Indices are mixed on mixed earnings report and downbeat economic news in USA.
S&P 500 @ 3004.41, low 3000.42, high 3016.07
Internals are mixed also.
Oil UP 48 cents
Gold UP $9.60
Canadian $ Down 3 tick @ .6930
VIX Down .93% @ 13.88
Portfolio AMD BZUN CIEN LSCC SPWR TWTR
In Nasdaq most stocks are UP.
@ 2.11 PM following are red :
CIEN TWTR EXPE YY TK RIG GPRO TRIP
MCD M.....
TWTR reported a miss by $50 million in Sales and 3 cents on
EPS...Guidance is lower but sequentially much higher. Crazy
explanation of "advertising bug is given for shortfall
in Q 3 & lower than consensus Q 4 "......staying put for now.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Trimed a little IBP @ 64.34
It's had a good run and I fear housing may have topped out for the time being, although it could certainly grind higher into year end.
Bought PINS @ 25.89
Given the huge pullback after last quarter's great earnings and guidance, I'll try my hand here. The lockup expiration has passed, and I think there's a lot of runway for growth here compared to other social media sites that appear to be stuck.
Stocktrader
Hi Stocktrader,
Good luck with PINS....
Good gains with IBP....partially booked...
Saleem
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