The market is seeing some back and forth action as the
is once again attracting much of the buying from investors today. Let's take a look at the winners and losers.
are leading the way higher.
Analyst Upgrades Winners:
Illinois Tool Works
: Bonds doing well for a second consecutive week as interest rates dip again.
Fund managers are chasing the big winners --
Green Mountain Coffee Roasters
Earnings Losers: KB Home
-- fertilizer giant warned.
Downgrade Losers: Nike
Pulling back as
turns back lower.
: Plane order cancellation/deferment hurting shares today.
I am not seeing any clear plays unless one is willing to play a game of "chicken" with fund managers who are insisting to chase the usual momentum plays. You would need to be quick on profit-taking in order to ring the register with that strategy. Traders can choose to take a shot with any of the stocks highlighted above, but I would recommend that stops are used as a means of trading discipline.
I will continue to stalk the market tape and look for solid risk/reward opportunities. Nothing has really popped up for my liking so far. Friday afternoons are not usually the best time to go aggressively long or short the market, so any play would have to be worth the reward.
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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.