kaltbaum premarket
Futures are flattish.
Good article front cover of USA TODAY Money section about what has led markets this year…defense! I have listed for you in past weeks all the names in food,drugs,beverages,tobacco,utilities,telcom utilities, household products here for your review. Most have no growth with a few having very sloooow growth. F or the most part, they are still in gear…and wondering whether this can be a start of a longer term move as some are trading at single digit PEs…so there is a chance this is a decent “value player” move. Very tough to tell off first move…but if they continue to stairstep upwards, we will get a better idea.
Besides that, AMZN,HD,MLNX,ROST are on service. ROST upgraded today. HD reports tomorrow. I typically never like holding a stock when I am not up decently into earnings. This service is flat HD right here…
I am letting you know up front I own a smallish position in HD and will decide later in the day. Since it is a lower beta name, I think the service just goes ahead and sells it here. I have to be honest…not sure what I will do but usually err on the side of caution.
You have list of leaders…if any start moving out, I will let you know. Keep a close watch as many are sitting tight.