Its late Wednesday morning and I have been tracking the markets move lower from the open thanks to lower housing numbers for October. It seems that the markets did hit their low and are trying to push towards the opening levels at this hour. Retail stocks are posting earnings today and before the bell, BJ’s Wholesale (BJ) posted a 37% drop in revenue which were mostly in legal costs. The stock still was on par with expected earnings. After the close, Hot Topic(HOTT ), PetSmart(PETM), Limited(LTD) and Jack in the Box(JACK) will post their results.

Here are some analyst stock picks:

Some other market points right now:
Hershey is considering a bid for Cadbury
Goldman Sachs has launched a $500 million program to help prop small business
American Express has bought Revolution Money for $300 million
Gold has hit yet ANOTHER high. This commodity is on its on ride surrounded my a protective bubble. This is leaving the stock immune to traditional market influences.

those getting this email later today might consider this old news I apologize for the sporadic posts but have been working on a few projects am in Canada for a little mini vacation which a dearly need.

I am still watching (PCS) stock and trying to assess how many shares to buy at market and limit. With Sprint announcing its going to pay down its hefty debt, the telecom sector looks ripe for some money making. My (GNW) is slowly rising along with Patriot Coal which is strongly moving towards the upside on heaving expectation that coal is going to stick around for a long time as a viable energy source.

With Wal-Mart finally moving, I am finally going to be able to dump this stock along with some others that I have had for about a year (more or less) that can free up some assets so I can purchase yet another new construction condo in the Toronto area.

My first two I bought in the $190K range with 25% down on each, both are being listed at worth $220K each and have not been built yet. Basically, on my investment, I am up 50% with still more upside once the properties are fully built. Talk about easy income potential.

Happy Investing!

Aman, MBA

Related posts:

  1. Credit Concerns Drag Markets Lower Wednesday Wednesday looked to be a continuation of the Tuesday...
  2. Weakness leads markets lower, RIMM takes a beating. I cannot recall a three-peat session in the red...
  3. New 52wk High for VVTV Shares, Markets End Slightly Lower Today was a great day for some who play...