ATM manufacturer NCR Corp (NCR) shot higher on reports Blackstone Group (BX) and Carlyle Group (CG) were preparing to make a joint bid. The buyout could be valued at more than $10 billion, including debt. Stocks enjoyed a slow-burn rally, climbing throughout the session to close with impressive gains despite earlier jitters surrounding the kickoff of the Fed's monthly meeting. Corning (GLW) moved higher on Tuesday after RBC Capital upgraded shares. Analysts said more affordable pricing of 4K resolution TVs would encourage upgrades, benefiting Corning's display business. Under Armour (UA) gained even after creating a new class of shares that gives the company's CEO far more power in his ownership stake.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.