Friday, February 29, 2008

February Recap

The month of February has been up and down for the stock market, and through all the temporary optimism, we've been deposited right back where we started the month.

Market Watch:

Today, Dell (DELL) is blaming the economy for a slowdown in sales. This announcement comes on the heels of a slow GDP growth last month and Bernacke's continued fears of a recession or continued stagflation. The major indices are down around 2% a piece. The only winners on DollarBuilder's watch list are FirstSolar (FSLR), Kohls (KsS), and Kraft Foods (KFT).

In Play:

If you had the good fortune to pick up UltraShort Dow 30 Proshares (DXD) this week below $55.00, you are probably enjoying your buy right now. Sectors showing strength for the month included agriculture and energy. Our pick, Potash Company of Saskatchewan (POT) is up 13% on the month and 17% since we recommended it. We believe the current valuation to be a bit high, but believe this stock will continue to outperform the market in the near term.

Our Poll:

Please take a moment to vote in the Presidential Poll found down and to the right on this page. We are trying to gauge Tuesday's voting as accurately as possible. Voting will be suspended Monday night at midnight.

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