Dividend.com: Midday Update

Bullish themes include treasuries, transports and ultrashort plays.
Author:
Publish date:

The markets are mixed today, with just the

Nasdaq

poking its head into positive territory right now. Let's take a look at what is working and what is not.

Bullish

Treasuries

(TLT) - Get Report

: Bonds are rallying for a fourth day in a row. Not sure if this can last.

Goldman Sachs

(GS) - Get Report

: Leading the financials higher.

Transports

: The index is higher with

Union Pacific

(UNP) - Get Report

and

Continental Airlines

(CAL) - Get Report

higher on the day.

STEC

(STEC)

: Recent highflier is hitting new highs after the data storage play raised guidance this morning.

Upgrades

: Lots of Wall Street upgrades from this morning helping shares of

IBM Corp

(IBM) - Get Report

,

Microsoft

(MSFT) - Get Report

,

Magna International

(MGA) - Get Report

and

Amgen

(AMGN) - Get Report

.

Nucor

(NUE) - Get Report

: Shares are rising after the steelmaker said losses would be less than expected.

Oil

(USO) - Get Report

and

Gold

(GLD) - Get Report

are both rebounding today, but off earlier highs.

Bearish

Visa

(V) - Get Report

: Credit card processor is down and has been lagging the last three trading days.

Best Buy

(BBY) - Get Report

: Trading down after disappointing earnings results.

Genzyme

(GENZ)

: Biotech play is near five-year lows after shutting a production facility due to a virus.

Commodity Stocks

:

BHP Billiton

(BHP) - Get Report

and

Potash

(POT)

are leading to the downside as commodity plays lose the early pop.

Keep an eye on the

the ultrashort plays we mentioned yesterday

,

UltraShort Financials ProShares

(SKF) - Get Report

and

UltraShort Real Estate ProShares

(SRS) - Get Report

. They may be good options to add to long positions we talked about Monday. Keep your stops in place and stay disciplined.

Be sure to visit our complete

recommended list of the Best Dividend Stocks

as well as a

detailed explanation of our ratings system

.

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 Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.