A few on my mind
You know the drill. Just a couple stocks to keep you entertained and keep money in the pockets.
Caterpillar (CAT)
Why not? I like it at $74.80 and take what you can. Over the past couple of weeks, this stock likes to move in huge margins up and downs, so, if it moves up, I think we should get a few points out of it. Basic materials took quite a hit yesterday, so it will be interesting to see what stocks correct, if any.
Sunoco (SUN)
This is more of an interesting, perhaps longer term play. The stock has taken a beating over the last couple of months. It has come off its 52 week high of $86.40 to land in the fifties. The stock has begun to turn around and has passed its 50 day moving average, and could soon pass the 200 day moving average. At the current setting I like this stock at $57, with a reasonable target of $68.
Filed Under: Financial Markets
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