Stock Market View And 3 Special Situation Stocks 股市看法和3只特殊情况股票

Expectation of a July Federal Reserve interest rate cut has pushed major market indexes to new highs recently. Fear of missing out and no better return any where have been the main drivers for stock market to move higher. However,  Q2 corporate earning reports have begun, even though expectations have been low and can beaten easily but out look may not be optimistic. Technically, S&P500 has moved significantly higher then it's 200 day moving average and is the 2nd highest in the last 5 year. This means the market is overbought and any bad news can initiate a sharp correction. I am now cautiously bullish and avoid picking direction of the market. I am long special situation stocks such as BITA, KPTI and ZGNX.

BITA：Forward PE 6.6, EPS this year +62.8%,  Stock bottomed，institution accumulation/ distribution rating is B, short interest 56% with only 13.85M shares float.

KPTI: Two analysts upgrade with consensus target at much higher at 19.75, downside correction has completed, institution accumulation/ distribution rating is B, short interest at 17.66% with only 49.62M shares float.

ZGNX: FDA approved drug, bullish Island Reversal pattern, institution accumulation/distribution rating is B, short interest is 23.35% with only 41.3M shares float.

对7月美联储降息的预期推动主要市场指数近日再创新高。害怕错过机会加上没有比股票更好的回报渠道是现在股市走高的主要动力。 然而，第二季度企业盈利报告已经开始，尽管预期很低并且可以轻松打败预期但展望可能并不乐观。 从技术上讲，标准普尔500指数的水平已远远高于200天移动平均线水平，是过去5年来的第二高位。 这意味着市场处于超买状态，任何坏消息都可能引发剧烈调整。 我现在是谨慎看涨并避免挑选市场方向。 我现在持有BITA，KPTI和ZGNX等特殊情况股票。

BITA： 前瞻PE 6.6，今年预计+ 62.8％，股票已触底，机构累积/分发评级为B，空头率为56％，仅有1385万股流通。

KPTI：两位分析师调升目标价，共识的目标为19.75，下行修正已经完成，机构累积/分发评级为B，空头率为17.66％，仅有4962万股流通。

ZGNX：FDA批准新药，看涨岛形逆转图形，机构累积/分发评级为B，空头率为23.35％，仅有4130万股流通。