Today in the market, Wednesday June 18, 2008: Stocks had another day of price slide. The major averages ended the day with a 1% decline. The impact of higher energy prices weigh on the market. When will it end? Who knows if ever energy prices abate?
RSI’s Themes: Only two stock picks today one in the consumer staples and one in the industrial sector. Not much of a theme but the picks look for a down day. No falling knife candidates today.
Stocks Medium Volatility:
- CHD – Church & Dwight Co, Inc.
- CVA – Covanta Holding Corp.
Stock Picks New to RSI:
- Church & Dwight Co., Inc., together with its subsidiaries, develops, manufactures, and markets a range of household, personal care, and specialty products under various brand names in the United States and internationally.
In spite of the selloff, the Way Ahead Portfolio was up 0.07% today. I know it is a tiny amount, but it wasn’t a loss.
