Market 2017-12-15 (UA, ORCL, and more)

Market rallies again as nobody can stop Tax Reform now. All Sectors except Energy show strength although the volumn is light --- relatively small amount of cash can pump the whole market amid few sellers. Such gain is fragile, which is the reason that the market gives up some ground before close.

Winners (too many to mention)

Overstock.com (OSTK +11.1%) reaches all-time high as more gamblers jump into blockchain (BTC jumps again). OSTK jumped +290% YTD.

UA (+9.1%), UAA (+9.7%) upgraded by Stifel to buy, with $17 PT. However, I am not convinced yet after CEO made some missteps in 2017.

COST (+3.3%) reported strong ER. Membership started to grow again after they changed the credit card partner from AXP to Visa (Citibank). All good now --- hold tight.


Losers

UNG (-2.6%), as the oil rig count declined by 4 to 747 after rising for three straight weeks, while gas rigs climbed by 3 to 183. NG price is sky-rocking in China, but dirty cheap in US.

ORCL (-3.8%): EPS of $0.70 beat by $0.02. Revenue of $9.63B (+6.2%) beat by $60.00M. Board authorizes increasing the share repurchase program by $12B. RBC downgrades Oracle to Sector Perform from Outperform with a $51 price target. IBM -1%.

 SBUX (-2.4%). Bloomberg reported that options on Starbucks were the most actively traded in the U.S on 12/11. Call volume on SBUX jumped to over twice the 20-day average. Well, the calls get killed today.

FIT (-7.6%) downgraded by Stifel to sell, with $6 PT.

TWTR (-1.6%) The mystery of rally yesterday is solved: GS CEO twittered a picture of him in TWTR headquarter before the rally --- WTF.

WDC (-1.2%) I think it was a good opportunity to jump on WDC this morning as it dropped below $80 briefly. I will write an article to explain why I like WDC this weekend, stay tuned. (updated: link HERE)

My Trades Today

Added UNG

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