Indices are lower due to overbought condition.
S&P 500 @ 2118.68, low 2115.40, high 2128.49
Internals are negative
Oil UP 39 cents
Gold Down $5.40
Canadian $ UP 33 tick @ 70.41
VIX UP 2.53% @ 12.56
GPRO LULU RAD TWTR VDSI
Most stocks are lower
@ 2.43 following are green :
TWTR VDSI VIPS BITA YELP LNKD BIDU
GOOGL NXPI SWIR WUBA SINA EXPE
YUM FFIV CIEN JDSU QIHU NFLX
AAL STLD GG ABX AEM CCJ
CNQ Z WYNN AGU TRIP
MLNX....
GPRO reports AH, here are the expectations :
Q2 Sales $395.22 million, EPS 26 cents
Q3 guidance Sales $401.26 Million, EPS 22 cents
Expecting a beat......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold GPRO @ 61.57
Sold AMBA @ 117.944
Took profits after great runs!
Stocktrader
Hi Stocktrader,
Good idea to lock gains.
Saleem
Hi Saleem,
Blowout quarter and guidance again!
Stocktrader
Hi Saleem,
I'm really surprised the stock reaction isn't better given the very great guidance. AMBA remains down despite GPRO's increased guidance. I guess we'll see what people think tomorrow.
Stocktrader
Hi Stocktrader,
YES GPRO had a blowout Q and guidance, once that happens, stock price follows that trajectory....
Saleem
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