My dog attempted to savagely attack another fellow house pet this morning. It’s awfully embarrassing, especially at 8am. The woman walking the fluffy little thing looked absolutely mortified, gazing into the teeth of my wild coyote. I’ll have you know, my new gym routine is going swimmingly, as I am partaking in all sorts of exercises and tracking each and every thing I eat via an app. My goal is for a 600 cal deficit per day, shred body fat down to ~12%, then bulk up to ~17%, then cut again down to 12%. This might sound retarded to some of you fat fucks, but it is the only way to build mass without having a fuckload of fat underneath it.
Futures are +100 and oil is screaming higher. I am prepared to have my balls boxed off in my DRIP today. I wanted to short oil because it just seemed too fucking obvious that it’d go higher. Normally the right thing to do is fade the herd, make a pile of cash, repeat. And this trade might still work out in the end. But for now, it’s elevator down.
Walmart is taking a majority stake in India’s Flipkart for $16b. That deal seems very risky to me. What the fuck does Walmart thinks it’s doing?
One small thing to keep track of in the corner of your eye are Greek bonds, up 8bps today to 4.23%. Their 10yr has been weak for a about a week and we all know how Greece likes to scare Europe into crisis every 3 years or so.
Here are other movers this morning.
Gapping up
In reaction to strong earnings/guidance:
- DCIX +46.3%, ALEX +20.7%, TRIP +19.6%, ZAGG +18.3%, CDEV +11.3%, AAXN +11.3%, TTOO +9.8%, PLUG +8.2%, ADT +7.9%, ICHR +7.8%, ODP +7.6%, VDSI +7.2%, DRYS +6.6%, OPK +6.5%, COTY+6.3%, PEN +6%, INSY +5.5%, MTCH +5.5%, PUMP +5.3%, DIOD +5.3%, SSTI +5.1%, GPOR +5%, NEWR +5%, TWLO +4.8%, AMBC +4.6%, SMI +4.5%, ESIO +4.2%, QDEL +3.8%, MXWL +3.3%, LC +3.2%, GDDY +3.1%, BUD +3.1%, SUPN +3%, OXY +2.9%, OSG +2.8%, EA +2.7%, LBTYA +2.6%, TM +2.2%, KRNT +2.1%, EPAM +2%, PRTY +2%, RGNX +1.9%, EPE +1.8%, GLOW +1.4%, DLPH +1.1%, .
M&A news:
- LBTYA +2.6% (Liberty Global to divest operations in Germany, Hungary, Romania and the Czech Republic to Vodafone); VOD +1.3%
- FOXA +2.2% (reaches agreement with Tribune Media Company and Sinclair Broadcast Group to acquire seven Sinclair Broadcast Group stations for $910 mln)
Other news:
- HCC +5% (prices 8 mln common stock offering by existing stockholders)
- PTN +5% (presents on its PL-8177 and PL-8331 melanocortin-1 receptor agonist programs)
- CDNA +2.4% (CareDx discloses entry into License and Commercialization Agreement with Illumina)
- EXPE +1% (following TRIP results)
- PPL +0.7% (prices 55 mln shares of common stock at $27.00 per share)
Analyst comments:
- IPI +2.5% (upgraded to Overweight from Equal-Weight at Stephens)
- FLR +2.3% (upgraded to Buy from Underperform at BofA/Merrill)
- CLF +1.3% (initiated with a Buy at Seaport Global Securities)
- HII +1% (upgraded to Buy from Neutral at Citigroup)
- AQUA +0.9% (upgraded to Buy from Hold at Stifel)
- NTR +0.9% (upgraded to Outperform from Mkt Perform at Raymond James)
Gapping down
In reaction to disappointing earnings/guidance:
- EXTR -26%, CSTE -18.7%, VSLR -12.5%, MB -12.3%, INOV -10.3%, OCUL -9.4%, KRO -9%, AAOI -8.9%, MNST -8.3%, CSPI -8.3%, CUTR -7.3%, MXL -6%, PLNT -5.3%, KGC -5.3%, PZZA -4.6%, EVC-4.5%, HPR -4.3%, HZNP -4.3%, BW -3.8%, CLSD -3.8%, CEVA -3.6%, WEN -3.5%, REI -3.3%, WB -3.3%, FLXN -2.9%, RGR -2.9%, CHUY -2.8%, ARNA -2.8%, ETSY -2.6%, OSTK -2.4%, VGR -2.3%, FOSL -2.2%, (after spiking higher in late trade following the early release of its earnings), PAA -2.2%, RDNT -2.2%, GNK -2.1%, SINA -2.1%, SPWR -2%, ARGX -2%, ING -1.9%, IDRA -1.9%, DVAX-1.5%, NPTN -1.5%, VERI -1.3%, CISN -1.2%, HCKT -1.1%, OPHT -1.1%, DIS -1%, MYL -1%, PTIE -1%
Other news:
- VIRT -5.2% (commences 15 mln common stock offering by selling stockholders)
- WMT -4.5% (confirms agreement to become the largest shareholder in Flipkart Group)
- FHB -2.3% (prices secondary offering of 15.3 mln shares of common stock at $27.75 per share)
- AXGN -2% (prices 3 mln (upsized from 2 mln) common stock offering at $41.00/share)
- UAL -1.1% (reports April traffic; RPMs +5.1%, ASMs +6.1%, load factor -0.9 pts to 82.3%), .
Analyst comments:
- AVGO -1.4% (downgraded to Neutral from Buy at Nomura)
- CROX -1% (downgraded to Hold from Buy at Stifel)
- LXP -0.6% (downgraded to Sell from Hold at Stifel)
My Fitness Pal app?
My plate.
Do you keep the coyote on a leash? I don’t have firm voice control over my dog but I let him off leash anyway. I know that makes me a less than responsible dog owner but I also know his temperament well and actually watch what he’s doing and pay attention to our surroundings- which is half the battle. Anyway, people who own dogs should know that sometimes other dogs go Cujo on other dogs. It happens. Nobody was hurt and so that stuck up bitch needs to get in with her day.
Yes, tight leash
Although maybe that’s easy for me to say because despite the fact that my dog is 85 lbs of pure muscle he really is one of the nicest, most gentle dogs you will ever meet