Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

C I wouldn't short "C" (p/e of 15!!).. this is part of the reason the market moved up today I would hold C until Wednesday at least. C was one of the choices for longer term holds, but I did chicken out on the financials because of upcoming earnings. This is a stock selector's market for the most part. Overpriced chips might be down as valuations have nowhere to go but down, while builders, financials and many others might actually be undervalued and priced below PEG of 1.00. Not interested in 'collections' just yet, just weeding out the "zircons" from the 'true gems' which is what we do. Get ready for another interesting 3 to 6 weeks of this!

........Stocks rallied on Monday, with the blue-chip Dow adding 148 points, as solid earnings from financial companies such as Citigroup Inc. eased investors' worries about corporate America's health.