If you just woke up from your New Year’s festivities, well, you haven’t missed anything. The market has hemmed and hawed with the net effect a move of less than 1%. The odds still favor a move to the upside, but wait for the market to tell you what to do.
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Most stocks follow the market, and Conagra (CAG) is no different. I always like this stock on a breakout, and think that will happen soon. Just be patient.
One stock you don’t have to wait for is Rite-Aid (RAD). It’s my favorite drug retailer (mostly because I shop there) and the latest break says it’s going higher.
Back next week to see if this Rip Van Winkle market has arisen from its slumber.