Market 2018-03-14 (Trade war with China, Inflation, and more)

It is Dow Jones's turn to go down today, while Nasdaq performs relatively better.

Crude +0.28% to $60.88. Gold -0.13% to $1,325.40. US Dollar UUP flat. Treasury: 30-year +0.52%. 10-yr +0.16%. 5-yr +0.05%. TLT +0.86%.

The worst in Dow 30 are BA -2.5% in the wake of possible trade war with China, and DWDP -2.2%. AAPL (-0.9%) should also be worried since Chinese market is extremely important to them.

News

Trump wishes to slap $60B tariffs on Chinese goods. China will definitely fight back if it is singled out for tariffs.

US producer prices index (PPI) +0.2% vs 0.1% expected in Feb; core PPI +0.4%. Retail sales declined for a 3rd month as households curbs purchases of cars and other expensive items. Therefore, treasury yields fall today.

Broadcom officially withdrew a $117 billion takeover bid for its rival chip maker QCOM.

BTC keeps falling after Google's announcement banning advertisements from initial coin offerings.

Winners

Utilities Sector (XLU +1%) is winner today as Treasury yields fall.

Semiconductor Sector (SOXX flat) holds steady after recent rally.

NFLX +1.8% is the best among FAANG. FB +1.3%, GOOG +1%. SQ +5.4% again.

Chinese Techs: BABA +2.3%, WUBA +2.1%, TCHEY +1.4%, NTES +0.8%, MOMO +1.2% (however, YY -2% continuing its recent weakness).

PUK +5.6% after reporting Q4 EPS of $8.61, Revenue of $15.25B (+13.6% Y/Y) --- impressive numbers.

CI (+1.5%) bounces back a little.

BGS +3.9% also bounces back.

P +5%, as shares recover the loss after ER.

Losers

Signet Jowlers (SIG -20.2%) Q4 EPS of $4.28 beats by $0.03. Revenue of $2.29B (+0.9% Y/Y) beats by $50M. FY2019 guidance is weak.

ARNA -8.3% despite ER beats: Q4 EPS of -$0.36 beats by $0.23. Revenue of $15.36M (-77.8% Y/Y) beats by $7.79M.

QD -6.8%, it has been volatile for quite a while.

OSTK -6.9% continues its free-fall. It hit all-time high in Jan @ $89.8, vs $48.5 now.

UNFI -4.3% has given back all the gains after ER.

X -4.6% continues to slide.

KR -2.4%, COST -1.5% amid the retail sales decline news.

Earnings in AH

Williams-Sonoma (WSM +1.8%): Q4 EPS of $1.68 beats by $0.07. Revenue of $1.68B (+6.3% Y/Y) beats by $30M. Shares +5.2% in AH.

 3D Systems (DDD +1.1%): Q4 EPS of $0.05 beats by $0.05. Revenue of $177.26M (+6.8% Y/Y) beats by $13.79M. Shares +11% in AH.

 Noodles & Company (NDLS -3.9%): Q4 EPS of $0.01 beats by $0.02. Revenue of $112.8M (-12.8% Y/Y) beats by $1.75M. Shares +5.7% in AH.

 Del Taco Restaurants (TACO -1.8%): Q4 EPS of $0.15 misses by $0.02. Revenue of $146.5M (-2.5% Y/Y) misses by $0.85M. Shares -4% in AH.

 Rubicon Project (RUBI +6.2%): Q4 EPS of -$0.28 in-line. Revenue of $31.4M (-53.0% Y/Y) beats by $1.78M. Shares +9.3% in AH. PS. my shares are still underwater :(

My Trades Today

Sold BGS @ $27.8, 5% gain in few days.
Bought back ULTA @ $203 (sold yesterday @ $212.4), ULTA will have ER tomorrow.
Added more C.

Earnings Tomorrow

pre-market: ADT, AUDVF, DG, PBR
post-market: ADBE, AVGO, KODK, OSTK, ULTA, ZUMZ

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