Today in the market, Thursday May 22, 2008: After two down days, the market rebounded with a small gain. Crude oil retreated which the stock market took as good news. A gain is welcome. Let’s see how tomorrow plays out going into the Memorial Day weekend. As strong up day reveals the mood of market participants.
RSI’s Themes: Just one ETF pick today and it is a T-bond fund. RSI’s stock picks show a tilt towards foreign and natural resource companies. But we do have a brewing company! No CFK candidates.
ETF/CEF Low Volatility:
- SHV – iShares Lehman Short Treasury Bond Fund
Stocks Medium Volatility:
- ATU – Actuant Corp.
- BBL – BHP Billiton plc
- BHP – BHP Billiton Ltd.
- CLHB – Clean Harbors, Inc.
- LKQX – LKQ Corp.
- PDA – Perdigao S.A.
- RBA – Ritchie Bros Auctioneers
- TAP – Molson Coors Brewing Co.
- TNE – Tele Norte Leste Particip
- TTEK – Tetra Tech Inc.
Stocks High Volatility:
- AIXG – Aixtron Aktiengesellschaft
- RTP – Rio Tinto PLC
Stock Picks New to RSI:
AIXTRON Aktiengesellschaft manufactures and sells deposition equipment to the semiconductor industry. AIXTRON Aktiengesellschaft was founded in 1983 and is headquartered in Aachen, Germany.
BHP Billiton Plc, together with its subsidiaries, operates as a diversified natural resources company. The company was founded in 1860 and is based in London, the United Kingdom. BHP Billiton Plc operates as a subsidiary of BHP Billiton Group.
Clean Harbors, Inc., through its subsidiaries, provides environmental services in North America.
Molson Coors Brewing Company, through its subsidiaries, produces and sells beer and other beverages.
Special note:
Many of the stock selections are quite price extended, such as TTEK. Consider these stock picks as potential candidates and buy them on price weakness. Also do your own homework.
