Just like seemingly every other day this year, the market is spending some time with the Nazz in the green and the DJIA and S&P 500 in the red. Oil stocks are getting sold once again; tech is the only sector with a steady bid.
That's been a bankable, tradeable trend for the past few weeks. I don't think we should anticipate an end to that trend, but rather trade it while it still exists. I'm a buyer of tech.
In that vein, I noted Sun Micro's (SUNW - commentary - Cramer's Take) recent strength and am now requesting a bunch of reports in that name to read through. Has the turn there finally come? I'll let you know if and when I do anything.
We just had a great chuckle in my office as we talked for the 19th time today about how cool Apple's (AAPL - commentary - Cramer's Take) iPhone is, and one of my associates, Matt, picked up the brown Microsoft (MSFT - commentary - Cramer's Take) Zune in the middle of one of my sentences. Anybody want to guess how much a Zune will be retailing for in six months? My best guess is $99. What a joke the Zune instantly became yesterday.
At the time of publication, the firm in which Willard is a partner was net long Apple and Microsoft, although positions can change at any time and without notice.
P.S. Will you be there when Cramer makes his next move?
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Cody Willard Blog Putting Money to Work 1/10/2007 10:56 AM EST Here's what I'm nibbling at this morning.
Cody Willard Blog Another Apple Day 1/10/2007 9:14 AM EST The only safe sector seems to be tech.
Cody Willard Blog Misplaced MacWorld Pessimism 1/9/2007 4:29 PM EST Apple certainly helped the day end well, but the rally was broader than that.
Cody Willard is the manager of CL Willard Capital Management, LLC. He is a regular guest on Fox News, CNBC and other networks, and he writes a monthly column for the Financial Times. He is also an adjunct professor at Seton Hall University and the author of TheCodyReport.net, a monthly stock market newsletter. Willard appreciates your feedback -- click here to send him an email.
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