New Offices For Sabrient Systems

Equity Research Firm Moves to La Cumbre Area

Santa Barbara, Calif., June 1-- Sabrient Systems, LLC, has new office space for its headquarters in Santa Barbara, California. The new address is 115 South La Cumbre Lane, Suite 100, Santa Barbara, CA 93105. The telephone number, 805-730-7777, remains the same.

Basic Materials and Energy have been the leading sectors so far this week, as the overall market continues to seek support, as well as leadership for moving higher. But the dollar seems determined to spoil the party.

Basic Materials and Energy sectors returned to a leadership role today as the stock market looked to bounce from its recent doldrums. Both sectors advanced about 2%. However, it is Healthcare that has remained consistently strong. And in fact, it is Healthcare that has maintained a steadily strong score in Sabrient’s quantitative SectorCast model.

We have all heard the old Wall Street adage to “sell in May and go away” until October, as the market historically underperforms in the May-September timeframe. And indeed, after the “bin Laden gap up” at the open on Monday, stocks quickly turned tail. Today, the selling intensified following the disappointing ISM Non-Manufacturing Index for April, with Energy and Materials the hardest hit.