Market 2017-09-28

US market shakes off early weakness and finishes slightly green today. It is relatively quiet with little news.

US Stock Indexes in Sep. 2017
In September, Nasdaq is taking a break after the strong run early this year. The overall sentiment is positive. Dow Jones and S&P 500 are doing very well.

Noticeable movements today:

Rite Aid (RAD): reported earning before the bell, not a sunny day, -11.2% to touch multi-year low. Stay away.

 Pier 1 Imports (PIR): reported earning before the bell, beat both top and bottom line with flat revenue. However they cut the guidance, which sent the stock -6.7%. I will look at this one closely in the next few trading days. I will initial my position if it drops below $4.

 Gilead (GILD): -3.5% today. It is not surprising after a +35% run in 3 months. Moderate volume and late hour recovery indicates profit-taking and confirms its bullish trend. Hold.

 KB Home (KBH): just reported earning after close. Q3 EPS of $0.51 beats by $0.05. Revenue of $1.14B (+24.8% Y/Y) beats by $20M. It is encouraging that house building section is still strong despite the weakness in auto section this year. Watch closely the mortgage rate.

 Tyson Foods (TSN): just reported earning after close. Guidance boost sends the stock up 4%.

Apple (APPL): received negative comments from Deutsche Bank, gave away the gain from yesterday.

Earnings tomorrow (Friday):

CIOIF, before open

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