Market 2017-12-21 (NKE, BBBY, and more)

Market barely keeps positive as indexes slide sharply at the final few minutes. Energy sector outperforms for the 2nd day. WTI crude closed +0.4% at $58.36/bbl for a nearly 3-week high, while Brent at $64.91/bbl, and the energy group (XLE +2.1%) easily led all S&P 500 sectors. Financial Sector is also strong.

Final reading on US Q3 GDP is +3.2%, vs 3.3% expected.

Winners

Banks: WFC +2.5%, C +1.6%, JPM +1.6%, BAC +1.1%, GS +2.3%, 

Energy: HES +5.4%, APA +5%, RRC +4.4%, MRO +4.4%, HP +4%, CVX +3.3%, COP +3.1%, XOM +1.2%.

Comcast (CMCSA +3.6%) plans to invest $50B in infrastructure over the next 5 years. CHTR +5.2%, T +0.9%

UAL +2.1%. +12.7% for 1-month.

In AH, Nike (NKE +1.9%) reported Q2 EPS of $0.46 beats by $0.06. Revenue of $8.55B (+4.5% Y/Y) beats by $150M. North American revenue was down 5%  to $3.49B. (exactly what I feared when I sold all my position a few days ago) Greater China revenue increased 16% to $1.22B. Shares +0.7% in AH.

Losers 

PG&E -13%. The company suspends dividends, facing lawsuits following CA wildfire.

BBBY -12.5%, despite ER beat. Analysts are blaming the declining gross profit. I day-traded today. I may buy again if the price falls to $20.

BIIB (-3.3%) negative updates on Alzheimer's disease drug (BAN2401, phase 2). The final analysis is expected in the 2nd half of 2018. They are also developing the other drug E2609. BIIB is betting huge on Alzheimer's disease. If they make it, stock price can easily cruise north of $400. However, a failure will be a huge blow to their pipeline.

Semiconductor companies are under pressure again: MU -2.9%, WDC -2.3%, KLAC -3.4%, AMAT -2.6%, LRCX -1.7%, INTC -1.7%.


My Trades Today

Added MAA @ $98.8

Added GILD @ $73

Day-traded BBBY $21.2 --> 21.8

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