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AFTER MARKET UPDATE - THURSDAY, JANUARY 26TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+32.40 |
20,100.91 |
+0.16% |
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Volume |
958,980,790 |
-6% |
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Volume |
1,661,891,690 |
-5% |
|
NASDAQ |
-1.16 |
5,655.18 |
-0.02% |
|
Advancers |
1,402 |
48% |
|
Advancers |
1,171 |
39% |
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S&P 500 |
-1.69 |
2,296.68 |
-0.07% |
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Decliners |
1,522 |
52% |
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Decliners |
1,796 |
61% |
|
Russell 2000 |
-6.84 |
1,375.60 |
-0.49% |
|
52 Wk Highs |
261 |
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|
52 Wk Highs |
211 |
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S&P 600 |
-4.99 |
841.79 |
-0.59% |
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52 Wk Lows |
9 |
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52 Wk Lows |
23 |
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Indices Mixed While Leadership Remains Healthy
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mixed on Thursday. The Dow was up 32 points to 20100. The S&P 500 lost 1 point to 2296 and the Nasdaq Composite slipped 1 point to 5655. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly negative as decliners led advancers by a 3-2 margin on the Nasdaq exchange while the mix was near even on the NYSE. There were 73 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 80 on the prior session. New 52-week highs totals contracted yet still solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 500 Index rallied for a new record high with increasing volume behind gains. Its 50-day moving average (DMA) line and recent lows define near-term support to watch on pullbacks.
A solid expansion in leadership was behind the major averages' (M criteria) latest gains and the market is in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages fluctuated throughout the session Thursday amid a flurry of corporate earnings reports and economic releases. The Dow Jones Industrial Average closed above 20,000 for the second-straight day to a fresh all-time high. On the data front, initial jobless claims came in at 259,000, above the expected 247,000. In a separate release, new home sales fell 10.4% in December, firmly below estimates. Finally, Markit’s preliminary survey of U.S. business activity expanded to 55.1 in January.
Six of 11 sectors in the S&P 500 ended in positive territory. Health Care shares finished lower with McKesson (MCK -8.31%) falling. Bristol-Myers Squibb (BMY -5.51%) fell as quarterly sales slowed for its antiviral drugs. Technology stocks underperformed with F5 Networks (FFIV -8.25%) falling. Shares of Qualcomm (QCOM -5.01%) fell after the chipmaker’s quarterly revenue fell below Street forecasts. In the consumer space, Charter (CHTR +7.30%) rose amid takeover speculation. United Rentals Industrials (URI +11.20%) rallied as the company’s forward guidance beat expectations.
Treasuries edged higher on the session with the benchmark 10-year note up 2/32 to yield 2.50%. In commodities, NYMEX WTI crude added 2.1% to $53.83/barrel. COMEX gold lost 0.7% to $1189.20/ounce. In FOREX, the Dollar Index gained 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial Indexes Edged Higher Amid Broader Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.01%) finished flat while the Broker/Dealer Index ($XBD +0.59%) and Bank Index ($BKX +0.41%) both posted small gains on Thursday. The tech sector had a negative bias as the Semiconductor Index ($SOX -0.60%), Networking Index ($NWX -1.01%), and the Biotechnology Index ($BTK -0.65%) posted unanimous losses. The Gold & Silver Index ($XAU -2.40%) and Oil Services Index ($OSX -2.29%) both ended solidly lower while the Integrated Oil Index ($XOI -0.27%) suffered a smaller loss. Charts courtesy www.stockcharts.com
 PICTURED: The Networking Index ($NWX -1.01%) pulled back after rallying from above its 50-day moving average (DMA) line to challenge prior highs.
| Oil Services |
$OSX |
186.96 |
-4.38 |
-2.29% |
+1.72% |
| Integrated Oil |
$XOI |
1,265.56 |
-3.38 |
-0.27% |
-0.19% |
| Semiconductor |
$SOX |
950.32 |
-5.74 |
-0.60% |
+4.84% |
| Networking |
$NWX |
448.69 |
-4.60 |
-1.01% |
+0.58% |
| Broker/Dealer |
$XBD |
218.40 |
+1.29 |
+0.59% |
+6.39% |
| Retail |
$RLX |
1,400.92 |
-0.20 |
-0.01% |
+4.31% |
| Gold & Silver |
$XAU |
88.20 |
-2.16 |
-2.39% |
+11.84% |
| Bank |
$BKX |
93.34 |
+0.38 |
+0.41% |
+1.69% |
| Biotech |
$BTK |
3,144.77 |
-20.65 |
-0.65% |
+2.27% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
|
$106.04
|
+0.78
0.74% |
$106.34
|
471,671
64.35% of 50 DAV
50 DAV is 733,000
|
$108.45
-2.22%
|
1/24/2017
|
$100.52
|
PP = $108.45
|
|
MB = $113.87
|
Most Recent Note - 1/25/2017 5:21:48 PM
Y - Posted a 2nd consecutive big gain with near average volume today while rallying from support at its 50 DMA line ($99). It was highlighted in yellow in the 1/24/17 mid-day report as a new pivot point was cited based on its 12/07/16 high plus 10 cents (read here) . Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Reported earnings +54% on +66% sales revenues for the Oct '16 quarter. Three of the past 4 quarters were above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Rose From Support at 50-Day Moving Average Line - 1/24/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$25.51
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+0.31
1.23% |
$26.30
|
405,836
133.06% of 50 DAV
50 DAV is 305,000
|
$25.83
-1.25%
|
10/10/2016
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$18.20
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PP = $18.37
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|
MB = $19.29
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Most Recent Note - 1/26/2017 12:18:47 PM
G - Hitting a new high with today gain. Completed a new Public Offering of shares on 1/10/17 during its orderly consolidation above its 50 DMA line ($24.21).
>>> FEATURED STOCK ARTICLE : Bank Stock Perched Near Record Highs After Considerable Rally - 1/4/2017 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$20.15
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-0.50
-2.42% |
$20.85
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32,485
36.50% of 50 DAV
50 DAV is 89,000
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$23.00
-12.39%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 1/25/2017 5:17:55 PM
G - Gapped up for a 2nd consecutive session today and posted a 6th consecutive gain backed by below average volume. Recently found support near prior highs in the $18 area.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Line and Now Testing Prior Highs - 1/19/2017 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
|
$51.56
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-0.48
-0.92% |
$52.41
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1,270,171
99.23% of 50 DAV
50 DAV is 1,280,000
|
$52.97
-2.66%
|
11/30/2016
|
$50.26
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PP = $46.47
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|
MB = $48.79
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Most Recent Note - 1/24/2017 5:46:36 PM
G - Posted another gain with below average volume today for its best-ever close. Insider buying reported in recent weeks is a reassuring sign. Its 50 DMA line ($49.22) defines support to watch above recent lows in the $48.50 area.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
|
$77.15
|
+0.60
0.78% |
$77.35
|
424,760
98.55% of 50 DAV
50 DAV is 431,000
|
$76.80
0.46%
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1/5/2017
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$71.40
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PP = $72.07
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MB = $75.67
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Most Recent Note - 1/23/2017 5:48:01 PM
Y - Wedged higher with today's gain lacking great volume conviction. Its 50 DMA line ($68.95) defines support above prior highs. Concerns remain because volume behind all gains has been light since a new pivot point was cited based on its 12/08/16 high plus 10 cents - "Gains above a pivot point must have a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal.)
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$54.09
|
+0.80
1.50% |
$55.00
|
204,324
118.79% of 50 DAV
50 DAV is 172,000
|
$54.23
-0.26%
|
9/29/2016
|
$46.12
|
PP = $47.82
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|
MB = $50.21
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Most Recent Note - 1/26/2017 1:08:35 PM
G - Hitting new all-time highs with today's 5th consecutive gain. Recently found support at its 50 DMA line ($49.56). Repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Slump Below "Max Buy" Level But Fundamental Concerns Were Raised - 1/6/2017 |
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C
A
S
I |
DW
-
NYSE
LCI Industries
MATERIALS and CONSTRUCTION - General Building Materials
|
$115.90
|
+0.60
0.52% |
$117.00
|
132,562
71.04% of 50 DAV
50 DAV is 186,600
|
$116.50
-0.52%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 1/23/2017 5:43:17 PM
G - Found support at its 50 DMA line ($106.10) and posted a gain today with average volume. Prior highs in the $103 area define the next important support level below its 50 DMA line. Subsequent violations may trigger technical sell signals. Drew Industries (DW) announced a new name LCI Industries (LCII) and new trading symbol effective as of the market open on January 3, 2017.
>>> FEATURED STOCK ARTICLE : Consolidating Well Above Prior Highs and 50-Day Moving Average - 12/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.14
|
-0.29
-1.24% |
$23.44
|
68,102
51.59% of 50 DAV
50 DAV is 132,000
|
$27.04
-14.42%
|
12/22/2016
|
$24.99
|
PP = $25.09
|
|
MB = $26.34
|
Most Recent Note - 1/26/2017 1:03:40 PM
G - Volume totals have been cooling, but the longer it lingers below its 50 DMA line the worse it outlook gets. A rebound above its 50 DMA line ($23.98) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Built an Orderly Base-On-Base Pattern - 12/23/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$22.50
|
-0.10
-0.44% |
$22.75
|
94,933
33.78% of 50 DAV
50 DAV is 281,000
|
$24.10
-6.64%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
|
Most Recent Note - 1/26/2017 1:06:31 PM
Y - Consolidating above prior highs in the $21-22 area and above its 50 DMA line defining important near-term support to watch. Damaging losses leading to violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Above Prior Highs - 1/10/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$83.25
|
+0.35
0.42% |
$83.25
|
67,663
55.01% of 50 DAV
50 DAV is 123,000
|
$83.03
0.27%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/26/2017 1:04:52 PM
G - Perched quietly at all-time highs, extended from its prior base. Its 50 DMA line ($74.77) defines support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Rose Since Featured Again - 12/28/2016 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$34.64
|
+0.49
1.43% |
$34.77
|
740,326
104.86% of 50 DAV
50 DAV is 706,000
|
$34.34
0.87%
|
1/25/2017
|
$34.09
|
PP = $34.04
|
|
MB = $35.74
|
Most Recent Note - 1/25/2017 5:15:22 PM
Y - Finished strong after highlighted in yellow with new pivot point cited based on its 12/12/16 high plus 10 cents. Hit new all-time highs with +107% above average volume triggering a technical buy signal. Found support above its 50 DMA line during its orderly consolidation. Quarterly earnings and sales revenues increases in comparisons through Sep '16 have been strong, Annual earnings (A criteria) history has been good since its $17 IPO on 10/31/13. Completed a new Public Offering on 11/19/14. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Big Breakout Gain - 1/25/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$92.91
|
-0.17
-0.18% |
$93.59
|
319,241
39.71% of 50 DAV
50 DAV is 804,000
|
$103.00
-9.80%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
|
MB = $103.95
|
Most Recent Note - 1/24/2017 5:43:57 PM
G - Rose today yet remains below its 50 DMA line after a damaging gap down on 1/17/17 triggering a technical sell signal. A rebound above its 50 DMA line ($94.67) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Technical Damages Raised Concern and Triggered Technical Sell Signal - 1/18/2017 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$27.49
|
-0.78
-2.76% |
$28.61
|
67,526
90.03% of 50 DAV
50 DAV is 75,000
|
$28.43
-3.31%
|
1/23/2017
|
$27.30
|
PP = $27.87
|
|
MB = $29.26
|
Most Recent Note - 1/25/2017 5:24:15 PM
Y - Today's 6th consecutive gain was backed by +38% above average volume as it rallied for a new all-time high after a short flat base. Members were previously reminded - "A gain above the pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal. Reported Dec '16 quarterly earnings +17% on +26% sales revenues, below the +25% minimum guideline (C criteria) for buy candidates, raising fundamental concerns. Completed a new Public Offering on 12/15/16 See the latest FSU analysis for more details and an annotated graph."
>>> FEATURED STOCK ARTICLE : Challenged Highs But Ended in Bottom Third of Intra-day Range - 1/23/2017 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$39.18
|
+0.31
0.80% |
$39.26
|
98,860
35.06% of 50 DAV
50 DAV is 282,000
|
$38.98
0.51%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 1/24/2017 5:49:12 PM
G - Posted a gain on light volume today challenging prior highs. Recent low and its 50 DMA line define important near-term support in the $35-36 area where subsequent violations would raise concerns.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017 |
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C
A
S
I |
|
|
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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