Dr. Kris'  Instablog

Dr. Kris
Send Message
Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
My company:
Stock Market Cook Book
My blog:
Stock Market Cook Book
  • Intraday Market Notes: A Sandy Boost To Building Products? -- November 1 0 comments
    Nov 1, 2012 4:12 PM | about stocks: HAO, RXI, GXC, EWM, USG, NX, TREX, AOS, BLDR, AMWD, TIF

    4:00 pm ET: Well, yesterday's prediction of a lower open today was dashed by the preliminary jobs data showing lower unemployment and increased hiring. The "real" numbers won't be out until tomorrow and many times the preliminary numbers don't hold up meaning that today's rally could be short-lived. But bullish action was very widespread and I think it's going to take some pretty rotten numbers to put out this fire. Adding to the flames are polls showing that Obama has the lead in many key undecided states and the knowledge that quantitative easing could be extended for another four more years is certainly not hurting the risk-on trade (stocks).

    Seeing some love globally is the Malaysia etf (NYSEARCA:EWM) which has been rallying slowly but surely since mid-May. Analysts think that China's growth is gaining momentum which is likely the main reason for the breakout in three China etfs: HAO, FXI, and GXC. Investors looking for some Asian exposure to their international stock portfolio may wish to take a look at these funds.

    On the homefront, hurricane Sandy certainly didn't hurt the stocks of building products. Shares of USG (NYSE:USG), Quanex (NYSE:NX), Smith A O (NYSE:AOS), Builders Firstsource (NASDAQ:BLDR), Trex (NYSE:TREX), and American Woodmark (NASDAQ:AMWD) all hit new highs. In the luxury market, Tiffany (NYSE:TIF) broke recent resistance, moving up nearly 5% on twice normal volume. Has the Santa Claus rally begun?

    Note to Subscribers: There is one new Stock Darling, one new Channeling Stock, and a new Stock of the Day which was added last night.

    Stocks: HAO, RXI, GXC, EWM, USG, NX, TREX, AOS, BLDR, AMWD, TIF
Back To Dr. Kris' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Leveraged etf lesson: Since 8/12/15 gold miner etf $GDX breakout, $GDX +9%, bull 3x etf $NUGT -12%, bear 3x etf $DUST -67%.
    2 days ago
  • Soft-ening: Ag funds $WEAT $BAL $CUT sliding to multi-year lows. Don't know how much more pain commodities can take...
    3 days ago
  • Payton Manning: You think he'll be doing commercials for $BUD? Duh, ya. More importantly, do you think it will help the stock?
    5 days ago
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.