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October, 2011

Hot Stocks on Friday 14th

By StockJock-e | 10.14.2011 | Posted in The Stock Market | Tags:

The market closed strong, even with banks lagging, which is an amazing feat!

Most notable is the strength in Google (GOOG:NASDAQ) which help the morning gap and closed strong on the day +4% at $591.

An interesting tidbit in the WSJ today:

Google Inc. (GOOG) said it will shut down its Buzz update service within a few weeks, closing the books on a controversial product that has been quickly overshadowed by the growing popularity of its Google+ social-networking site.

Shares were recently up 5.9% at $592.10 Friday, ahead of the broader market. The stock has gained 12% over the past three months.

Chief Executive Larry Page this week said Google+ now has more than 40 million users, reflecting the steep growth trajectory of a service the company only launched this summer. By comparison, rival Facebook Inc., which was founded in 2004, now has more than 750 million users of its social-networking service.

Apple Inc was the other great leading tech stock, closing just shy of a new 52wk high at $422. The new iphone 4S started hitting the shelves, as always, Apple fans going nuts for it!

Apple’s (AAPL:NASDAQ) latest iPhone arrived in stores Friday in the U.S. and a half-dozen other countries, as the company hopes to cement its position as the world’s leading smartphone maker. As has become the custom for Apple product launches, throngs of eager customers lined up in front of Apple’s retail stores to be among the first to get their hands on the new phone, the iPhone 4S. – WSJ

 

Stock market today – opening rally

The markets are gapping up again, on the same news that gaps us up every single time, but never actually produces anything concrete:

Submitted by Charles Hugh Smith from Of Two Minds

The Uncredible Dog and Pony Show: Merkel and Sarkozy

Does anyone take the Merkel-Sarkozy dog and pony show seriously any more? Perception management is not a solution.

For the past 18 months, every time reality threatens to intrude in Europe, Merkel and Sarkozy rush onto the global stage for a repeat performance of their dog-and-pony show. The global media declares it an artistic triumph and the “solution” to Europe’s insolvency.

(more…)

Stock tips

Browsing over the Trade Journals and Stock Tips section, I was really impressed with some very good analysis over the past few sessions.

Today we got slammed, the financial stocks were bringing the pain with -8% moves for BAC and Citi. The final hour of the day saw sellers hitting the bid right into the close. The S&P is now challenging the recent lows and fell below slightly during the session.

Through this selling,  HSM member o7media has been making some impressive intra-day calls during trading hours on the Stock Market Today thread. He was also hitting the 99.94 percential in the CNBC million dollar challenge, coming in 191st place as of last week.

Binks watch list has had some very nice lower priced stocks that have made good move, his thread is also worth keeping tabs upon.

 

 

 

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