Market Overview

Premarket little bit down but almost flat
Huawei: Criminal Charge by US
AAPL, AMD, PFE Earning today
FOMC 2 days meeting starts today
Brexit Vote
BTC Down Again: This was expected and shared my thought last week.
Potential Buying opportunity for HVBTF today or tomorrow.

Watch

V
TWTR
BRK.B
GOOG

I am looking for the entry for V

V: bought at 136.43 premarket.

Flags from Monday

B-PFE: ER today so Flag is not valid.
R-COST Down by 0.08%
R2-CGC Up by 0.45%
ST-TSLA Short Up by 0.55%

CGC Sold at 50.3

Note

PFE: Consensus Expects $0.64 and $13.95B
Just released the Top-Line Results from Second Phase 3 Study of Tanezumab
Don't know what that means but it said result was very positive but the market reaction is negative at the moment.Currently down by 2.45%.

Simple Summary for PFE ER Result

Top line for Q4 - Beat
Bottom line for Q4 - Adjust base meet at 0.64
2019 Guidance slightly lower than expectation.
Overall not impressive.

However they plan to spend another $9B for share buyback.
With current Industry PE average around x24, FWD PE for PFE is only x14 on the lower side and x13.6 for the higher side at $40.
If use industrial average at x24, PFE should be Min. $67.
At x20, it should be $56.

I think PFE's current stock price is under valued despite of today's' Report.

PFE: I added more at 38.15