I'm with stupid. That's the kind of T-shirt I would love to wear on this show, with stupid being the market because boy-oh-boy is it ever dumb during the earnings season.
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This stock has been experiencing strong volatility post-earnings.
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The action does feel a little tired and more forced but there still isn't any real shift in the price action.
BMY sees reason for optimism over the final half of the year.
Focus on price action but increase vigilance. Be ready to react if fundamental issues start to hit the market in a more systematic way.