Weekly Investment Newsletter, April 16
The Week Ahead: Takeovers on Wall Street continue to spark rallies in the market with the latest buyout of Double Click by Google Inc. Consumer sentiment and expectations on the other hand continue to slide. Watch March retail sales and February business inventories on Monday. The CPI, housing starts, and industrial production numbers will be closely watched on Tuesday. Crude oil and gasoline inventories are delivered on Wednesday while the jobless claims figures and March leading economic indicators are due out on Thursday.
Stocks to Watch: Shares of SLM Corp. (SLM) jumped after reported talks with private equity firms regarding its acquisition and possible suitor with the Blackstone Group. Cott Corp. (COT) is weighing business options with interested parties possibly joining operations with Cadbury-Schwepps. Dyax Corp. (DYAX) broke through the $5 level after positive late stage trials of a drug to treat genetic disease. Shares of Medis Technology (MDTL)surged after it stated it began shipping its 24/7 Power Pack fuel cell product to Microsoft.
Special Note: The downside gaps from late February on the three major indexes have now been filled and makes the markets vulnerable to a sell off of significance. The upside strength was accompanied by 8 consecutive closing up days in a row on the DOW an unusual occurrence. Consecutive long strings of up days in a row tend to happen coming off major lows and tops. The last time was the major low of March 11, 2003 when 8 up days in a row occurred. A continued defensive investment strategy seems prudent for investors.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
To view all of NobleTrading's historical newsletters, click here.Click here to open an account.
NobleTrading Direct Access Trading
email: info@nobletrading.com
phone: 877.872.3311
web: http://www.nobletrading.com
Stocks to Watch: Shares of SLM Corp. (SLM) jumped after reported talks with private equity firms regarding its acquisition and possible suitor with the Blackstone Group. Cott Corp. (COT) is weighing business options with interested parties possibly joining operations with Cadbury-Schwepps. Dyax Corp. (DYAX) broke through the $5 level after positive late stage trials of a drug to treat genetic disease. Shares of Medis Technology (MDTL)surged after it stated it began shipping its 24/7 Power Pack fuel cell product to Microsoft.
Special Note: The downside gaps from late February on the three major indexes have now been filled and makes the markets vulnerable to a sell off of significance. The upside strength was accompanied by 8 consecutive closing up days in a row on the DOW an unusual occurrence. Consecutive long strings of up days in a row tend to happen coming off major lows and tops. The last time was the major low of March 11, 2003 when 8 up days in a row occurred. A continued defensive investment strategy seems prudent for investors.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
To view all of NobleTrading's historical newsletters, click here.Click here to open an account.
NobleTrading Direct Access Trading
email: info@nobletrading.com
phone: 877.872.3311
web: http://www.nobletrading.com
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