Scalper1 News
Major averages fell yesterday on mixed volume. Both the S&P 500 and DJIA now once again are trading under their respective 50-day moving averages. Volume is expected to surge in today’s last moments of trading, as the Russell indexes go through their annual routine of adding and removing stocks. Last year, volume was notably higher due to this rebalancing. Futures are flat to down this morning as China’s Shanghai Index plummeted -7.4% overnight while the EU has scheduled yet another meeting for Saturday to work out yet another propping up of Greece within the EU. Managed healthcare service provider CNC had a pocket pivot. Earnings and sales are robust, group rank 8. Outsourced IT and lifecycle software development company EPAM had a pocket pivot. Earnings and sales are strong, ROE 26.3%, group rank 37. Managed healthcare provider UNH had another pocket pivot. Earnings and sales are accelerating, group rank 8. Collision aversion camera-based driver assistance system for vehicles MBLY had a pocket pivot. While it had tough times in the past pricewise, it is nearing its old highs. Earnings are strong, pretax margin 41.1%, group rank 78. This Israel-based company is the leader in this area. Scalper1 News
Scalper1 News