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 Midday Update

The market has been unable to take advantage of another series of analyst upgrades this morning. Let's take a look at what traders should be keeping an eye on.


Analyst Upgrades: Yahoo (YHOO), Stanley Works (SWK - Get Report), Apple (AAPL - Get Report), and Google (GOOG - Get Report) are holding up the best after this mornings ratings boost.

Ultrashorts: I am a little bit surprised at how well the SRS, SKF, and DUG plays are performing so far today. It may make sense to prepare to take a "taste" on the long side once again if someone wants to try a quick intraday Friday move here.

Transports: Mild gains in the sector with FedEx (FDX - Get Report) a key name to watch here.

Treasuries (TLT): Appears to be another week of gains for bonds as the "flight to safety" trade continues.


Exchange Plays: Intercontinental Exchange (ICE - Get Report) and CME Group (CME - Get Report) are near the lows of the week.

Earnings Losers: Shaw Group (SGR) and Chevron (CVX - Get Report) are lower after last night's reports.

Oil (USO): No help from the news on Chevron, as other big names are going lower. BP plc (BP) and Exxon Mobil (XOM) are also caught up in the downdraft.

Financials: JP Morgan Chase (JPM), Bank of America (BAC) and State Street (STT) are taking a hit so far.

Commodity Plays: Wakness has resumed for shares of Potash (POT), U.S. Steel (X), and Monsanto (MON).


Unless things turn around this afternoon, it looks like the market will be going into the start of earnings season on a down note. I am waiting to see what trades pop up, but the bias right now has to remain on the short side, unless we get a tremendous oversold situation. The exchange plays mentioned above may be headed in that direction, but are not there yet. I would prefer to see a close or two off the bottom.
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Visit for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
USO $11.04 -2.30%
AAPL $93.66 -0.09%
CME $93.63 1.90%
CVX $103.32 1.10%
FDX $167.58 1.50%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs