The market looks like it will open higher today. This morning, the governemnt released April durable goods orders fell a much larger than expected 4.8% vs. consensus of -0.5%, the first decline in many months. The thinking is traders think the FED may stop rate hiking soon. Another failed prediction like two hikes ago? Could this be another rally attempt failure like yesterday? I would not place any buys until the FED picture is cleared.
Upgrades This Morning:
(OPX)
(POWI)
(WTS)
Downgrades This Morning:
(GTN)
(JAMS)
(RMK)
Most Active Stocks:
(QQQQ), (SPY), (NVAX), (FMDAY), (PPHM), (IWM), (BCRX), (TRB), (GLD), (DYN)
Stocks are Up:
(VICL), (NVAX), (FMDAY), (BCRX), (GNBT), (CVM), (HEB), (PPHM), (AVII), (IDEV), (BOOM)
Stocks are Down:
(IAO), (TVIA), (TGB), (ESCL), (HMY), (DROOY), (AU), (FRO)
Tags: premarket, pre-market, stocks to watch
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