Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 4th of March.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
3 STOCKS WORTH WATCHING TODAY:
DOLLAR TREE STORES (DLTR)
Hearing the administration talk about the all the terrible effects of sequestration, we may all end up shopping at DOLLAR TREE STORES (DLTR). We will be looking at this stock today to see why it may be a better bet than Dollar General.
TRANSOCEAN (RIG) - REMEMBER THEM?
Along with BP, they gave us the oil spill almost 3 years ago in the Gulf. Well, things change, and so has TRANSOCEAN (RIG). Today we will be looking at this stock to see what has changed and why this market look so much better than it did not so long ago. One of the potential big drivers for this stock is the improvement in its dividends picture. The dividend could potentially shoot up to four dollars a share, which would be a big improvement from the $1.52 it paid out a year ago. Most analysts however, expect about $3.49. We will take a look at TRANSOCEAN (RIG) with our Trade Triangles in this video report and point out one item that is really worth noting that we haven't seen written anywhere else.
UNITED STATES STEEL (X)
Once one of the most powerful and dominant stocks in the United States, UNITED STATES STEEL (X) is only a shadow of its former self, and has been slowly eroding for sometime now. We just received a major negative signal to short this market again. In the past two years, it has been very advantageous to trade this stock from the short side. In today's video report will be showing you all the Trade Triangle signals and just how they worked out. This last signal could well be the most damaging one of all for this stock, our economy and your pocketbook.
MORE CHAOS AHEAD
March 27th - Budget Resolution Expires
May 19th - Debt Ceiling Suspension Expires
Have a great trading day, see you tomorrow.