Scalper1 News
Major averages baby-stepped higher yesterday on mixed volume. The S&P 500 and DJIA are inches away from all time-highs, but the number of distribution days is uncomfortably high while lower volumes on up days adds to the discomfort. Nevertheless, stocks continue to provide actionable buy points thus continue to offer profitable opportunities. Medical research company Illumina (ILMN) had a pocket pivot. Earnings are skyrocketing, pretax margin 28.6%, ROE 27.2%, group rank 25. Financial service provider to auto dealers Credit Acceptance Corp. (CACC) had a pocket pivot. Earnings and sales are accelerating, pretax margin 57.1%, ROE 37.4%, group rank 19. Scalper1 News
Scalper1 News