No Hot Stocks to Buy!
May 25, 2009 by Hot Stocks To Buy · Leave a Comment
We tried and tried and then tried again, but there’s just no hot stocks that we’d like to recommend at this time. We still like GERN and the sector that they are in but besides that there’s not much on our radar. Last week the stock market had a quick and unexpected rise on Monday. On our Tuesday night blog, we mentioned to our subscribers that we expected the stock market to give back all the gains made on Monday by the end of the week. We were off by 9 points on the Dow and 12 points on the NASDAQ.
This coming week after Memorial Day weekend, we expect the stock market to continue on it’s downward trend. Some important economic news expected this week are as follows:
- 26-May S&P/CaseShiller Home Price Index
- 26-May Consumer Confidence
- 27-May Existing Home Sales
- 28-May New Home Sales
Keep an eye on these reports as they can lead the market higher or lower, depending on how the results are perceived.
As we celebrate Memorial Day, we thank all the troops over seas for courageously protecting our country. We wish them and their families a warm Memorial Day.
