Materials companies have been big gainers - CLF +5.5%, VMC +4.7%, ATI +5.7%, JOY +4.4% today -...


Materials companies have been big gainers - CLF +5.5%, VMC +4.7%, ATI +5.7%, JOY +4.4% today - as investors seem to believe the Fed’s moves will spark demand for goods from China and the materials to manufacture them. S&P's Sam Stovall says materials stocks still have some of the weakest fundamentals, but two old adages apply: stock prices often lead fundamentals, and don't fight the Fed.
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Comments (1)
  • mpb1947
    , contributor
    Comment (1) | Send Message
     
    I am an active swing trader of JOY. But I think it is do for shake out It ha gone up too fast too soon the past week. Fundamentals and outlook do not support past week action. Any opinions
    16 Sep 2012, 04:11 AM Reply Like
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