Metals Melt Up But Certain Notable Names Not Bouncing
- Joshua M Brown
- February 1st, 2010
After last week's drubbing, stocks are getting their bounce today in the absence of any real news worth mentioning.
The real action is in the metals, both industrial and precious, as US Steel ($X) and Freeport Mac ($FCX) were among the hardest hit on the China central bank slowdown and had the most room to rebound.
See below (as of 2pm):
| Today's Industry Highlights |
| Top Performing Industries | % Change |
| Silver | +6.73% |
| Copper | +5.10% |
| Resorts & Casinos | +4.97% |
| Steel & Iron | +4.44% |
| Gold | +4.16% |
There are, however, some noteworthy stocks that are not participating to the upside.
These include Amazon ($AMZN), Berkshire B's ($BRKB), Yahoo ($YHOO), and AIG ($AIG).
Some of these are market leaders, some are merely gauges of speculative appetite, all are watched closely by many institutional players for one reason or another.
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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