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MLR - PMP 4/24/15

Major averages rose yesterday on higher volume. The NASDAQ Composite had its third day of higher close above the 5000 resistance level. It stands a mere 1.48% below its all time high of 5,132. It's the last major index to hit new highs because it carried the most explosive upside back in late 1999/early 2000 just before the dot.com bubble burst. NASDAQ futures are up sharply this morning after big after-hours, post-earnings moves in Amazon.com (AMZN), Google (GOOGL), Microsoft (MSFT), and Starbucks (SBUX) last night while the S&P futures remain relatively flat.

Boding well for a continued uptrend, another slew of actionable names appeared further demonstrating healthy market internals:

Automotive parts retailer ORLY had a buyable gap up on a strong earnings report. Earnings are accelerating, ROE 39.1%, group rank 43.

Pocket pivots:

Cannabinoid maker GWPH - another pocket pivot. We reported on this stock on April 13 when it had a pocket pivot. It is the leading stock in its space.

Clothing retailer GIII - earnings are accelerating, group rank 31.

Clothing retailer HBI - earnings and sales are accelerating, ROE 44.1%, group rank 31.

Cosmetic beauty retailer ULTA - gapped up on its prior earnings report. Group rank 44.

IT management services company TYL had a pocket pivot after reporting earnings. There was a tug-o-war but the bulls seem to be winning. Pretax margin 23.6%, group rank 10.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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