U.K. stocks swung between small gains and losses on Monday, as traders kept an eye on rising U.S. bond yields, which were on the cusp of hitting a key level.
Mining companies continued their push higher, gaining on the back of fears that U.S. sanctions on Russia will significantly hit the supply of certain metals.
What are markets doing?
The FTSE 100 index
• The stock market rose/fell last week, with the S&P 500 (SPX) up 14 points to 2670, an increase of 0.5%.
• With the Syrian bombing occurring over the previous weekend, the market last week shifted its focus from political news to the corporate earnings and interest rates.
• Our projection this week is for more downside price action in the stock....More>>>
Under Armour shares jumped Monday after an upgrade by Deutsche Bank, which cited its “robust” international growth.
Shares of the sportswear retailer surged 4.5 percent following the analyst’s note.
Analyst Paul Trussell upgraded shares of Under Armour to hold from sell, arguing that its “rapidly growing” international business could help balance sluggish....More>>>
Small cap generic pharmaceutical stock Lannett Company, Inc (NYSE: LCI) is thethird most shorted stock on the NYSE with short interest of 52.86% according toHighshortinterest.com.Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications and therapeutic areas. The Company believe that its ability....More>>>
PCM, Inc. (NASDAQ:PCMI) shares have had an incredible run, up about 150% since April. We decided to take a closer look and see what was driving results. The company currently is growing via acquisition and revenue was slowing prior to this. Companies that acquire growth to mask revenue declines often make for great shorts. We feel PCMI will make for a great short at some point,....More>>>