The markets are starting to catch fire after the slow start at the open. Fund managers squeeze in some last-minute buying as the quarter wraps up tomorrow. Let's take a look at what is working and not working so far.
: Big winners today include
, all of which saw Wall Street analysts boosting their outlooks.
: Prices are holding gains so far as the Honduras crisis plays out.
: Bouncing back after a tough week last week.
: Retailer is getting some of its momentum back today.
leading the pack.
: Leading the mild rally in the financials.
: Breaking out to new 52-week highs.
are seeing good action early.
China-Based Beta Plays
are all pulling sharply today.
: Struggling to hold the $3 level.
: Shares are nearly 7% lower after company reported 10th case of PLM Brain infection.
Watson Wyatt Worldwide, Inc.
: Shares are down nearly 8% following merger announcement with Towers Perrin.
I would keep an eye on today's winners and be very nimble if you decide to play the buy high/sell higher game today. I think there are profits to be had looking at the recent 52-week high list for that. We have highlighted plenty of well-performing plays in this past weekend's posts.
is a big mover to the upside after news of the Honduras uprising this weekend rattled energy prices.
is pulling back a touch this morning, not seeing any effect.
are trading slightly off earlier highs in the session. If anyone was still holding Shanda Interactive from last week's call, your stops should have been hit this morning as the stock pulled back.
My advice to avoid the short side these last few trading days has been the right call as we still are not seeing much of a let-up as far as June quarter-end fund buying goes.
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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.