Filed under: General Electric (GE), Starbucks (SBUX), Coca-Cola (KO), Market matters, Target Corp. (TGT), Bank of America (BAC), Boeing Co (BA), Huaneng Power Intl ADS (HNP), Anadarko Petroleum (APC), Stocks to Buy, POSCO (PKX)
Back on August 16, with the Dow opening under 13,000 for the first time since April, our BloggingStocks experts outlined a number of stock plays to ride out this volatile market. Picks ranged from Dow components and other household names to obscure business-to-business giants and foreign market leaders. Here, we review our picks weekly.
Four weeks into our Stocks for a Volatile Market feature, our index has fallen just behind the Nasdaq, grounded mostly by shoe and apparel maker Steven Madden (NASDAQ: SHOO), picked by Kevin Kelly. After giving up $2.51 in week three, Madden dropped $3.39 in week four, falling 14.7% and leaving SHOO at $19.67, 17.77% under its August 16 price of $23.92.
Might as well get all the bad news out of the way — it looks like Sheldon Liber’s call, FreightCar America Inc. (NYSE: RAIL), has temporarily derailed. After strong gains in previous weeks, RAIL dropped $3.78 in week four — a loss of 8.35% — and slipped to $41.49, 4.4% under its initial price.
Continue reading Volatile Markets: Checking our stock picks - Week 4
Permalink | Email this | Comments
Entries (RSS)