|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||4.39 / 8.20|
Shares of Express were tanking in premarket trading after the apparel retailer posted worse-than-expected earnings.
We keep our Two rating but would consider taking profits if it rises above $8.50.
We used market volatility to add a new position this week and add take profits in another holding.
We used market volatility this week to close one position and add to two others.
It was a busy time of earnings reports for the model portfolio, as the market rose for the sixth straight week.
Second-quarter EPS and revenue beat was driven by sales of its HCV test and cost cutting.
OSUR has exceeded the consensus analyst EPS estimate for five straight quarters.
U.S. stocks reached a 5-week winning streak, but our model portfolio did not engage in any trades this week.
Stocks have gained for 4 consecutive weeks and remain overbought, as evidenced by our model portfolio’s 30% cash position.
With the market appearing overbought on a number of metrics, the model portfolio may favor booking profits.
2016 Second Quarter Earnings Conference Call Wednesday, August 3, 2016, 5:00 p.m. ET
Stocks rose for the week and June posted a better-than-expected jobs report, however, the model portfolio did not conduct any trades.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: ARKR, LNN, SAMG, TCO, TRS Downgrades: ITGR, NXPI, OSUR, VBFC Initiations: None Read on to get TheStreet Quant Ratings' detailed report:
Although stocks rebounded during the week post-Brexit selling, we increased our positions in 3 of our model portfolio holdings.
A terminated co-promotion sent shares lower, so we'll use this as a buying opportunity.
Investor Conference Call Scheduled Today at 8:30 a.m. Eastern Time
Trade-Ideas LLC identified OraSure Technologies (OSUR) as a weak on high relative volume candidate
Financials were among the hardest hit after the Brexit vote, prompting our model portfolio to add to our banking stocks.
With market weakness expected to continue to linger, our model portfolio considers it a potentially good time to buy.
We trimmed two positions in the model portfolio this week amid overall market strength.