Wednesday, February 7, 2018

Wednesday 7 Feb 18 Morning Notes

Earnings: Yesterday AMC: AKAM, APC, CMG, DIS, GILD, GNW, OLN, PXD, SNAP
Today BMO: CTSH, HAS, HUM, KORS

Other News: I survived the "volpocalypse" to see another trading day....; Steve Wynn to stepdown as CEO of WYNN; NQ mobile tanked y'day, finishing down -44% at 1.70, another MuddyWaters name;TRNC to sell LA Times and San Diego paper to some guy for $500m; LULU also moving on report that the CEO is out for similar reasons why the last CEO was booted
      
Follow Through Names to Watch:  
 
GAINERS:
AKAM: +5.7sd at 68

LOSERS:
OLN: -3.4sd at 34

FLAT:

Follow through watch:
Day before Y'day AMC: CRUS, NOV, NTR, OCLR, SWKS
Yesterday BMO: ABC, ADM, AGN, BP, CMI, EMR, GM, LITE, SPGI, TPR

Y'day Other News: The market got smoked yesterday with the S&P falling 4.2% and the Dow falling 4.6%. Then the volatility markets imploded or exploded depending on how you were trading them. This was truly something else. Lots of talk about lawsuits against Credit Suisse; however, if anyone actually took the time to read the prospectus one would quickly realize it will basically be impossible to win at trial as CS clearly states their ETNs are worth $0.

2 days ago AMC:
2 days ago BMO: BMY, HES, SYY

2 Day Old News: WFC getting knocked 8% this morning; BG and ADM pop in the pre mkt on report that ADM may make offer for BG, ADM reports AMC today; PRTA had news Friday after the close that its Chief Medical Officer was resigning, PRTA was called out by MuddyWaters last June, apparent vindication on MW part;

TT Track of the Day: Beck - Novocaine

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