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AFTER MARKET UPDATE - MONDAY, AUGUST 15TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+59.58 |
18,636.05 |
+0.32% |
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Volume |
722,499,550 |
+4% |
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Volume |
1,411,581,900 |
+2% |
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NASDAQ |
+29.13 |
5,262.02 |
+0.56% |
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Advancers |
1,965 |
65% |
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Advancers |
2,044 |
69% |
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S&P 500 |
+6.10 |
2,190.15 |
+0.28% |
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Decliners |
1,035 |
34% |
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Decliners |
905 |
31% |
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Russell 2000 |
+12.04 |
1,241.86 |
+0.98% |
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52 Wk Highs |
243 |
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52 Wk Highs |
246 |
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S&P 600 |
+6.80 |
750.96 |
+0.91% |
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52 Wk Lows |
9 |
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52 Wk Lows |
32 |
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Major Averages Rally Further Into New Record Territory
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 59 points to 18635. The S&P 500 added 6 points to 2190 and the Nasdaq Composite gained 29 points to 5262. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly 2-1 on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 63 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 32 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.PICTURED: The Nasdaq Composite Index powered to a new record high.
Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). See the Featured Stocks Pagewhich now lists a few noteworthy candidates that have made headway. The Dow, S&P 500 and Nasdaq all closed at record highs on Monday as crude extended its recent rally and investors digested increased deal activity. NYMEX WTI crude climbed 3% to $45.84/barrel, after finishing its best week since April on Friday. On the data front, a report showed manufacturing activity in the New York Fed region contracted in August. In a separate release, the NAHB survey revealed homebuilder sentiment rose this month. Seven of 10 sectors in the S&P 500 finished positive on the session. Materials outperformed while Utilities lagged. In M&A news, Post Properties (PPS +9.42%) after agreeing to a $3.88 billion takeover bid from Mid-America Apartment Communities (MAA -4.89%). Xylem (XYL +3.86%) rose with news the company is acquiring privately held Sensus (SRTS +0.77%) for $1.7 billion in cash. Valeant Pharmaceuticals (VRX +6.70%) rose after being the subject of positive analyst commentary. On the earnings front, Sysco (SYY -0.06%) despite the food distributor’s quarterly profit beating Wall Street expectations. Salesforce.com (CRM -3.32%) was a notable decliner. Treasuries finished lower with the benchmark 10-year note down 12/32 to yield 1.55%. In commodities, COMEX gold was up 0.3% to $1340.30/ounce. In FOREX, the Dollar Index fell 0.1%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, and Oil Services indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.22%) and the Broker/Dealer Index ($XBD +1.47%) both rallied while the Retail Index ($RLX -0.06%) finished flat on Monday. The tech sector was positive as the Biotechnology Index ($BTK +1.42%), Semiconductor Index ($SOX +1.36%), and the Networking Index ($NWX +1.31%) each posted a solid gain. The Oil Services Index ($OSX +2.15%) outpaced the Integrated Oil Index ($XOI +0.37%) while the Gold & Silver Index ($XAU -0.23%) ended slightly lower. Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +2.15%) met resistance and remains below its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
163.83 |
+3.44 |
+2.14% |
+3.87% |
| Integrated Oil |
$XOI |
1,141.25 |
+4.24 |
+0.37% |
+6.39% |
| Semiconductor |
$SOX |
790.44 |
+10.60 |
+1.36% |
+19.14% |
| Networking |
$NWX |
396.87 |
+5.11 |
+1.31% |
+5.57% |
| Broker/Dealer |
$XBD |
167.49 |
+2.43 |
+1.47% |
-5.95% |
| Retail |
$RLX |
1,379.32 |
-0.79 |
-0.06% |
+7.47% |
| Gold & Silver |
$XAU |
111.47 |
-0.26 |
-0.23% |
+146.07% |
| Bank |
$BKX |
69.89 |
+0.84 |
+1.22% |
-4.37% |
| Biotech |
$BTK |
3,386.97 |
+47.46 |
+1.42% |
-11.20% |
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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 Winning Fact-Based Investment System - Inquire Now! 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 in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please. **Serious inquires only, please. |
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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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$285.25
|
+2.15
0.76% |
$285.73
|
488,858
102.70% of 50 DAV
50 DAV is 476,000
|
$289.67
-1.53%
|
5/11/2016
|
$248.33
|
PP = $245.00
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MB = $257.25
|
Most Recent Note - 8/8/2016 5:40:21 PM
G - Touched a new high today but reversed into the red. Volume was below average while recently wedging into new all-time high territory. Its 50 DMA line and prior highs near $268 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains Lack Great Volume While Wedging to New Highs - 7/27/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$14.44
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+0.25
1.76% |
$14.69
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90,072
94.81% of 50 DAV
50 DAV is 95,000
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$16.77
-13.89%
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7/26/2016
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$15.79
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PP = $15.74
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MB = $16.53
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Most Recent Note - 8/12/2016 5:37:28 PM
Y - Pulled back to its 50 DMA line ($14.00). Prior lows (13.50) define near-term support. It negated the recent breakout by slumping back into the prior base raising concerns.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$211.48
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+5.61
2.73% |
$215.97
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1,238,226
112.57% of 50 DAV
50 DAV is 1,100,000
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$210.27
0.58%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 8/15/2016 10:15:02 PM
G - Hit a new high with today's 4th consecutive gain on ever-increasing volume. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 and its 50 DMA line define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$42.88
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+4.06
10.46% |
$42.97
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541,244
294.15% of 50 DAV
50 DAV is 184,000
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$41.76
2.68%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 8/15/2016 10:13:40 PM
G - Hit a new all-time high and finished near the session high with a considerable gain backed by heavy volume today. Color code is changed to green after rallying beyond its "max buy" level.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$18.52
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+0.47
2.60% |
$18.72
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1,964,110
151.67% of 50 DAV
50 DAV is 1,295,000
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$22.50
-17.69%
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5/16/2016
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$19.24
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PP = $19.20
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MB = $20.16
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Most Recent Note - 8/15/2016 10:18:58 PM
G - Posted a 4th consecutive gain today since finding support at its 200 DMA line ($17.43). More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Near Highs Above its "Max Buy" Level - 7/29/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
PATK
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NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$61.30
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-0.05
-0.08% |
$62.37
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111,104
73.09% of 50 DAV
50 DAV is 152,000
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$69.53
-11.84%
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5/24/2016
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$53.45
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PP = $50.68
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MB = $53.21
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Most Recent Note - 8/15/2016 10:23:13 PM
G - Consolidating above its 50 DMA line ($60.43) defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Rallied +30% in 2 Months Since Breakout Was Featured - 7/28/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
|
$63.88
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-0.01
-0.02% |
$64.12
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649,958
33.18% of 50 DAV
50 DAV is 1,959,000
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$64.47
-0.92%
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6/22/2016
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$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 8/15/2016 10:20:56 PM
G - Volume totals have been cooling while stubbornly holding its ground in a tight range above its "max buy" level and near all-time highs. Rallied for new highs on 7/28/16 with +66% above average volume following strong earnings news.
>>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Following Volume-Driven Gain - 8/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$35.40
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+0.28
0.80% |
$35.75
|
68,434
79.57% of 50 DAV
50 DAV is 86,000
|
$37.00
-4.32%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
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Most Recent Note - 8/15/2016 10:15:58 PM
G - Powered to a best-ever close with today's 7th consecutive gain. Reported earnings +23% on +62% sales revenues, below the +25% minimum earnings guideline (C criteria), raising concerns. Its 50 DMA line and prior highs define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
SFBS
-
NASDAQ
"ServisFirst Bancshares, Inc"
BANKING - Regional - Southeast Banks
|
$51.47
|
+0.84
1.66% |
$51.58
|
44,963
45.42% of 50 DAV
50 DAV is 99,000
|
$53.58
-3.94%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 8/11/2016 5:40:41 PM
Y - Sputtering near its 50 DMA line ($50.16). A volume-driven gain and strong close above the pivot point are needed to clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$57.62
|
+0.75
1.32% |
$57.79
|
210,620
93.19% of 50 DAV
50 DAV is 226,000
|
$58.78
-1.97%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 8/9/2016 9:40:11 PM
Y - Rallied further into new high territory today with its 5th consecutive gain backed by higher volume triggering a technical buy signal. See the latest FSU analysis for more details and a new annotated graph."
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Following Rebound - 8/5/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.29
|
-0.46
-1.66% |
$28.00
|
251,223
26.64% of 50 DAV
50 DAV is 943,000
|
$28.72
-4.98%
|
7/19/2016
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$26.42
|
PP = $28.82
|
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MB = $30.26
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Most Recent Note - 8/15/2016 10:21:57 PM
Y - Perched within close striking distance of all-time highs. Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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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