But hey, I don't see CNBC talking about this horrible guidance from a major global travel company, a proxy for slowing global growth.....
The markets are up 6 straight weeks without any break. This is not sustainable.....China is on the brink of a hard landing, which is much more significant a factor the Fed raising interest rates. Without a pullback, or even a retest near the previous lows, this market will not be able to sustain an advance. The futures will continue to fall overnight, and any buying on the dip should be met with selling. We're grossly overbought, it's time to take profits......(This is a synopsis of information from various media sources and technical traders.)
I hate the fact that I left $2 on the table and could have sold higher. But this purchase of the competitor validates ZSPH, and makes Morgan Stanley correct. It may be time to buy back in....or not....not sure yet.
CRUS is another Apple vendor....they reported a great quarter last week, and the stock went nowhere. For every QRVO there's an NXPI. The charts for QRVO and SWKS and others have some serious technical damage. I certainly could be wrong, but I'd be very surprised to see QRVO close over $52 tomorrow....In fact it's more likely that rallies from SWKS and QRVO are faded.....the street believes the Apple story is slowing, and Apple vendors will get squeezed as a result....We'll see...
Simply put, it looks like they lowered their sales guidance. Some may call it a warning. I think CEO's are rather ambitious, and try to say whatever they think the markets want to hear. Just because they announce a stock buyback, doesn't guarantee it will happen.
You have a really good point. I sold in AH tonight, and I'm thinking it may trade flat to lower tomorrow.
He's correct....all those things are issues, which is why the gap will probably be faded tomorrow morning. The slowdown in Apple I-6 phones is a big concern, as is China.
So instead of $1.11, it was $.03? Did anyone else see that?
I'm selling in after hours. Financial engineering with buybacks don't excite me at all. The guidance was lowered, and now they're new guidance for next quarter is below expectations. I think they'll fade this gap.
I guess that's the opposite of what the US government does....The government pumps up the present, at the expense of the future.....Also known as "kicking the can down the road."
I seriously doubt oil will soar based on a decrease in rigs...that narrative has played out, and has nothing to do with waning demand, over supply, and a generally bearish tone on oil. This entire oil rally has been a technical bounce and short covering.....There are way too many headwinds out there....That said, they're really pushing the envelope today on CLR, with this 8.5% move.
Their conference call just started. They're running this up ahead of the cc, and all the oil stocks are up today. I want to go short here, but I'm waiting to see where it peaks....My guess is we're getting close....The oil rally in general is not based on fundamentals, but rather on hedge funds and oil traders trying to make quick money at the weak short's expense. CLR is a very volatile stock.
I disagree...I hate FB...I have a FB page, but I don't use it....Why would I care that someone else in my family or a friend took their frickin cat to the Vet? I resent FB sending me e-mails every day telling me I have new "notifications"...As a business, FB is brilliant.....As a non user who hates the concept, I hope it goes away.
"Bull being on its last legs." If ever there was a time I hope you're correct after all these years of us trying to figure this out, it's now.