The stock market is up today thanks to the better-than-expected retail sales report. The Commerce Department reported that retail sales rose 1.3% last month which was more than double what Wall Street was expecting.
Quest Diagnostics (DGX), one of my favorite health care stocks in Blue Chip Growth has hit a new 52-week high this morning. In my Emerging Growth service, Interoil (IOC) also made a fresh 52-week high. We now have a 256% profit in Interoil in just nine months. This market is clearly dependent on sector rotation. Here’s my take on the financial sector and on the defense sector, plus I took a look at some recent spin-offs.
We also can’t forget about new technologies. With the president returning from his trip overseas to accept the Nobel Prize and attend the Copenhagen Climate Summit, here’s my recent take on investing in solar stocks.