Have you seen what the airline stocks have done lately? My guess is they start conserving cash. Today may have been the beginning of sell in May there was a ton of profit taking today even in energy with oil up 2%. Did you see today's GDP number? The world growth is anemic. The Fed said they saw slowing in the US yesterday. This market has been levitating on air and a weak dollar not earnings. After AA's earnings the shares have reversed and are up over $2 a nice chunk on Cramer's pump need I say anymore. Keep buying near a market top. Like I said here yesterday I've been cashing out stuff to raise cash. Maybe Musk will order from AA for Spacex.
Investors were expecting more than what GRPN delivered after much hype and a big move the past few months. One question ...Do you think the earnings were off the charts to move shares much higher?
slowly exiting....his tipped off hedge fund brothers will be watching their gains very closely the next few days and Monday starts May trading. A ton of profit taking today in the markets even in energy stocks despite oil up about 2% which bucks the trend lately. Happy trading and follow Cramer and buy buy buy....near a market top.
Nothing special on the CC my guess is we grind back toward $4 soon possibly that $3.80-.90 area it was in for awhile unless a buyout. I'll be watching for some entry point soon. Here is the last news story on my screen..."Company's Q1 revenue falls and loss widens as gross billings decline 5%"....That may be the reason why shares are declining in the AH.
They had better say something great on the CC for that type of move. What a lot of people here forget is where these shares have come from. This report was just OK not great.
Sure about raising guidance? This report was not a blockbuster it was good which probably explains why shares are basically flat in the AH. Remember where shares have come from and it may appear they will now trade with markets unless they get bought or they say something extraordinary on the CC.
OK didn't know that.....they guided revenue in line so shares trade around where they have been and with the market I would guess.
Not yet I replied to someone earlier I bet they do OK but shares stay about where they are for now. It appears that way so far need to hear the CC. Why a new CFO that needs to be addressed on the Call.
I agree with Dennis Leary today on the halftime show he said $83 to $93. When a stock like AAPL loses it's touch, innovation and growth potential the growth managers slowly leave over time. Also I truly believe in a sell in May this year.