Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Wednesday, July 01, 2009
Stocks Higher into Final Hour on Lower Energy Prices, Stable Long-Term Rates
Today's Headlines
Bloomberg:
- President Barack Obama’s $12.8 trillion commitment to stimulate credit markets will ensure economic recovery in the US outpaces Europe’s “anemic” revival, according to Goldman Sachs Group Inc.(GS). A profit can be made from buying credit-default swaps on the Markit iTraxx Europe Index of 125 investment-grade companies and selling default protection on the Markit CDX North America Investment Grade Index, said Alberto Gallo, a credit strategist at Goldman. “US credit will outperform as Europe faces a deeper recession and more anemic recovery,” NY-based Gallo said.
Wall Street Journal:
NY Times:
- Bank Woes Deepening in Europe.
NY Post:
AppleInsider:
Washington Times:
DigiTimes:
Lusa:
Bear Radar
Style Underperformer:
Mid-cap Growth (+.42%)
Sector Underperformers:
Education (-2.08%), Biotech (-.47%) and Banks (-.25%)
Stocks Falling on Unusual Volume:
ADY, FSLR, MAR, HOT, MYGN, ACOR, LEAP, CBST, BOOM and ALXN
Stocks With Unusual Put Option Activity:
1) USU 2) KFT 3) SLM 4) OSK 5) NDAQ
Bull Radar
Style Outperformer:
Small-cap Value (+2.53%)
Sector Outperformers:
Airlines (+3.05%), Networking (+2.64%) and Restaurants (+2.44%)
Stocks Rising on Unusual Volume:
AIG, BLKB, KTC, FCX, BBL, E, PTR, IBKC, AMAG, FELE, FUQI, PRAA, SCHN, VECO, PWRD, RDEA, STEC, WERN, PLCE, CRMT, BIIB, CYOU, ADTN, HURN, ZRAN, CENT, UFCS, TPL, SNX, OSK, EVY, LNN, UNF, SNY, SWM, DTG, WHI, STZ, AXE, FCN and GIS
Stocks With Unusual Call Option Activity:
1) KLAC 2) NVLS 3) SLE 4) OSK 5) UTX
Links of Interest
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
IBD Breaking News
Movers & Shakers
Upgrades/Downgrades
In Play
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
Chart Toppers
Real-Time Intraday Quote/Chart
HFR Global Hedge Fund Indices