WEEKLY QUICKLOOK
The week ahead should prove interesting. It looks like the key event for Monday morning will be Citi’s axe report. While some shorts believe this will knock C down, I do not. I think it will prove C is out in front of its declining revenue issue and dealing with its problems. Overall outlook for MARKET—STRONG AND REVERSAL WEEK. The market could move 7-13% UP for the week.
BEST LONGS:
POT 69.81
FCX 24.34
BEST SHORTS
WYNN 43.00
BYD 4.21
LVS 6.11
The story here is to avoid leisure and entertainment and overall discresionary while focusing long on the beaten down commodity and bank/financial sectors.
Good Luck.
Above information for entertainment and informational purposes only and does not constitute investment advice. Please consult your own financial advisor and, more importantly, do your own research.
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