Market 2017-12-26 (Energy, AAPL, and more)
Coming back from Xmas break, the trade volume is still light. Energy shines and Tech lags.
Dollar is soft. Crude +2.21% to $59.76 --- close to $60 resistance. Gold +0.68% to $1,287.50, close to $1,300 resistance.
USO +2.4% following the explosion at a pipeline in Libya. Energy Sector: CHK +3.8%, RRC +3.3%, HES +3.1%, NBL +2.6%, COP +1.3%, CVX +0.8%. I still think the upside of crude price is limited in near term, as North Sea production will resume from January.
QD -5.5%
Added QD @ $12.4
Dollar is soft. Crude +2.21% to $59.76 --- close to $60 resistance. Gold +0.68% to $1,287.50, close to $1,300 resistance.
Winners
US retail holiday sales jump 4.9%, biggest increase since 2011: KSS +6%, M +4.6%, JCP +5.4%, BBBY +3.2%, FL +2.7%, JWN +2%, WMT +1%.USO +2.4% following the explosion at a pipeline in Libya. Energy Sector: CHK +3.8%, RRC +3.3%, HES +3.1%, NBL +2.6%, COP +1.3%, CVX +0.8%. I still think the upside of crude price is limited in near term, as North Sea production will resume from January.
Losers
AAPL -2.5%. Taiwan's Economic Daily reported Apple is trimming its fiscal first-quarter iPhone X guidance to 30 million units from 50 million units. That's according to "unidentified supply chain officials." Further, analyst Zhang Bin of Sinolink Securities Co. cut his iPhone X estimates to 35 million units from 45 million units for Apple's fiscal first quarter. JL Warren Capital LLC says shipments will fall to 25 million units in the first calendar quarter of 2018, down from the 30 million Apple will likely ship in the fourth calendar quarter of 2017. On the other hand, some analysts jump out to defend Apple and iPhone X. Nevertheless, AAPL sinks the Tech Sector today, QRVO -2.65%, AMAT -2%, AVGO -1.7%, MU -4.2%, WDC -0.8%.QD -5.5%
My Trades Today
Initiated position in C @ $74.6Added QD @ $12.4
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