The market continues its correction mode with up-and down on Thursday. Around 2:00 pm, Nasdaq is down about 5 points, S&P 500 is down about 1. Both the Nasdaq and NYSE opened were up in earlier going, and decided to go down in the afternoon. The advancers to decliners ratio is about 17 to 13 on both Nasdaq and NYSE. The up to down volumes are even on both Nasdaq and NYSE. Volume looks to be lower than the typical trading day. We are still in the correction mode.
Stocks worth mentioning are (more stock ideas from my private alert list):
(HURC), up another $2.5 after yesterday's $4 advance. It is in the machine tool business. A truely highflyer for the past couple sessions.
(PZZA), the famous Papa John's International, declared a 2-for-1 stock split and bullish guidance for the coming quarter. This stock has been on a tear as of late. It broke another 52-week high.
(HITK), the manufacturer and marketer of prescription, over-the-counter, and nutritional products, announced good earning this morning. It beat the consenses estimate. This stock has been building its base recently until today. I expect higher high for this one for days to come.
(SCMR), a small price stock is making a massive up volume move today. This one definitely worth a look if you interested in cheap price stocks.
No comments:
Post a Comment