谈股论币

Market 2018-02-05 (WOW.... Bloody)

战胜市场 7月前 103

The quick bounce in the morning turned out to be a trap. The selloff is so violent that there are almost no survivors. The deep dip  around 3pm is especially evil. The market is definitely in panic mode. Dow -4.6% to 24,343. S&P -4.1% to 2,649. Nasdaq -3.8% to 6,967. And the selloff continues in AH.

The money floods into Treasuries: 30-year +1.12%. 10-yr +0.74%. 5-yr +0.51%. 10-yr note drops from above 2.85% to 2.7% (about last Tuesday/Wednesday level). This may calm some nerve.

Currently it is hard to predict how much lower indices will go. I would suggest to prepare your own shopping list and start to add positions. I am fully positioned myself. I plan to hold and wait.

Commodities: Crude -2.73% to $63.66. Gold +0.28% to $1,341.00.

Bitcoin is also facing another run of selloff as major US & UK banks ban Bitcoin credit card purchases. The lowest price today is below $6600 from coindesk.

To be honest, there is no particular bad economic news today. Instead, we have some good earnings and M&A.

Broadcom (AVGO -3.1%) plans to raise its takeover offer for Qualcomm (QCOM -6.6%) to ~$120B. The new offer would value QCOM at $82/share, according to the Reuters report, up from the previous $70/share bid. However, the market has doubts on this acquisition to go through. Moreover, Morgan Stanley (MS -5.3%) issues a note that downgraded the semiconductor sector and says chip stocks are at risk from poor iPhone sales and rising inventory levels. However, ON Semiconductor (ON -4.4%) reported Q4 beats, upside guidance (Q1 Revenue $1.34-1.39B vs consensus $1.34B) this morning.

Winners

CHD +2.4% after reporting  Q4 EPS of $0.52 beats by $0.02. Revenue of $1.03B (+15.0% Y/Y) beats by $30M.

TRIP +3.7%; EL -0.1% --- flat today is already considered great performance.

Losers (too many...)

WFC -9.2% is punished by FED.

NVDA -8.5% dips, close to $200 support level. AMD -7.1%. This is maybe caused by the selloff in cryptocurrencies.

Big pharma gave up all the gains this year, along with the market, despite the great earnings from BMY (-4%) this morning. IBB -4.4%, and another -1% in AH. CELG -6.1%

Lululemon (LULU -1.5%) announces that CEO Laurent Potdevin has resigned from the company after falling short of the standards of conduct expected by all employees. Shares -3% in AH.

Earnings in AH

MTGE Investment (MTGE): Q4 EPS of $0.52 beats by $0.03. Book value $20.75 up from $20.61 three months earlier. Today's close of $16.40 is a 21% discount to Dec. 31 book. Shares +0.3%.

Cirrus Logic (CRUS): Q3 EPS of $1.59 misses by $0.19. Revenue of $482.74M (-7.7% Y/Y) misses by $46.63M. Shares -10.7% in AH.

Skyworks Solutions (SWKS): Q1 EPS of $2.00 beats by $0.09. Revenue of $1.05B (+14.8% Y/Y) in-line. Shares +1.5% in AH.

My Trades Today


  • Sold BIVV @ $104 (acquisition price is $105).
  • Sold 20% AAPL @ $163.6.
  • Added more CELG, it reached 10% in my portfolio as over-weight now, no more shares.

Earnings Tomorrow


  • pre-market: BP, EMR, GM, GPK
  • post-market: BZH, CMG, DIS, GILD, NTGR, PAYC, SNAP, ZEN




source: defeat market
更多资讯 ->
发新帖
战胜市场
主题数
-48
帖子数
0
注册排名
53