The Moskowitz Report (CYBR, AAPL, RIG, AAP, JCP, BAC, INCY, NVDA, APC, TJX, CELG, TSLA, JPM, ORLY, BP, ANF, REGN, GS, BA, MRO, AZO, SHLD, VRTX, XLF, GOOGL, OXY, KSS, BIIB, C, FB, XLE, DDS, NFLX, COP) - Stock Market Commentary for Friday, July 14, 2017
Today's market was driven by the oil again as we held the lows overnight and while we sold off to 1 tick under $45 we came back and moved over $46. The Yellen testimony with the Senate produced nothing new. The stocks were mixed with CVX +.30, XOM+.06, APC+.63, OXY+.34, COP+.02, BP-.46, PSX- .63, RIG+.24, MPC+.08, MRO-.03, HES+.18, and XLE+.23.
Another sector that came back after getting routed last week had a bounce was the auto replacement parts with AZO+13.66, AAP+2.28, and ORLY+7.53.
Retail also came back to life with TJX +1.03 (earnings), M+.86, JWN+.72, KSS+1.78, WMT+1.11, DDS+3.56, RL+.63, SHLD+.55, ANF+.14, JCP+.34 and XRT+.90. It will take a couple of days before we find out if this is a “dead cat bounce” or the beginning of a real move. No matter what the sector, they don’t go up or down forever, and this one is subject to a short-covering rally after a long decline.
It’s hard to figure out why TSRO was down $10.34 on the day after being down $20 with all the news and buy recommendations of the past 3 or 4 days, but the IBB was +1.23 with BIIB+3.28, CELG+.91, ALXN+1.97, BMRN+1.49, VRTX-.52, INCY+.20 and REGN+8.05.
Earning on the financials start tomorrow. It seems that buy the time we cycle through all of the S&P500 names it’s time to start again. The group was higher today with GS+3.11, JPM+.86, BAC+.29, C+.10, and XLF+.19.
While the big names were mixed today with GOOGL+1.19, AMZN-7.04, AAPL+2.04, FB+.30, NFLX+.14, NVDA-1.61(breaking a 7 day run up), TSLA-5.92, BA-.21, and IBM-.07, they were higher this morning and gave back a bit.
BTW, my report looks at the relationship between these big names and some former “darlings” including CYBR, which just gave weaker than expected Q2 numbers is trading $42-8 or almost 16%. The report will be ready tonight or tomorrow so be sure to follow the instructions below to get it while it’s still timely.
I am working on a short report that you can receive by just Emailing the word REPORT in the subject line at:
Info@moneyinfo-llc.com. We do not sell any information to anyone and you will not receive any unsolicited mail from us. I think this report, centering on the FANG stocks and their relationship to the health of the overall market is a must read…
Tomorrow is another day...CAM
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