Stocks Go for Seven Straight Up Weeks

The stock market has now risen for six weeks in a row, and today we’re trying to make it seven. Right now, stocks are mostly unchanged. The S&P 500 is down a bit, but it’s nothing too serious. Just listening to the chatter, it seems like everyone is expecting a pullback to happen at some point. Just when and how much are the only missing pieces.

There’s a big euro meeting today to discuss what to do over Cyprus and Greece. Then on Friday, the G-20 finance chiefs gather for a meeting in Moscow. The big political item this week will be tomorrow’s State of the Union by address by President Obama. It’s expected that he’ll offer specific proposals about gun control and immigration.

The next earnings report from one of the stocks on the Buy List will be DirecTV ($DTV) which is due to report on Thursday. Wall Street expects earnings of $1.13 per share. Also on our Buy List, Medtronic ($MDT) made a fresh 52-week high.

Posted by on February 11th, 2013 at 1:04 pm


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