So far so good, as we start the third quarter. Let's see where the action is for traders.
are enjoying a pop from their results.
Analyst Upgrade Winners
C.H. Robinson Worldwide
are seeing the biggest pop from this morning's analyst calls.
: Select names are doing well, such as
trading higher so far today.
Procter & Gamble
getting a pop following General Mills earnings report.
High-Beta Small Cap
are all spiking higher.
: Stock is down 26% after company warns on revenue forecast.
: Stocks like
and other financial plays are not participating too much in this morning's euphoria.
are also non-factors.
: Stock may be a good short candidate if the market reverses gains from this morning. Stock is now down $5 as we speak.
is doing a good job holding this morning's gains, but
has seen the opposite occur with this morning's pop failing to hold and prices are now lower.
are also lower, but have seemed to hold the intraday lows pretty well so far. Fund managers are putting whatever cash they have on hand back into the momentum plays that we mentioned above.
We have the key monthly jobs data out tomorrow morning, so I wouldn't make too many aggressive bets today in front of that release. I would watch the transport plays and this morning's upgrades for any sign they may showing some weakness, as a cue to taking a small taste of FSLR on the short side.
We may start to see some extra volatility with traders beginning to head out to the exits a bit early in front of the 3-day holiday weekend.
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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.