“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.”
― Jim Rogers
Netflix with a big miss last night could put some pressure on the tech sector and more specifically the FANG stocks which have been leading the indexes higher. Financial stocks caught a bounce yesterday on the heels of BAC earnings and we have Goldman Sachs earnings this morning that could provide more lift for the sector. The spotlight will be on Fed Chair Jerome Powell this morning as he delivers his semi-annual monetary policy testimony on Capitol Hill. Oil and energy took a pause yesterday on talk of increased global supply and a potential slowdown in economic growth.
ACET ACETO Shares Up 11.6% After Co.'s Subsidiary Acetris Health Received Favorable Ruling Regarding Government Contracts
CDMO Avid Bioservices Q4 EPS $0.03 Beats $(0.15) Estimate, Sales $6.94M Beat $6.14M Estimate Avid Biosciences Sees FY19 Sales $51M-$55M vs $56.5M Est.
Flirting with 8 roll potential swing lots of insider buys recently
GBR New Concept Energy Shares Up 17.2% After Hours Following Announcement Of Extension From NYSE For Co. To Regain Compliance
I just like the technical setup and if financial stocks can continue to rally this could get some legs
Flirting with a 6 roll had some positive partner news yesterday
XXII 22nd Century Announces the Immediate Feasibility of the FDA's Nicotine Reduction Plan potnetial day trade opp can be a pop and flopper decent looking daily
MESO Mesoblast Enters Into Strategic AllianceWith Tasly Pharmaceutical Group For The Development, Manufacturing, And Commercialization In China Of Mesoblast's Heart Failure And Acute Myocardial Infarction Candidates; Co. Will Receive $40M On Closing
AXSM Axsome Therapeutics Announces AXS-05 Presentation At 2018 Alzheimer's Association International Conference On July 23 recent insider buy @ 3.10
CLRB
Cellectar Reports 94% Reduction in Overall Tumor Volume in Waldenstrom Macroglobulinemia Patient in Phase 2 CLR 131 Clinical Study
HUGE gapper could set up intraday only 16 million shares in the float likely going to raise cash soon
Tuesday's economic calendar
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 Powell to deliver semi-annual monetary policy testimony
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital
