Today in the market, Friday March 28, 2008: Unlike last week, the market ended the week on a down note. Consumer worries weighed on the market. Overall the week change was slightly positive.
RSI’s Themes: With no ETF/CEF picks it is tough to discern any themes. As was the situation yesterday, the few stock picks didn’t give a clear thematic vision. I guess it is punt (as in football) time.
Stocks Medium Volatility:
- BTM – Brasil Telecom SA
- DCOM – Dime Community Bancshares, Inc.
- GBN – Great Basin Gold Ltd.
- TNE – Tele Norte Leste Particip
We have only one name on the medium volatility list, new to RSI that is:
Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh, which provides financial services in the United States. It pays a 3.40% yield which is getting competitive with CD rates. Does this pick portend that there is hope in the banking sector?
Stocks High Volatility:
- CALM – Cal-Maine Foods, Inc.
- CLF – Cleveland Cliffs, Inc.
- PCLN – priceline.com Inc.
Bottom line is that all the stock picks have done well this year and are bucking the market trend. That is what RSI is all about.
