Positive Start to Week
filed in My Investments on Jun.29, 2009
So 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
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June 30th, 2009 on 3:25 am
Hi Amen, did you sell your vvtv already or are you stilling holding it? Just curious
[Reply]
Aman@BullsBattleBears Reply:
July 1st, 2009 at 8:24 pm
Yes, still holding. I have faith that the stock will pull up above $2.10 again and know current declines are from profit taking. Many people I know sold at the $2.10 range. I have a wide stop loss at $1.75 just to keep on the safe side.
[Reply]