Get this, we actually have some leadership today. Remember leadership? That's something you can't get very often these days, because it implies that stocks can break out of the futures orb, the orb that I wrote earlier is totally hostage to the CurrencyShares Euro Trust (FXE).
Apple is leading because JPMorgan raised its estimates to Street high, despite what might be described, only for Apple, as disappointing tablet sales, because the numbers aren't off the charts. iPhones and Macs are driving the profitability. Apple is an obsessive stock with Americans. If any one stock makes people feel better about owning stocks, it is Apple. I believe that Apple, post Jobs, is a very good story, not the best, because he's no longer at the helm. If it can beat numbers as JPMorgan says, the stock has probably got a little further to go.
Google is not a shocker. We keep hearing that Google is having a terrific holiday season and that many of its initiatives are on fire. I have much better confidence that Google will report an amazing number than I have for Apple, and it remains a favorite.
Finally, Boeing. Here's a company that has had trouble, shockingly, with the machinists' union -- who hasn't? It seems to have dealt with these issues successfully in this just-signed labor agreement, and now it is off to the races. I am surprised about the strength here, as this is one of those stocks that you don't have to go crazy on to get in it. Boeing always gives you a bunch of chances to buy. Still, it's been a long time since I have felt that a train is actually leaving the station.
Three stocks, Apple, Google and Boeing buck the trend. Nice to know it can still happen.