Take Your Pick
by Brian BolanJune 11, 2012 | Comments : 8 Recommended this article: (0)
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We literally have a buffet of wildly bull friendly news this morning. The biggest news is the bailout of a Spanish bank to the tune of $125 billion. Spain is rallying on the news and has helped push US futures up significantly.
The Spanish bank bailout is helping to the push the Euro significantly higher as well. The dollar, in general, has lost strength worldwide this morning.
Next we have China .... exports and imports (+15%) grew in May and were double what analysts expected. Copper purchases were much high than expected and China's Shanghai CSI 300 market closed higher by a little more than 1%.
Goldman Sachs says that commodities are primed for a 29% increase in prices by the end of the year. This price increase will be led by energy and base metals. Does this mean that the slowdown in the BRIC's and the continued GDP slowdown from India is ending?
The former Greek Prime Minister said in an interview taped Friday and released Monday morning that Greece would look to remain in the Euro. While he was at the table for the initial discussions, he no longer holds the same weight. Still, this could be viewed as positive for the broader markets.
Dow Futures up over 131 points late Sunday night / very early Monday morning, but that has since moved to a +90 suggesting that some investors may fade this inevitable rally.
Lots of good news to pick through if you are long... which is the most important and which has legs?
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest. Today, you can see them free.
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