Does feel that way doesn't it? Think about what little news we have today: Costco (COST) with great numbers; a deal for HSN (HSNI) ; better-than-expected numbers for Steelcase (SCS) ; worse-than-expected for L Brands (LB) ; and a push number for Yum China (YUMC) . Throw in a weak ADP number and some geopolitical tension and you have a laundry list of basically nothing.
In these situations the idea that we should be pummeling pretty much all stocks except the oils seems a little simplistic. That doesn't mean you want to get in front of a real or imagined freight train, but as we survey the market for stocks that stand out as buys for Action Alerts PLUS, I come back with that same gnawing feeling: Give me something that's a huge discount and I will pounce.
So far?
No pouncing.
If Nvidia (NVDA) turns and Costco rallies then we might have something.
Otherwise not.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Let's check out the charts and indicators on this operator of casinos and racetracks.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
