$DKS, $WSM, & $CRM BLOW AWAY NUMBERS, RISE SHARPLY, Q2 GDP TOMORROW MORNING : Aug 25, 2021 6:02 PM

$DKS, $WSM, & $CRM BLOW AWAY NUMBERS, RISE SHARPLY, Q2 GDP TOMORROW MORNING : Aug 25, 2021 6:02 PM

evening everybody it’s 5 53 and this is your closing comment for wednesday august 25th and it is video number 911 so i always remind you please hit that subscribe and the like button and we’ll appreciate the support okay so today was really kind of an interesting day because we had a mixture of overnight news from last night’s earnings uh some of them followed through in a big way some of them follow through to the downside the big way so let’s start with both uh nordstrom jwm and urban outfitters both of which beat um but there are problems growth at nordstrom’s was not particularly what was expected and the nordstrom rack numbers were uh not as good as expected even though they beat you know when stocks go up 20 in a month or two months coming into the earnings very often that’s actually a problem so nordstrom closed the day 31.14 down 6.67 or 17.6 same issue with urban outfitters down 36.80 at 36.86 down 387 or nine and a half percent dick’s sporting goods was a runaway um it uh had closed in the 114 area up 2.60 cents and this morning it was trading 128 up 13 and change it actually finished right around that level uh 129.60 up 1521 or 13.3 percent uh then today we had earnings from salesforce box and williams sonoma willem sonoma was really outstanding the stock had closed regular trading at 170 74 up a dollar 18 and after the numbers came out it traded 199 up 30 dollars from the close the last on it is about 191 which is still up 21.44 or 13 and i don’t know what they are saying on the call but it must be good because a lot of the information that was put out was somewhat disappointing uh from the standpoint of inventories inventories up 12 while sales were up 30 that eventually catches up to you you don’t have enough inventory to sell but as i said up 13 box was a beat top and bottom it had closed 25.64 down 23 cents and had a range after the close of a low of 23.80 a high of 26.88 and the last there is 2504 that’s down 83 cents so 60 cents from after the market and the 23 cents it was down before salesforce great numbers also closed 260 85 up a dollar 19. now salesforce has actually been on the move to the upside in fact it was the only one of my work from anywhere sector stocks that was up for the week last week so it has moved up and now we know why the earnings were terrific uh stock as i said closed just under 261 traded up to 271 the last is 268 19 and that still is up 853 or 3.3 percent and a big disappointment today cassava symbol s-a-v-a this is a biotech and there’s some dispute about the data from their alzheimer’s [Music] testing you know phase two trial uh with the fda and the stock had closed one 1738 yesterday traded as low as 78.50 today with a high of 96.63 the last right now is 80 56 down 37 28 or 32 percent never like when that happens uh tomorrow we have the second look at q2 gdp and because tomorrow is thursday it’s claims day both initial and continuing also on the earnings front we have um jm smucker um abercrombie and fetch dollar tree dollar general safm which is sanderson farms i don’t know how uh sanderson farms could have anything meaningful to say since the company is being bought so i don’t think earnings will be an issue after the close we have uh gap stores dell hp peloton and another work from anywhere workday so that’s for tomorrow the markets today were up the dow up 39 so nothing overwhelming a tenth of a percent uh the nasdaq calmed down a bit up 22.06 um 1.15 s p up 996 or 0.22 the russell up 8.36 0.37 and the big winner today was um the transports up seven tenths of a percent at 102 57 gain uh the chart on the screen is the oil which had another higher high or low and it closed just above the 20-day moving average and as you can see that five-day has definitely turned up and with even just some sideways action it’s gonna go through the 20 days sometime in the next three or four days if it continues like this but it’s right into that resistance that i’ve been pointing out and we’ll see how that acts uh always a problem for me i really liked the uh net gas was looking for a pullback unfortunately the pullback happened overnight got all the way down here to uh let’s see 388 i believe one second uh 387.70 and then uh this morning popped all the way back up to 402. it did come back to close up only nine tenths of one cent and pretty close to the low so maybe we’ll get another shot i tried to buy the ung calls today and canceled the order because um if it reversed back to where i was looking for which is down here around uh 385 at that point um i didn’t really think i wanted them uh okay we had the gold down 17 and a half i told you this morning about this and yesterday and the day before that we were getting into this area of a problem around 1805 we ran right up into that 200-day moving average 1812 and change and uh today lower high lower low down 17 and a half dollars right back into the support down here and now we’ll have to see on a weekly basis since tomorrow’s already uh thursday if we can close above 1778 i would call that constructive uh considering that on monday we were up 22 so we’re still actually up on the week um i’d like to see some sideways action uh bitcoin was higher by about 500 and the dollar was down 7 cents 92 83 down 0.07 and the bonds were down about one and an eighth on the day all right folks that’s all i have for you tonight i’ll be back first thing in the morning have a good evening and don’t forget this
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$DKS, $WSM, & $CRM BLOW AWAY NUMBERS, RISE SHARPLY, Q2 GDP TOMORROW MORNING : Aug 25, 2021 6:02 PM

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