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Superstock Investor
Gold & Energy
Advisor |
[Printable Version of This Page] Thursday, July 01, 2010 Morning Matters:New Buy RTH The selloff in retail names is overdone. Aa highlighted in this morning's scorecard, the largest name in the Retail HOLDRS (RTH) is undervalued by 20% to its price target. There are no names that are above their price target in the constituents of the RTH. Sure these names can go lower BUT we can hedge this buy idea and we will. This is exactly what we did with V and MON. More...
Market Matters:Concerns Over Europe and China weigh On The Market Asia and Europe lower. S&P 500 and NASDAQ 100 futures are lower by -1.10 and -4.00. Brent Crude is at $73.88 from $75.94 with gold at $1242 from $1245 and natural gas at $4.55 from $4.49. The Up Dollar ETF (UUP) closed at $25.06 which was no change. Currencies see the Yen at 87.83 from 88.70 with the Pound at .67 and Euro at .81. The 20 Year Treasury ETF (TLT) closed at $101.75 higher by 0.67%. High yield bonds and corporate investment grade bonds mixed. More...
Today's Superstock Investor Stock Scorecard:AMAZON.COM INC (AMZN) Retail stocks have been pounded since April on fears that the U.S. consumer is taking a break due to a weak balance sheet. Where there is fear, there is opportunity. Today we begin a review of the top retialers by market cap. The top name is Amazon (AMZN). The largest retailer over the internet is trading below its price target by 20%. More...
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