Latest Commentary: Next Up WMT and HPQ...

Monday, May 12, 2008

Stocks are opening to the upside after a week where the major averages dropped significantly.   The Dow Jones, Nasdaq and S&P 500 fell 2.39%, 1.27% and 1.81% respectively.   Obviously, the Nasdaq continues to outperform, as tech stocks have been holding steady.   Last week, oil was the major headwind, as the commodity hit record highs each of the last five days.   On the week, the price of crude jumped 8% due to an increase in demand and talk of a potential conflict between the U.S and…
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