Markets closed lower yesterday as better-than-expected unemployment numbers justify the feds raising of interest rates. The futures are up nicely after data for Nonfarm payroll jobs and wages last month came in a little less hot than expected. If the economy is growing slower than anticipated, the fed's approach is working and only then we can stop raising rates.
Stocks to Watch
Devon (DVN) seems like a good buy if I've ever seen one. Oil prices are still rising and might even double according to some.
Cosco (COST) reported a 7% year-over-year increase in net sales. The stock receives an upgrade. Consumers need to save money and many do this with a big box store membership.
Lululemon (LULU) receives an upgrade from Wells Fargo. The stock is buzzing, a lot of buying.
Conagra (CAG) receives multiple target raises after reporting stellar numbers.
Happy Investing!
The Punkrock Capitalist
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