Market Lab Report - Premarket Pulse 5/12/15
China cut interest rates again for the third time in six months to boost its economy. This time, however, it did not boost the US markets which is another piece of evidence that US markets are becoming increasingly resistant to QE-favorable news.
Drug maker Actavis (ACT had a buyable gap-up after announcing a strong earnings report). 8 quarters of institutional sponsorship growth pre-tax margins 28.4%, and group rank 4. Keep in mind, however, that buying into strength in this market has not been an efficient or effective way to buy stocks given the uneven action in the general market.
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