Market 2017-12-14 (Net neutrality, COST, and more)

Market went south today. Healthcare and Basic Materials Sectors suffered the most. Tech also gave up early gains and finished flat. There are no reasons to be panic. I believe it is good time to swing trade.

FCC overturned net neutrality rules. It is bad for customers (us) and small players. Big guys (e.g., NFLX) will benefit. Lots of lawsuits will follow.

Crude +1.01% to $57.17. Gold +0.54% to $1,255.30. Dollar is weaker. USD/CNY = 6.61.

Winners

FOX +5.8%, FOXA +6.5%, amid DIS (+2.8%) take-over deal. It is rumors that Comcast (+1.4%) offered higher, but FOX preferred Disney stocks. DIS will have a bright future as they scale up and plan to launch own streaming service. They have certain edges over Netflix or Amazon from the rich kids friendly contents and sports contents.

DAL (+3%) shines on investor day. They plan to buy 100 jets from Airbus, big loss for BA.

SQ bounce back 2.3%. TWTR jumped 4.2% as one trader is betting big on it, according to CNBC. GOOG +0.8%, AMZN +0.9%, NFLX +0.9%.

COST Q1 EPS of $1.45 beats by $0.11. Revenue of $31.8B (+13.2% Y/Y) beats by $310M. E-commerce up 43.5%. Membership revenue rose 10% to $692M during the quarter. Share price reaches all-time high in AH.

Losers

SAFM -13%. Q4 EPS of $3.20 misses by $0.30. Revenue of $919.94M (+16.3% Y/Y) beats by $8.64M. It's actually not bad --- on watchlist.

QD -9%. Hope it will go up tomorrow.

BABA -2.7%.

GPS -3.2%, M -2.6%, JWN -2.9%, KSS -1.9%, JCP -3.5%, KR -3%. Some profit taking here.

Biotech: IBB -1.5%, GILD -2.3%, BIIB -2.2%...

My Trades Today

Bought QD @ $12.8
Added GILD @ $74.2

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