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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 6TH, 2024
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DOW |
+1,508.05 |
43,729.93 |
+3.57% |
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Volume |
1,432,687,988 |
+61% |
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Volume |
8,252,379,000 |
+16% |
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NASDAQ |
+544.29 |
18,983.47 |
+2.95% |
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Advancers |
1,631 |
60% |
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Advancers |
2,760 |
65% |
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S&P 500 |
+146.28 |
5,929.04 |
+2.53% |
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Decliners |
1,066 |
40% |
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Decliners |
1,516 |
35% |
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Russell 2000 |
+132.08 |
2,392.92 |
+5.84% |
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52 Wk Highs |
466 |
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52 Wk Highs |
654 |
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S&P 600 |
+86.76 |
1,511.13 |
+6.09% |
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52 Wk Lows |
55 |
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52 Wk Lows |
150 |
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Major Indices Powered to New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices posted big gains. The volume totals reported were higher than the prior session total on the NYSE and on the Nasdaq exchange, action indicative of increasing institutional buying demand. Advancers led decliners by an 8-5 margin on the NYSE and by almost a 2-1 margin on the Nasdaq exchange. There were 228 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 81 on the prior session. New 52-week highs totals expanded considerably and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.
X
PICTURED: The S&P 500 Index posted a gain, finding prompt support at its 50-day moving average line while consolidating near its all-time high.
The S&P 500 financial sector (+6.2%) rose as Goldman Sachs (GS +13.2%), KeyCorp (KEY +15.7%), and Discover Financial Services (DFS +20.3%) were big gainers. Nucor (NUE +16.0%) and other steel stocks put up big gains.
There was a 3.6% increase in the consumer discretionary sector, and the industrials (+3.9%), and energy (+3.5%) sector also rose considerably. The real estate sector (-2.6%) and utilities sector (-1.0%) retreated. The consumer staples sector (-1.6%) also lost ground
A $25 billion 30-yr bond auction was met with strong demand. The 2-yr note yield settled the session up six basis points at 4.27% and the 10-yr note yield settled the session up 14 basis points at 4.43%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Energy, and Retail Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +10.69%) and the Broker/Dealer Index ($XBD +8.22%) posted large gains. The Retail Index ($RLX +2.26%) posted a smaller gain, The tech sector had a positive bias as the Semiconductor Index ($SOX +3.12%) and the Networking Index ($NWX +2.56%) posted solid gains while the Biotech Index ($BTK +0.03%) finished flat. Commodity-linked groups were mixed as the Oil Services Index ($OSX +7.62%) and the Integrated Oil Index ($XOI +3.11%) posted gains while the Gold & Silver Index ($XAU -2.44%) fell.
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PICTURED: The Networking Index ($NWX +1.40%) posted a gain for its all-time high close.
| Oil Services |
$OSX |
82.01 |
+5.95 |
+7.82% |
-2.23% |
| Integrated Oil |
$XOI |
1,930.49 |
+58.14 |
+3.11% |
+3.65% |
| Semiconductor |
$SOX |
5,215.57 |
+157.74 |
+3.12% |
+24.91% |
| Networking |
$NWX |
1,214.19 |
+30.26 |
+2.56% |
+45.79% |
| Broker/Dealer |
$XBD |
826.86 |
+62.83 |
+8.22% |
+48.37% |
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$RLX |
4,954.53 |
+109.71 |
+2.26% |
+27.41% |
| Gold & Silver |
$XAU |
155.94 |
-3.90 |
-2.44% |
+24.06% |
| Bank |
$BKX |
134.94 |
+13.03 |
+10.69% |
+40.53% |
| Biotech |
$BTK |
6,073.98 |
+1.57 |
+0.03% |
+12.09% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
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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 |
USLM
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NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$137.25
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+15.91
13.11% |
$139.03
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150,309
242.43% of 50 DAV
50 DAV is 62,000
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$121.78
12.70%
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9/17/2024
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$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 11/6/2024 11:06:16 AM
G - Gapped up today powering to another new all-time high with a big 9th gain in the span of 10 sessions. Its 50 DMA line ($95) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Above Prior Highs Near All-Time High - 10/7/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$95.14
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+3.79
4.15% |
$96.15
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1,247,721
184.30% of 50 DAV
50 DAV is 677,000
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$91.60
3.86%
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6/11/2024
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$59.76
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PP = $64.33
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MB = $67.55
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Most Recent Note - 11/5/2024 5:03:36 PM
G - Powered to another new all-time high with today's 4th consecutive gain. Bullish action has come after it reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system..
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$197.97
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+8.80
4.65% |
$201.22
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1,200,192
167.16% of 50 DAV
50 DAV is 718,000
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$196.29
0.86%
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7/26/2024
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$173.08
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PP = $175.82
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MB = $184.61
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Most Recent Note - 11/6/2024 11:16:52 AM
G - Gapped up today hitting a new all-time high. Prior highs in the $177-180 area define initial support to watch above its 50 DMA line ($176) on pullbacks.
>>> FEATURED STOCK ARTICLE : Gain With Light Volume for New High Close - 10/18/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$114.86
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+12.70
12.43% |
$115.38
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5,766,493
257.32% of 50 DAV
50 DAV is 2,241,000
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$106.93
7.42%
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7/30/2024
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$93.95
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PP = $85.52
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MB = $89.80
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Most Recent Note - 11/6/2024 11:12:40 AM
G - Gapped up today hitting a new all-time high. Found support at its 50 DMA line ($99.67) and above prior highs in the $98 area. Reported Sep '24 quarterly earnings +54% on +11% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
MELI
-
NASDAQ
MercadoLibre
Retail-Internet
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$2,117.30
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+27.29
1.31% |
$2,122.16
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492,592
177.19% of 50 DAV
50 DAV is 278,000
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$2,161.73
-2.06%
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8/5/2024
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$1,793.73
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PP = $1,792.15
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MB = $1,881.76
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Most Recent Note - 11/4/2024 1:32:42 PM
G - Posting a 3rd consecutive gain today, finding support near its 50 DMA line ($2,050). Little near-term resistance remains due to overhead supply up to the $2,161 level.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line - 10/3/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
NGVC
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NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$32.77
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+2.20
7.20% |
$33.71
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178,796
212.85% of 50 DAV
50 DAV is 84,000
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$30.81
6.36%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 11/6/2024 11:14:22 AM
Y - Hitting a new all-time high with today's "breakaway gap". Color code was changed to yellow with new pivot point cited based on its 9/18/24 high plus 10 cents. Powered to a new all-time high on the prior session with a considerable volume-driven gain triggering a new (or add-on) technical buy signal. Rallied abruptly from its 50 DMA line ($27.43) which acted as support.
>>> FEATURED STOCK ARTICLE : Near 50-Day Moving Average After Volume-Driven Losses - 10/4/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$81.00
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+5.37
7.10% |
$81.07
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3,153,089
142.67% of 50 DAV
50 DAV is 2,210,000
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$76.28
6.19%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 11/6/2024 11:10:26 AM
G - Gapped up hitting yet another new all-time high with today's 4th consecutive gain backed by ever-increasing volume. Prior highs in the $63 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Celistica Hits New All-Time High With 8th Straight Gain - 10/11/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
|
$26.82
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+1.94
7.80% |
$26.92
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257,492
125.61% of 50 DAV
50 DAV is 205,000
|
$27.06
-0.89%
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10/17/2024
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$26.15
|
PP = $25.31
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MB = $26.58
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Most Recent Note - 11/6/2024 11:15:49 AM
Y - Gapped up today. Volume totals have been cooling while consolidating. Found support near prior highs in the $24-25 area.
>>> FEATURED STOCK ARTICLE : Paymentus Featured Breaking Out With Volume Driven Gains - 10/17/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
|
$245.63
|
-0.11
-0.04% |
$250.00
|
791,086
72.84% of 50 DAV
50 DAV is 1,086,000
|
$260.49
-5.70%
|
10/25/2024
|
$256.64
|
PP = $255.28
|
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MB = $268.04
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Most Recent Note - 11/4/2024 1:36:36 PM
Y - Consolidating above its 50 DMA line ($242.63) which defines important near-term support to watch. Damaging losses quickly negated the recent breakout.
>>> FEATURED STOCK ARTICLE : ResMed Negated Friday's Breakout Raising Concerns - 10/28/2024 |
View all notes |
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Company Profile |
SEC
News |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$88.98
|
+7.70
9.47% |
$88.99
|
626,798
175.08% of 50 DAV
50 DAV is 358,000
|
$85.26
4.36%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
|
MB = $84.29
|
Most Recent Note - 11/6/2024 11:08:45 AM
G - Gapped up today hitting a new all-time high above its "max buy" level and its color code is changed to green. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
|
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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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