Shifting Sectors
After the huge gains in the stock market today, it could be time to move some money around. Oil is up again, which brings the price per barrel to around $70. At these levels, oil companies may begin to stop seeing growth because these high prices will drive away consumers. It could be a good time to move into coal plays such as Peabody Energy. Its time to take some profits from the Dow (not including the airlines), but technology will remain strong until further word.
posted by Stock Administrator @ 1:24 PM
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