SkyWest may be underperforming the rest of the airline sector, but its cheap stock is poised to take off, says David Iben, portfolio manager for the Kopernik Global All-Cap Fund. Iben is also bullish on uranium producer Cameco despite persistent worries about nuclear energy in the wake of the Fukushima meltdown. Finally, he is positive on China Mobile's stock and future even though the Fed's tapering is taking its toll on emerging markets.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.