I would look to continue riding UBER on the long side with no interest in a short position.
Let's take a fresh look at the stock's activity.
MSFT is not one of my names that has just kept on hitting target prices, thus forcing decisions. The stock is getting close though.
MS has set the bar for financial names reporting Q4 results.
There are gains on real news like Morgan Stanley's, and the other rotten-tomato variety. I don't want recommendations based on intellectual vacations.
It quickly becomes apparent that across the board, this firm is executing at a high level.
Digging into the data, the numbers do appear to be quite the mess.
Earnings reports are solid but this overbought market is looking for a good reason to consolidate a big move.
This is one of those days when there's so much good news that it's overwhelming, and we see moves that we didn't think were possible.
Here's why I shorted a few on JPM and my take on the eye-popping earnings.