chart15So Monday was a great start to the week with stocks generally lifting off after a brief open into negative territory. For the most part, no specific sector was a giant leader compared to the rest of the areas and I did not find something truly amazing to buy into and sell during my limited time. Its actually been a quiet couple of weeks, I know some of my loyal readers will remember days I was buying and selling stocks multiple times for days on end, but I knew those moments would slow down during the summer.

This is a short week ahead of the July 4th weekend, and volume was low on the markets also. I guess many are already checking out to vacation mode. A few of the leading stock gainers were Bank of America and Hewlett Packard, which I still own. I was thinking of unloading my shares last month but have just been watching the stock steadily gain.

A good stock to watch for a long is going to be Microsoft (MSFT) which analyst upgraded today on the belief that their new operating software, Windows 7 is going to sell well and become a widely accepted upgrade. The current price target has been upped from $22/share to $30/share.

Here is the market summary for Monday:

Looking at Tuesday:
Economic Indicators:
7:45AM Weekly retail sales
9:00AM S&P/Case-Schiller Home Price Index for April
9:45AM Chicago Purchasing Managers’ Survey Index for June
10:00AM: Consumer Confidence for June

News to Know:
Apollo Group Q3 results top Wall Street view. (APOL)

H&R Block 4Q Earnings Rise 30%. (HRB)

Tuesday, watch for the indicators to define direction in their respective sectors. Its really a light week as I said earlier and barring and bad news, there is not much chance for major movement on the markets.

Happy Investing!

Aman, MBA

Related posts:

  1. Week Ends Positive on Earnings, Will Rally Continue?
  2. DOW Ends Week Positive For 2009!
  3. Great Start to the Week!