Here's What Works

 | Jan 31, 2014 | 1:20 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

wmt

,

cost

,

cat

,

ua

,

wynn

,

xom

,

cvx

Let's not go crazy here.

The sellers were fearful, and the rally isn't going to dissuade them from coming back. There's enough angst to expect that those who were selling are worried about something happening this weekend.

Instead, let's recognize a few things that are working:

  1. Wal-Mart's (WMT) up, so let's recognize that the bad quarter was baked in. Notice Costco's (COST) hanging in there, too.
  2. The shorts are getting killed on Caterpillar (CAT), now because of the amazing number from Manitowoc (MTW).
  3. Under Armour (UA) is a classic example of a stock that the buyers can't stay away from and the shorts are getting crushed in.
  4. We may be worried about the Chinese consumer, but one look at Wynn Resorts (WYNN) tells us that could be a misplaced worry as Macau is behind that movement.
  5. Lower interest rates may be a tell of danger in some parts of the economy but not the homebuilders, which are lapping it up.
  6. The independent oils are at last catching a bid. Could people be realizing that there's little value to Exxon Mobil (XOM) and Chevron (CVX) and that it is time to circle back to growth oils?

Just some observations that belie the notion that it is the end of the world, and it reinforces my belief that when the futures wipe out the opening on Friday, its almost as good a buying opportunity as it is a selling opportunity on those big up Monday mornings.

Columnist Conversations

TrueCar, Inc. (TrueCar) is a data-driven online platform operating a technology infrastructure, powered by dat...
Financial Planning magazine reports that... The Internal Revenue Service is considering regulations to limit t...
MMM is rolling over. Early last week the stock began to fall out of a steep bull channel before retestin...
Higher tariffs are a sign of increased floating inventories that will be available for immediate withdrawal on...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.