Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Your email will always remain private.

MLR - PMP 6/3/14

Major averages finished mixed on lower volume though managed to reverse earlier losses. Major central banks have showed no signs of easing their money printing binge, and Fed Chair Yellen continues to reiterate that rates will be kept unusually low for a prolonged period. So with rates as low as they have been, bonds remain relatively unattractive compared to stocks which further helps stocks continue their aging bull run.

Drug development company Valeant Pharmaceuticals (VRX) had a potential pocket pivot on Friday but due to a variety of factors including its midbar close, we decided to wait and see before issuing a report. VRX behaved well today and is within buying range. Earnings and sales are robust, pretax margin 36.6%, ROE 46.2%, group rank 1.

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. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy