Some stocks to watch
Got that market bounce today – and it was a strong one. This is similar to the market scenario that played out prior to election week when the S&P 500 sold off for 9 straight days – and similar to that time, the sell-off was as shallow as the one we saw with this latest sell off. That October-November sell off ended in a sharp bounce higher and so did this particular sell off. What remains to be seen is whether the bulls can pile on today’s bounce and rally this market for a few days.
We’ll find out shortly (no pun intended) what the intentions of the bulls are – if they can keep the momentum going into tomorrow, or whether the bears will step up to the plate and treat the rally as an opportunity to short stocks at higher prices.
Here are my stocks to watch
Long TripAdvisor (TRIP)
Long Norwegian Cruise Line Holdings (NCLH)
Short ConAgra Brands (CAG)
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