The Moskowitz Report (GILD, BP, IBB, NVDA, M, HCA, CVX, ACAD, AMZN, RL, INCY, PSX, MPC, AAPL, DDS, CELG, RIG, THC, XOM, JWN, GOOGL, WMT, ALXN, COP, BA, SHLD, ICPT, OXY, TSLA, REGN) - Stock Market Commentary For Thursday, June 29, 2017
Todays’ market was strong from the start and regained all of yesterday’s loss. The market internals were strong with both the NASDAQ and NYSE both showing volume of 4:1 up and A/D 3:1. The big names all regained their lost luster with GOOGL +13.79, AMZN +14.72, AAPL +2.12, FB +3, NFLX +2.72, NVDA +5.92, TSLA +9.33, and BA + 1.10.
Even retail was up as a group with M the only loser and down only .03. The rest were higher with JWN +.10, KSS +.48, WMT +.66, DDS +1.43, RL +.57 SHLD +.28 and XRT +.33
The Pharma, Biotech and assorted medical stocks were universally higher with HCA +.97, THC +.58, REGN +11.07, ALXN +3.70, BIIB +3.39, GILD +1.27, CELG+3.38, ICPT+.98, ACAD+.62, INCY+4.02, BMRN+ 3.00 and the IBB +5.99.
Oil was higher as a group when the market tried $43.90 early and held it and then with just middling supply and drawdown number it took off and ran to $44.90 and stayed there to close. Only OXY and COP were losers and then just by pennies. The rest were CVX+.21, XOM+.42 BP+.14, PSX+ 1.25, RIG+.22, MPC+.77, MRO+.08 HES+.88, and XLE +.35.
Tomorrow is another day...CAM
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