Two Ways To Play: Economic Upside Surprise
Strengthen your portfolio in good times and bad.
The gain in April matched the gain in March, and strong numbers in housing permits helped offset declines in average weekly hours and consumer expectations, the New York-based research group said. Amongst other things, rising stock prices and improved conditions in the credit markets also contributed to the positive number.
The Conference Board's gauge points to the direction of the economy over the next three to six months. Economists believe this is a sign that economic activity has softened, but is not tumbling.
See the related article, today's Five Things You Need To Know, by Professor Kevin Depew.
From the Bull Pen: Bulls might see a resilient play in McAfee (MFE). Professor Adam Katz has mentioned this stock before suggesting that its customers see it as more of a "utility bill" – a need versus a want.
From the Bear Cave: Is there growing pessimism with the consumer? Bears who don't believe the worst is over might see a downside opportunity in plays like Coach (COH).
Have a great night!
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