This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Forget China, Bonds Spook Stocks

"I'm not saying 'run to the hills,' but sell at the sound of trumpets -- I'm hearing a lot of trumpets," Cody Willard of CL Willard Capital tells Aaron Task on Tuesday's "The Real Story" podcast . "Take something off the table. This may be as good as it gets."

Willard, a longtime contributor to, says he recently sold shares of Cisco (CSCO - Get Report) after its big run -- and heavy insider selling , Task notes -- as well as buying puts on Apple (AAPL - Get Report) to protect big gains in that stock.

Both Cisco and Apple were winners again Tuesday, as were Google (GOOG) and (AMZN - Get Report) amid a subtle shift back into big-cap tech names, Task says.

This rally is coming as evidence mounts the economy is recovering -- Tuesday's stronger-than-expected ISM Services report being the latest -- and the Federal Reserve is not going to cut rates anytime soon.

That combination has weighed on Treasury prices, sending yields to their highest levels since August 2006. Rising yields do present competition for stocks -- especially dividend payers like Altria (MO), Apartment Investment & Management (AIV) and Exelon (EXC) -- but yields are not yet high enough to truly threaten the bull market, Task says.

In the remainder of the podcast, Task discusses the day's corporate news, including:

  • M&A activity involving Avaya (AV) and Amgen (AMGN - Get Report), and a "no deal" deal for Openwave Systems (OPWN);
  • Warnings by retailers Bed Bath & Beyond (BBBY - Get Report) and Cache (CACH), and kitchen cabinet maker American Woodmark (AMWD), which all fell into "the Geoff Tate Zone";
  • Weakness in small-cap biotechs Telik (TELK) and Inovio Biomedical (INO) after separate clinical setbacks, and big-caps DuPont (DD) and General Mills (GIS) after separate sell-side downgrades.
  • Click here to listen to the entire podcast.

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
    Submit an article to us!
    TELK $2.75 -8.33%
    AAPL $132.90 2.00%
    AMZN $445.00 -0.02%
    AMGN $166.64 -0.76%
    BBBY $72.73 0.28%


    DOW 18,149.54 +69.40 0.38%
    S&P 500 2,121.66 +3.97 0.19%
    NASDAQ 5,106.4180 +14.3330 0.28%

    Partners Compare Online Brokers

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs