Here's a look at this week's stocks that could rocket higher. Facebook's (FB) momentum is coming back following a correction at the end of 2016. Intel (INTC) is benefiting from higher PC sales forecasts in 2017. Micron Technology (MU) has doubled in the last year, but shares are still 40% off from their 2014 highs. A prolonged fuel price slump and the Virgin America deal make Alaska Air (ALK) attractive in 2017. And Palo Alto Networks (PANW) is levering its Rolodex to sell an integrated platform approach to cyber security.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
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.