Today in the market, Wednesday May 28, 2008: Stocks ended modestly higher after spending most of the day underwater. The market was buoyed by good economic news as we continue to rise form the recent bear market bottom.
RSI’s Themes: There was only one ETF/CEF pick and it is in the energy sector. RSI’s stock picks are many with five new picks. A lot of names in the energy and materials sectors and many foreign companies too. Remember all the foreign companies mentioned on this blog trade on US exchanges.
ETF/CEF Medium Volatility:
IXC – iShares S&P Global Energy Sector Index Fund
Stocks Medium Volatility:
- APD – Air Products and Chemicals, Inc.
- ATR – Aptargroup, Inc.
- ATU – Actuant Corp.
- BBD – Banco Bradesco
- CAM – Cameron International Corp.
- CMI – Cummins Inc.
- ELP – Companhia Parana De Energ
- ESL – Esterline Tech Corp.
- GEF – Greif Bros. Corp.
- OI – Owens Illinois, Inc.
- RIG – Transocean, Inc.
- SBS – Companhia de Saneamento
- STRA – Strayer Education, Inc.
- UBB – Unibanco Uniao De Banco
- WMB – Williams Cos., Inc.
Stocks High Volatility:
- MON – Monsanto Co.
- MTL – Mechel Steel Group OAO
- SOHU – Sohu.com, Inc.
Stock Picks New to RSI:
- AptarGroup, Inc. designs, manufactures, and sells consumer product dispensing systems for the personal care, fragrance/cosmetic, pharmaceutical, household, and food/beverage markets.
- Companhia Paranaense de Energia, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the state of Parana, Brazil.
- Esterline Technologies Corporation provides engineered products and systems for aerospace and defense applications worldwide.
- Unibanco-Uniao de Bancos Brasileiros S.A. and its subsidiaries provide financial products and services to individual and corporate customers in Brazil.
- Sohu.com, Inc. provides a range of online products and services to consumers and businesses in the People’s Republic of China.
Interesting to note that three of these companies are foreign based, two in Brazil and one in China.
