This Day On The Street
Continue to site
ADVERTISEMENT
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

Dividend.com: Midday Update

The markets are starting to catch fire after the slow start at the open. Fund managers squeeze in some last-minute buying as the quarter wraps up tomorrow. Let's take a look at what is working and not working so far.

Bullish

Analyst Upgrades: Big winners today include SLM Corp (SLM), TRW Automotive (TRW), and KB Home (KBH - Get Report), all of which saw Wall Street analysts boosting their outlooks.

Oil (USO): Prices are holding gains so far as the Honduras crisis plays out.

Potash (POT - Get Report): Bouncing back after a tough week last week.

Sears Holding (SHLD): Retailer is getting some of its momentum back today.

High-Beta Plays: Intercontinental Exchange (ICE) and Intuitive Surgical (ISRG) leading the pack.

Goldman Sachs (GS - Get Report): Leading the mild rally in the financials.

Fuqui International (FUQI): Breaking out to new 52-week highs.

Engineering Plays: Shaw Group (SGR) and Fluor (FLR - Get Report) are seeing good action early.

Bearish

China-Based Beta Plays: Changeyou.com (CYOU), Shanda Interactive (SNDA), Perfect World (PWRD), and Netease.com (NTES) are all pulling sharply today.

Citigroup (C): Struggling to hold the $3 level.

Biogen Idec (BIIB): Shares are nearly 7% lower after company reported 10th case of PLM Brain infection.

Watson Wyatt Worldwide, Inc. (WW): Shares are down nearly 8% following merger announcement with Towers Perrin.

I would keep an eye on today's winners and be very nimble if you decide to play the buy high/sell higher game today. I think there are profits to be had looking at the recent 52-week high list for that. We have highlighted plenty of well-performing plays in this past weekend's posts.

Oil (USO) is a big mover to the upside after news of the Honduras uprising this weekend rattled energy prices. Gold (GLD) is pulling back a touch this morning, not seeing any effect. Treasuries (TLT) are trading slightly off earlier highs in the session. If anyone was still holding Shanda Interactive from last week's call, your stops should have been hit this morning as the stock pulled back.

1 of 2

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!
SYM TRADE IT LAST %CHG
FLR $59.52 0.00%
GS $197.35 0.00%
KBH $15.63 0.00%
POT $32.71 0.00%
SLM $9.49 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs