03May3:45 pmEST
Ready for the Haters' Ball
With the lineup of earnings tonight, I am reminded of the old Dave Chappelle show skit, The Playa Haters' Ball.
Indeed, Facebook, Tesla Motors, even Fitbit and Square (Read: Jack from TWTR), are some of the more "hated" stocks/firms/CEOs in the market, be it out of jealousy, disbelief of the success of the likes of FB TSLA, or mere disdain for the personality or nature of the given business model.
Valid or not, these hated stocks will be put to the test tonight, and they may very well continue to frustrate the haters as FB SQ TSLA are all in strong uptrends. FIT has been a clear winner for bears on the firm and stock, but given the spikes we just saw out of FEYE and TWTR after earnings, I would not be a comfortable short even in that name, either.
More on the broad market in my recap after the bell.
Skyworks Going for a Birdie ... Stock Market Recap 05/03/17 ...