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
2 comments:
Hi Saleem,
Bought 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,
Good luck with NEFF.
Saleem
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