Great day for "street beaters" MOVA,CKR,TJX,BKE,OFIS,DI,LIT,REMC,LOW, RY,RHR, and others: GPS,ABS,DH,HD,NMG,SKS
TECD should do well tomorrow as earnings were 4 cents above estimates. CU had fantastic earnings but 1 cent below estimates caused the stock to dive down -1/16... earnings 04 cents to 23 cents should be good enough.
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Buys today were in: OCLI, ACTN, BBY, CDG, SLB, WII
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What I do is keep the earners that beat the street in a 'watch list' so I can rebuy them at the first sign of strength. They are usually in the preferred sectors (i.e. pharmaceuticals, retailers, financial services, banks...some techs)
I also added some oils this morning since they were strong from the beginning. Whenever there is strength in the sector, I always look for the sector leaders, especially those I've held before that have beat the street and subsequently made new highs. This DOES NOT hold true for the technology stocks, which is why the rules change for them. For the techs, the favored sector is not quite enough you have to have search this sector on a company by company basis. |
