|Day Low/High||145.46 / 148.61|
|52 Wk Low/High||90.08 / 152.68|
Energy, banks and food stocks are roaring, and momentum tech is still too risky.
The heretofore improbable Microsoft-Salesforce partnership will be positive for both companies.
Away from the techs and the biotechs, you will find an astounding uniformity among stocks.
The rotation into blue-chip-like names is offsetting the tech exodus.
Today's post-earnings action could reveal a lot about the whole spectrum of these kinds of stocks.
Avoid buying the dip in momentum stocks; rather stick with value and growth plays.
TheStreet's Jim Cramer says momentum names like Workday, Splunk, and Salesforce.com are not much of a factor and will not bring down the market as the momentum 'cohort' had in 2000.
We have to put these overvalued stocks into some perspective.