Indices turned mixed after Fed minutes were released, Fed was concerned about sub 2% inflation and debated scenario for rate increase. Market is took these as positive initially but has reversed since.
S&P 500 @ 2046.53, low 2040.37, high 2052.14
Internals are negative by almost 2 to 1
Oil UP 36 cents
Gold Down $10.00
Canadian $ Down 28 tick @ 86.78
VIX UP 1.30% @ 14.04
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are down
@ 2.19 following are green :
LULU MU LEN TSL LNKD GOOGL WUBA
RVBD COH KOG JKS AMZN DNKN
CMG MA V YNDX HIMX CIEN
JDSU M SBUX MCD CCJ
TRLA Z TRIP......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I've been listening to the CRM conference call and I'm encouraged by their multiple levers still to pull for even more growth. They reported a nice current quarter and forward guidance seems conservative based on a their new initiatives in Analytics and still-very fast growing cloud products like Service. I would not be surprised to see this $2.50+ drop reverse by tomorrow.
Stocktrader
Hi Stocktrader,
For some reason CRM has been lagging in price action for a long time, Cramer likes it though....
Saleem
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