As expected, the market looks like it will open higher today following the announcement of the employment number this morning. Non-farm payrolls rose a less than expected 75K vs. estimate of 170K. The April read was revised down to 126K from 138K. Hourly earnings rose 0.1%, slightly below economists' forecast of 0.3%. Traders are expecting the FED to pause for the June meeting.
We had a good rally yesterday. Athough the volume was not as great as the down days, but it was higher than the previous day. It is another accumulation day for the traders. With today's momentum, hopefully the volume will pick up and a good BAM! Then we can declare the day trend is over for the near term.
Upgrades This Morning:
(VLTR)
(HBG)
(VLCM)
Downgrades This Morning:
(IBM)
(PSUN)
(VLCM)
Most Active Stocks:
(QQQQ), (SPY), (ENCY), (IWM), (CIEN), (GLD), (MSFT), (GTCB), (NOK), (CCOI)
Stocks are Up:
(GTCB), (ENCY), (THLD), (PRZ), (IOTN), (BOOM), (SEAC), (EGY), (CTIC), (UTIW), (CUP)
Stocks are Down:
(BBOX), (WIND), (RMTI), (LQDT), (PORK), (SFCC), (CCOI), (ESCL), (AAUK), (PWAV)
Tags: premarket, pre-market, stocks to watch
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