Just a few weeks ago, X was touted as one of Goldman's top Conviction Buys, and X was touted yesterday by Goldman as a buy before earnings.
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Today X is removed from Conviction Buy, and the Metals and Steel sector is downgraded due to concerns from China, and FCX was cut to neutral.
Anyone think the action in X and FCX yesterday, was Goldman trading off that call before they released this news to clients?
Another trading "huddle!"