Thursday, January 15, 2015

Thursday Jan 15 outlook

The SPY closed yesterday at 200.86 after hitting a low of 198.57. It's currently trading around 201.40 in the pre.

Here's what I'm watching with commentary from

Target Corp. TGT, +3.89%  said it’s exiting its money-losing Canada business, and the retailer also said now expects fourth-quarter comparable sales to rise 3%, ahead of its original guidance of a 2% rise.

TT Notes: News came out at 0815. Stock popped from 74.30 to a high of 80. It's currently trading around 77 on 3.2m shares traded. 
Blackberry Ltd. BBRY, -16.16%  shares fell 15% to $10.70 on very heavy volume after the company said it has not talked to Samsung Electronics Co. SSNLF, +13.64%  about being acquired. Shares of Blackberry shot up 30% to close the regular session at $12.60 on speculation of a deal.

Best Buy Co. BBY, -11.83%  said it didn’t expect the improvement in sales seen during the holiday period to extend into the new year.

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