After spending most of the day in the red, the market fights back to end flat. The Bulls overcame the Bears in today’s battle. RSI had only one “real” pick today and it was a single stock.
ETF/CEF
- none for today
STOCKS:
- GRMN – Garmin Ltd.
Garman, of course is the navigation device company. Certainly a popular technology making its way into all our lives. A technology growth industry with a good future.
Falling Knife:
- EVV – Eaton Vance Limited Duration Income Fund
- HGT – Hugoton Royalty Trust
EVV is a CEF and has good yield numbers, trades at a discount and has a decent expense ratio. HGT is as royalty trust that derives a 5.30% yield from income from natural gas production in the US. I would expect the yield to increase as the price of natural gas rises in the future. Both of these names have been beaten down and are candidates for bottom fishing. Remember CFK picks are not recommended.
