Elliott Fishman's Top Picks: July 9, 2019 [Business News Network (BNN) Energy & Resources (Canada)]
Intel Corporation (INTC)
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Source: Business News Network
Elliott Fishman's Top Picks: July 9, 2019 Elliott Fishman, director of U.S. and international equity trading at Scotia Wealth Focus: Technical analysis MARKET OUTLOOK The TSX has been very strong, albeit toppy at these levels. Both crude and gold have been better and kept the index solid. I’m still advising to take wins at these levels, waiting for the long-expected sell-off which just hasn’t materialized yet. The S&P has recouped everything and more from the December 2018 meltdown. It has created a new high, but appears to need a rest to consolidate and prove that it’s ready to move higher. Like The TSX, I’m advising to take wins as the summer volumes creep in. Rates don’t appear to have the upward risks of last year, so markets should remain fairly unscathed. The Dow, like the S&P, has recouped all and more from December, but sits at an almost three-year high. It appears to need some consolidations to create some more upward momentum. TOP PICKS INTEL CORP ( INTC.O ) Ver
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