Major averages gapped up on Friday and then mildly pulled back on Fed Chief Janet Yellen's fedspeak that the Fed will more than likely have to raise interest rates before the end of the year as she believes growing signs of economic strength are evident. Unlike Thursday's gap-up, the market quickly recovered from the dip and held its gap, rallying higher throughout much of the day as issues in Greece seemed more likely to resolve with an agreement being reached as Sunday's deadline loomed. Volume, however, was lower.
That said, Sunday's talks did finally yield an agreement to prevent Greece from exiting the Eurozone, though it could send Greece further into recession, while Chinese markets rallied again overnight, sending the futures sharply higher this morning.
Finance payment network company Blackhawk Network Holdings (HAWK) had a pocket pivot on Friday. Earnings and sales are accelerating, ROE 33%, group rank 90.
Drug maker Regeneron PharmaceuticalsREGN had a pocket pivot on Friday. Earnings and sales are accelerating, pretax margin 41.7%, ROE 52.3%, group rank 3.
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