The markets are rocketing higher on the backs of many earnings results from last night and this morning. Let's take a look at some of the winners and losers so far.
Biggest Percentage Earnings Winners
Philip Morris International
International Game Technology
Other Notable High-Beta Winners
Green Mountain Coffee Roasters
are all shooting higher.
are rising, along with many commodity-related names.
C.R. Bard, Inc.
are all not getting a lift from their results.
Bank of NY Mellon
( SNDA) and
are all being held down on negative analyst ratings moves.
: Bonds are getting sold here, as the equity markets explode higher.
: SRS, SKF, and DUG are the three plays that I mentioned traders should be monitoring. There was clearly no entry level or reason to play here yet.
What's the Trade?
There is no reason for traders to try and step in front of this speeding upside train by getting into any short positions. The AEM, X and BIDU short ideas I mentioned this morning did not allow for any solid entry points yet, so keep them on the watchlist only. If you are long some of today's winners, I would advise moving up your trailing stop to lock in even bigger gains.
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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.