Here comes the daily list of the Good, The Bad, and the Ugly. Some positive economic news sent stocks higher right from the open. Apparently traders may realize a strong economy without a rate cut, could be better than a weak economy with falling rates. The Portfolio is looking good, up an average of 12.6%.
THE GOOD:
Altius Mineral ALS.TO - This is a horse now. People are yearning for a new refinery and finally Altius is giving them what they want. Up 22 cents.
Anadarko Petrol APC - Continue to move higher after their new find in the Gulf of Mexico. Click HERE for the press release.
China Mobile CHL - Nice gain of 5.4% for the day.
Devon Energy DVN - A nice up day for a change, up 2.5%
Encana ECA - Follow the leader. ECA up 1.9%
ISHARE MSCI BRAZIL EWZ & ISHARES S&P LAT AM40 ILF Both finished up huge!
Florida Power & Light FPL - Was downgraded to Neutral from Buy at UBS, but that couldn't stop the gains.
FirstSolar FSLR - Was up on speculation it would be added to the Nasdaq 100.
Coca-Cola KO - Announced a new CEO will take the helm in July. Click HERE for the press release.
Potash POT - Up big for the day; 4.1%.
Urban Outfitters URBN - Hit a new high for the year; $27.98. Click HERE for the quarterly earnings release
THE BAD:
Noble Energy NE - Up slightly for the day, but the was an update announced their drill-ship will be nonoperational through the new year. Click HERE for Reuters article.
Telefonica TEF - Dropped 1.7% on the day. It was announced that TEF has invested in a small Sunnyvale co. Click HERE to learn more.
THE UGLY: Reserved for the most precipitous falls from grace.
United Online UNTD - Finally sees an up day. Gains 7.2%.
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.
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