Indices are down on concern about tariffs against China and its threatened tit for tat repercussions. Trade dispute between US & China is not good for world economy as they are the two largest economies in the world. Despite all that Indices are near high of the day after slumping 400 points in DOW.
S&P 500 @ 2870.66, low 2836.40, high 2875.97
Internals are negative as much as 2 to 1
Oil Down 49 cents
Gold UP $4.70
Canadian $ UP 6 tick @ .6529
VIX Down 1.49% @ 19.11
Portfolio BZUN ESTC SQ TSLA
Most stocks are down
@ 2.21 following are green ;
ESTC HUYA TWTR AMD NIU ROKU AAL PHM
SPLK AEM TLRY PRNB LNG WYNN GS ORCL
OSTK NKE KBH X M CNX......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Made a few moves:
Sold STX @ 47.41
This was a good earnings story, but their long term earnings power is definitely questionable. I'd rather stick with names with specific stories or catalysts.
Sold VYGR @ 24.04
After a great run, I think this stock may rest for a while with a lack of upcoming catalysts. I am definitely not negative on it, and will look for another entry.
Bought TDOC @ 61.29
This stock has performed well in recent weeks despite the market lagging. I telemedicine will see accelerating adoption and this is one of the few pure plays on that thesis.
Bought HEAR @ 10.90
After good earnings again, I think estimates have stopped going down. With short interest at 55%, this could have a nice run.
Stocktrader
Hi Stocktrader,
Good luck with TDOC HEAR...
Saleem
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