On Sept. 11 I wrote Energy Stocks Outperforming Crude Oil where I explained the tug of war between the anticipation of QE3 vs. the slowing global economy.Today I update the profiles for some of the stocks shown in these two posts.
Stocks creep into the green Thursday afternoon after positive earnings help to offset a slump in crude oil prices and a decline in energy names.
The dynamics among the 11 S&P 500 sector ETFs make investment strategies difficult to judge. You can't be bullish with energy negative, but bulls control 7 of the 11 sectors.
Earlier market optimism faded as Wednesday wore on and a financials rally gave way to a selloff in Dow Jones Industrial Average component IBM and energy shares.