IP, JAMN, JNPR, GLD, S
International Paper (IP:NYSE) IP came in with a wonderful quarter and shares traded up over 2 percent on Thursday. IP is standing strong on it’s Temple Inland acquisition and investors seem to like old school stocks when the market is uncertain. IP is paying more than a 3% dividend and has nice support in the mid $26 range.
Jammin Java (JAMN:OB) Where is the bottom on this penny stock ? It seems like the promo is over, but the message boards are still extremely active on this name. They are probably filled with investors who didn’t take profits on the way up when they could have. The .53 cent level remains and important one if tested.
Juniper Networks (JNPR:NASDAQ) JNPR had a horrible earnings report, and shares were consequently smashed, but there was a school of thought that a bounce could come if the market was steady. We’ll the market was fine on Thursday, but the was no rally in JNPR. Maybe it just needs one more day to was out weak hands, and shorts could cash in going into the weekend.
SPDR Gold Trust (GLD:NYSE) I realize that following trends is usually wise, but I just hear far too many people that think gold will be at $2000 per ounce on a short term basis. While gold looks incredible on a technical basis, it just seems like there are too many bulls out there. However, there is a ton of support at $145 in case of a pullback. Add GLD to your ETF list.
Sprint Nextel (S:NYSE) Here is a low priced NYSE issue that just looks broken. Some are blaming the lack of a relationship with Apple (AAPL:NASDAQ) and others are pointing to the Clearwire (CLWR:NASDAQ) stake. Either way S doesn’t look good, but sentiment could change in a heartbeat on IPhone related rumors. Add Sprint to your list of stocks on a just in case basis.
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