chartWhat a day. Markets fell across the board on surprise numbers in housing and now with earnings out on the stocks I was watching, its sheer sell offs. Its one of those market days where I wish I sold my holdings before the day began. Oh well. This is never a perfect science regardless of what some people might try to sell you. With the drop in housing numbers, many are casting doubt on the pace of the economic recovery. Tech, financial and material sectors were all down heavy which really took a beating on some of my holdings.

Here is the market summary for Wednesday:

In terms of sell-offs post earnings, here is a video clip of the stocks that fell apart today after the close. My solar watch just crumbled! Goodyear was down 18% during the day. Ugly.

Thursday the economic indicators to watch are the jobless and continuing claims. Both are expected to fall, but I am prepared to expect the opposite. Housing already pulled a fast one on Wednesday which not many anticipated.

A few stocks that I’m watching right now are:
Genworth (GNW), Micron (MU), Sprint (S), and MetroPCS (PCS) which are all getting analysts upside potentials of 40-80% gains. Of course, they could fall before moving up, but with buying on the pull backs and patience, these could add value to the portfolio.

Happy Investing!

Aman, MBA

Related posts:

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  2. Markets Fall at the End. Thank WFC.
  3. Markets Fall At End of Trading Day on Jobless Number Fears