Onus is on the Bulls
August 12, 2019
The market found some solid support last week after Monday's meltdown, and the action of individual growth stocks is even more encouraging, with many that acted resiliently (holding 50-day lines, for instance) and/or gapped up on earnings. Even so, all indexes are in intermediate-term corrections, and while the tariff-induced selloff could be a big shakeout, we'll need to see more strength from here to prove a bottom is in.
Meanwhile, we continue to find enticing situations in the market--this week's Top Ten is chock-full of earnings winners, and our Top Pick is one of them, a solid, steady grower in the aerospace field.