Market 2017-11-21 (MLNX, QD, and more)

Tech leads the rally today. All sectors are in green, as well as crude and gold.

Winners

FAANG are all doing well today. other big moves include Tesla +3%, MU +3.7%, and so on.

 MLNX jumps 10.7% amid that Starboard Value discloses 10.7% stake in Mellanox, wants to improve margin and explore sale.

 XNET extend its recent run +13% today. Other Chinese tech stocks also perform well BIDU +2.4%, BABA +1.5%, JD +1.7%, SINA +1.2%, EDU +2.4%, YY +1%

Losers

Beijing has reportedly suspended approvals for new online micro-lenders. It seems a positive for existing players as the move halts competition, but they're all down sharply before market, although some of them recovers during the trading hours. QD -3.8% (was -28% @ market open), PPDF -14%, YRD -0.4%, XRF +3.3%. 


VIPS Q3 EPS of $0.14 in-line. Revenue of $2.3B (+27.1% Y/Y) beats by $10M. However, shares -11.3% today.

DSW (-13%): Q3 EPS of $0.45 misses by $0.08. Revenue of $708.3M (+1.7% Y/Y) misses by $1.33M. DSW's ER shows a different story from FL or SCVL. Stock price erases all the gain benefited from rivals' ER. Not all the retailers are the same, you have to pick the winners.

Earnings AH

Salesforce.com (CRM): Q3 EPS of $0.39 beats by $0.02. Revenue of $2.68B (+25.2% Y/Y) beats by $30M. -1% AH

GameStop (GME): Q3 EPS of $0.54 beats by $0.11. Revenue of $1.99B (+1.5% Y/Y) beats by $30M. Shares +3% AH

HPQ: Q4 EPS of $0.44 in-line. Revenue of $13.9B (+11.1% Y/Y) beats by $550M. -4.7% AH

HPE: Q4 EPS of $0.31 beats by $0.03. Revenue of $7.8B (-37.5% Y/Y) beats by $50M. -7.9% AH

Guess (GES): Q3 EPS of $0.12 in-line. Revenue of $554.14M (+3.3% Y/Y) misses by $15.61M. Shares -10% AH

My Trades Today

Sold half UAL @ $59.7. UAL is facing $60 resistance and airlines are volatile, I would like to lock my profit.

Bought MOMO @ $31.88. It will release ER next Tuesday before market.

Day-trade QD for the bounce-back.

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