Thursday, March 3, 2016

Indices mixed.....

Indices are coming back after being down on lower oil.

S&P 500 @ 1986.71, high 1988.36, low 1977.37

Internals are mostly positive except down volume are leading in Nasdaq

Oil Down 8 cent

Gold UP $17.40

Canadian $ UP 21 tick @ .6606 US$ equivalent

VIX Down 3.28% @ 16.53

In my portfolio :

Added twice SBUX 25% @ $58.67, 20% @ $58.55

Portfolio ABX BIDU CNQ CTSH FB JKS MSFT SBUX V

Most stocks are UP

@ 2.23 following are red :

JKS MSFT SBUX V GOOG LULU AMZN LNKD NXPI
CSIQ SINA MA CRUS CIEN MCD UA DATA VRX
CTRP MLNX.....

CNQ earnings report was a beat in Sales and EPS by 8 cents,
it is amazing that they can show profit when oil has crashed,
excellent execution, bodes extremely well for current and
future performance. CNQ UP almost 9%......

BLOG does NOT give buy or sell.

Saleem

2 comments:

  1. Hi Saleem,

    Couldn't resist...rebought HUN @ 11.72

    There are too many potential catalysts along with great valuation to try and game a $0.50 downside rebuy. I think true value of the company is higher on a fundamental basis, and a takeover is also possible.

    Stocktrader

    ReplyDelete

  2. Hi Stocktrader,

    Good move in buying high confidence HUN.

    Saleem

    ReplyDelete