Hormel Rebounds

We had two earnings reports yesterday. Hormel Foods was in the morning and Ross Stores was after the close.

Yesterday, Hormel opened sharply lower but moved back up as the day wore on. We saw the same thing happen recently with Cerner. That seems to be a common move — traders panic and only slowly regain their senses.

Ross Stores is down this morning just as HRL was yesterday. We may see another rebound. Their earnings report looked just fine to me.

Posted by on May 25th, 2018 at 11:04 am


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