The markets are rocketing higher on the backs of many earnings results from last night and this morning. Let's take a look at some of the winners and losers so far.
Biggest Percentage Earnings Winners: EBay ( EBAY), VMware ( VMW), F5 Networks ( FFIV), Mosaic ( MOS), Tupperware ( TUP), Intuitive Surgical ( ISRG), Walter Energy ( WLT), Potash ( POT), Starwood Hotels ( HOT), Ford ( F), Philip Morris International ( PM), Hershey ( HSY), Ryder Systems ( R), International Game Technology ( IGT), 3M ( MMM), and Manpower ( MAN). Other Notable High-Beta Winners: Wynn Resorts ( WYNN), First Solar ( FSLR), Monsanto ( MON), KB Home ( KBH), FedEx ( FDX), Sears Holdings ( SHLD), Netflix ( NFLX), Priceline ( PCLN), Green Mountain Coffee Roasters ( GMCR) and Amazon ( AMZN) are all shooting higher. Commodity Plays: Gold ( GLD) and Oil ( USO) are rising, along with many commodity-related names.
Earnings Losers: McDonald's ( MCD), C.R. Bard, Inc. ( BCR), Qualcomm ( QCOM), Sandisk ( SNDK) and Safeway ( SWY) are all not getting a lift from their results. Analyst Downgrades: Boeing ( BA), Bank of NY Mellon ( BK), Shanda Interactive ( SNDA) and Changeyou.com ( CYOU) are all being held down on negative analyst ratings moves. Treasuries ( TLT): Bonds are getting sold here, as the equity markets explode higher. Ultrashorts: SRS, SKF, and DUG are the three plays that I mentioned traders should be monitoring. There was clearly no entry level or reason to play here yet.
What's the Trade?
There is no reason for traders to try and step in front of this speeding upside train by getting into any short positions. The AEM, X and BIDU short ideas I mentioned this morning did not allow for any solid entry points yet, so keep them on the watchlist only. If you are long some of today's winners, I would advise moving up your trailing stop to lock in even bigger gains. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.