|Day Low/High||45.87 / 46.95|
|52 Wk Low/High||12.20 / 47.64|
We are seeing a focus on finding smaller names that may offer interesting valuations and stories.
This underperformance is being caused by pockets of weakness in bigger-cap names.
The key for the overall market now is that it hold above today's early lows.
There is no question that we are becoming extended and ripe for some profit taking.
Sector charts should shape up as worries about prices are finally put to rest.
Overall it is still a positive day but the action is sloppy.
Finding good setups in individual stocks is still challenging as there simply isn't a lot of strong momentum.
The challenge of this market is that the upward moves have not been well sustained.
- Arena's non-core, proprietary, preclinical compound provides strategic fit with Outpost Medicine's expertise in developing products for genitourinary disorders
Jim Cramer focuses on Walgreens Boots Alliance, Arena Pharmaceutical, Dominion Energy, Tower Semiconductor, Idexx, LexinFintech Holdings and more.
It's not all about the bond market, says Jim Cramer. The central issues here are trade, tariffs and most important, the stocks themselves, like Facebook and Amazon.
Investors in Arena Pharmaceuticals Inc saw new options become available today, for the June 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ARNA options chain for the new June 8th contracts and identified one put and one call contract of particular interest.
Rotational action is the main theme Wednesday and good opportunities are out there.
Investors in Arena Pharmaceuticals Inc saw new options begin trading today, for the May 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ARNA options chain for the new May 11th contracts and identified one put and one call contract of particular interest.
There's a worrisome scenario that could develop this afternoon.
- OASIS trial met primary and all secondary endpoints with statistical significance for patients receiving 2 mg dose of etrasimod for 12 weeks
- Data from Phase 1 study of APD371 in healthy volunteers demonstrate safety and tolerability
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