Market 2018-04-23 (MU, GOOG, and more)

Market is trying find direction after both trade war and North Korea situation ease.

Breaking News: At least nine people were killed and 16 injured in Toronto when a van drove into pedestrians on a busy street. A law enforcement official briefed on the situation in Toronto tells CNN the incident is believed to be deliberate.

30-year +0.02%. 10-yr -0.12%. 5-yr -0.08%. TLT flat.

 Crude +0.83% to $68.97. Gold -0.88% to $1,326.50. UUP +0.6%.

Winners

HAS swings from loss to +4% after ER misses. Hasbro blames ToysRus for the miss, and investors are buying it. MAT +6.3%.

ALK +5.7% after ER beats and capacity view cut.

Retailers regain some strength: KORS +4.4%, UA +4.4%, UAA +3.9%.

Losers

MU -3.2% after UBS analyst sees weak 2019 in NAND, DRAM. WDC -2.9%, STX -2.4%, NVDA -2.1%, AMAT -1.8%...

iRobot (IRBT -6.2%) as Amazon is reported to be working on a domestic robot (a walking Alexa?).

CBI -8.3% ahead of ER. Subsea 7 (OTCPK:SUBCY) offered $7/share for McDermott (MDR +15.7%) on the condition that MDR terminate its agreement to purchase CBI. McDermott rejects the offer.

 UBS -2.9% despite reporting a 19% jump in net profit in Q1, amid cautious outlook. GS -2.1%, MS -1.5%...

SKX -5.1% continues its free-fall. Stock price has dropped from $42 to $29. I would like to buy if it drops to $25.

Earnings in After-Hour

Alphabet (GOOG -0.5%): Q1 EPS of $9.93 beats by $0.64. Revenue of $31.15B (+25.9% Y/Y) beats by $870M. Shares +0.5% in AH.

Whirlpool (WHR +0.6%) reports ER misses. Q1 EBIT of $151M vs. $239M a year ago. expects cash flow generation from operating activities of $1.7B to $1.8B this fiscal year and reiterates EPS guidance of $14.50 to $15.50. Shares -2.9% in AH.

Chicago Bridge & Iron (CBI -8.4%): Q1 EPS of $0.43 beats by $0.09. Revenue of $1.74B (-4.9% Y/Y) beats by $110M. Shares -0.2% in AH.

Caterpillar's (CAT +0.5%) three-month rolling machine retail sales +26%. Shares +0.7% in AH.

My Trades Today

Bought NVDA

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