Indices are UP as we have an oversold bounce in technology.
S&P 500 @ 2818.87, high 2824.46, low 2808.06
Internals are positive by 2 to 1
Oil Down $1.20
Gold UP $2.30
Canadian $ UP 40 tick @ .7007
VIX Down 6.45% @ 13.34
Portfolio AMD BIDU BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.20 following are red :
AMD BIDU SQ YY DQ SOGO NEW NTES SHOP GS MS
CTRP BAC EXPE SINA SU RIG LNG MCD CMG IBM
X......
Tonight IQ & BIDU reporting.....expectations are :
IQ Sales $4.88 billion, EPS loss
Next Q guidance Sales $6.02 billion, EPS loss of $2.07
Expect IQ to beat EPS expectations which is unknown as per yahoo financial.
Expect stock to have positive reaction to earnings report, IQ has been crushed....
BIDU Q2 Sales $4.03 billion, EPS $2.62
Next Q guidance Sales $4.41 billion, EPS $2.74
Expecting BIDU to beat and guide higher, too much bearish sentiment in BIDU......expecting positive reaction to earnings.
BLOG does NOT give buy or sell.
Saleem
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