Dow & S&P 500 are @ an all time high.
S&P 500 @ 1771.95, high 1772.09
RSI @ 70.53
CMF @ 0.406
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 176 in Nasdaq
VIX UP .75% @ 13.41
Oil @ $98.20
Gold @ $1345.50
AH ER : CRUS Down 2.13%, LNKD Down 3.29%,
YELP Down 10.65%
TRLA UP 5.2%, BIDU UP 5.72%, BWLD UP 11.19%
LNKD ER was a beat on Sales & EPS..
Sales actual $393.00 Million vs expectations of $385.41
EPS actual 39 cents vs expectations of 32 cents
Guidance for Q4 Sales was below consensus
$415 to $420 million vs expectations of $438 million
2013 Adjusted EBITDA was guided UP to $364 million vs prior guidance of $340 to $355 million....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, except for Nasdaq all indices are hitting all time highs which bodes well for further gains. Earnings are mixed mostly good, some not treated well by market despite good numbers. It is important to show patience even when things do not look good on paper as conference call or analysts may push it higher.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
Sold TRLA @ 45.67 to take profits. Despite nice results, I'm not sure the catalyst for upside right now. If you recall, it was part of my plan to "sell the news". Now let's see if SODA is "buy the dip"! :)
Stocktrader
Hey Saleem,
Bought BIDU @ 168.82. Nice results, guidance, and analyst commentary--looking for a breakout.
SODA's conference call confirmed the story was intact but, as a young company, their quarter to quarter results could remain lumpy. I'm not sure we have the catalyst for all that short interest to cover or not...
Stocktrader
Hi Stocktrader,
Good move in TRLA & BIDU.....
Saleem
Hey Saleem,
I listened to WLT's conference call and didn't hear anything surprising. They are cutting costs but still struggling with low met coal pricing. They are optimistic we have stabilized or could move higher in price from here (not sure what else they could say though). They do see production rising into next quarter.
Stocktrader
Hi Stocktrader,
I had stepped out....
Thanks for your take on WLT cc....
Saleem
Hey Saleem,
I'm trying to find something to sell to buy some YELP. The quarter was great and international expansion is still ramping. I think this secondary offering is a great opportunity.
Stocktrader
Hey Saleem,
Trimmed about half my FCX @ 37.66 to buy YELP @ 65.244.
FCX has had a nice run, and I worry there's downside risk in gold, copper, and oil. It is still very cheap compared to many peers, so I wanted to keep some. I think we'll see many hedge funds having added FCX when portfolio positions are announced next month--it was an obvious choice for commodity exposure.
Stocktrader
Hi Stocktrader,
Good strategy with half FCX & YELP in portfolio.
Saleem
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