Wall Street Strategies
Hello! Sign in or Register

Take a Free Trial
Try Charles' premium stock selection services free for 7 days. Check it out in real time!
You will get actionable advice, trading ideas and email alerts.

Afternoon Note

Calm After The Game
By Charles Payne, CEO & Principal Analyst
2/6/2017 2:13 PM

The session has been anticlimactic, as one might imagine after such a remarkable session on Friday and last night’s barnburner of a football game.  The fact is that the Monday after jobs reports are typically lackluster as investors try to regroup and markets grapple for outside impetus.

There is some resolve, it is clear. However, the buy-on-dips crowd not going to make its move with such a fractional pullback.  Every sector is lower, with the safe-haven of utilities unchanged for the session.   There are reports that Wall Street is trying to talk down the market but whenever Goldman Sachs publicly doubts the rally it gives me great confidence.

Nonetheless, we took profits on Disney as it was too big to risk when the company reports its results later this week.  We will be holding onto that cash for the moment.


Add a Comment!

Submitted comments are subject to moderation before posting.

Differential Research

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Updated Privacy Policy | Terms of Use |
All Rights Reserved.