Market 2017-12-06 (USO, LIT, and more)

There was a selloff in Asia, Nikkei -2%, Hangseng -2.1% ignited by Commodity and Mining companies. US market is relatively calm today. Nasdaq outperform S&P 500 and Dow Jones today as Tech names bounce back a little more. Energy Sector suffer the most from the biggest crude price drop (USO -3%) in the recent two months.

On the other hand, Bonds yield keeps falling.

Winners

Tech: FB +1.9%, PYPL +2.7%, BABA +2.2%, LRCX +2.1%, GOOG +1.4%, AMZN +1%, MU +0.9%, NVDA +0.8%, NFLX +0.6%.

X +4.3%, FSLR +3.3%. These two are both high beta picks.

In AH, LULU ER beats, reporting comparable sales increased 8% in Q3, share +7% AH.

Broadcom (AVGO): Q4 EPS of $4.59 beats by $0.07. Revenue of $4.84B (+16.6% Y/Y) beats by $10M. Hikes dividend, share up slightly.

Losers

LIT -2% amid global commodity and miners selloff. I am still bullish on Lithium (here is an introduction article) as more electric cars will be introduced soon.

GM -1.5%, I would like to start to build my position if GM falls below $40.

BGS -3.6%, it seems attractive now.

Biotech (IBB -0.7%), the correction is brutal and long-lasting. Biotech uses to be one of the safe heavens. It yet to be tested this time.

 COMCSA -2.2%, T -1.2%. Recent rally needs to be consolidated.

MAT -5%, not bottom yet.

My Trades Today

Sold SQ @ $39.2

Added more LIT

Added GILD @ $72.8

Added CVS @ $70.4

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