Indices are lower & near low of the day on profit taking.
S&P 500 @ 1935.37, low 1931.41, high 1949.31
Internals are negative
Oil Down $1.39
Gold Down $6.70
Canadian $ Down 3 tick @ 87.79
VIX UP 9.20% @ 17.56, high 17.74
Portfolio AKS EGO LULU MU NXPI
Most stocks are down
@ 2.16 PM following are green :
LULU YHOO KORS GOOGL AAPL BABA
RVBD DNKN CMG EBAY BRCM NFLX
GMCR CBUX STLD WLT MLNX....
NXPI reporting AH , following are expected :
Q3 Sales $1.50 Billion, EPS $1.30
Guidance Q4 Sales $1.49 Billion, EPS $1.28
I am expecting a beat in both....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I have concerns about both YELP and NOW after the close, and it makes me nervous to even hold SPLK PFPT and PANW which I think have better prospects.
For YELP, I'm worried about decelerating growth in mature US markets and ramp up issues in Europe related to higher costs and slow traction. If they can deliver on these, I'll be pleased.
For NOW, I'm worried about penetration into new markets that already have dominant players like ORCL, WDAY, and others. They need to expand into these new markets to maintain the current high growth rates. If they show good initial success, I think the market will be pleased.
Stocktrader
Hi Stocktrader,
NOW had better than expected earnings
Saleem
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