If there has been one trading theme that has dominated the first half of the first trading month of the year, that theme is “buying banks.” And while market pundits and prognosticators argued over the merits of a rally in a sector that most people had left for dead months ago, traders and active investors who remained focused on the data rather than the debating points were able to sell strength in the banks as stocks in that sector began roll over late last week…
Read More: http://bit.ly/w2J2lg
Shares of Helen of Troy Ltd. (NASDAQ: HELE) pulled back by more than 1% on Friday to finish lower for five out of the past six trading days. The stock began the session already at “consider buying” levels with an 8 out of 10 rating. But the renewed selling on the final trading day of the week helped the stock earn a one-point upgrade to 9 out of 10, a rating that could climb even further if sellers return next week to take HELE to new, short-term lows….
Read More: http://bit.ly/yL5tfI
This week will see a good number of companies coming out with their Q3 financial results. TCS (January 17), Jindal Steel (January 18), HDFC Bank, Bajaj Auto, Hero Moto Corp and SKS Micro (January 19), Wipro, ITC, Reliance Industries and Jet Airways (January 20) are announcing their October-December quarter financial performance. With the Street not enthused by last week’s announcements of Infosys and HDFC, it is to be seen whether these companies would be able to beat market expectations and turn the sentiment….
Read More: http://bit.ly/zyMiCH
With the stock market continuing to have an upward bias, those few markets that have become especially undervalued tend to stick out. And while both utilities and consumer staples have underperformed as sectors in recent days, the common denominator may be something as simple as dividends and the art of playing defense….
Read More: http://bit.ly/wVnTrg
The rally in financials has been the story of 2012, so far. And the next chapter in that tale will show us just how much money was spent chasing bank stocks higher over the past few days. With earnings announcements from Citigroup and Wells Fargo (NYSE: WFC) on Tuesday, US Bancorp (NYSE: USB) reporting Wednesday, and Bank of America scheduled to make their quarterly announcement on Thursday, there are plenty of catalysts for traders and investors alike who may be inclined to sell any news from this overbought sector, regardless of what that news is….
Read More: http://bit.ly/ynk2Ni
While Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE) were making their presences known at the CES (Consumer Electronics Show), and Apple (NASDAQ: AAPL) continues to impress, many market pundits and observers spent the first half of the week all but heralding the death of Android. Fittingly, shares of Google (NASDAQ: GOOG) were in pullback mode, selling off for three days in a row, and trading within a dollar or two of making it four in a row on Tuesday. The stock has since been trading sideways after the initial pullback dropped GOOG into technically oversold territory for the first time since late November….
Read More: http://bit.ly/z8x8LW
The conventional wisdom on industrial metals like steel and iron is that companies operating in this space will see share price appreciation to the extent that China keeps booming. And there’s no doubt that concerns over whether a cooling economy in China will lead to a hard landing or a soft landing have helped keep buyers on the sidelines in stocks like Nucor Corp (NYSE: NUE) and U.S. Steel (NYSE: X) since the spring….
Read More: http://bit.ly/xSqi8F
The big rumor in the tranportation sector was a potential acquisition of AMR Corporation, parent company of American Airlines, by either Delta Airlines (NYSE: DAL) or US Airways (NYSE: LCC). But short-term traders interested in a far less intense engagement with the airlines industry may prefer to focus on a pair of airlines stocks that have moved to “potential acquisition” levels in the short-term….
Read More: http://bit.ly/yaW2Mc
For some investors, middle cap stocks represent a sweet spot between the security and relatively low volatility of large cap stocks and the growth potential of small caps. When it comes to short-term trading, many of these mid cap stocks provide the same value, allowing traders and more active investors to trade stocks that are often more stable than the small caps, but still have the ability to “zip” like lower cap stocks have a tendency to do….
Read More: http://bit.ly/ymIV59
Better-than-expected results by IT bellwether Infosys (which posted a 11 per cent increase in net profit to touch Rs 1,906 crore in Q2 FY12), overshadowed disappointing IIP numbers and took the Indian benchmark indices, the Sensex and the Nifty, over 2.5 per cent up on Wednesday.The Sensex was up 2.55 per cent or 421.92 points and closed at 16,958.39 while the Nifty was also up 2.51 per cent or 125.05 points and closed at 5,099.40….
Read More: http://bit.ly/nUKSp6
