Today in the market, April 1, 2008: The markets digested all the economic news and ignoring April Fools Day ended up sharply higher. All the major averages were over 3 1/2% higher. A great start to the second quarter of the year.
RSI’s Themes: The ETF/CEF picks favor materials, energy, real assets and foreign. The stock picks include many foreign (especially China), healthcare, energy and industrials. I get a strong sense that not only have we put in the bottom, but RSI is showing us the path to future prosperous investments.
ETF/CEF Low Volatility:
- ACG – AllianceBernstein Income Fund, Inc. (not recommended, high expenses)
- IYM – Basic Matls iShares
ETF/CEF Medium Volatility:
- BCF – BlackRock Real Asset Equity Trust
- BGR – Blackrock Global Energy and Resources Trust
- EWZ – Brazil iShares
- SLX – Market Vectors Steel
Stocks Medium Volatility:
- ACV – Alberto Culver Co. – Cl B
- AKS – AKSteel Holding Corp.
- CHU – China Unicom Ltd.
- CPL – CPFL Energia SA
- CVA – Covanta Holding Corp.
- FMC – FMC Corp.
- GGB – Gerdau Usa
- GTLS – Chart Industries Inc.
- HLF – Herbalife Ltd.
- ITG – Investment Technology Group
- RTN – Raytheon
- SPW – SPX Corp.
- SVR – Syniverse Holdings Inc.
- TECH – Techne Corp.
- TEVA – Teva Pharmaceutical Industries Ltd.
- VCP – Votorantim Cel E Papel Or
Stocks High Volatility:
- BMRN – BioMarin Pharmaceutical, Inc.
- CLF – Cleveland Cliffs, Inc.
- CMED – China Medical Technologies Inc
- OI -Owens Illinois, Inc.
- SGY – Stone Energy Corp.
Many new names on these two lists:
Alberto-Culver Company engages in the development, manufacture, distribution, and marketing of beauty care, house hold, health care, and hair care products in the United States and internationally.
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services in the United States, Europe, and Asia. It develops, owns, and operates infrastructure for the conversion of energy-from-waste, waste disposal, and renewable energy production.
SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services in the United States and internationally.
Teva Pharmaceutical Industries Limited develops, manufactures, and markets generic and human pharmaceuticals, as well as active pharmaceutical ingredients (APIs) in North America, Europe, Latin America, Asia, and Israel.
Votorantim Celulose e Papel S.A. and its subsidiaries manufacture and market pulp and paper products in North America, Latin America, Europe, and Asia/the Middle East/Oceania/Africa.
Stone Energy Corporation engages in the acquisition, exploration, development, operation, and production of oil and gas properties located in the Gulf of Mexico, the Rocky Mountain Basins, and the Williston Basin in the United States.
With this renewed enthusiasm in the equities, I will be studying RSI’s recommended ETF/CEF picks and will be placing some orders for the hypothetical “Way Ahead” portfolio. I’ll add them to this blog prior to tomorrow’s market opening.
