April 23, 2018

Oil gets crushes while market dips

Daily-Wrap

The Market: A small down day which could have looked worse if not for a late day rally off the lows.  Interesting to see the leaders to the downside were the Dow (DIA) and Russell 2000 (IWM).  We were looking for the market to close just off the lows and then gap down tomorrow for a short-term long opportunity but today’s end of day rally has changed that set-up. Overall we remain cautious on the broad market and believe the choppy trading of late will continue. Energy (XLE) led to the downside, again, as crude oil continues to slide reaching…

Early dip is bought, finishes flat

Daily-Wrap

The Market: Overall a quiet day in the markets following yesterday’s FOMC statement as an early dip in the S&P 500 found buyers and the index finished flat on the session while the NASDAQ (QQQ) led. The S&P 500 looks to need at least a short term pullback to regroup before any longer term move higher but we will be interested to watch that first pullback as we are from from believing the coast is all clear and that the market is off to new highs. In individual sections, Utilities (XLU) led finishing up 0.74% on the session followed by…

Analyst Comments

Upgrades - Downgrades image

Analyst comments for Monday (11/19/12)  See the Upgrades/Downgrades section for complete & cleaner list Upgrades Company    Symbol    Brokerage Firm    Upgraded to:    Price Target ($) CSC    CSC    Deutsche Bank    Buy    46 Randgold Resources    GOLD    RBC Capital     Outperform    N/A Enerplus Resources    ERF    RBC Capital     Outperform    18 Agnico-Eagle    AEM    RBC Capital    Outperform    69 PetSmart    PETM    Barclays    Overweight    75 Dean Foods    DF    Goldman Sachs    Buy    22 Agilent    A    Goldman Sachs    Buy    59 Bruker     BRKR    Goldman Sachs    Buy    19 Barclays    BCS    Goldman Sachs    Buy    N/A Flowers Foods    FLO    KeyBanc    Buy    25 Actuant    ATU    KeyBanc    Buy    N/A Provident    PFS    Sterne Agee    Buy    15…