Market Lab Report - Premarket Pulse 9/16/15
CME FedWatch now puts the odds of a rate hike at 25% in September and 41% in October.
Meanwhile, a number of pocket pivots surfaced:
Medical device maker Abiomed (ABMD) had a pocket pivot. Earnings are skyrocketing and sales are strongly accelerating, group rank 14. ABMD gapped up on its prior earnings report.
Building materials manufacturer U.S. Gypsum (USG) had a pocket pivot off its 50-day moving averagedxc. Earnings are robust, ROE 29.9%, group rank 6. USG gapped up on its prior earnings report.
Breakfast cereal manufacturer Post Holdings (POST) had a pocket pivot, and is one of the very few stocks showing the ability to buck the major market's action. Earnings have turned around, sales are soaring, institutional sponsorship has grown over the last 7 quarters. group rank 19. POST gapped higher on its recent earnings report.
Cloud-based human capital management software maker Paycom (PAYC) had a pocket pivot. Earnings and sales are robust, ROE 24.1%, group rank 42. PAYC gapped higher on its recent earnings report.
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