Indices are UP on Chinese stimulus program and reprieve from trade fear for now. Indices are @ high of the day.
S&P 500 @ 2932.99, high 2933.61, low 2921.86
Internals are positive
Oil UP $2.25
Gold Down 50 cents
Canadian $ UP 90 tick @ .6758..Canadian Central Bank not lowering interest rates, sees good thing in Canadian economy thus no further stimulus needed.
VIX Down Down 9.72% @ 17.75
In my portfolio ...Bought LSCC @ $19.00
Portfolio AMD BZUN CIEN LSCC MRVL SPWR TWTR
Most stocks are UP
@ 12.06 PM following are red :
BIDU MOMO CGC CRON TLRYEXPE FFIV NFLX
YELP ULTA PANW....
CIEN reports before open on Thursday, here are the expectations :
Q 2 Sales $932.54 million, EPS 57 cents
Guidance Q 3 $956.19 million, EPS 62 cents
Expecting a beat and in-line guidance.
Market predicting 11% move +-
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold LYFT @ 46.23
Although I think ride-sharing is definitely the future, there's too many question marks around the profitability, including the recent bill from California regarding gig workers. This is a case where I have to prune the losers into year end despite wanting to be involved in the story still.
Bought CSTL @ 26.02
I want to try this out and see if it can make an outsized move based on low float and a lockup expiration after year's end. Earnings last night were acceptable.
Stocktrader
Hi Stocktrader,
Good luck with CSTL.
Saleem
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