Signs of Resilience

 | Sep 05, 2012 | 11:28 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

ing

,

cof

,

fdx

,

conn

,

dg

FedEx (FDX) preannounces to the downside, and it is down only a buck and change? ING (ING), a huge shareholder in Capital One (COF), courtesy the sale of ING online to Capital One, offers its stock at $55.75, and the stock then rallies a quarter of a point?

Dollar General (DG) blows the numbers away, and the stock moves up again? Conn's (CONN), a consumer electronics store that also sells bedding and furniture, hits it out of the park, and the stock takes almost a 10% jump?

These are signs that the market is hanging in and hanging in for certain.

Of these, the most difficult to fathom is FedEx. I figured it would be down 3, but it always seems to find a bid underneath. Maybe short-covering? I never know with this stock, but what a horse it is, considering that this is the first down quarter in three years.

But Conn's and Dollar General and Capital One? Here we go again: domestic security. People can't get enough of local companies, particularly ones that are targeted to housing.

As long as we have a theme like domestic security, we are going to be able to weather what Europe throws at us, if they throw it.

Another sign that the market, while marking time, is not ready to quit just yet.

Columnist Conversations

GS has cleared the important hurdle on the way up which increases the odds for an eventual rally towards the 1...
A good quarterly report has sent shares of Calamos Asset Management (CLMS) sharply higher. CLMS was up about ...
Electronics distributor Ingram Micro (IM) reported better than 16% growth in its Q3 sending the stock up about...
Market posting decent day considering Ebola getting headlines again. Believe investors have learned not to pa...

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.