutions (SWKS): Q2 EPS of $1.64 beats by $0.04.
Revenue of $913.4M (+7.2% Y/Y) beats by $2.44M.

Motorola Solutions (MSI): Q1 EPS of $1.10 beats by $0.23.
Revenue of $1.47B (+14.8% Y/Y) beats by $100M.

Universal Display (OLED): Q1 EPS of $0.13 misses by $0.06.
Revenue of $43.57M (-21.6% Y/Y) misses by $9.66M.
Shares -5%.

 Mettler Toledo (NYSE:MTD): Q1 EPS of $3.74 beats by $0.01.
Revenue of $660.82M (+11.1% Y/Y) beats by $8.96M.

 Shake Shack (SHAK) reports Q1 EPS of $0.15 beats by $0.06.
Revenue of $99.12M (+29.1% Y/Y) beats by $2.78M.
Same-shack sales rose 1.7% in Q1 to top the estimate for a 0.4% dip for the quarter.
Shares +3.6%.

Wingstop (WING): Q1 EPS of $0.25 beats by $0.05.
Revenue of $37.39M (+11.9% Y/Y) beats by $1.27M.
Shares +2.5%.

 El Pollo Loco (LOCO): Q1 EPS of $0.17 in-line.
Revenue of $105.76M (+6.0% Y/Y) beats by $2.48M.

B&G Foods (BGS): Q1 EPS of $0.55 beats by $0.02.
Revenue of $431.73M (+4.7% Y/Y) in-line.
Shares +5%.

 Weight Watchers (WTW): Q1 EPS of $0.31 beats by $0.25.
Revenue of $408.2M (+24.0% Y/Y) beats by $19.71M.
Shares +7%.

 Herbalife (HLF): Q1 EPS of $1.40 beats by $0.30.
Revenue of $1.2B (+9.1% Y/Y) beats by $90M.
Shares +1%.

EOG Resources (EOG): Q1 EPS of $1.19 beats by $0.19.
Revenue of $3.7B (+41.8% Y/Y) beats by $190M.
Shares -2%.

My Trades Today

Sold NVDA @ $232.6, as I worry about the trade -war with China (we will know tomorrow).

Sold half M @ $31.6 to lock profit (cost ~ $22).

Added MS. (If China opens financial market, MS can benefit a lot).

Added WDC.

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