A Case of the Mondays

Kind of a blah day so far. Golden West (GDW) is obviously doing very well. The stock opened at $75.89, and it’s been drifting lower since. (Here’s a nice article on the Sandlers.)
UnitedHealth (UNH) continues to sink. Ugh. The stock dipped below $45 today, hitting a new 52-week low. Medtronic (MDT) also made a new low. Large-cap health care stocks get a frowny face today.
Watch out for Home Depot (HD). The stock has been in a trading range for nearly a year, but the earnings have been pretty good. The next earnings report comes one week from tomorrow.
Dell (DELL) had a nice open. The stock is back above $26. The next earnings announcement comes on May 18.
Danaher (DHR) and Expeditors (EXPD) continue to soar. I never would have guess that Expeditors would be up 60% by May. That’s the fun part of investing.
The price of gold is pulling back slightly. Is $700 an ounce inevitable? I think it may be. The dollar dropped to an eight-month low versus the yen as it looks like the Fed is near the end of its rate hikes.

Posted by on May 8th, 2006 at 1:48 pm


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