Its about time the sellers kicked back in, now that the short selling restriction has been lifted, shorters are hitting FRE and FNM hard!
The Barrons article over the weekend which questioned the ability of both FRE and FNM to last through the housing crisis hit the stocks today.
Get more of the article and some comments […]
New short term highs on the following stocks:
Symbol Last %Chg Industry
COV 45.95 0.42 Medical Instruments Supls
NOG 8.23 6.61 N/A
ACN 37.89 1.94 Management Services
AIT 31.95 1.69 Industrial Equip Wholesle
AKS 64.35 2.16 Steel And Iron
Showing upward momentum and strength in the last 4 trading sessions:
SPY - SPDR S&P 500 ETF
C - CITIGROUP INC
MU - MICRON TECHNOLOGY INC
IWM - iShares Russell 2000
ORCL - Oracle Corporation
WMT - Wal-Mart Stores Inc
RIO - COMPANHIA VALE
EMC - EMC CORP
XLE - Select Sector SPDR
MOT - MOTOROLA INC
TLAB - Tellabs, Inc.
NOK - NOKIA CORP
GM - GENERAL […]
The beat down of financial stocks has stopped for the time being. After JPM has now upped their offer for BSC to $10 from $2, most financials have rallied as indicated by the UYG:AMEX which tracks financial stocks.
Some new 52wk highs in the markets include WMT, BEAS, HCBK, GILD, NKE CSX, TJX and URBN.
The world’s largest processor of credit and debit cards sold 406 million shares at $44 apiece to easily eclipse the previous U.S. record IPO of $10.6 billion set by AT&T (NYSE:SBT) (NYSE:T) Wireless eight years ago.
The IPO price topped the range of $37 to $42 per share that Visa set three weeks ago just before […]
The next stock everybody is eying out as a disaster waiting to happen is Lehman Brothers (LEH message board).
From yahoo:
* Like Bear Stearns, Lehman is relatively small and undiversified.
* Like Bear Stearns, Lehman just reiterated that its “liquidity position is strong.”
* Like Bear Stearns, at least one of Lehman’s trading partners is cutting it off: […]
The fed and Ben Bernanke acting early this time instead of simply reacting. An injection of liquidity prompted a rally in the financial sector, some of todays big movers where banking stocks:
Amidst weaker broader markets, pockets of strength keep making themselves known, attracting the attention of more active traders looking for some upside in the sea of red.
Buying strong stocks in a weak market is a time tested strategy, here is a partial list of stocks showing good short term upside momentum:
AMAT - Applied Materials
GLD - […]
Some emerging debt funds are yielding very attractive dividends in this low interest rate environment.
PowerShares Emerging Markets Sovereign Debt Fund (AMEX: PCY)
Fidelity New Markets Income (FNMIX)
PIMCO Emerging Markets Bond (PEMDX)
Templeton Global Income (NYSE: GIM)
T. Rowe Price Emerging Bond Fund (PREMX)
Western Asset Emerging Markets Debt (NYSE: ESD)
PIMCO Commodities Real Return Fund (PCRDX)
With gold flirting with new highs, a number of new stocks making 52wk highs are mining companies:
AUY - YAMANA GOLD INC
GLD - streetTRACKS Gold
KGC - KINROSS GOLD CORP
CVA - Covanta Holding Cp
GDX - MKT VECT GOLD MNRS
USO - US OIL FUND ETF
AEM - AGNICO EAGLE MINES LTD
PHRM - PHARMION CP
BZP - BPZ Resources
CEF - Central […]
