#$mplx

[jstephencastellano]

This is an update to our latest model portfolio report, 28 Stocks for October 2016.

MPLX LP (MPLX) was assumed closed at the end of trading today for a theoretical short sale gain of +10.48%.

Tableau Software, Inc. (DATA), Sinclair Broadcast Group Inc. (SBGI) and The Blackstone Group (BX) hit a short sale price target today, and will be assumed closed at the end of trading tomorrow.

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[jamielissettehammerstone]

It was another strong showing for equity averages...

...lifting back above key technical levels, as Greek PM Alexis Tsipras gave in to European demands for immediate action to receive up to EU86B euros of aid he needs to keep his country in the euro area. The news, coupled with another rally overnight in Asia (China 2% gain, 3rd day in a row of gains), several M&A reported deals over the weekend (details below), and general market upside momentum, lifted stocks globally ahead of earnings this week (big tech/banks this week), and the Fed (Chair Yellen holds semi-annual monetary policy meeting with Senate/House this week).

Gainers today include high beta sectors Internet (NFLX, AMZN, FB all reached 52-week highs), Biotech (led early) and Financials (optimism ahead of earnings this week), while defensive Utilities, Telecom names lagged. Markets rallied overnight, extended gains after the open, and held all day. Equities rallied 1.2% Friday, the best showing since early May 8, but is 1.7% below its record set in May. Today also marked the fifth straight day the Dow Industrials have moved 200 points (either direction).

HammerstoneReport Closing ReCap -7/13/15