Indices recovering from early weakness. They are green.
S&P 500 @ 1594.33, high 1596.78... it should do more than breathing @ all time high of 1597.35 but take it out today.
Internals are positive.
Oil Down $1.11
Gold UP $4.60
Canadian $ UP 35 tick @ 99.27, GDP came in better than expected @ .3% growth.
VIX Down 1.24% @ 13.54
In my portfolio :
Bought AUY @ $11.70
Portfolio EBAY HMC JCP BBRY AUY
Exposure 90%
AUY reports late AH, expectation is Sales $564.56 million EPS 18 cents, guidance expected Sales $611.83 million EPS 18 cents.......AUY is among the fastest growing gold company & have low gold cost.....how they are adjusting to low Gold prices will be highlighted in this conference call @ 11 AM on Wed or earnings report. I do expect them to meet expectations considering everything in Gold market.
Most stocks are UP
@ 2.11 following are red :
EBAY HMC JCP AUY KOG RDN
MOS EXPE PCLN LEN BAC
TZA CF CMG M BIDU GG
JASO ZNGA MU SNDK
C MCD X STLD SLW
SPWR ECA MLNX
AGU....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Had a little cash left and put it to work in BTU @ 20.08 near close. Natural gas prices are strong enough that some utilities are indicating switching back to coal. Also, BTU could benefit from increased export demand as other world economies recover.
RDN reports before the bell tomorrow. If it is up a good amount, I'll probably take some profits.
Stocktrader
Hi Stocktrader,
Yes Nat Gas is @ high point in 2 years...Coal benefits when Nat Gas is moving up.
I like your strategy to book profit as a plan.
Good luck with BTU & RDN in AM.
Saleem
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