Wednesday, May 2, 2018

Indices UP .12% to .36%.....NICE !!!!

Indices are all green after Fed kept rates unchanged, treasury went down and US $ went down, higher Inflation is being referenced in statement.

 S&P 500 @ 2657.14, high 2658.30, low 2642.92

 Internals are positive some as high as 2 to 1 in Nasdaq

 Oil UP 22 cents

 Gold Down 10 cents

 Canadian $ UP 21 tick @ .7175

 VIX Down 2.52% @ 15.10

 Portfolio BZUN FSLR MOMO NVDA SQ

 Most stocks are UP

 @ 2.11 following are red :

 SOXS INTC SNAP MU JD BIDU SHOP NTES SBUX
TSM YUM MCD ULTA KORS CMG IBM AAL...

 SQ reports after close, here are the expectations :

 Q 1 Sales $292.86 million, EPS 6 cents

 Guidance Q 2 Sales $334.02 million, EPS 12 cents

 SQ has a history of beating and guiding higher, expecting
no different this time......

 BLOG does NOT give buy or sell.

 Saleem


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4 comments:

  1. stocktrader_1996May 2, 2018 at 11:26 AM

    Hi Saleem,

    Made a couple of posts on the prior thread, but basically swapped TZA for BAC based on an accommodative Fed.

    Stocktrader

    ReplyDelete
  2. Stocks100May 2, 2018 at 12:21 PM


    Hi Stocktrader,

    Good luck with BAC....

    Saleem

    ReplyDelete
  3. stocktrader_1996May 2, 2018 at 12:25 PM

    Hi Saleem,

    Bought FDX @ 241.78

    I think trade fears are overblown, they could benefit from a USPS/AMZN spat, and continue to benefit from consumer tailwinds.

    Stocktrader

    ReplyDelete
  4. Stocks100May 2, 2018 at 4:56 PM


    Hi Stocktrader,

    Good luck with FDX...

    Saleem

    ReplyDelete