The Moskowitz Report (PANW, IBM, WTW, GOOGL, AMBA, TSLA, AAPL, FB, AMZN) - Stock Market Commentary For Wednesday, March 01, 2017
I think that yesterday and today we were involved in the “let’s see what Trump has to say in his speech” market, and we just drifted. Fairly typical and not disturbing to me.
This afternoon we had another couple of earnings reports that drove those stocks hard in opposite directions. WTW had good numbers (and a 65% short interest) that took the stock from a close @ $14.39 up to $17.50, down to 13.39 and finally to the late close at $15.90. Two that were not so lucky were AMBA and PANW. Both missed and AMBA traded from $59 to 53.75 and back to 56 -3.78 while PANW was not so fortunate with a close of $151.90 a trade after hours to 130, back to 151 and ultimately to $121.60 -$30.30 or 20%.
The internals of today’s market were terrible with the NYSE numbers were solidly 2:1 down, while NASDAQ was worse at over 3:1 down. While the DJIA, S&P, and even the Transports were only slightly lower, the Russell was down $21.23 or over 1.51%.
Gold was soft and the bonds are lower tonight while the oil is slightly higher. The big names were mostly lower with GOOGL -4.74, AMZN -4.64, AAPL + .12, TSLA +4.15 (after a $45 slide), IBM +.25 and FB - .99. Financials were also mixed.
Tomorrow is another day...CAM
Contact Information or to Subscribe to The Moskowitz Report:
Cell: (617) 827-1296