futures flat, oil little higher, gold down, dollars up, europe mildly higher
Higher
YUM +1.8%;beakless chickens, YOKU +22.4%;Chinese govt told BABA to assimilate them, WYNN -9.2%;mad as hell at crazy Chinese, MAT -2.4%, GE -1.5%, SLB -0.7%; oil sucks, AZN -1.9% FDA horseshit
TWTR popping because Steve Ballmer tweeted he bought some stock (this is some dumb shit)
Good earnings: HSC +2.1%;good guidance, WAL +1.3%, CMA +0.9%, STI +0.8%, HON +0.4% .
M&A news: SFXE +44.2% (CEO Robert F.X. Sillerman discloses a 39% active stake in 13D, suggests he’ll buy the whole damned thing for $3.25, thank you very much)
Revenge of the Oil Men: BP +0.6%, RDS.A +0.5%, TOT +0.5%, .
Random Shit: YGE +15.4% (mystery), PTCT +13.1% (psychotics trade biotech), DY +6.3% (mystery!), NBG +4.3% (another mystery!), ARQL +3.8% (clinical yadda yadda yadda), TTM +1.6% (momo), OXY +1.4% (Reuters spreading scandal about them getting out of N. Dakota, soap opera shit), AFMD +1.3% (momo), BABA +1.3% (Jack Ma is from the govt of China, NVO +1.3% (mystery), MBLY +1.3% (TSLA rumors), SHPG +0.9% (myserious mystery!), WBAI +0.7% (momo), VRX +0.7% (Ackman must be mad, tho), ESPR +0.5% (mom), GOLD +0.4% (Congo bullshit), BIIB +0.3% (CRAMER PUMP)
Analyst stuff: LULU +0.7% (upgraded to Cool Kids from Dorks at Credit Suisse), DECK +0.4% (initiated with Do it at Brean), FEYE +0.3% (initiated with a Now it’s a Buy at DA Davidson)
There were a bunch of other upgrades and downgrades, like BOX, but I didn’t feel like telling you today.
Lower
Shameful Earnings: WYNN -9.2%, EXAC -6.8%, MAT -2.4%, SYRG -1.9%, GE -1.5%, SLB -0.7%, AMD -0.5%
The WYNN Cancer Spreads: LVS -2.9%, MGM -2.9%, MPEL -2.5%.
Miners not so cool this morning: VALE -1.2% ,RIO -1%, ABX -1%, SLV -0.8%, GDX -0.7%, GLD -0.3%.
Random nonsense: ZFGN -28.6% (FDA put them on hold; asked them to stop murdering people), CRZO -5.4% (earnings;dilutive share offering), MYCC -4% (dilution), SAVE -3.8% (no one likes their earnings and all the analysts laughed at them), SLRC -3.7% (who cares, really?), RDUS -2.4% (pullback), AZN -1.9% (FDA stuff), JAH -0.7% (prices a juncket of shares at $49).
Analyst trash talk: NAV -4.2% (downgraded to HORSESHIT from Buy at Longbow)
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Generous use of the words bullshit & mystery. Sums it up well!
I really love these.
A while ago u wrote a piece on short squeeze plays. At the time herbal life was in the head lines. Ackman, ican were at war. I think I played that 3 times, as it dropped I bought, when it popped I sold. I’m only mentioning this because of ntfx. It reminded me of the herbal life trade So in part I have u to thank.
I’m not recommending ntfx, I sold all . It’s multiple is HUGE
This section is among your best work.