The futures look a little weak but I don't really see any negative news that is out today. We have a little M&A action with Blackrock buying Blarclay's Global unit. We have some import and export pricing data coming out at 8:30a, as well as the big consumer sentiment number at 9:55a.
As for the month, we have 2 1/2 weeks left in June. I will be thinning alot of my positions between now and then but I believe many instiutional investors are waiting for the last minute, in terms of making purchases in the month of June. I am not too excited about July, unless this is a birth of the "new bull" and if that is the case, dow will print 10000, nasdaq 2300, and s&p 1100.
The bearish sentiment has came back but I believe one of the reasons is that they are trying to talk down the market, so they can buy the dip. I will look for investment opportunites that will benefit for the new and coming trends in the economy. I believe housing related stocks will go higher since housing is improving (not fully recovered). I own LOW but also like HD. I also like plays related to higher gas prices. Dollar stores and WMT will continue to thrive in my view as consumers will continue to stay frugal. The jobless recovery that we are in is a bit concerning and I believe "some" consumers will try to cut costs from higher gas prices. Lastly, I will buy an AG stock. The candidates include: IPI, POT, AGU, MON, MOS, CF, TRA and TNH. I am currently conducting a deep analysis on this sector, similar to ones I did on Commercial Real Estate, Semiconductors, and Shipping. I am not done yet but I am determined to make a killing on it. I will share some my findings soon.
No comments:
Post a Comment