With the market selloff yesterday, despite a strong new housing report, the market looked poised to have a pullback. Today we hear that Q1 GDP was revised to show a 3% contraction which was far worse than anticipated.
Two stocks that should open well include:
BMY: Phase 3 results for melanoma treatment positive
INSY: New orphan status designation
Both have recently sold off and are on my potential add list. I'll also be watching stocks that traded well yesterday to see if that "tell" continues today.