Major averages fell yesterday on mixed volume. The S&P 500 is back under its 50-day moving average and has had a number of distribution days in the past couple of weeks. Nevertheless, futures are up sharply this morning and the number of names for the watch and/or actionable list continues to grow:
Heart pump medical device maker Abiomed (ABMD) had a buyable gap up on a strong earnings report. Earnings are soaring, sales are accelerating, group rank 19. This is the fourth strong earnings report in a row that resulted in a gap higher at the open.
Pharmaceutical maker Regeneron Pharmaceuticals (REGN) had a buyable gap up after a strong earnings report. It is currently midbar to its trading range. Sales are soaring, pretax margin 41.7%, ROE 52.3%, group rank 3.
Pharmaceutical drug maker Cambrex Corp. (CBM) had a pocket pivot once again just a couple days after its prior pocket pivot on a strong earnings report. Earnings are skyrocketing, institutional sponsorship has grown over the last 4 quarters, group rank 20.
Pharmacy benefit management services company Diplomat Pharmacy (DPLO) had a pocket pivot on a strong earnings report. Earnings are soaring, sales are accelerating, institutional sponsorship has grown over the last 3 quarters since the company went public, group rank 16.
Quartz surface manufacturer Caesarstone Sdot-yam Ltd. (CSTE) had a pocket pivot. ROE 28.1%, institutional sponsorship has grown over the last 5 quarters, group rank 13. CSTE reports earnings tomorrow before the open.
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