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Shares of Loews Corp (L) slumped Monday after the company reported a 44 percent fall in quarterly profit due to lower revenue from its energy and insurance businesses.
Even amid massive central bank stimulus in Europe, which tends to lift stock markets, investors still need to be picky when investing in the region.
European markets were positive this morning after Friday's strong performance and as the world waits for Janet Yellen's testimony to Congress later this week.
For this basket trade, I revamped my scan to seek out both volatility and trend expansion.
Marek Fuchs, senior contributing analyst at TheStreet, laments the condemnation of Loews.