2 Stocks To Trade, And What's Next For The Market
By The Oxen Group: Market Recap: The market turned things around on Wednesday on the back of Apple (AAPL) earnings. Wow! Apple sold 35M iPhones in Q1 ... 35M. That's a lot of phones! The stock rocketed back after faltering into earnings, and it led the tech industry, Nasdaq and market higher. Additionally, European markets were strong as Spanish bond yields continued to drop and European earnings were fairly strong. One surprisingly good report was from BBVA (BBVA), which helped power the financial industry higher. Finally, the market got a seemingly more doveish Ben Bernanke in the latest report as well as continued talk about a gradual improvement in the economy. We have continued to take a neutral approach on the market, and we believe that two signs of why that is important is durable goods and crude inventories. Durable goods dropped 4.2% vs. 1.5% expectations. Additionally, crude inventories were higher again, showing yetComplete Story »
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