Markets Bounce Back After Early Losses |
The week started of with a drop across all 3 major indexes. The World Bank's report on the global growth forecast sent investors out of stocks and into bonds and treasuries. The Dow fell 200 points, and the S&P 500 and Nasdaq both lost more than 3%. The rest of the week didn't show as serious a bounce back as mixed news kept investors volatile at best. The price of oil fell on Wednesday after the Fed held interest rates near zero and said the nation's pace of economic contraction is slowing.
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We looked back into some companies that might have fallen into the sales bin again after the recent turmoil on Wall St. and we found an energy company that had been considered for "Bullish" status a few months back. The rise in oil prices directly affects the earnings in their bottom line and we feel like investors have been slow in recognizing this company's potential as oil continues it's course upward. Our Bear pick is one that was a fast riser in the beginning of the year as the industry surged with the panic of new legislation of the incoming Obama administration. Well, controversy has died down and orders for its product have slowed significantly.
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 Schlumberger (SLB) - We looked back into some companies that might have fallen into the sales bin again after the recent turmoil on Wall St. and we found an energy company that had been considered for "Bullish" status a few months back. The rise in oil prices directly affects the earnings in their bottom line and we feel like investors have been slow in recognizing this company's potential as oil continues its course upward. Our Bear pick is one that was a fast riser in the beginning of the year as the industry surged with the panic of new legislation of the incoming Obama administration. Well, controversy has died down and orders for its product have slowed significantly.
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 Smith & Wesson Holding (SWHC) - The election of what was considered an ultra liberal Democrat to the Presidency sent many gun enthusiasts to the gun store early this year to get guns they thought would not be available once the government started regulating the industry. It looks like that fever has eased and, as reported by many gun store owners, levels have dropped back to normal year-over-year sales. Smith & Wesson, one of the most recognized American producers of firearms has profited nicely in the beginning of the year, but this stock is poised to come back to earth.
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