Market 2017-12-12 (Rate Hike, Financial, and more)

Market is mixed today. Financial Sector is strong, which lifts Dow Jones, as Yellen holds her last 2-day FED meeting ---- interest rate hike is expected to be announced tomorrow. On the other hand, Utilities and Tech under-perform. Nasdaq finishes red.

Crude -1.31% to $57.23, UNG -3.6% (new low).

Political news: it is special election day in Alabama. If Dem wins, it will cast shadow on Tax Reform.


Winners

Financial: GS +3%, MS +2.1%, WFC +2.5%, JPM +1.2%, BAC +1.3%, C +0.4%. LC (+8.2%) continues its recovery. Financial Sector is expected to perform strongly in 2018.

Telecommunications: CMCSA +2.8%, T 3.3%, VZ 2.6%, S 4.2%.

TSLA jumped another 3.7% as GM continues to slide. In the past 5 trade sessions: TSLA +12.3%, GM -2.9%, F flat. I have no comments.

Redfin (RDFN +9.8%), reason is unclear to me.

Losers

QD -6.4%. Glad I sold yesterday.

GNC -8.4%. Poor balance sheet to blame?

MAT -4.9%. Free-fall cannot stop.

Tech: NVDA -2%, AMD -2.6%, MU -2.7%, FB -1.2%, BABA -2.6%, WUBA -3.4%, LRCX -2.2% ... Up one day, down the other, enjoy the ride.


My Trades Today

Bought TELL @ $9.4
Bought QD @ $13.2 (sold @ $14.5 yesterday)
Added more FB @ $176.8

Comments

  1. UnknownDecember 12, 2017 at 8:02 PM

    Breaking News: Doug Jones wins Senate seat in Alabama., narrows the GOP advantage in the U.S. Senate to 51-49. It is the first time since 1992 that a Democrat has won a Senate seat in Alabama and it’s the party’s first statewide win in any election since 2008.

    ReplyDelete

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