Indices closed UP.
S&P 500 @ 2090.35, high 2090.35, low 2063.11
RSI @ 68.33
CMF @ 0.410
Internals were :
UP volume led by 3.63 to 1 in NYSE & 4.70 to 1 in Nasdaq
Advancing stocks led by 3.74 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 71 in Nasdaq
VIX Down 7.13% @ 14.33
Oil @ $45.94
Gold @ $1176.10
Stocks which were UP 2% ++++ included CNQ FIT NFLX VDSI
AAPL SWIR TSL BABA FEYE GPRO JKS CSIQ FSLR SPWR
YHOO SINA DNKN SU YNDX CRUS LSCC CIEN FNSR
C QIHU GMCR SPLK X CCJ DATA CSOD MGA MS
GS BRCM WYNN......
AH ER.....SPWR UP 6.21%, CRUS UP 4.21%
BWLD Down 14.03%, GPRO Down 17.41%
NXPI reported @ 8.03 PM, here are the details :
Q3 Sales expected $1.55 billion, actual $1.52 billion, miss by $30 million
Q3 EPS expected $1.50, actual $1.57, a beat by 7 cents
Q4 expectations Sales $1.58 billion, guidance $1.52 billion, a miss by $60 million
Margin improved & staying @ 49.1% thus a beat in Q3......
Conference call @ 8AM......
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was very strong and closed @ absolute highest point in S&P 500 & Nasdaq, Dow missed by few ticks.Internals were super strong. Earnings are mixed tonight and may affect Thursday's trade. TAPE may need some rest here to find its support.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
I read the Q4 guidance as being sequentially "down in the low to upper-teens range". At midpoint that would be ~1.29M (-15%). They didn't make it totally clear from the press release, but that's how I took it. I'm sure they will clarify on the conference call.
Stocktrader
Hi Stocktrader,
They are showing $1.52 Billion as actual Sales for Q3 and guidance for Q4 is $1.52 Billion Sales also....i do not why they are saying sequentially down ?
Saleem
Hi Saleem,
I thought the NXPI call was ok. Although NXPI was one of the few semis that warned this big, it certainly seems like a transitory issue for them. With the pending merger/synergies, NXPI is a buy somewhere around here I'd imagine, but month-end and year-end portfolio positioning might skew investment manager's decision making. I'll be watching closely for an entry.
Stocktrader
Hi Stocktrader,
I had a sell order for NXPI @ $78.50 well before open, got filled.
Market is lofty and no need to hold anything with a question mark.
Saleem
Hi Saleem,
Nice fill on a tough stock move. Good luck with the next pick.
Stocktrader
Hi Saleem,
Can't help it...rebought AMBA @ 52.17. Bad news all out now?
Stocktrader
Hi Stocktrader,
Good luck with AMBA....
Saleem
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