At the top of Jim Cramer's "Mad Money" program last Friday he outlined some of the quarterly earnings reports he would be watching this week. Those reports include the results of recreational vehicle giant Thor Industries Inc. (THO) , a solid economic barometer, which here on Monday morning posted second-quarter results that missed analyst expectations on the bottom line but beat sales expectations.
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The detrended Rydex ratio remains very bullish.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
This is still a very difficult market for individual stock picking as the action is strongly correlated.