Monday, March 06, 2006

Standout Stocks

Here is a list of some stocks making notable moves today:
  • LIFC - high volume breakout
  • KSS - rallies on news of credit card biz sale
  • DOX - seen as beneficiary of T/BLS deal
  • RACK - continues rallying to new highs
  • WFR - analyst upgrade & earnings bump
  • MFLX - more new highs (why did I sell this?!?)
  • RBAK - seen as hurting from T/BLS deal
  • OPEN - sells off on weak profit outlook
  • ASVI - delays earnings; falls below 50-day
  • PALM - profit taking after RIMM news
  • ANF - continuation of last week's breakdown


Market Comments: The market couldn't hang on to earlier gains, and it now looks like a continuation of Friday's late day weakness. Just about all sectors are lower today. Semis are seeing the most profit taking, and energy stocks continue to be weak. The SPX is flirting with trading below its 50-day, so some caution is warranted.

long KSS

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