It is a rainy and dreary day in Manhattan and as I sift through hundreds of stocks/ETFs my day is getting brighter as I come across some exciting new investment ideas.
Because it always makes you feel better to share happiness I have decided to share 1 stock and 1 ETF from the list I have put together today with my followers.
Northern Tier Energy LP ($NTI) - This MLP began trading last year and has been under the radar for most investors. The stock is up another 3% today and hitting a new high as it extends its winning streak to 12 sessions. A pullback is in order, please do not chase the stock at current levels. The number that jumps out at you is the current dividend yield based on the one dividend payment it has made - 20.4% yield!! This makes the stock even riskier because if that yield falls it could make for a wild ride for $NTI. Please proceed with caution, but I wanted to share this stock because it has been flying under the radar.
Market Vectors Indonesia ETF ($IDX) - The southeast Asian country is one of the most populous in the world and its stock market has been extremely impressive. The ETF is breaking out today to the best level since May of last year and it is looking stronger than its geographical peers. If the ETF can hold above the $29-$29.50 area it will be a bullish technical signal for the country and enough to issue a buy alert on the ETF.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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