The market is trading lower in the afternoon. Like the previous days, it started higher, but it traded lower in the afternoon. It is not what we expected in the bull market. With the market down over 20% since the high of October for Nasdaq, it is clearly that we are in the bear market.
One clear winner for today is Amazon (AMZN). This is the one we should pick up when the bull returns. Why the stock is up because the company is buying back its debts and stocks worth over $1 billion. That is bullish for the stock, but unfortunately we are in the bear market, so I would not even consider buying now. Put that one in your watch list.
(CTSH) is another should be in your watch list as well, why? Because it had blowout earnings, and it is up in the bad market.
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