Fidelity's Select Automotive Portfolio(FSAVX Quote) has seen a 106.47% rise year to date as the auto industry soars from the depths of the downturn. A $2 billion extension for the "Cash for Clunkers" bill is expected to be voted on today in the Senate. This government stimulus program has helped fuel auto sales in recent weeks and underscore the recovery of the industry in recent months. (More ...)
August 6, 2009, 2:32 pm
Apple: UBS Sees Gross Profit Opportunity and Risk
Posted by Tiernan Ray
UBS Securities analyst Maynard Um writes in a note today that Apple (AAPL) has multiple possible paths to higher gross profit, but risk as well. Um reiterated a “Neutral” rating on Apple and a $160 pricet target. (More ...)
1 comment:
Fitz Bits: Weakness Could Present an Entry for Cisco
By Dan Fitzpatrick
http://www.thestreet.com/p/_commentary/rmoney/technicalanalysis/10566039.html
I'd look to use weakness to start putting on a new position. This bellwether stock has run more than 20% in less than a month, so it's due for a pullback. If the bears push it close to $20, I'd step up and buy.
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