Monday, December 27, 2010

Post-Holiday Something

I'm not sure what today's market action meant - a poor opening followed by a strong rebound. The markets continued to slowly gain ground, finishing just above or below the even mark.

Trades: The early drop at the open filled limit orders for calls in NEWP and XLE.

NEWP has double-digit sales growth and triple-digit earnings growth with its P/E falling from 25 to 14.4. It has strong analyst opinions and estimates are being revised upward.

XLE is sporting double-digit sales growth and triple-digit earnings growth with a P/E falling to 3.7. No analyst data on Yahoo.

Reversal alerts: t2: CVLT DORM HAIN MASI & SCBT. hlr: ATV.

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