So Long Hosni!

I’ve been gripped by the dramatic scenes from Egypt. I won’t even pretend to say that this has any effect on U.S. financial markets.

Whatever the cause, the stock market is up today and the Buy List is at a new year-to-date high. The year is just six weeks old and the Buy List is already up over 6% for the year.

I’m pleased to see that Ford (F) is having a good day. I wasn’t pleased with Ford’s earnings miss but the company keeps making the right moves. Yesterday they announced that they’re going to cut down their debt by another $3 billion. Last year, they cut down their debt by $14.5 billion. Ford said this recent move will save them $180 million in annual interest payments.

JP Morgan Chase (JPM) and Reynolds American (RAI) are also having good days. Leucadia National (LUK), Moog (MOG-A), Stryker (SYK) and Wright Express (WXS) are all at fresh 52-week highs.

Posted by on February 11th, 2011 at 2:55 pm


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