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RE: TIB: Today I Bought (and Sold) - An Investors Journal #358 - US Banks, Steel, Gold Mining, Cybersecurity
The FireEye earnings release is becoming more prevalent as Companies are becoming more conservative with their outlook for the year. I feel it is due to the noise in the markets the last quarter rather than actual trends in certain industries as management tries to manage expectations of “under promise and over deliver.”
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Reinforced by the analysts revising their estimates too.
What is striking this season is how violent the swings are in response to good or bad news. FEYE dropped 12%. Chipotle (CMG) jumped 11%. Expect Expedia (EXPE) to show a big jump tomorrow in regular opening.