Indices are higher & @ high of the day, as oil is strong & @ 15 months high. Fed beige book noted moderate activity in most regions.
S&P 500 @ 2147.06, high 2148.44, low 2138.15
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.41
Gold UP $7.20
Canadian $ Down 16 tick @ .6877
VIX Down 6.87% @ 14.23
In my portfolio Added 110% TCK @ 20.44
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.36 following are red :
AAPL TCK TWLO ACIA GWPH NTES TRIL NTNX SINA
FEYE WB YELP MU NXPI MSFT CRUS ZG.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
URI reports tonight and it should be interesting. A lot of negative sentiment heading into the quarter surrounding competition and the future landscape for non-residential construction. Management execution has been very good lately, so we'll see how it shakes out...
Stocktrader
Hi Stocktrader,
You have been very close to URI situation.....
It will be interesting to read your analysis.
Saleem
Hi Saleem,
I will admit, I am not highly confident, but I think that's part of what makes it a potentially good risk/reward--I don't think many are...
Stocktrader
Hi Saleem,
Key paragraph from URI press release:
Kneeland continued, "Based on what we saw through the third quarter, and what we hear from our customers, we remain optimistic about the cycle. We now expect our 2016 rental rates and adjusted EBITDA to track toward the upper end of prior guidance and free cash flow to exceed our prior expectations. This takes into account our plan to invest up to an additional $50 million in fleet to service specific large contract wins. Looking forward, we remain positive about our operating environment and remind investors of the substantial flexibility we have in managing our business for whatever market conditions materialize."
Conference call tomorrow morning but not sure what else needs to be said. The shorts do not have their day yet.
Stocktrader
Hi Stocktrader,
URI beats and is UP 3.86% AH
Saleem
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