Stock of the Day

The market reversed its early losses, and appears to be firming heading into the closing hour. Although it probably wouldnt' take too large of a sell program to knock it back down.

Among some of the notable stocks I would highligh that have shaken off early declines include GS and AAPL. Both have reversed higher, which is a good sign. AAPL is a bellweather for tech, and GS is the most important broker stock, imo.

Also, the stock I highlight in the chart above is Foster Wheeler (FWLT). This stock has fully recovered from its August swoon, and is now right back near its former highs.

I think the stock could consolidate around these levels for a bit, and might test support at its 50-day again if the market weakens, but it should soon break back to new highs as the fundamentals for this engineering and construction company remain solid.

long AAPL, FWLT, GS