Interesting developments…the market is actually absorbing
the news pretty well and some stocks are rebounding. I’m glad I got into Walmart yesterday. It looks like it is pushing higher despite
the news. Walmart is an interesting
stock. It seems to do well when there is
bad news because people will always need to buy staple goods at cheap prices
and Walmart is the cheapest.
ATT fell off like I thought it would because of the dividend
payment but is steadily regaining its losses.
DNKN took a hit off the news but is holding on to a support
level
GE is tanking down to last week’s levels. I’m not happy
about that one but you can’t win ‘em all.
This is another lesson to pick focused stocks (stocks that are focused
in one sector) in a volatile market like this.
GE is a conglomerate and has exposure to different industry
sectors. It’s almost like a mutual fund. Any general news will affect this stock.
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