Inconsistent Action

 | Mar 13, 2013 | 4:27 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:
















Rotation's pretty obvious today. We are seeing the Colgate-Palmolives (CL) and Procter & Gambles (PG) trying and struggling to go higher and not doing all that well.

We are also seeing the minerals acting terribly again, courtesy of China. But we've got the industrials continuing to rally, and the transports? What can I say about them? They are and have been the beacon.

This tape is just about exactly what the doctor ordered. The 19x earnings stocks are peaking for the moment while the 10x to 12x earnings stocks are coming on strong.

The newfound hatred of anything China is reminiscent of the hatred of anything Apple (AAPL). Freeport-McMoRan (FCX) is horrendous. I am stunned that there is no level where Cliffs Natural Resources (CLF) can bottom. That stock acts as if it is the J.C. Penney (JCP) of minerals. The coal stocks are just pathetic again, even as the rails that carry the stuff can't seem to be stopped. I am watching the selling in Vale (VALE) being so obvious -- meaning the seller can't finish no matter what -- that is totally overdone, but then again, it's Chinatown.

The good news today is that non-Apple tech is doing better. The action in VMWare (VMW) and Broadcom (BRCM) (up for a second day) is totally reassuring.

All that said, this day is still a quandary. What do we make of a small number cut in Bed Bath & Beyond (BBBY) that annihilates the stock, or the continued decline in Ross Stores (ROST), while the underperforming Best Buy (BBY) keeps going higher? The homebuilders, long the leaders, can't rally, but the home improvement plays can't be stopped.

Lots of inconsistent action for the ninth Dow up day.

Not bad. Not good. Just very inconsistent and very difficult to game individual stocks from day to day. 

Columnist Conversations

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.