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Updated from 12:06 p.m. EST
As the major indices pulled back from technically overbought conditions, negative earnings forecasts from Wal-Mart(WMT Quote) and Intel(INTC Quote) and weak same-store-sales data from various retailers fueled the basis downward this week.
That said, there are still plenty of opportunities for nimble traders in this week's Rocket Stocks portfolio (including Linear Technology (LLTC Quote)).
Fortunately, last week's Rocket Stocks portfolio was a massive outperformance for readers as our two long ideas, Family Dollar(FDO Quote) and Robbins & Myers(RBN Quote), surprised to the upside, and our short idea, Acuity Brands(AYI Quote), lowered guidance and reported weak sales. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
|
|
DOWN
10.88
|
UP
1.25
|
UP
5.86
|
DOWN
0.07
|
10 Yr
3.60%
SPDR Gold
111.59
|
|
-0.10%
|
+0.11%
|
+0.27%
|
-0.19%
|
Data delayed 20 minutes |
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