What's working vs. what's not is pretty remarkable today. We've got a wholesale rout in everything in the mall -- and I mean everything.
But because oil's doing well, these stocks can't be kept down. It shows you how fickle oil can be. Yesterday we were worried about U.S. inventories. Today we are concerned that Canadian crude won't be flowing in big numbers and Libya won't be exporting enough because of fighting.
It's a reminder that oil's not just demand, it's supply, so the stocks that were hammered yesterday are making a comeback.
Then there's Qorvo (QRVO). This is a very interesting situation because it is a supplier to Apple (AAPL) as well as Samsung and in the conference call it talks about how its largest customer, presumptively Apple, has some "pretty good selling products." Could this be the totally dismissed SE, which I think is doing better than expected?
Then we have the second day of the media rally, this time with Scripps (SNI) and Discovery (DISCA) taking center stage. This group had been so beat up, but CBS (CBS) and Time Warner (TWX) did so well, you really have a nice rotation here.
Finally there's natural and organic. People are liking Whole Foods (WFM) on a comeback. The comparisons are going to get easier -- they should rebound vs. the weight and measures problem in New York last year. They have a new store format, the 365, opening soon and the thesis is still strong. We know that from Hain (HAIN) just last night on "Mad Money," although I can't get my arms around the Sprouts (SFM) shortfall yet.