Respironics Soars

It’s a good day so far. Respironics (RESP) is soaring. The stock is currently up about 8%. Until today, it had been one of the poorer-performing stocks on our Buy List.
Danaher (DHR) is doing well. The stock is up about 2.6% today. Varian Medical Systems (VAR) is also having a strong day. The stock is up about 2.8% to a new 52-week high. The stock is up over 12% for us, year-to-date. Expeditors (EXPD) and SEI Investments (SEIC) are also looking good.
We don’t have any more earnings results this week. The next three Buy List stocks to report will be Sysco (SYY), Fiserv (FISV) and AFLAC (AFL) on Monday.
Today is the kind of market action I like to see. The energy sector is down sharply. The Energy Spyders ETF (XLE) is off 1.48%, and the Oil Service Holders ETF (OIH) is down 2.35%. The Financial Spyders ETF (XLF) is leading the market, rising 1.3%. The Consumer Staples ETF (XLP) is also doing well, currently up 0.6%.
As long as those core sectors do well, the overall market rally can last. When the market becomes so tilted towards energy and tech, I get concerned that a downturn is near.
Update: Chipotle (CMG) opened at $45.

Posted by on January 26th, 2006 at 11:21 am


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.