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 Quote), TRW Automotive(TRW Quote), and KB Home(KBH Quote), all of which saw Wall Street analysts boosting their outlooks. Oil(USO Quote): Prices are holding gains so far as the Honduras crisis plays out. Potash(POT Quote): Bouncing back after a tough week last week. Sears Holding(SHLD Quote): Retailer is getting some of its momentum back today. High-Beta Plays: Intercontinental Exchange(ICE Quote) and Intuitive Surgical(ISRG Quote) leading the pack. Goldman Sachs(GS Quote): Leading the mild rally in the financials. Fuqui International(FUQI Quote): Breaking out to new 52-week highs. Engineering Plays: Shaw Group(SGR Quote) and Fluor(FLR Quote) are seeing good action early.Bearish
China-Based Beta Plays: Changeyou.com(CYOU Quote), Shanda Interactive(SNDA Quote), Perfect World (PWRD Quote), and Netease.com(NTES Quote) are all pulling sharply today. Citigroup(C Quote): Struggling to hold the $3 level. Biogen Idec(BIIB Quote): Shares are nearly 7% lower after company reported 10th case of PLM Brain infection. Watson Wyatt Worldwide, Inc.(WW Quote): 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 Quote) is a big mover to the upside after news of the Honduras uprising this weekend rattled energy prices. Gold(GLD Quote) is pulling back a touch this morning, not seeing any effect. Treasuries(TLT Quote) 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.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
Oil *
76.05
|
|
UP
17.46
|
UP
2.67
|
UP
7.12
|
DOWN
0.30
|
10 Yr
3.50%
SPDR Gold
107.43
|
|
+0.17%
|
+0.25%
|
+0.34%
|
-0.85%
|
Data delayed 20 minutes |














