The Moskowitz Report (PSX, BABA, AZO, AMZN, XONE, SBUX, JPM, WMT, COP, SINA, ORLY, NFLX, DDD, CMCSA, MPC, SHLD, XLE, BIDU, FB, IFF, KSS, BP, NLNK, AAPL, VJET, CHTR, BAC, JCP) - Stock Market Commentary For Friday, Jun 09, 2017
Today's market was dominated by the news from BABA (+16.70) that revenues were exploding. This took the other related stocks higher, but they couldn’t hold up. SINA from +2.50 to -4.14, BIDU from +3 to -1.77, and JD +3 to +.74. The other big story was JWN (went from +7.50 to +4.15) could be taken private by the Nordstrom family. One on the downside was NLNK, a smallish biotech that lost its partner and closed at $6.24 (-4.38). ENDP had an opioid pulled by the FDA and went from +1.38 to -1.83.
The internals improved on a barely changed day with the NYSE volume 1:1 and A/D 4:3 while NASDAQ was 2:1 on both measures. That didn’t help the auto aftermarket stocks which have been under pressure since last week with AAP -4.70, ORLY -4.72, and AZO -8.60. The big names were mixed but with some standouts; GOOGL +2.01, AMZN -.97, AAPL -.61, FB +1.48, NFLX -.01, NVDA +12.42, TSLA +10.60, BA +1.83, and IBM +1.12.
The 3-D printers winked back to life with VJET +.81 (16%), DDD+.48 and XONE +.27. Some old favorites saw a little weakness without headlines CHTR -8.43, CMCSA -1, SBUX -1.50, IFF (part of the original “nifty fifty”) -2.71, HUM -3.49, and SNAP -.76.
Financials caught a bid today with the Dodd / Frank rollback vote with GS +2.91, JPM +.37, BAC +.38. Retail got a boost from the JWN news but fell back with M -.05, KSS-.85, WMT -.22, SHLD-.12, JCP-.25 and the XRT -.12. Oil also tried several times but fell short also: CVX +.23, XOM -.29, APC-.54, OXY-1.23, COP-.44, BP-.60, PSX +.44, RIG-.20, MPC-.08, MRO-.10, HES- 1.31 and XLE -.16.
Tomorrow is another day...CAM
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