Wednesday, June 8, 2011

Our long term rating on Mercadilibre, Inc. MELI changed from 'bullish' to 'bearish'. 1 out of the 10 stocks on our focus list is rated bullish (VECO) in the short term. 2 out of the 10 stocks on our stock focus list are rated bullish (LULU, VECO) in the long term. The stock market direction outlook is: (1) short term: bearish; (2) long term: bearish.