From the floor of the CME group George Tkaczuk, Senior Portfolio Manager at RCM Wealth Advisors talks about sector rotation in the equity markets and a trade in Polaris (PII). There are still a number of volume build up selling days, but we also see positive results after earnings . Half of the S&P companies have reported so far with earnings up 6.5% and sales up 3.5%. There is healthy sector rotation as different sectors are outperforming. Healthcare and technology sector are the strongest performing so far, with China based stocks, retail, transports, computer and apparel stocks exceeding as well. Polaris came in last week with a big upside, with motorcycle sales growing 107%, taking away business from Harley. Earnings and sales growth has been strong for the past few years. Tkaczuk suggests buying PII between $144 and $151, and if it starts falling below $144, investors should not buy it.¿
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