Telecom, AXP and VZ
A couple things stuck out in our Daily Stock Odds report from yesterday. The first is that the S&P 500 Telecom sector has now been up 10 days in a row -- something that hasn't happened any other time over the past 5 years. The second is that AXP and VZ have both been up 7 days in a row. When this has happened over the past 5 years, AXP has gone down on day 8 every time, while VZ has gone down 50% of the time. The next best streak in the Dow 30 is AT&T at 3 up days in a row.
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Any idea what's driving those odds? That would be useful to know.
Posted by: Scott | May 02, 2008 at 05:12 PM