dapoxetine pharmacy

My Gut Feeling for Today, March 22, 2013

Editors Note: this week My Gut Feeling will be unprotected for all to read. Next week this featured commentary will be password protected and accessible only by Wall Street All-Stars Platinum Subscribers. You can subscribe here.                         

The Russians could not convince the Cypriots to take a deal. It would be an oil and gas / defense deal thinly disguised as a bank / government fiscal bailout. This is good news. The last thing the US and Europe wants is to have Russia gain a stronghold in the Mediterranean. Now people will worry about what develops in Cyprus and Europe over the weekend. I think that you can buy the Euro for a trade here. Take a look at the Currency Shares Euro Trust (FXE).

Strong earnings for Nike (NKE) and Tiffany (TIF) and slightly better than expected bottom line results for Darden (DRI) should enforce the thesis that the consumer, at all income levels, is alive and well, despite the payroll tax hike and other fears caused by the crowd in Dysfunction Junction. I am looking for an entry point closer to $60 to start a position in Pet Smart (PETM). Yesterday, my bid got hit and I started a new investment position in Qualcomm (QCOM).

Today, I am expecting a positive session, though we will fall short of making a new all-time high for the S&P 500 (SPX). That event will have to be postponed till next week.

Cody Willard’s men’s Lobos met their demise in the first round of the NCAA tournament against Harvard’s Crimson. It is being talked up as an upset. In many ways it is as New Mexico was a top 25 ranked team coming into the tournament. My son’s UNLV Runnin’ Rebels shot poorly and also got an early ouster. As any Ivy Leaguer, I can celebrate the Harvard victory in Salt Lake City, even though my allegiance is with the Penn Quakers (that is the University of Pennsylvania, not Penn State.). Salt Lake City was the venue for the 1979 Final Four, my freshman year, when the Penn Quakers lost to Magic Johnson’s Michigan State Spartans, who in turn defeated Larry Bird’s Indiana State team for the national championship. Recall that in1996 the Princeton Tigers defeated defending champion and #4 regional ranked UCLA Bruins in what was long-time Tiger’s coach Pete Carril’s last season. The message here is clear, don’t ignore the Ivy League.

 

We have plenty to look forward to this weekend, including my wife’s birthday. Speaking of which, remember to kiss the wife, hug the kids and enjoy.

 

Remember, My Gut Feeling become password protected once again on Monday. You can subscribe here.                       

 

__________________________________________________________________________________________

 

Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView AssetManagement, LLC was long DRI and QCOM stock— 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.

 

You can email Scott at scottallstars@gmail.com

 

 

Speak Your Mind

Powered by WishList Member - Membership Software
Read previous post:
Answers on the markets, gold, Google and more

This week, I’ve gotten a ton of questions from Marketwatch and TradingWithCody.com readers about my latest moves towards raising more...

Close

Fatal error: require_once() [function.require]: Failed opening required 'wp-java.php' (include_path='.:/usr/local/php5/lib/php') in /home/content/72/8710472/html/wallstreetallstarscom/index.php on line 19