The market is trading higher in the afternoon reversing yesterday's sell-off. The strength was contributed to the lower than expected core PPI (excluding food and energy). The key for next week is watch the CPI number before open on Monday. I believe the strength of the market is still there. Also avoid risky and speculative stocks like (DNDN). (DNDN) was mentioned a few days before the crash. These stocks are harmful to your profolios. Stay with the bigger market cap companies, over 1 billion dollars. Stocks such as (FWLT), (MDR), (BWLD), and (CROX) are the stocks to accumulate.
Stocks On the Move:
(FWLT) - continues its up march.
(VSR) - continue from yesterday uproar. It is a small cap but with a lot of strength. I have placed a small bet on this one.
(LFC), (SNP), (GSH) - China related stocks are mostly up on the day.
(IDSA) - up on no news.
No comments:
Post a Comment