Indices are mixed with S&P 500 making another all time high.
S&P 500 @ 1913.51, high 1914.46, low 1907.30
Internals are mixed
Oil Down 70 cents
Gold Down $6.00
Canadian $ Down 27 tick @ 91.20
VIX UP 1.22% @ 11.65
Portfolio WUBA GRPN LULU MU OWW SWIR
Most stocks are down
@ 2.17 following are green :
MU OWW RAD M FB YY TWTR LNKD AMZN
PCLN KORS AAPL TSL JKS CSIQ TSLA
CMG YUM FSLR SPWR ARUN CRUS
SNDK BRCM JDSU NFLX TRLA
Z WYNN....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
The Q3 numbers for PANW look good, but the patent litigation resolution is very important. PANW has traded at a discount for its entire existence because of it. If the Q4 guidance looks decent, this should really soar.
Stocktrader
Hi Stocktrader,
Good luck with guidance of PANW.
Saleem
Hey Saleem,
Guidance was slightly ahead of consensus in both revenues and earnings. Given their standard conservatism, that should be good enough to sustain this 10% gain even if the market has a rough day. I expect upgrades tomorrow based on the patent resolution alone, and the metrics were strong also.
Stocktrader
Hi Stocktrader,
Great news on PANW guidance TAPE action...10 percent is great move.
Saleem
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