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Goodbye Q2

Goodbye Q2

From Bespoke Research:  With a gain of over 18% heading into the last day, the S&P 500 is on pace for its best quarter since the last quarter of 1998. 
Palo Alto Networks Update

Palo Alto Networks Update

Shares of PANW continue to consolidate following a very solid earnings report back on May 21st:  https://www.zacks.com/stock/news/938599/palo-alto-panw-q3-earnings-and-revenues-beat-estimates?cid=CS-MKTWTCH-HL-analyst_blog|earnings_article-938599.   The stock reached...
Still Falling

Still Falling

Key bit:   The average number of daily COVID-19 deaths on a weekly basis has fallen from a peak of just over 2,000 to 700 or so. That’s a roughly 65% decline. And it’s no fluke. The figure has been dropping steadily since April. Hold on. That last number for June 23...
Eyeing Abbott

Eyeing Abbott

Abbott Labs has been in consolidation mode since mid April.  Back on April 16th shares surged to new 2020 highs following a solid Q1 earnings beat: https://investorplace.com/2020/04/abbott-labs-earnings-abt-stock-jumps-on-q1-beats/.  A few days later, after stretching...
Biotech Trifecta

Biotech Trifecta

Biotech is extending last week’s breakout as the new week begins.  There is room to run as all three of the Biotech Indexes we follow are still well below overbought readings despite the huge move off the March lows.  The consolidation process through May and...