This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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) after its big run -- and heavy insider selling , Task notes -- as well as buying puts on Apple (AAPL) to protect big gains in that stock.

Both Cisco and Apple were winners again Tuesday, as were Google (GOOG) and (AMZN) 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), and a "no deal" deal for Openwave Systems (OPWN);
  • Warnings by retailers Bed Bath & Beyond (BBBY) 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.

    Select the service that is right for you!

    Action Alerts PLUS
    Try it NOW

    Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    • Weekly roundups
    TheStreet Quant Ratings
    Try it NOW
    Only $49.95/yr

    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
    • Upgrade/downgrade alerts
    Stocks Under $10
    Try it NOW

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

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    • Weekly roundups
    Dividend Stock Advisor
    Try it NOW

    Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Alerts when market news affect the portfolio
    • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
    Real Money Pro
    Try it NOW

    All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

    Product Features:
    • Real Money + Doug Kass Plus 15 more Wall Street Pros
    • Intraday commentary & news
    • Ultra-actionable trading ideas
    Options Profits
    Try it NOW

    Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

    Product Features:
    • 100+ monthly options trading ideas
    • Actionable options commentary & news
    • Real-time trading community
    • Options TV
    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!


    DOW 17,804.80 +26.65 0.15%
    S&P 500 2,070.65 +9.42 0.46%
    NASDAQ 4,765.38 +16.9840 0.36%

    Brokerage Partners

    Rates from

    • Mortgage
    • Credit Cards
    • Auto

    Free Newsletters from TheStreet

    My Subscriptions:

    After the Bell

    Before the Bell

    Booyah! Newsletter

    Midday Bell

    TheStreet Top 10 Stories

    Winners & Losers

    Register for Newsletters
    Top Rated Stocks Top Rated Funds Top Rated ETFs