|Day Low/High||20.89 / 23.00|
|52 Wk Low/High||2.44 / 37.70|
The market has wanted to sell-off for a while and finally it is doing it.
For a long time now one of the most consistent patterns in the market has been buying dips created by negative headlines.
The real reason the stock may be popping after the CEO news.
Market players simply are not willing to chase solid news like this right now.
The stock's earnings beat and low P/E aren't good enough.
There still isn't much leadership or strong momentum but the majority of the market is performing well.
I don't expect to see GOOGL pullback too much as it will be a 'go to' name for institutions that need to put big money to work fast.
The action started a little slowly this morning but market players shook off early jitters and are doing a nice job of building on yesterday's momentum.
The trade war worries that weighed on the market yesterday were totally forgotten today.
Some of the major banks report in the morning and it will be interesting to see how they address this issue.
Regulatory News: Leading global satellite operators Intelsat S.A.
Leading global satellite operators Intelsat S.A.
We are not seeing much in the way of typical holiday speculative action.
Everyone is a buyer of pullbacks when the market is going up but not so much when it's going down.
Sentiment is very positive, regardless of what the indices may say.
Intelsat (NYSE: I), operator of the world's first Globalized Network and leader in integrated satellite communications, will partner with Globo, one of the largest broadcasters in Latin America, to demonstrate live 8K video transmissions in Brazil for the...
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