The market looks like it will open higher today from yesterday's up momentum strength. The price of oil has dropped slightly. So what was the driving force behind yesterday's strong bull move? I believe because the following reasons: tame inflation report from PPI, FED announced the end of interest hike cycles, strong corporate reports, and slow down in house starts which could translate into people pulling out of the housing market into stocks. After yesterday's close (TXN) and (YHOO) had good reports last night. This morning (PFE), (KO), (HON), (JPM), (UTX) and (GD) had good reports. Perhaps this has been the biggest source of follow-through buying so far for the market. But I still the price of oil can be the fear factor in the coming weeks. We shall see how this issue will be settled with the traders.
Upgrades This Morning:
(LFB)
(SMTC)
(ROH)
Downgrades This Morning:
(ADTN)
(RML)
(FLIR)
Most Active Stocks:
(YHOO), (SPY), (QQQQ), (NITE), (VTSS), (ABB), (ASML), (GLD), (MOT), (PFE)
Stocks are Up:
(MOVI), (NITE), (CCUR), (CYMI), (ARDI), (YHOO), (GOOG), (TXN), (QEE), (UTX)
Stocks are Down:
(VTSS), (MOT), (STX), (EAG), (FUEL), (AMKR), (ERICY)
Tags: premarket, pre-market, stocks to watch
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