Indices are down as US weaker data is taking centre stage.
Spanish bond auction went better than feared, yield around 5.74%
Housing, jobless claims were negative.
Internals are weak
Oil down 2 cents
Gold UP $1.70
Canadian $ Down 30 tick @ 100.60
VIX UP .27% @ 18.69
Portfolio is CNQ,COH,MS,RIMM,RVBD,ZNGA
Most stocks are down
@ 1.45, following are UP :
CNQ,MS,RIMM,RVBD,TUMI,FFIV,APKT,
VMW,GOOG,AMZN,JCP,MOS,FIO,CRM,
VECO,ARUN,GG,CCJ,MFC,AGU.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey guys,
I don't know when you all got so gloomy, but I'm still pretty constructive. Low energy prices and great cost management should really continue to drive earnings power for companies even in a sluggish growth environment. Couple this with low P/Es still, I don't see a reason to throw out many stocks here, but obviously select stocks will be better movers than the rest.
Overall, I am still constructive. I just see too many emerging market economies troughing rather than peaking like China, India, and Brazil which have been going through tightening phases for up to two years now. It might be a choppy period still while new growth initiatives take hold, but the stock market can discount quickly.
Just some of my thoughts...
Stocktrader
Hey guys,
To add more: I think the trading world is still a lot focused on AAPL to drive their "read" on the market. I personally think AAPL has specific challenges that the market is now pricing in.
To ignore the rest of the companies that are starting/resuming structural bull trends is short-sighted. Although I am not well-versed in cloud stocks which are obviously hot, I think one very new trend is chemicals. The earnings leverage these companies get from low natural gas prices is incredible. I love DOW and its kind here, and would be adding on any weakness.
There are also plenty of other industries that look great too, and starting/adding to positions there is wise I believe during any macro or AAPL-related pullbacks.
Stocktrader
Stocktrader
you may be real sorry
not to have gotten some apple!
It is a bell weather ---yes
but it is more than that
Just ask my daughter
She own all their products as I do
it is an echo system that can not be beet
Just look at the iPhone 5 phone coming right up.....
new iMac refresh in June with Ivy chip.
new iPad 3-just out and I love it...
the Apple tv due in September
I say you are right and not to own some apple is at your own pearl!
C
Post a Comment