Indices are mixed in anticipation of earnings report from GOOG & AMZN after hour. Oil is higher after recent weakness.
S&P 500 @ 2138.22, low 2133.11, high 2147.13
Internals are negative by 2 to 1 in NYSE & little better in Nasdaq
Oil UP 67 cents
Gold UP $6.70
Canadian $ unchanged @ .6621
VIX UP 2.67% @ 14.62
Portfolio AMD AMZN AAPL CNQ CMG TWLO VRX
Most stocks are down
@ 2.15 following are green :
CNQ CMG VRX BABA CRM NTES BIDU SPLK ABX TSLA
TWTR V DNKN EXPE SU FFIV MA CHK SWN TK RIG
AEM FCX GS MS V AAL......
AMZN reports AH, here are the expectations :
Q3 Sales $32.69 billion, EPS 78 cents
Guidance Q4 Sales $44.58 billion, EPS $2.14
Expecting a huge beat in EPS and higher guidance.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I'm not particularly enthusiastic about AMZN tonight given every single analyst has raised their price target in the last month ("sell the news" potential), but I think it sets up well to rally into year end no matter what happens today.
As for the Russell 2000 though, we may be stuck in a slog for a while still. Today's action is horrific and there won't be uncertainty resolution for weeks. I won't try and "game the trade" but instead will stick with my selected companies unless their specific thesis changes.
Stocktrader
Hi Stocktrader,
Sold AMZN AH @ $768.00.
Saleem
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