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
Hi Saleem,
ReplyDeleteI'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
ReplyDeleteHi Stocktrader,
Sold AMZN AH @ $768.00.
Saleem