Walmart (WMT +0.3%) is raising its starting hourly wage from $9 to $11 and expanding its parental leave benefits besides one-time bonus. This is great news for the economy as staggered wage since the great recession will finally grow.
Crude -0.02% to $63.56. Gold +0.21% to $1,322.10. Treasuries fights back after Bloomberg cleared the rumor that China would stopped buying US Treasuries: 30-year +0.31%. 10-yr +0.07%. 5-yr +0.01%.
South Korea plans to ban cryptocurrency trading. Bitcoin stumbled.
Winners (too many to mention)
UNG +6.1%. UGAZ +12.8%.Costco (+2.1%) spikes after reports of Sam's Club closings (63 stores total)
MYL +5.2%, after GS raised PT from $46 to $52.
XRX +5%, in major deal talk with Fijifilm.
Airlines are unstoppable: AAL +4.9%, DAL +4.8%, UAL +4.6%, LUV +3%...
Department stores rock: M +2.7%, KSS +3.9%, JCP +2.9%, TGT +4.7%.
Losers
NTES -2.2%.REIT (IYR -0.3%) and Utilities (XLU -0.4%) still struggles even Bond Yields fall.
My Trades Today
Sold UNG, I lost my patience, taking a small profit and out.Bought NTES @ $328.6
Sold FRC for 8% profit, replaced with more shares of C (ER next Tuesday pre)
