- Walmart beat their earnings estimates and the stock price rose before the market opened and went straight down just under 84, up past 85, Below 84 to finish 84.50 approximtely. Home Depot didn't fair much better. Best Buy shares were up close to their all time high which was set yesterday and finished below 89/share.
- Boeing was a leader throughout the day. Everything dropped for a bottom at 2pm today. Alphabet (GOOGL) opened down, came up to 1090, down to a bottom at 2pm of 1075 and finished the day down around 3 dollars.
- Boeing might have been one of the few that came close to the morning high in the afternoon. If you were buying calls, hopefully you sold them by 11am because Puts were the only way to go for the rest of the day. I would expect similar market movement on Friday as it appears to be a theme for this past week.
- Macy's appears to be one of the few that the market loves as many other companies have beaten their earning estimates but still would go down once the market opens as there is something the market decides was not perfect.
Thursday, May 17, 2018
Thursday Market Movers
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