Market Overview
US market continued on its downtrend on Thursday after a few days rest. The Internet and Biotechnology shares were among the top two losers for the day. The NASDAQ Composite Index sank 3.13% erasing its gains of the last two months. Also, the S&P 500 Index lost 2.09% to the lowest since February 2014 end. Investors are now eyeing on Producer Price Index and Consumer Sentiment data due on Friday, to find a safe investment avenue in the market.
BULLS
OF THE STREET (NYSE):
Name
|
Close
Price ( $ )
|
Change
%
|
SINOPEC
Shanghai Petrochemical ADS
|
29.85
|
18.64
|
Cash
America International
|
43.24
|
12.31
|
Ruby
Tuesday
|
06.68
|
12.08
|
Aluminium
of China ADS
|
10.22
|
09.54
|
Rite
Aid
|
06.94
|
08.44
|
BEARS
OF THE STREET (NYSE):
Name
|
Close
Price (
$ )
|
Change
%
|
Imperva
|
28.00
|
43.70
|
Box
Ships
|
01.90
|
20.17
|
Voxeljet
ADS
|
18.55
|
13.44
|
GrubHub
|
30.91
|
12.46
|
NeoPhotonics
|
06.89
|
12.34
|
Stock Pick For Today
Caterpillar Inc Del:
Caterpillar Inc Del is looking bullish on charts. Stock is in bullish trend, with the price taking support from the trend line on daily intraday chart. Near term breach of resistance level of $103.72 is expected, which would result into bullish sentiment in the stock to test the levels of $105.25. Traders can buy the stock above the level of $103.72 which is a near term resistance level for the stock, and if it manages to break this level further bullish movement is expected in this stock to test the levels of $105.25.
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| Stock Pick For Today |
