Michael Block Is A Seller Of CSCO, KSS, JCP, HIG And AFL

Michael Block, a Chief Equities Strategist of Phoenix Partners, is a seller of the companies that posted weak earnings results. He thinks that the market is going back to the bottom of the range, and he expects that S&P 500 will test 1,010 points. Cisco Systems, Inc. CSCO is one of the companies that Michael Block wants to sell. He was disappointed with CSCO's results. J.C. Penney Company, Inc. JCP should also be sold, thinks Michael Block. Hartford Financial Services HIG has a terrible guidance, and it has also found its place on Micheal Block's list. Kohl's Corporation KSS and AFLAC Incorporated AFL are also Mr. Block's selling candidates. He wants to see something from these companies before he decides to buy, and since they haven't shown anything he believes that their price will decline.