The Moskowitz Report (VLO, BA, VRX, XRT, BAC, LULU, AMZN, XOM, GS, APC, TSLA, CVX, GOOGL, RH, NFLX, JPM, OXY, FB, XLE, AAPL, IBM) - Stock Market Commentary For Thursday, March 30, 2017
Today was a boring affair from start to finish. Internals finished pretty much the same as yesterday at 1.8:1 volume and 2:1 A/D with the major indices mixed. DJIA -42, NASDAQ +22, S&P 500 +2.55 and Russell +4.38. The oil was up over $1.00 and closed near its highs on the news that gas inventories were a drawdown instead of the expected build. Our position in XOM gained from the report and closed $82.08 + .28 and our calls (bought @ $.74) closed $1.05. APC was up $1.75, CVX + $1.03, VLO +.85 and OXY +.38. The XLE was up another $1.17 or 1.69%. Our position in VRX also improved with the stock gaining $ .75 and finally closing $11.17+.49 or 5%.
The big names were higher with GOOGL +10.37, AAPL +.32, AMZN +18.77, BA + .27, TSLA -.05, IBM - .66, NFLX +1.33, and FB +.89. The financials were slightly lower with JPM - .30, GS -1.23, and BAC -.12.
Retail made up some ground today with Restoration Hardware RH gaining $5.68 or 15.37% on an earnings beat and helping the XRT +.82 or almost 2%.
After the close LULU missed its lowered expectations and reported $1.00 vs. $1.01 but issued dramatically lowered guidance for the balance of the year and fell from $67 to $54 or roughly 20%.
Tomorrow is another day...CAM
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