The US stock market is poised to have some gain this morning. The reasons for such are several folds: market reversed heavy lose yesterday, news from Greece on its loans, and gains from Europe. I believe the trend is still intact for the bulls until we see changes.
Up Stocks:
(SPU) - Chinese penny stock moving up without any news. I would avoid any Chinese related stocks, except the well-known big companies. Here is an interesting article from Bloomberg regarding Chinese stocks, http://www.bloomberg.com/news/2011-08-18/chinese-protest-5-billion-losses-tied-to-u-s-reverse-mergers.html
(AAPL) - iPhone5 is coming. iPads are taking market shares from rivals. Up on the down day yesterday.
(ARMH) - Riding on the success of iPhones and Android phones.
Down Stocks:
(MCP) - Downgrade from JPMorgan, cuts price from $105 to $66. WOW! Analyst surely knows how to downgrade.
(MLNX) - Issuing more stocks.
(NFLX) - Down again today. Too pricey contents and too much competitions. Here is one interesting article from Market place regarding its future.
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