Volatility peaked Thursday afternoon and since then, the market has been on the rebound. Optimism continued on through the weekend and into Monday’s trading session. Overnight, the People’s Bank of China announced a new interest rate reform plan. The goal of the plan was to support small business funding. Also, the Trump Administration granted Huawei an additional 90-day extension on a license that allows the company to conduct some business with American customers. Anything that steps back the trade war rhetoric is bullish for the market.
Check out Dave’s Daily Dive video above where I break down the market action today!!!
Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is when I break down stock charts of a few key names today. I’ve got five Zacks Rank #1 (Strong Buy) stocks breaking out to new highs. The list of stocks I cover today include:
Arch Capital Group (ACGL - Free Report)
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
American States Water (AWR - Free Report)
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of February 25, 2019, it provided water service to approximately 260,000 customers located throughout 10 counties in Northern, Coastal, and Southern California; and distributed electricity to 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, California.
James River Group Holdings (JRVR - Free Report)
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers.
Luna Innovations (LUNA - Free Report)
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development.
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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