Your Magic Recipe Spell Changes From Last Week
Two new stocks entered the Magic Recipe Spell last week, knocking two others out. Greenbrier looks like a case of a fringe stock dropping under the $1 billion minimum market cap, while Syntel's nearly 12% decline last week increased its value proposition over General Dynamics, which was up some last week.
Three Magic Recipe members moved over 10% last week. CBI was up on a solid earnings report, while INSY and VRX continue to be very volatile traders for the time being. SYNT, as mentioned, dropped 12% on an earnings miss and "weak" guidance.
Tickers dropping out:Greenbrier Companies, Inc. (GBX)
General Dynamics Corporation (GD)
Tickers entering:Syntel, incorporated (SYNT)
Vector Group Ltd. (VGR)
10% Movers:Chicago Bridge & Iron Co. NV (CBI) 14.69%
Insys Therapeutics, Inc. (INSY) 12.57%
Valeant Pharmaceuticals International, Inc. (VRX) 11.95%
Syntel, incorporated (SYNT) -11.86%
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