From Beefing.com HE IS SPOT ON every single one of the below stocks could be chosen to build a portfolio around. All we need now is good numbers. I afraid if we don't get them we are going to drop hard, so it's prudent to be late at this time if you haven't already bought the break outs.
General Commentary
Techs staged a late day rally, led by the fiber-optic, networking, storage, B2B and the telecom equipment groups... Ability of the sector to bounce back after a couple days of backing and filling lends credence to Briefing.com view that sector has turned the corner and is preparing for next leg of rally... Before buyers move in aggressively, however, they will want to be convinced that Fed is done raising rates - at least for awhile. Consequently, this morning's CPI data could prove pivotal... If the report comes in weaker than expected, keeping with the recent trend in the data, then techs and the rest of the market should build on yesterday's gains... Stocks such as BroadVision (BVSN 52 +3), Nortel Networks (NT 63 1/4 +2 3/4), JDS Uniphase (JDSU 121 3/8 +5 13/16), Brocade (BRCD 145 3/4 +11 7/16), Network Appliance (NTAP 86 1/16 +7 7/8), Altera (ALTR 110 3/8 +6 3/8), Scientific-Atlanta (SFA 68 5/16), EMC (EMC 71 +2), Intel (INTC 131 1/2 +6 7/16), Corning (GLW 248 +15) and PMC-Sierra (PMCS 189 11/16 +4 13/16), which held above trend supports and bounced back smartly, are well-positioned to lead the advance |
