Indices are trading UP on IBM additional $15 Billion buyback announcement. S&P 500 is @ another all time highs which is a good thing.
S&P 500 @ 1769.57 near its high of the day of 1770.88
Internals are positive.
Oil Down 62 cents
Gold Down $6.30
Canadian $ Down 25 tick @ 95.43
VIX UP .53% @ 13.38
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are UP
@ 2.13 following are red :
AAPL TSLA CF CIEN AMCC CMG FFIV
YNDX KNDI GRPN WPRT CRUS
ZNGA JDSU TCK SPLK X
STLD EGO SLW GG
AEM CSOD WLT
Z WYNN AGU
LNKD reporting AH.....expectations for Q3 Sales $385.41 Million & EPS of 32 cents
Q4 guidance expected Sales $438.08 Million & EPS 40 cents...based on history it should be another beat & guide UP for Q4.....
BLOG does NOT give buy or sell
Saleem
10 comments:
Hey Saleem,
It's really a big night for growth stocks tonight: LNKD, YELP, TRLA, YELP, BWLD, CRUS, and SODA tomorrow pre-market.
I think TRLA will do well monetizing based on what I heard last quarter in the conference call, but I'd be concerned about a "sell the news" based on sluggish forward demand for housing.
I think SODA will tell a good story and give great Q4 guidance, but I'm not sure how Q3 might look--this could be a "buy the dip" name.
Good luck to both of us tonight! :)
Stocktrader
Hi Stocktrader,
YES..it is a growth stocks earning story tonight......i am sure most will do well as per past history.
Good luck to you & please post cc highlights whenever you can....thanks
Saleem
Hey Saleem,
The X conference call starts in 5 minutes, but I'll miss most of it due to my afternoon daily pickup.
I looked at the conference call slides, and preliminarily, it doesn't look like there's much catalyst for Q4 gains, although operationally they are doing fine.
There is a case to be made that the new CEO is throwing the kitchen sink at guidance, so it has to be taken somewhat with a grain of salt. I wonder what the analysts will say tomorrow--most are negative on the name.
Stocktrader
Hey Saleem,
I forgot about BIDU and INVN tonight too!
Stocktrader
Hi Stocktrader,
Thanks for your summation about X.
Saleem
Hi Stocktrader,
There is fear that BIDU may be lackluster....
Saleem
Hey Saleem,
YELP seems good on this dip. I think the drop is mostly related to the secondary offering which should be gobbled up. I'm listening to the YELP call until the TRLA starts at 4:00 PM.
TRLA's report is messy due to the acquisition, but earnings power in this and next quarter seems strong.
Stocktrader
Hi Stocktrader,
TRLA is flying......
LNKD was a beat but guiding low ..which they do every Q.....then they beat.....UPOD
Saleem
Hey Saleem,
I was really busy and didn't get to listen to TRLA's call as intently as necessary to add any further information. I'll try to listen tonight to a replay but may not get a chance. Sorry!
Stocktrader
Hi Stocktrader,
Dont worry about TRLA cc...later is fine.
Saleem
Post a Comment