Market Lab Report - Premarket Pulse 5/22/15
The markets shrugged off Thursday's economic reports which mostly came in weak. This was likely a sign of renewed faith that rate hikes would be further postponed allowing a continuation of QE to prop the markets.
Television station operator Gray Television (GTN) had a pocket pivot breakout. Keep in mind breakouts typically have not been working thus buying a stock on constructive weakness after a pocket pivot is often prudent. ROE 24.6%, earnings and sales are accelerating, group rank 38.
Customer relationship management software provider Salesforce.com (CRM) had a buyable gap up on a strong earnings report. Earnings have been accelerating overall, group rank 32.
Pharmaceutical maker Supernus Pharmaceuticals (SUPN) had a pocket pivot. Earnings have turned positive last couple of quarters and sales are skyrocketing, group rank 2. Keep in mind this is a small cap biotech thus risks are elevated.
NXP Semiconductor (NXPI) had a pocket pivot off its 50dma. Pretax margin 22.7%, ROE 128.7%, group rank 10. NXPI gapped up in early March adding strength to its pattern.
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