Here comes the daily list of the Good, The Bad, and the Ugly. Monday was a disaster! It is never a good sign when you can count the number of stocks that finished up for the day... on one hand.
THE GOOD: Not much too celebrate today.
Aspreva ASPV - Shareholders accepted the buyout for $26.00 a share from Galenica. Click HERE for the press release.
Euronet EEFT - Up again since the announcement of the $1.65 bill bid for Moneygram. Click HERE for the story. The stock was up 2.7% during a horrible tape; thanks to an upgrade at Citi.
Potash POT - Rarely does up 0.6% qualify for a spot in the "Good" category, but anything in the green deserves some applause.
Cimarex XEC - Up a penny... hooray!
THE BAD: This list would be longer, if I had the strength.
ART Tech ARTG - Since hitting its 52 week high of $4.84, the stock has pulled back 53 cents.
Aegean Marine ANW - Down 7.8% today. Ouch!
China Mobile CHL - Down 4.7% on the day, and right into Jim Trippon's buy range for the stock. In case you did not listen to the latest interview with Mr. Trippon, he said this stock was a buy in the low to mid $80's.
Energy Conversion ENER - Gave away some of its recent gains, down 6.4% on the day.
Focus Media FMCN - It was announced that FMCN will join the Nasdaq 100 on Dec. 24th, 2007. Even with this good news, the stock slid 5.4%. Click HERE for the press release.
Frontier Oil FTO - News that a fire broke out in an FTO refinery. The stock managed to somewhat shrug off the news, finishing down 1.2%.
Gol Air GOL - Has finished down five straight days. Even after this losing streak, GOL was still ranked as an institutional favorite in Brazil, click HERE.
Telefonica TEF - Finished down 4 of the last 5 trading days. Dropped 1.1% on the day and hit a new 20 day low of $95.59.
United Online UNTD - Caught an upgrade at Jeffries & Co. on Friday, down a penny today. Click HERE for the story.
URS Corp. URS - Down 3.0% on the day, and closed just above its 65 day low of $51.16.
THE UGLY: ANYTHING CHINESE or BRAZILIAN.
Disclaimer: This is a model portfolio, and in no way should these hypothetical positions replace your investment professional. These stocks are recommendations from my interviews with financial professionals, and I am attempting to put the stocks into an easy to understand format. Consult an investment advisor before making any purchases or sales in the equity markets.
Monday, December 17, 2007
Portfolio Recap: Dec. 17, 2007
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