The market decided to go up from the opening of the session this Thursday. Around 2:00 pm EST, Nasdaq is up about 8 points, S&P 500 is down about 4. Both the Nasdaq and NYSE opened were up and stayed up all day long. Let's hope the up trend will continue til the end the day. The advancers to decliners ratio is about 16 to 13 on Nasdaq and 18 to 14 on NYSE. The up to down volumes are 6 to 4 on both Nasdaq and NYSE. Volume looks to be lighter than the typical trading day. The bull is still waiting for some good news to come before going off the gate.
Stocks worth mentioning:
(ISRG), the medical robotic medical device company, a favorite of mine, is up $4 around 2:00 pm EST Thursday. No doubt, this is one of the stock market leaders, see this post. If you are my regular readers, you would have pick it up along the way when it was mentioned many times on this blog. I believe this one still has more upside to come. The da Vinci Surgical System maker is still in its infancy of early growth. Its growth will be at least double digit for the years to come.
(HUM), a health benefits company, is up about $6 today. It had two major news to contribute its up momentum today: strong membership growth and buying a rival. Let's look at the number for the membership, Humana is projecting enrollment in its Medicare plans will top 1.7 million by Jan. 1, compared with its 503,000 members on Sept. 30. That is almost 400% growth in a quarter. WOW! That is why stock is celebrating right now.
(HHGP), a professional staffing services company, on the other hand, is down $8. It is slashing its earning forecast big time. It is a stock to avoid. It is truely a tale of two stocks.
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