The market looks like it will open solidly higher today. The job data came out at 8:30am EST this morning, the main focal point of the data is the hourly earnings grew slightly less than expected 0.2%, versus the 0.3% expected. Also the unemployment rate was 4.7%, slightly below the 4.8% consensus estimate. Non-farm payrolls were up a more than expected 211,000 (estimate 190,000), but the February data was revised downward by 18,000 to 225,000. In line with expectations, the average workweek was 33.8 hours. Overall the data is great for stocks. I expect more upsides are coming for the bulls.
Upgrades This Morning:
(CVS)
(VIP)
(BBBY)
Downgrades This Morning:
(ENTU)
(PSUN)
(SAP)
Most Active Stocks:
(SPY), (QQQQ), (BRCD), (RIMM), (TMTA), (MEDX), (AAPL), (KRY), (IWM), (BP)
Stocks are Up:
(OLAB), (WEBM), (TMTA), (IIP), (AMRN), (TOPT), (BP), (GOOG), (SBUX)
Stocks are Down:
(SFNT), (EXTR), (RIMM), (NVAX), (MEDX), (GNBT)
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