Yucky Friday in the market. Yucky week, really. I just heard someone say that we’re going to close down everyday this week. Kinda difficult to believe as the trading has been pretty even.
In any event, here are a few stocks that I think deserve to be up or to be up higher today. Not recommendations, just my opinion.
ISRG
GOOG
GILD
MR
MCD
A while back I posted a stock watch for Intel Corporation (NASDAQ: INTC). I saw what was looking to be a really nice cup and handle base forming along with some positive technical indicators. I was looking for a $26.50 buy point on volume, but it never hit off.
I finally invested money into Intel today in anticipation of upcoming earnings. I for a long time have believed that INTC will be providing us with a nice surprised this quarter and I know many analysts share this view. They have been running a pretty tight ship and really benefiting from the idiots at AMD and this will finally start to show. I think we will see a little run up begin either toward the end of this week or Monday. I will either go long or sell into the earnings trading Wednesday based on what I see in the numbers.
Disclaimer:
I bought 10 $27.50 call contracts for Jan 2008.
There were a ton of haters out there when I did some 13-F analysis of stock holdings and noted a pretty strong movement into Yum Brands (NYSE: YUM) and no movement out last quarter. Admittedly, the stock languished and sank, but if you held on, it will pay dividends. If you bought in right at the close on the day I posted, you probably paid around $33.75. Today, YUM closed at $36.29, up about 7.5% in the past 3 months. Hopefully, with just reported earnings that killed it, YUM will open above $37 tomorrow and hit $40 by the end of the year for a 6-month return of around 20%.