After the latest round of economic data and earnings from several financials, we wanted to share our outlook and also discuss two stocks that we are adding to our Watch List in the Stocks Under $10 model portfolio.
We cover stocks that are trading below $10 a share for TheStreet.com. We released much of this article yesterday to our subscribers of Stocks Under $10. (Click here for a free trial.)
Yesterday, the Federal Open Market Committee lowered the fed funds rate by 75 basis points to 2.25% -- which was 25 basis points fewer than what Wall Street was expecting. Earlier in the day, we saw Goldman Sachs(GS Quote) and Lehman(LEH Quote) report better-than-expected earnings and today Morgan Stanley(MS Quote) followed suit. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
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DOWN
18.90
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UP
0.38
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UP
9.22
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UP
0.48
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10 Yr
3.32%
SPDR Gold
119.18
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-0.18%
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+0.03%
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+0.42%
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+1.47%
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