Exceedingly Brief Market Update

This is another good day for our Buy List. The cyclicals are getting pounded and that’s always good for our relative performance.

Reynolds American ($RAI), Becton, Dickinson ($BDX), Joey Banks ($JOSB) and Johnson & Johnson ($JNJ) have all hit new 52-week highs. Notice that there are classic non-cyclicals like healthcare and consumer stocks.

At 10:30, the S&P 500 is down 0.58% while the Buy List is only down 0.05%. That’s a big outperformance for one day.

Don’t forget: You can follow me on Twitter at twitter.com/EddyElfenbein.

Posted by on May 11th, 2011 at 10:39 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.