Market 2018-03-15 (WMT, ADBE, and more)

Market is mixed. Well, it is Nasdaq's turn to go down today as Dow Jones holds up. 

Crude +0.38% to $61.19. Gold -0.69% to $1,316.50. Treasury yields flat. US dollar UUP +0.49%.

News

U.S. gas cargo turns toward U.K. as Russian relations deteriorate. UK Prime Minister May raised questions about rising imports of Russian LNG amid the worst relations between the U.K. and Russia since the Cold War following Russia's alleged nerve agent attack against a former spy on U.K. soil.

International mining companies including Glencore, Randgold (GOLD) and Ivanhoe Mines quit the Democratic Republic of Congo’s chamber of commerce, saying the industry body no longer represents their interests after the introduction of the country's new mining law in January, which raises royalties on minerals and removes a clause that protected miners from changes to the fiscal and customs regime for 10 years.
At least five mines, which produce more than 85% of Congo’s copper, cobalt and gold production, reportedly resigned from the industry group.

Walmat (WMT -0.2%) had a flash-drop in afternoon trading after an ex-employee filed a whistleblower lawsuit against the retailer. The legal action alleges that the company released false e-commerce results and fired an executive who raised concerns over some of the practices with the e-commerce business.

Toys R Us plans to shut down all US Stores. Gift cards are good for one month. If you still have some, spend them ASAP. I bought a few lego sets today.

Spotify (Pending:SPOT) says it's going to direct-list its shares on NYSE on Tuesday, April 3.

Winners

DG +4.7% after solid holiday quarter, same-store sales were +3.3% in Q4. DLTR +1.5%.

WSM +2.5% after ER beats and upside guidance.

DDD +5.8% after reporting profit, ER beats. received upgrade from Stifel.

ANGI Homeservices (ANGI +2.2%) after an initiation at Buy by UBS.

FireEye (FEYE +3.9%) after a The Information article says Cisco (CSCO +0.1%) and Symantec (SYMC +0.7%) have looked into buying the company.

Barnes & Noble (BKS +6.3%) is projecting better than expected earnings for 2019.

Noodles & Company (NDLS +12.2%) expects comparable restaurant sales growth this year. Shares hit 52wk high today.

Losers

Tailored Brands (TLRD -5.6%) despite solid earnings.

Petrobras (PBR -2.8%) after reporting a Q4 net loss of $1.68B and a full-year net loss of 466M reais, weighed by a $3.4B settlement to end a class action lawsuit in the U.S.

Snap (SNAP -3.6%) due to an ad controversy that's drawn criticism from Rihanna, subject of an ad that made light of a domestic-violence incident involving the pop star.

Xunlei (XNET -4.9%) slips after ER, Share are now less than 50% than 52wk-high.

HAS -0.4% and MAT -2.4% drop on the Toys R Us shutdown.

Earnings in AH

Broadcom (AVGO +2.8%) Q1 EPS of $5.12 beats by $0.08. Revenue of $5.33B (+28.4% Y/Y) beats by $10M.

Adobe Systems (ADBE): Q1 EPS of $1.55 beats by $0.11. Revenue of $2.08B (+23.8% Y/Y) beats by $30M. Shares +3.4% in AH to all-time high. Excellent company --- Shares almost doubled in one year.

Overstock.com (OSTK -0.6%): Q4 EPS of -$3.72 vs consensus -$0.05. Revenue of $456M (-13.3% Y/Y) misses by $70.18M. Shares -10% in AH. Stay away from it.

Ulta Beauty (ULTA +2%): Q4 EPS of $2.75 misses by $0.03. Revenue of $1.94B (+22.8% Y/Y) in-line. Shares -4.3% amid light guidance. I may buy back my shares if it drops below $180.

My Trades Today

Bought DKL @ $28
Sold 1/3 RUBI @ $2.2
Sold ULTA @ $206, glad I sold before ER, making a little profit overnight.

Earnings Tomorrow

pre-market:  TIF

Comments

  1. UnknownMarch 15, 2018 at 1:58 PM

    今天个股都不太行。入了一点ALB $98.50. 对基本面不是很看好，就是之前讨论的lithium supply, pricing concerns. 只是觉得接近这个位上，应该有比较强的支持。也不知道会怎么样。中钙回来一些马爸爸要在A股上市。顺便问一下 EDU到底有希望不？

    ReplyDelete
    Replies
    1. UnknownMarch 15, 2018 at 2:05 PM

      刚果加税或许会影响金属锂产量，对其价格提供支撑。对了，小结里忘记提今天中概都不错，BABA, JD, NTES, 包括EDU都挺绿的。EDU我没怎么关注，前阵子国内提出给学生减负，教育类股票受些影响，但应该是暂时的，东亚的科举文化摆在哪里，哪里改的过来。

      Delete
    2. UnknownMarch 15, 2018 at 8:30 PM

      EDU的问题是上个季报太差了，一直在penalty box里出不来。话说为什么OSTK股票跌了这么多，买put 却不赚钱？索罗斯在护盘吗？他为什么看重了这个股？

      Delete
    3. UnknownMarch 15, 2018 at 10:47 PM

      overstock.com本来是网络卖东西的，从首饰到家具，就像京东，也像近来很火的wayfair，后来是第一个跳出来接受bitcoin的，尝到甜头以后不务正业，忙着倒腾电子货币炒作blockchain，其实只有ibm这样的才是真的搞blockchain，多数公司都是在炒作而已。一直对这公司不感冒，倒是没仔细读过他们的季报。

      Delete
  2. UnknownMarch 16, 2018 at 9:28 AM

    WOW, ULTA was down more than 6% yesterday AH, which is now +8%. Too bad I sold all my shares. At least I had good sleep last night though.

    ReplyDelete

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