Monday, May 18, 2009
Good news coming across today. LOW had a great quarter and raised guidance. In addition banks seem to be pumping good news as well. BBT says that they just filed reports to repay tarp, as well as State Street. BAC got added to Goldman Sach's conviction buy list with a $15 price target. Also, keep an eye on semiconductors, big upgrades for TER, MRVL, and STM. I like USD for the long-term as a levered, broad play. India shot off huge last night with election of the new prime minister. The India market was up 17% last night (one-day) and was halted lolll. REDF and IFN are speculative plays but it's hard to tell if it's a one-time pump and dump. I'm mixed on the tape, if I had to buy anything, I would buy semiconductors, refiners, and XHB calls. Be back later
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