WEEKEND MARKET NOTES
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WEEKEND MARKET NOTES

We continue to believe this remains a very split tape…regardless that some major indices are in new high ground. Bounces aside…and to be clear, all these areas are deeply oversold…we continue to avoid: Gold/silver, real estate, utilities, beverages, food, household products, tobacco,emerging markets, apparel, medical supplies,medical equipment, pharma, solar, big telecom, big cap tech/internet (Facebook,…

Monday’s Pre-Market Look: Stocks In The News Before The Open

Monday’s Pre-Market Look: Stocks In The News Before The Open

Chesapeake Energy (CHK) and Murphy Oil (MUR) are both up over 4% in pre-market trading as crude oil prices jumped to a 2-1/2 week high in overnight trade. Time Warner (TWX) was upgraded to ‘Outperform’ from ‘Market Perform’ at FBR Capital Markets with a price target of $104. U.S. Steel (X) was downgraded to ‘Neutral’…