Hidden behind this miserable tape, we can find a few bright spots. Earlier this morning, Medtronic, Inc. [[MDT]] beat estimates giving life to the sector. A few names I like in the space are: CryoLife, Inc. [[CRY]] , Intuitive Surgical, Inc. [[ISRG]] , Volcano Corporation [[VOLC]] , & Becton, Dickinson and Co. [[BDX]]
Healthcare is a defensive sector in nature, so it make sense investors bid these stocks higher. It’s actually a place I feel comfortable putting my money, and will do so. At the moment, I’m waiting for my entry in [[BDX]].
On a side note:
Keep an eye on Alternative energy/solar. Just the other day SunPower Corporation [[SPWR]] announced a major deal that proves solar will become mainstream. However, in this kind of environment investors are not willing to take the risk, and many of the names, in my opinion, are at attractive levels as a result.
I believe in the next few days we will see a strength in this group. My favorite are: SunPower Corporation [[SPWR]] , LDK Solar Co., Ltd. [[LDK]] , Suntech Power Holdings Co., Ltd. (ADR) [[STP]] , First Solar, Inc. [[FSLR]] , Energy Conversion Devices, Inc. [[ENER]] .
Just something to watch.
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CHK on fire.
PBR is looking good.
Nice call.
Thanks man. I’m getting better, in large part because of you guys.
Did I mention I like solar here? because I do.
BDX added to the list, buying above 88.
AAPL is looking decent here.
remember wanting to buy a biotech pullback should one happen?
It’s here so buy’em up!
you know the names.
THOR new long for me here.
ALTH going to BTFO
going over 10 here!
ISRG at the dreaded 300. Under that, and uh oh.
Although I came out fairly unscathed playing the biotechs, I’m reluctant to touch them again.