Market Weekly: June 4 – 8 2018

Viewing 15 posts - 1 through 15 (of 36 total)
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  • #16870

    Join our weekly market thread on Traders Community…

    [article]842[/article]

    #16871
    TradersCom
    Keymaster

    A few changes – missing A3 – let me know if need different charts or other coverage 🙂

    #16876
    The
    Participant

    [quote=”TradersCom” post=6647]A few changes – missing A3 – let me know if need different charts or other coverage :)[/quote]

    Hopefully A3 is doing fine. If anyone has a way of contacting A3 tell him that I said “Hi”.

    TC in reply to your comment, to save you time, personally do not need “different charts or other coverage” since I do all my own fundamental and technical work. ;>)

    #16878
    MoneyNeverSleeps
    Participant

    Yes all the best for A3 – like the top and worse 5 for stocks – a good watch measure – one of my favs AMD up 3% premarket here

    #16882
    TradersCom
    Keymaster

    [quote=”Rattlesnake” post=6652][quote=”TradersCom” post=6647]A few changes – missing A3 – let me know if need different charts or other coverage :)[/quote]

    Hopefully A3 is doing fine. If anyone has a way of contacting A3 tell him that I said “Hi”.

    TC in reply to your comment, to save you time, personally do not need “different charts or other coverage” since I do all my own fundamental and technical work. ;>)[/quote]

    Thank you for the feedback and yes wise to do your own and share and appreciate the time aspect 🙂 I will let you know when I hear from A3 and will pass on your wishes.

    #16883
    The
    Participant

    [quote=”MoneyNeverSleeps” post=6654]Yes all the best for A3 – like the top and worse 5 for stocks – a good watch measure – one of my favs AMD up 3% premarket here[/quote]

    Good gain for you! Felt like I was doing decent until reading that, with my well over 3.5% gain of the 10% portfolio allocation of JPM taken last week when it fell to the lower $105 level.

    #16884
    Corporal
    Participant

    So glad you have stepped in, doing a good job.
    A3. :/

    #16885
    TradersCom
    Keymaster

    US April factor orders -0.8% vs -0.5% expected
    Prior +1.6% (revised to +1.7%)

    #16886
    TradersCom
    Keymaster

    Durable goods orders -1.6% vs -1.7% preliminary, Prior +2.6%
    Ex transport +0.9% vs +0.9% prelim
    Capital goods orders non-defense ex aircraft +0.9% vs +0.9% prelim
    Capital goods shipments non-defense ex aircraft +0.9% vs +0.8% prelim

    #16887
    TradersCom
    Keymaster

    ISM New York May business conditions 66.9 vs 64.3 prior, Prior was 64.3
    Main index 782.5 vs 779.3 prior

    Last one for the day – tradewars and Italy the focus now ..

    #16890
    TradersCom
    Keymaster

    CL_F – WTI Futures broke down to test 64.39 low to bounce back to 65.17 (back at 64.94) now see if this trendline test is fake or real – now $7 off recent high – lots of blood spilled. Holding SPX back but it over that 2742 we have been watching

    #16891
    Helmholtz Watson
    Participant

    Needs more work – seems back at 6472 – watch the hype go all tech with Apples WWDC coming up

    #16898

    [color=limegreen][b]SUPER GREEN — FEAR NOT 8)

    Dow Jones 24,813.69 +178.48 (0.72%)
    S&P 500 2,746.87 +12.25 (0.45%)
    Nasdaq 7,606.46 +52.13 (0.69%)
    Russell 2000 1,653.37 +5.39 (0.33%)
    NYSE COMP 12,673.91 +53.08 (0.42%)[/b][/color]

    #16899

    [color=limegreen][b]SUPER GREEN — FEAR NOT 8)

    Dow Jones 24,813.69 +178.48 (0.72%)
    S&P 500 2,746.87 +12.25 (0.45%)
    Nasdaq 7,606.46 +52.13 (0.69%)
    Russell 2000 1,653.37 +5.39 (0.33%)
    NYSE COMP 12,673.91 +53.08 (0.42%)[/b][/color]

    #16902
    ThePitBoss
    Participant

    Palo Alto $PANW third-quarter earnings

    Revenue rose 31% to $567 million, topping estimates of $546 million.
    Earnings rose 62% to 99 cents a share, topping expectations of 96 cents.
    Billings increased 32.5% to $721 million, topping views of $675 million.

    New CEO

    $PANW picked a Softbank and Google executive as its next chairman and chief executive late Friday. The company said CEO and Chairman Mark McLaughlin would be succeeded in both roles as of June 6 by Nikesh Arora. Arora was president and chief operating officer of Japanese conglomerate Softbank from 2014 to 2016.

    Palo Alto Transition Holds Risk
    “While any CEO transition holds risk, and seeing a strong leader like Mark McLaughlin leave is a loss to any organization, one would be hard pressed to write a better script for the transition. On his exit, Mark leaves no doubt as to the momentum Palo Alto Networks brings into the transition with 33% year-over-year billings growth at a nearly $3 billion annual run-rate in Q3,” said Keith Weiss, a Morgan Stanley analyst in a report.

    For the July quarter, the company said it expects profit of $1.16 a share vs. estimates of $1.21 a share. It forecast revenue of $630 million, topping estimates of $618 million.

    Market Summary > Palo Alto Networks Inc
    NYSE: PANW Pre-market 208.00 −0.090 (0.043%)

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