Standout Stocks
Here are some stocks making notable moves today:
- VTIV - strong EPS sparks rally
- DXPE - 13% move to new highs
- GS - blowout EPS; stock hits new highs
- MFLX - climbing back near old highs
- ASEI - breaks above recent flag consolidation
- GOOG - finally a bottom?
- CMVT - gaps lower on earnings restatement
- LVS - secondary offering pressures stock
- FIC - big drop after news of competitive credit product
- STTX - Goldman downgrade hurts stock
Market Comments: The market has built on its early gains in a big way. The SPX is close to making a new high for the year. Bond yields are dropping today, down nearly 8 bps to 4.70%. This is really helping the market, despite the fact that oil is higher today.
I would like to see volume pick up for it to be a true follow-through day, so that is something to watch. I would also like to see the number of new highs begin to expand if this rally holds.
Nearly all sectors are participating, except for biotech. Homebuilders are still leading the way, but semis have rebounded quite a bit as well.
long GS, GOOG
posted by J. Kahn @ 11:29 AM
3 comments
3 Comments:
I would definitely add OSTK as a standout stock for the day
Great blog, I read the Rss feed twice everyday, very informative and clear cut.
Mathieu,
OSTK is def. a standout stock today and yesterday. I think it is a lot of short covering.
Where do you get your RSS feed?
thx,
Jordan
Since you're hosted on blogspot you have a feed generated for your site.
I just typed your website address on my aggregator (newsgator.com) and everytime you post I get the last post among other feeds from all of the websites I suscribe too.
I agree, OSTK could very well be up because of short covering. I am thinking of actually taking advantage of the high price to maybe short some (but eventually I'll most likely chicken out before placing my order).
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