Fed minutes are not deviating from previous policies. They noted slower economic activity.
S&P 500 @ 1505.04
Internals are negative
Oil UP 33 cents
Gold UP $20.90
Canadian $ UP 14 tick @ 99.90
VIX UP 4.28% @ 13.88
Portfolio is BAC,CRUS,YHOO
Most stocks are down
@ 2.34 following are UP :
CRUS,YHOO,AMZN,FB,AEM,GMCR,MU,
SLW,CCJ,MS,MLNX,KOG,WYNN,FCX...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Crash and burn for FIO. I'm almost too disappointed to listen to the call!
I do like what FB is doing--I will take a closer look there, especially if they are still down 5% tomorrow morning.
Stocktrader
Hi Stocktrader,
Sorry to hear about FIO.
Their guidance for next 2 Q is well below expectations.
FB is almost unchanged now..down 39 cents only as they beat on both Top & Bottom line....
Saleem
Hey Saleem,
It turns out FIO's call wasn't so awful. It seems like a "CRUS" situation where next quarter is a trough based on their major customers deferring some purchases and then they are gaining traction with many new customers helping diversification and driving new growth. It would not surprise me to see the stock rally from these levels but definitely it has some credibility to regain.
I don't expect to sell, especially since they become an extremely attractive takeover candidate here.
Stocktrader
Hi Stocktrader,
I am glad that you have better handle on FIO in terms of revenue trend....
I listened to FB cc .....came with "neutral feeling"
Saleem
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