Bring It on Home

 | Apr 25, 2013 | 1:20 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:
























They came right back. They went to the consumer-packaged goods stocks because Colgate-Palmolive (CL) delivered and it only looks choppy at Procter & Gamble (PG). They came back to the drug stocks, like Merck (MRK) because they want the yield. They came back to biotech because they want the growth.

Nothing's changed -- except they didn't abandon the materials stocks to do so. They rediscovered the growth oils, like Occidental (OXY), EOG Resources (EOG) and Noble Energy (NBL). They realized that Vale (VALE) is doing just fine, thank you, and Cliffs Natural (CLF) is not going under.

Meanwhile, the cheaper techs, Microsoft (MSFT), Lam Research (LRCX) and Western Digital (WDC), continue to exact revenge on the high multiples like Qualcomm (QCOM), where there was no room for disappointment whatsoever.

And they even like the financials. The cheapest? JPMorgan Chase (JPM) is still a buy, and Radian (RDN) is the best spec in the book.

Look, when Europe's tame -- courtesy the lack of yield and the higher risk of bonds -- and when China's out of the news, they come back to our stocks.

They go up until the next crisis. You aren't in? I am sure the foreign markets will give us a chance soon.

Oh, and by the way, did you notice how defanged Washington is these days? That gridlock is working wonders for our market. Just plain thrilling.

Columnist Conversations

View Chart »  View in New Window »
this chart is showing great bullish signs here, we like this to take out the old high shortly. ...
Now that AAPL has violated the shorter term support, these are the two areas I have to consider for new buy en...



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.