Market 2017-12-27 (Retailers, TSLA, and more)

It is another quiet day. Market finishes almost flat.

Crude -0.65% to $59.58. Gold +0.37% to $1,292.20

AAPL is now facing at least 9 lawsuits in US and 1 in Israel. One of those class actions asks for $999B.


Winners

UBNT +4.6%. It has a nice run recently, +31% in three months.

Some recent sold-off Tech names bounced back: SQ +2%, WDC +1.2%, FB +0.9%, QRVO +2.1%, AMAT +1.2%.

Hotels & Casinos: MAR +2.2%, WYN +1.3%, LVS +1%.

Natural gas finally bounced following the recent storms across midwest and northeast. UNG +3.3%.


Losers

Malls stocks gave up some recent gains. M -4.5%, KSS -2.8%, JWN -1.1%, TGT -1%. However, it is reported that gift cards are hot gifts in this holiday season. This may spark strong sales in the following months. I believe retailers will have a nice year in 2018, considering the recent trend and new tax bill.

TSLA -1.8%. Yesterday Elon Musk promised to build F-150 type pickup in 5 year --- sounds good --- but what is going on with Model 3? He would be better to deliver them before promising new models.

CELG (-2.4%) got downgraded to market performance by Bernstein. Latest analyst recommendations for Celgene: 13 Buy, 7 Outperform, 12 Hold, and 1 Underperform. Median price target: $125.  (finished @ $104.46 today)

No Trades Today

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