RtS, As usual, nice documentation of the factors moving the market this morning. All entities took advantage of the weekend to get their "ducks lined up in a row" to make sure the market got a good start for the week.
Here are some other "snips" from Briefing.com's Stock Ticker page this morning.
<Once again, the technology stocks are leading the action, their advance supported by a number of analyst upgrades... Specifically, CSFB upgraded IBM (IBM 88.35 +1.40) to Outperform from Neutral citing the company as the ideal late-cycle tech spending recovery play due to the complexion of its installed base, and Fulcrum upgraded Oracle (ORCL 13.26 +0.18) to Buy from Neutral based on its belief that the software maker will deliver solid Q1 (Aug) results...>
<Analysts have done their part to keep the rally going strong, upgrading a number of stocks/sectors that have already enjoyed substantial runs year-to-date... Smith Barney, for instance, raised its view of the Semiconductor Equipment sector to Overweight from Market-Weight, saying recent evidence has indicated that an acceleration of industry fundamentals is looming...>
And we even have Osama bin Laden contributing his part this morning.:)
<Additionally, reports that the hunt for Osama bin Laden has been narrowed to a 40-square-mile section of the Waziristan region of Pakistan have acted as a supportive factor to the bullish tone...>
Now you will have to admit, that's pulling out all the stops(firing a big silver bullet) to even pull Osama into pushing up the market on a bright Monday morning. What will they think of next?:)
Don |
