Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 16th of September.
News that Larry Summers was withdrawing his name for consideration as the next Fed chairman sent stocks soaring overnight in Asia and Europe. When the US markets opened, it followed through and helped push many stocks to new highs. Today I will be looking at the indices and certain stocks that I think are worthy of your consideration.
I will also be looking at Netflix (NASDAQ:NFLX) and Pandora Media (NASDAQ:P). Can they still grow and make money?
And I will be taking another look at Tesla (NASDAQ:TSLA) to see if it has anymore juice left in its batteries.
Please feel free to comment on this blog on any of the stocks we are talking about today or anything that I might have missed.
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
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the one I am thinking about is -LNG and FAST and OAS ???
What's your take about Nat gas companies???
Mike, I just don't see Nat Gas panning out short-term until this country can over our Oil hunger. If you look at UNG it's only been over $24 dollars twice since Jan of 2012 and quickly fell back down. It's a long way away from the $470 highs in 2008. It's seems like a very long-term play to me.
Best,
Jeremy