2010 Gets Off to a Nice Start

The new year has gotten off to a very good start. The Dow has been up by as much as 170 points today and it came close to breaking 10,600 for the first time in 15 months. The Nasdaq is now at a 16-month high.
The new Buy List is also doing well. Moog (MOG-A) is up over 4% today, plus Leucadia (LUK) and Stryker (SYK) are both up over 3%. Stryker is up thanks to an analyst upgrade, and price target revision from $48 a share to $59.
Our new additions are also holding their own. I should add that I announce the new buys two weeks before the new year so I can’t be accused of trying to goose the numbers. Wright Express (WXS) is up about 4.5% today, and the big news of the day is an upgrade on Intel (INTC). The analyst at Robert W. Baird raised the stock to Outperform from Neutral, and bumped up the price target from $24 a share to $26.

Posted by on January 4th, 2010 at 2:14 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.