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

[video] Quick Take: China Makes Comeback; DJIA Changes

NEW YORK ( TheStreet) -- Changing index components, Chinese data and geopolitical news from Syria are all under the microscope this Tuesday. Breaking it down is TheStreet's Brittany Umar and Brian Jacobsen, chief portfolio strategist of Wells Fargo Funds Management.

With better-than-expected news out of China last night, it would appear as though a hard landing is off the table, Jacobsen said, who now expects 7% to 7.5% GDP growth.

Goldman Sachs (GS - Get Report), Visa (V - Get Report) and Nike (NKE - Get Report) will replace Hewlett-Packard (HPQ - Get Report), Bank of America (BAC - Get Report) and Alcoa (AA - Get Report) in the Dow Jones Industrial Average.

Jacobsen said this won't have a very big effect, since most portfolio managers do not track their performance to the Dow index. However, it will obviously be good for the stocks being added and bad for those being removed.

Finally, Syria continues to remain in the headlines, but Jacobsen suggested that most of the news is already priced into the stock market and that it would be surprising if there wasn't military action.

He concluded that a peaceful resolution will more than likely provide a relief rally.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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
AA $11.18 0.22%
BAC $14.55 -1.60%
GS $164.05 -0.15%
HPQ $12.27 -2.40%
NKE $58.95 0.70%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs