The Afternoon Market

The market is just a tad higher today. The good news is that bonds are much higher. The yield on the five-year Treasury is back below 5%. Interestingly, Wall Street is undecided on what will happen at the next Fed meeting. The futures indicate that there’s a roughly 50/50 shot of another rate hike in June. If the Fed holds off, it will break its streak of 16 straight 0.25% rate increases.
The Buy List is holding its own today. Dell (DELL) is showing some strength ahead of its earnings announcement, which will come after the bell. Sysco (SYY) is having another good day. Home Depot (HD) is also rallying.
If you’re looking for a good stock, you may want to consider Bed Bath & Beyond (BBBY). I’m a bit perplexed by this stock. The shares have been falling since a strong earnings report in early April.
Burger King (BKC) is doing well on its first day of trading. The stock is currently over $18 a share. Speaking of IPOs, we have Mastercard coming next week. We also have Vonage which is turning into a train wreck of an IPO. I’ll have more on that later.
Finally, if you’re concerned that your portfolio is trailing the rest of the market, don’t worry too much. Warren Buffett has trailed the market for over two years.

Posted by on May 18th, 2006 at 2:42 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.