Major averages rose on higher though below average volume, A number of leading stocks have outperformed and a number of new actionable names have been observed. The Chinese Shanghai stock market has also moved dramatically higher, more than 20% in the last 20 trading days, with its central bank favoring an accelerated pace of quantitative easing.
Pocket pivots in yesterday's action:
Drug maker Akorn (AKRX) - earnings and sales are skyrocketing, pretax margin 38.2%, ROE 44.1%, institutional sponsorship has grown 10 quarters in a row, group rank 3. Keep in mind this stock has a number of gaps in its pattern so risk is elevated.
Drug maker Mallinckrodt (MNK) - earnings and sales are skyrocketing, institutional sponsorship has grown since the company came public or 7 quarters in a row, group rank 3.
Chinese internet retailer Vipshops (VIPS) - earnings and sales are skyrocketing, ROE 61.3%, institutional sponsorship has grown 8 quarters in a row, group rank 51.
Airline company JBLU - earnings are accelerating, group rank 12. Airlines have benefited from the low cost of oil.
Construction products company Trex Co. (TREX) - earnings are accelerating, ROE 37.8%, group rank 15. We reported on this company March 30.
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