My Gut Feeling for Today, February 7, 2013 ($$)

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While the markets on Wednesday in the USA did not benefit from the strength on Tokyo and the Far East, we had another teeter-totter session with stocks starting in the red and then rallying to close in the green by the closing bell. Earnings continue to roll in with a positive bias. Polo Ralph Lauren (RL) proved that luxury retail is alive and well.

Today we will receive the weekly unemployment claims report. This series has been rather volatile over the course of the past few months and I am expecting that today’s report will be no different. For those of you keeping score, the market expects 365,000 claims for the week. Don’t lose sight of the other data release today, fourth quarter productivity. That metric is expected to decline from 2.9% to a decline of 1.2%. In other words, we are able to squeeze less out of the existing labor force and companies which have been reticent to hire additional staff may have to do so in order to keep up with demand.

Linkedin (LNKD) reports results after the market closes. The question that I have is: will this stock finally succumb to the gravitational force of valuation or will it continue to make the shorts cry?

Now I will return you to your regularly scheduled teeter-totter market.

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Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView Asset Management, LLC had no positions in stocks mentioned — although positions can change at any time.

Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant and agricultural stocks. You can subscribe at www.restaurantstox.com

Chat with Scott all day in “The Finance Professor’s Classroom” with your Platinum subscription to Wall Street All-Stars.

Scott is also a Senior Advisor to AAPLTrader

You can email Scott at scottallstars@gmail.com

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Scott Rothbort

Scott Rothbort has over 25 years of experience in the financial services industry. He is the Founder and President of LakeView Asset Management, LLC, www.lakeviewasset.com a Registered Investment Advisor specializing in customized separate account management for high net worth individuals. In addition, he is the founder of TheFinanceProfessor.com www.thefinanceprofessor.com an educational social networking site where his blog also resides; and, publisher of The LakeView Restaurant & Food Chain Report www.restaurantstox.com , a newsletter focusing on investment and trading ideas in the food, restaurant and agricultural sectors. Mr. Rothbort is also a Term Professor of Finance at Seton Hall University’s Stillman School of Business, where he teaches courses in finance and economics; is the Chief Market Strategist for The Stillman School of Business; and, the co-supervisor of the Center for Securities Trading and Analysis. Feel free to reach out to Scott Rothbort by email at scott@lakeviewasset.com