Market 2017-10-05 (NFLX, BA, BIIB, COST and more)

Led by Tech, Non-cyclical consumer goods, Financials and Energy, all three indexes finishes @ new all-time high again.

Netflix (NFLX +5.4%) hikes the price. The standard service currently billed at $9.99 will roll to a $10.99 pricing in November, while the premium level goes to $13.99 from $11.99.

Deutsche Bank downgrades Western Digital (WDC, -0.9%) from Buy to Hold and lowers the price target from $105 to $80.

 Electric Airplane? A start-up company backed by Boeing (BA +1.2%) and JETBlue (JBLU)  unveils plans to bring a hybrid-powered airplane to market by 2022 that can dramatically reduce the travel time and cost of trips under 1,000 miles.

 Casinos in Nevada reported that gaming win revenue jumped 15% Y/Y in August.

Analyst Rating in biotech:

Biogen (BIIB, +3.8%) upgraded to Overweight by Morgan Stanley.

Celgene (CELG, -4.4%) downgraded to Underweight by Morgan Stanley.

Gilead Sciences (GILD, +1.3%) initiated with Market Perform rating by Oppenheimer.

MNKD adds another 40% today, +160% in a week. It is crazy.

Costco Wholesale (COST) earning: Q4 EPS of $2.08 beats by $0.06. Revenue of $42.3B (+15.7% Y/Y) beats by $750M. However, it was once down 2% AH, WTF!

15% of U.S. Gulf of Mexico oil output shut ahead of Tropical Storm Nate.

No trades today. Don't know which stocks worth buying now.

Comments

  1. UnknownOctober 5, 2017 at 2:53 PM

    COST -3% to $162 now, which is unjustified. I will add more if it drops below $160.

    ReplyDelete

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