Stocks That Missed The Rally
Stocks: (F)(PFE)(T)(BAC)(SUNW)(LVLT)(SYMC)
It is generally not a good sign when large-cap stocks do not move up as much as the market on a big rally day. It usually means that the level of skepticism about near-term prospects is fairly high and it may take really good news to get them moving above current levels.
At 3PM, the Dow is up 1.2%. The Nasdaq is up nearly 2.1%
Of the stocks that trade on the NYSE and usually have high daily volume, Ford is up less than .8% even though it said its restucturing is on target. Pfizer is down .1%. AT&T is down .1%. Verizon is only up .4%. And, Bank of America is only up .8%.
Moving to the Nasdaq where the average is up even more, Sun is only up 1.4%. Level 3 is up 1.2%. Symantec is only up .8%.
Douglas A. McIntyre.
It is generally not a good sign when large-cap stocks do not move up as much as the market on a big rally day. It usually means that the level of skepticism about near-term prospects is fairly high and it may take really good news to get them moving above current levels.
At 3PM, the Dow is up 1.2%. The Nasdaq is up nearly 2.1%
Of the stocks that trade on the NYSE and usually have high daily volume, Ford is up less than .8% even though it said its restucturing is on target. Pfizer is down .1%. AT&T is down .1%. Verizon is only up .4%. And, Bank of America is only up .8%.
Moving to the Nasdaq where the average is up even more, Sun is only up 1.4%. Level 3 is up 1.2%. Symantec is only up .8%.
Douglas A. McIntyre.
posted by douglas mcintyre at 3:03 PM
Subscribe
<< Home