The Hunt for the Next 10 Bagger

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U.S. stocks: Genworth, Fastenal losses weigh on S&P
Wells Fargo revenue falls, profit rises in line with expectations
NEW YORK (MarketWatch) — The U.S. stock market gave a lukewarm greeting to the first earnings report from the country’s banks, and the early losses kept main benchmarks on track to finish the week with modest losses.

The energy and financial sectors led decliners on the S&P 500, while telecoms led the gainers.

“There are lots of investors with cash who missed out on spectacular gains in 2013, so every time they see a dip, they are buying it. I suspect that often it is a retail investor, because institutional investors are more disciplined,” Forrest said. http://www.marketwatch.com/story/us-stocks-futures-rebound-ahead-of-wells-fargo-results-2014-07-11