Highest Close Since Mid-November

Although we gave back some of our gains in the afternoon, this was still a pretty good day for the market. The S&P 500 gained 1.03% to reach its highest close since November 15th. Our Buy List added 1.33% to extend its lead over the overall market. The S&P 500 is still below its 200-day moving average.

Nicholas Financial ($NICK) briefly touched $12 per share. We also saw decent gains from Stryker ($SYK) and Medtronic ($MDT). Some of the medical supply companies were hit hard late last week. On the Buy List, every stock but Johnson & Johnson ($JNJ) and Fiserv ($FISV) was up today.

Leucadia ($LUK) just announced its annual dividend of 25 cents per share. I’m not sure why they even bother. The dividend amounts to just over 1%.

Posted by on December 5th, 2011 at 6:24 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.