Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
Richard Suttmeier’s latest post,”The Numerous Market Divergences Continue”, talks about great earnings, the Warren Buffet effect on transports, and gold hitting a new all time height.
Great Earnings Reports provided sell opportunities for several great names. For instance, on October 14th Intel traded to $21.27 and is now $18.50. Another example is Apple trading to $208.71 on October 21st and is now at $188.75. The trend continued with Google trading to $561.64 on October 26th and is now trading at $537.29. As these stocks reached new 52-week highs, the major averages lagged.
Further, Suttmeier doesn’t believe that Warren Buffet's Burlington Northern can keep other rails on the Express Track. Buffett is paying $100 per share to own the rail line, which is well above ValuEngine’s fair value at $63.20. On another note, gold reaches a new all time high of $1096.2 testing Suttmeier’s quarterly resistance at $1094.4 with his semiannual resistance at $1101.9.
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
