Scalper1 News
Major averages rose slightly on mixed volume managing to finish higher after a weak start. Leading stocks continue to lag overall so with the rally attempt still looking questionable, the sidelines as far as timing ETFs is the place to be. Futures are down about -0.5% at the time of this writing after a very weak earnings report from Caterpillar (CAT) and a weak Durable Goods number that lend credence to the idea that the U.S. cannot avoid the tide of a weakening global economy. Online food take-out company GrubHub (GRUB) had a pocket pivot as it rounds out its pattern off its 50-day moving average. Earnings and sales are soaring. GRUB’s network covers more than 30,000 restaurants across 800+ cities and 4.6 million active diners. GRUB seeks to defragment the food take-out industry which has been one of the most highly fragmented, off-line verticals. Scalper1 News
Scalper1 News