Thursday, March 1, 2012

Headline Stocks Today - My Version

IAC Interactive ($IACI) - Gained 3.55% today to close at the best level ever. The owner of Match.com along with a bevy of other websites garnered an upgrade today and the high volume surge of buyers rocketed the stock higher. We recently bought the stock for several of our clients. My favorite play on "social media".

Goldman Sachs ($GS) - Closed at the best level in over 6 months after Nomura, Japanese Bank, raised the target on the firm as well as several other US financial institutions. The next resistance level for $GS is in the $130's, it closed today at $121.13. The volume on the breakout today was the best in over a month - another bullish signal.

FMC Corp ($FMC) - Another stock hitting and all-time high today, $FMC is a chemical company that we bought for clients due to its presence in lithium. The 3rd largest lithium producer (think cell phones and electric cars) in the world has been on a tear for the last 5 months and has logged us a gain of over 100% since we purchased! It appears higher prices are ahead for the little-known leader.

** My firm owns shares in all 3 stocks mentioned.

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