Stocks are rising today after an increase in consumer spending was reported. The Commerce Department said consumer spending rose for the fifth consecutive month in February, matching economists’ expectations.
We’re following Yahoo Finance as the stocks seem to be on an upward trend. We’re holding on to DLM (Delmonte), CAG (Conagra), and CQB (Chiquita). CQB is down a little today, but I still like their new advertising so I’m sticking with it for now. Kellogg’s looks like it might be good, it’s going down but I feel it will go back up.
Remember, we are not giving any advice on what to buy or what to sell. Things happen fast in the stock market so always check all stocks for yourself or a broker before making any decisions.
The stock market is headed up this morning. Right now RSH (Radio Shack) is one of the most active as its price per share continues to climb. We are watching our Scottrade Account and deciding what to do if anything on the market today. As usual, it looks to be an interesting day on Wall Street.
10:45 UPDATE – I found an interesting article called “How to Play the Coming Spike in Food Demand”. It got me thinking that maybe food stocks are good ones, as they are right, people always have to eat. I’m researching Dole and Del Monte, at first glance they are looking good.
The article says: Agriculture is one of those “it has to happen and everybody knows it” sectors. I view it as a lot like the infrastructure sector. The money will be spent here. It has to be. The world’s population is continuing to grow. World population is growing at more than 1% a year. Advances in health care are extending the average life span, and birth and survival rates are rising globally. It is pretty simple math. More people need more food. Continue
12:00 UPDATE – We have bought DLM (Del Monte), CAG (conagra) and CQB (Chiquita) today. The plan is to keep these for awhile. We were able to get DLM for 14.27, CAG for 24.60, and CQB for 16.56. The only one of these paying a dividend is DLM, it is .05 with an EX date of 4/20. CQB (Chiquita) is one that has really caught my attention. I like their new advertising plan.
There are over 100 stocks hitting their EX date on March 29. With the stock market down a little this morning, it is a good time to start selecting and buying them. Check on The Street to see which stocks will hit their EX date. After I find the stocks, I then check on Scottrade to get more information on them. I really like Scottrade because it gives real time results and has updates on news on the individual stocks.
UPDATE – 1:17PM This morning analysts at JP Morgan upgraded SKS to Overweight from Neutral. It looked like it was going to be a good day for SKS. Then a little while ago Saks announced it plans to close its Saks Fifth Avenue stores located in the Pioneer Place Mall in Portland, Oregon. Saks operates a main store (approximately 60,000 square feet) plus a men’s store (approximately 23,000 square feet) in the mall. The men’s store is expected to close on April 25, and the main store is expected to close by July 31, 2010. The stock has dropped down to 9.00 and, maybe, it is slowly heading back up. Doesn’t look like I made a good pick for a daytrade on this today.
Today looks like a very good day for some daytrades. Several stocks were upgraded early this morning. Right now I’m waiting on the reports of Fannie and Freddie.
I haven’t put in any dividend trades today, but going to check them out now. I do have in a buy order for PMI (The PMI Group, INC.) for 3.53. I’ve bought SKS (Saks INC) for 9.32 this morning. I’m hoping I can make daytrades on PMI and SKS. This is a busy day in the stock market as things are moving up and down fast.
CNBC is optimistic today on the upward trend this morning. I even heard that dividend paying stocks may be increasing their dividends. That is exciting news for those of us who like the dividend paying stocks. I’m watching Scottrade today as our stocks are heading up. I haven’t put in any buy orders yet today, but have several sell orders in. I’m looking for some good daytrades.
I thought this article found on Yahoo finance was very interesting and in my opinion makes PepsiCo a stock worth watching.
NEW YORK (AP) — PepsiCo Inc. plans to cut the sodium found in each serving of its key brands by one-fourth in five years, the company announced Monday, as the industry deals with pressure from the government and health-conscious shoppers who want more options.
The maker of Frito-Lay chips and Pepsi drinks announced several nutrition goals Monday at the start of a two-day investor conference. Continue here
Marcy Gordon, AP Business Writer, On Friday March 19, 2010, 8:30 pm
WASHINGTON (AP) — Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. Continue here
Yahoo is reporting that FedEx is indicating the global economic recovery is gaining steam. The world’s second-largest package delivery company says its fiscal third-quarter profit more than doubled from a year earlier.
This should be really good news for Wall Street.
Yahoo finance has a good article out today by Laura Rowley. How to Be Your Own Financial Regulator.
Posted on Wednesday, March 17, 2010, 12:00AM
This week Senate Banking Committee Chairman Christopher Dodd, D-CT, released a 1,300-page financial reform bill to address the issues that led to the financial meltdown. Among the provisions is the creation of a Consumer Financial Protection Bureau that would make and enforce rules on many of the everyday financial products that Americans use, from bank accounts to mortgages. Continue
This is looking like it could be a good day at the Stock Market. At least it is off to a good start. I’ve been putting in sale orders and plan on looking at the dividend paying stocks with an EX date of next week.
Today I have in a sell on AMAT for 12.90, DTE for 45.79, and USMO for 12.84.
I’m following our Scottrade account closely. Remember things happen fast on Wall Street. Watch for daytrades!
Just did a very quick daytrade on BSX (Boston Scientific Corp). In the space of 10 minutes I bought at 6.50 and sold at 6.60.
As the senate works on presenting the new financial reform bill, the stock market is staying down this morning. The New York Times is reporting that Democrats are pressing forward this week on legislation to overhaul the nation’s financial system in a critical test of whether Washington can pass reform.
The bill that Christopher J. Dodd, chairman of the Senate Banking Committee, will introduce today appears written with the goal of forging a consensus that can overcome partisan division, with provisions that incorporate ideas from both Democrats and Republicans. Click here to read more on the story.
Yahoo finance is a good place to watch developing stories today.
