U.S. Unemployment Rate Falls Despite Low Jobs Growth
The November Employment Situation Report saw the economy add 210,000 jobs, which was much lower than the forecasted 550,000. Despite the low number, the unemployment rate came in at 4.2%, lower than the forecasted to be 4.5%.
The labor force participation rate rose to 67.8% from 61.6%. The S&P 500 index futures fell slightly on the news as it gets harder to tell how the Fed may react to the report when it comes to accelerating their tapering plans.
TOP UPGRADES
Cowen & Co. upgraded the previous rating for Marvell Technology Inc $MRVL)from Market Perform to Outperform. In the third quarter, Marvell Technology showed an EPS of $0.43, compared to $0.25 from the year-ago quarter.
According to Craig-Hallum, the prior rating for Sportsman's Warehouse Holdings Inc $SPWH was changed from Hold to Buy. Sportsman's Warehouse earned $0.44 in the second quarter, compared to $0.76 in the year-ago quarter.
For Accel Entertainment Inc $ACEL, Macquarie upgraded the previous rating of Neutral to Outperform. Accel Entertainment earned $0.18 in the third quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $14.10 and a 52-week-low of $8.82.
$MS, Citigroup upgraded the previous rating of Neutral to Buy. For the third quarter, Morgan Stanley had an EPS of $2.04, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $105.95 and a 52-week-low of $61.86.
$MAXN) from Neutral to Buy. For the third quarter, Maxeon Solar Technologies had an EPS of $1.49, compared to year-ago quarter EPS of $2.24.52-week-high of $57.97 and a 52-week-low of $14.01. At the end of the last trading period, Maxeon Solar Technologies closed at $17.16.
$PATH, $MS upgraded the previous rating of Equal-Weight to Overweight. UiPath earned $0.01 in the second quarter, compared to $0.03 in the year-ago quarter. 2-week-high of $90.00 & a 52-week-low of $42.54. At the end of the last trading period, UiPath closed at $43.27.
Morgan Stanley upgraded the previous rating for Appian Corp $APPN from Underweight to Equal-Weight. In the third quarter, Appian showed an EPS of $0.22, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $260.00 and a 52-week-low of $66.68.
$FSLY was changed from Market Perform to Outperform. In the 3rd quarter, Fastly showed an EPS of $0.11, compared to $0.04 from the year-ago quarter. Stock has a 52-week-high of $122.75 and a 52-week-low of $33.87. At the end of the last trading period, Fastly closed at $36.45
$SFIX) from Underweight to Equal-Weight. For the fourth quarter, Stitch Fix had an EPS of $0.19, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $113.76 and a 52-week-low of $22.38.
$PNM, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. PNM Resources earned $1.37 in the third quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.11 and a 52-week-low of $44.82.
Not much green on my watchlists
• • •
Missing some Tweet in this thread? You can try to
force a refresh
- The CANSLIM method looks for stocks with high growth potential.
- Must meet the 7 CANSLIM criteria
- Buy stocks in bases and attempts to cut losses short and let profits run
- Buy stocks before large institutional buying
2/ Here are some rules from William O'Neil
- Don't buy cheap stocks. Avoid stocks under $15
- Respect the CANSLIM rules
- Leave your ego at the door, the market doesn't care
- Don't buy bottoms or average down
- Cut losses at 7-8%
- Have specific sell rules