Still No Decisive Breakout as SPX Tests 5783 The S&P 500 (SPX) remains just below 5783, which is the upper-end of an important target/resistance area we have discussed for over a month (5670-5783). 5670 was the prior all-time high set in July, while 5783 is 2% above 5670. It is hard to call it a "decisive" breakout if the SPX is not even 2% above its prior high, and, importantly, in 2007, the SPX made a top after climbing 1-2% above its prior high. To reiterate, the 2007 topping analog has trac...
Cognizant has been one of the best consulting firms globally by leveraging its asset-based consulting strategies. Incrementally, CTSH has been able to consistently reinvest in its business to drive further growth through both bolt-on acquisitions and internal R&D. It has been both disrupting and consolidating the industry to produce impressive growth and profitability. If the company is able to continue executing, it should be able to beat market expectations. Cognizant's management is closely ...
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