Market 2017-11-8 (LVS, SNAP, LC)

It is a quiet day. Trump is in China (still twittering). Democrats won the elections (NJ and Virginia Governors) yesterday.

Winners

Casino stocks have a really nice run recently. From 10/31, LVS + 10.5%, WYNN + 8.2%, MGM +8.2%, mostly due to the growth in Macau. I speculate profit taking might happen soon.

AAPL (+0.8%) is planning AR headset in 2019. They will have iPad with Face ID next year. Apple is also developing original content -- orders two seasons of a dramatic series Witherspoon. They are definitely thinking about what is beyond iPhone X. Will these approaches successful? We will see. Apple is also on the news of paradise papers about avoiding taxes, and initiating $10B bonds (because most cash are offshore).

Losers

SNAP (-14.6%) I would like to stay away. Facebook will kill it sooner or later.

LC (-15.9%) an online platform for small loans get punished by tightening underwriting standards for loan application. Sell-side thinks bad-loan is OK, slower revenue growth is not. I don't think so, will add my position if it drops below $4.

TWX (-6.5%) the Financial Times reports that U.S. regulators are demanding a sale of news network CNN to approve the T-TWX deal. (politics is involved here as Trump doesn't like CNN at all).


Earnings AH

CenturyLink (CTL): Q3 EPS of $0.44 misses by $0.01. Revenue of $4.03B (-8.0% Y/Y) misses by $30M, lower full-year guidance, -11.7% AH

ROKU jumps 26% after its first ER: revenues grew 40% to $124.8M and gross profit was up 92% to $49.9M

I made no trades today.

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