MS, ENKG, MSFT, FCX, INTC
Morgan Stanley (MS:NYSE) Beat analysts estimates today. The CDS spread of MS also narrowed, which is a bullish signal. Shares appear to have broken out if you look at the daily charts, but the weekly’s show some resistance in the $18 range.
Godfather Media (ENKG.PK) Shares of this sub penny stock are basically flat today, but currently top the list of the most active IHUB message boards. There isn’t much news out there other than the name change that happened yesterday. However, Rule 201 is now in effect, which is a tell that naked shorts are already in the name.
Microsoft (MSFT:NASDAQ) MSFT is basically a clone of the INTC story. Both company’s have not exactly been huge movers in the last few years, but they still carry the cache to bring buyers in if the sentiment changes. A break of $31.58 would be nice for MSFT.
Freeport MacMoran (FCX:NYSE) FCX had a small beat today, and the stock is up fractionally, while copper is off sharply. Just remember, no matter how cheap the stock looks, it’s usually not wise to buy an equity when the underlying commodity that it’s related to is going lower.
Intel (INTC:NASDAQ) We have highlighted this name a few different times because of the stocks’ nice yield. Today, Fast Money just did an Intel versus Apple Computer segment. Jim Cramer has also been pounding the table on INTC, so don’t be surprised if this old stodgy tech name all of of a sudden becomes trendy again.
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