We enter Thursday’s trading with the market in overbought territory once again. Today marks the end of the Fed’s 2-day meeting, and we’ll see at the press conference later today if indeed further quantitative easing measures are in store. On the economic front, the Labor Department will announce the weekly jobless claims this morning, with estimates pointing to yet another increase. In this bullish market its normal for overbought conditions to linger before a pullback develops.
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The 5 stocks with the Top Real-Time Edge right now are:
- Monster Beverage Corp. (MNST)
- Lorillard Inc. (LO)
- Phillip Morris International Inc. (PM)
- Reynolds American Inc. (RAI)
- Altria Group Inc. (MO)