The Moskowitz Report (GOOGL, COUP, RIG, SHLD, TBT, AMZN, PLAY, HL, M, HDS, BP, KSS, AAPL, FAST, XOM, WMT, SIG, NFLX, AMBA, HES, ANF, TSLA, AMIR, COP, DDS, NVDA, THO, OXY, JCP, BA, LITE, GLD) - Stock Market Commentary For Wednesday, Jun 07, 2017
Todays’ market was a bit soft right from the start, rallied back to even near 2:30 and then faded into the close. The moves were certainly not extreme and we closed less than .30% across the board. The internals looked like yesterday with the NYSE volume 1:1 and A/D 13:15 negative. NASDAQ was a little weaker with volume 5:5 and A/D 5:9 negative.
The big names were mixed to lower again with GOOGL -6, AMZN -6.52, AAPL +.61, NFLX unch, NVDA -.71, TSLA +5.68, BA -2.00, and IBM .02.
On the earnings side COUP-3.10, PLAY -2, HDS -7.24 (17%), FAST -2.55, AMBA -2.62, THO +9.57, AMIR +1.76 (buyout), LITE +5.05, MIK -1.65, CASY -9.88, GIII +3.03 and P -.73.
Oil again rallied after testing the lows and continued higher. The oil stocks were higher with CVX +.03, XOM +1.05, OXY +1.53, COP +.31, RIG +.02, BP -.03, HES+.79, and XLE +.77. Metals gained again and GLD +1.37, NUGT +4.88, SLV +.13, and HL +.19.
The retailer were lower again, influenced by an investor day at Macy’s -1.91 (8%), JWN -1.41, KSS -2.12, WMT –1.33, DDS -1.74, SHLD -.21, ANF -.70, JCP -.21, and XRT -.90.
Of our positions SIG +1.11, HL +.19, TBT added today.
Tomorrow is another day...CAM
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