The market is fairly quiet today and this sometimes tends to favor those long the market. The short side tends to get aggressive and often times can be the trigger for what becomes a "short squeeze" in which markets shoot higher. Let's see what is sticking out so far today.
are looking pretty good so far.
are benefiting from the CSX results.
are leading a second-day-in-a-row rally.
looking good so far.
: Two momentum favorites are higher,
Oil/Nat Gas Upgrades
are two names that were upgraded this morning and who may lead here as traders await an over-due energy rally. Look to these names if oil prices can stop going down for a day.
are rising nicely on the heels of Wall Street upgrades.
are down on weaker outlooks.
will need to make a stand soon or things will really get ugly.
: Hitting new 52-week lows on downgrade from Bank of America/Merrill Lynch to a neutral.
As I mentioned earlier, a quiet market can sometimes favor the long side. We are going to be getting some more results after hours to key on,
. I will be especially keying on Yum Brands, especially after
recently disappointed investors. The ultrashort plays are not looking enticing yet. Maintain some patience here, and there will be some good set-ups taking place. It always happens.
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At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.
Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.