Today in the market, Thursday February 21, 2008: The market players were scarred off by weak economic data and the market sold off. The S&P and NASD both were down more than one percent. This reaction has happened often in the past few months and I sense that we will see more of these days. Hang in there, the bulls may still run again.
RSI’s Themes: Since there are no ETF/CEF picks today there are no sector themes. The stocks picks are from various sectors and a few are foreign based. There are still strong stocks out there in the universe.
Stocks Medium Volatility:
- ABN – ABN Amro Hldgs N V
- ANSS – ANSYS, Inc.
- IDC – Interactive Data Corp.
- TNE – Tele Norte Leste Particip
- WBD – Wimm-Bill-Dann Foods
- WFR – MEMC Electronic Materials
Stocks High Volatility:
- JEC – Jacobs Engineering Group Inc.
There are some strong stock selections here. Many have come off recent highs. We have two new stock picks today:
ABN AMRO Holding N.V., An Amsterdam based company, provides a range of banking products and financial services to consumer and commercial clients worldwide.
Wimm-Bill-Dann Foods OJSC manufactures food products in Russia. It is based in Moscow.
Three of the stock choices are foreign based and this continues RSI’s foreign stock and fund bias.
This weekend I heard an interview of Mark Hulbert. He reported that the best newsletters for the past ten years are all still bullish. This is a telling metric.
February 21, 2008 at 11:24 pm |
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