Indices are reacting to Chinese economic slowdown and resurgence of US$ which is taking a toll on commodities and its related stocks. European growth target was cut today. Indices are trying to stage a comeback.
S&P 500 @ 2067.56, low 2054.89, high 2077.18
Internals are negative by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down $1.10
Gold Down $6.40
Canadian $ Down 1.74 cent @ .7299
VIX UP 3.54% @ 15.20.....looks good for equities recovery.....
Portfolio BIDU CNQ CMG FEYE JKS NTES JCP
SBUX TWTR
Most stocks are down
@ 2.04 following are green :
CMG AAPL QRVO SINA YELP AAL MCD
WYNN TRIP......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
The financing announcement today by RLYP I view as a large positive. It is non-dilutive and appears to be a loan to gain leverage/time in buyout talks. The long-term fate of the stock hinges mostly on the competitor's PDUFA date in late May now. RLYP could end up being worth $10 or $40.
Stocktrader
Hi Stocktrader,
I saw RLYP being down 14% then 9% AH .....but was not aware of reason.
Thanks for informing us on the details, i am sure Joseph will appreciate this info in his hectic schedule.
Saleem
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