Sunday, June 15, 2008

Market Update

We could be in for a really lousy week. Quarterly earnings are due out from Lehman Brothers (LEH) on Monday, Goldman Sachs (GS) on Tuesday, and Morgan Stanley (MS) on Wednesday. Bottom fishing should commence on Thursday.

Over the last two months, coal, waste management, and factory equipment have all been having a good run. Assuming a pullback next week, two possible coal company buys are Arch Coal (ACI) and Consol Energy (CNX). I'm also looking at Graftech INTL (GTI) in the factory equipment sector. I didn't find anything I liked in the waste management group. I'll likely be doing some selling this week.

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