Will be
closing today $ALXN (Alexion Pharmaceuticals, Inc) and $BIDU (Baidu Inc (ADR))
on Opinion Downgrade, replacing with $STZ (Constellation Brands, Inc.)
and $ALGN (Align
Technology, Inc.).
Yesterdays market was a decent oversold bounce, but
still indecisive. With the exception of the DJIA, all other major indexes
did not make it back up to the prior day’s highs. Stocks can bounce some more but
watch for signs of rip selling. The “patient” Fed worked to calm December’s Bears,
I am wondering what will turn this January pullback around. Perhaps Friday’s
jobs report will do the job. But the real driving force will be the earnings.
Expect the major markets to remain volatile until earnings season starts in
about a week.
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