What In the World Is Going On
with The Stock and Futures Markets??
Since markets closed in the U.S. last Friday afternoon, our muses have had a chance to finish a bit of research – despite all the “March Madness” basketball action – in time for consideration this coming Monday morning.
First the bad news… The U of M’s Sentiment Index is down to its lowest consumer confidence level since November, 2009.
Consumer good prices are rising without any wage cost-of-living adjustments. Back on March 25th, the average U.S. gas price was $3.56 per gallon. In California, we have been paying over 4 bucks already!
IBD’s 3-28-11 Issue stated a current correction in the market outlook. NASDAQ trading has been below average for five days in-a-row.
During the last four months, commodity futures have significantly increased with corn, coffee, hogs, heating oil, cattle, silver, and crude. For instance, light sweet crude was valued in December, 2010, at 85. Now light crude May futures (as of March ’11) are up to 105!
Conoco-Phillips (COP) is selling around $17 billion of its properties in Libya according to the IBD.
Now the good news… Use this information to reinvest and make the best out of times like these that we find ourselves.
Check out an IPO idea: IASO Pharmaceutical Inc. of San Diego, California, is planning an initial public stock offering soon. They manufacture therapeutics that treat and prevent bacterial and fungal infections. Four to six-dollars per share is their likely opening value.
Think again about real estate investment trusts. We have been tracking Essex Properties (ESS valued over $122 and rated B-) and Pennsylvania REIT (PEI now over $13 and rated C+) for months. Looks at some other REITs, too, that carry A+, A, and A- ratings: Roberts Realty (DFR $2.07), Deerfield Capital (DFR $6.42), and PMC Commercial (PCC $8.80).
Our third money-making thought is to set limit orders on any of ten or eleven potential winners:
- COP @ < $80.24/share
- BTU (Peabody Energy) @ $69
- CXO (Concho Resources) @ $101
- JOYG (Joy Global) @ $91
- TLM (Talisman Energy) @ $22
- SLW (Silver Wheaton Corp) @ $36
- ARUN (IBN’s #1 rated Aruba Networks) @ $31
- LULU (Lulumon Sporting Wear) @ $76
- ILMN (Illumina biotech) @ $63
- SRCL (Stericycle biotech waste management) @ $83
and biotech IASO @ 5 bucks.
Copyright MMXI – Max’s Scout Services & Communications, LLC
( for musement only )