Three Things to Watch Today

 | Aug 28, 2014 | 10:27 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

wday

,

bp

,

bgs

,

twtr

Rates are so low that this market has decided to embrace anything giving you 4%, and it looks like stands are being made at that level and above. Also the sense of the long decline in oil is now over, as this level has held through a lot of negatives and the inability of Ukraine to be solved is now leading people to think Russia will play the oil weapon.

I see three things to watch if we are going to get any trade-able bottom for some of this market:

  1. Workday (WDAY) had a spectacular quarter and it is not economically sensitive, so that could be the best barometer for high growth.
  2. BP (BP) caught a big downgrade today; but it yields 4.8% and is a terrific way to monitor both rates and oil.
  3. Finally, watch the higher yielding food and drug stocks. My friend and writing partner Matt Horween has noticed that B&G Foods (BGS) is holding, and that's been an underperformer. I speculate that it could be for sale but that 4% yield has people excited.

Those should be front and center on your screen.

Random musings:

Twitter's (TWTR) business must have taken a quantum leap up of late. Truly remarkable stock here.

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.