Some Pre-Holiday Drift

 | Feb 17, 2012 | 11:13 AM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:








We have very mixed action as many market players are on hold in front of the long weekend. The possibility of some news about Greece on Monday while U.S. markets are closed for Presidents Day is making it tricky to do much. Given the history, the likelihood is that decisions will be delayed once again, but who knows?

We have some strength in oil, solar energy and retail while precious metals lag again, but there is very little going on as far as themes. I'm playing a few small oils such as Samson Oil & Gas (SSN) and Magnum Hunter Resources (MHR), but there isn't enough energy there to make me aggressive.

I have some things on my radar such as Group (WWWW), which reported a good quarter, and EPAM Systems (EPAM), a recent IPO, which I mentioned the other day, but I don't see any hurry to add at this time.

It looks like it is just going to be one of those days when we drift around as market players leave early for the long weekend. In this sort of environment, finding new trades is a tough task.


More from James "Rev Shark" DePorre:

Columnist Conversations

Stock has been roasted last five trading sessions. Time to rotate into Ford ahead of big CEO long-term plan re...
Equity futures were up slightly just before 9:30 PM Sunday night.
Spent a good amount of time with PayPal CEO Dan Schulman this week...and came away fully understanding why thi...
Has quietly taken a mini beating over the past few weeks. Might be worth a look on Monday given everything tha...



News Breaks

Powered by


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.