Markets were waiting for economic news....which were strong as a whole....July factory orders were most encouraging...as it is not showing any impact of wall street blues......
Housing were better than 50% reduced expectations from a year ago.....expect a serious downturn in Aug,Sep & Oct numbers......which will get Fed blessing in rate cut.
RIMM got a "dont buy now...let it come in call yesterday from all knowing Jimmy the Cramer"...but but but......RIMM is GREEN 26 Cents......enough said !!!!!
My VMW is UP $1.69......Jimmy the Cramer also said it to sell @ $51.....as his target was $40..trading @ $71.89 11.05 AM......
NVT is also UP 66 Cents
CMED is UP 13 cents..reports Tue before open.......
STP is down 72 cents....
SNDK down 22 cents....
All I can say that doing your OWN DD gives you CONVICTION in good stocks.....do not look for CNBC pundits like Fast Money ,Mad Money.....they all talk LOUD with "no thought process & analytical skills left @ the DOOR of studio"
Other GREEN stocks which I monitor @ 11.14 are:
AAPL,BIDU,WYNN,WYN,VLO,LVS,VLO,SNDA,TTM.
Next time you want pay attention to Jimmy the Cramer...think of NYX...which he still insists is a great stock...and everybody got it WRONG except HIM.....and he is in 8 months of his stock of the year...another month and he will have a baby.......
Good luck on rest of this productive day $$$$$
BLOG does not give buy or sell.
Saleem
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