Market 2018-05-01 (AAPL, GILD, and more)
Market is supported by Tech today. Nasdaq has a good start in May, led by Apple (AAPL +2.3%), Intel (INTC +3.3%) and Microsoft (MSFT +2%).
Treasury yields rise again, which is behind the selloff this morning.
Crude -1.69% to $67.41. Gold -1.01% to $1,305.90. UUP +0.66%.
PFE -3.3% as breast cancer drug disappoints.
GRUB -8.4% despite solid Q1 beats. Share price has been doubled in the past year.
Shopify -4.7% despite ER beats.
STX -6.4% on Tariff concerns, despite ER beats.
Apple reported ER beats in AH, shares +3.8%. The recent ER rally is mainly due to the dividend hike and massive buyback plan ($100B). It will be interesting to see what is the plan to grow revenue in future.
GILD reported ER losses, shares -5.5%. I believe this might be the turning point, as there is not much room for HCV drugs to fall. The company stands by their guidance published in Feb.
SNAP -16% in AH as revenue gains fail to hit consensus.
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