Indices are sharply higher & @ high of the day on election results, which surprised most. Oil is higher. Election uncertainty is gone.
S&P 500 @ 2159.54, high 2163.45, low 2125.35
Internals are positive by 2 to 1
Oil UP 35 cents
Gold UP $1.90
Canadian $ Down 77 tick @ .6586
VIX Down 17.93% @ 15.38
In my portfolio Bought WB in pre market @ $44.79
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are UP
@ 2.22 following are red :
BIDU CMG GOOG CRM FB CTRP TSLA AMZN
BABA JKS CSIQ EXPE PCLN FSLR SPWR
MU TRIP SWIR MGA MSFT LRCX.....
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteBought a half position in NEFF @ 9.88
This small cap alternative to URI could be a perfect play here despite the gain today. With high debt (= high leverage), any upticks in rental rates or usage could disproportionately add to the bottom line. Valuation is attractive at ~6x next years EPS, and with an actual growth driver, we could see expanded valuation and earnings, leading to dramatic share price appreciation. The chart pattern is good for a breakout and still early in that process. I like the setup.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with NEFF.
Saleem