One sector has to step forward
Money managers are waiting on a better level to buy up, and I believe it'll be these groups.
Down opening. Could be interesting. It's kind of what the bulls want to see: a down opening with quiet research.
I keep thinking of that hold-to-sell downgrade of 3M (MMM) by Morgan Stanley. The report revealed that the industrial levitation could be a house of cards. This was made all the more important because the purchasing managers index from China was strong and the Baltic Freight Index has been good and the Macau take excellent. These are our real barometers. 3M had been an Asia-recovery story until Monday, when the company was revealed as a multiple-expansion story -- one for which the multiple had expanded too much, too fast.
But today is a new day, and I still think the money management complex is just waiting to get to an entry point where it can feel comfortable picking up some stocks for year's end.
What will they go for? More financials? Some retailers, because they have been so beaten up? Circle back to industrials after a few days? The biotechs coming off the best month in years? Oils after a hefty run down that now seems to have found its footing? The Internet high-multiple techs that had been so strong but wilted Monday? A run back into the housing-related names?
One of these groups has to step forward. I think we will know by the first couple of hours which one it will be. I am betting it'll be another move in the financials and a better tone to the housing stocks.
If we don't see some leadership surfacing, though, we can bet that this one's going down until we get big data that can turn it, because there aren't enough big earnings reports out there to make a difference.
Right now it is all based on managers trying to play catch-up vs. managers who need it down.
I think the winner of that tug of war will determine the next 5% move in this market.
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i think growth ALWAYS comes from technology. real technology. not "websites".
look forward 20 years. what will we have? very likely new technology. and new products as a result of technology.
what new technologies are ripe for growth? cars, home lighting, home heating or AC. battery methods. recharging methods. generation methods. how about simple home generating systems?
the logistics of moving material around a company or around the world is still in serious need of improvement. seek out companies making EPR systems. (enterprise resource systems).
CAD systems (computer aided design) are still in need of more improvements in the areas of FEA (finite element analysis). full simulation of products before making a single unit saves serious money in locating design flaws and improvements. 3D printers are a natural outcome of all this. 3D printer manufacturers are striving to adapt their machines to production grade materials instead of just ABS plastic.
the list is long cramer. but if you want to see the next band wagon, you'll be straining your neck for that sort of vision
Decisions, decisions....This might be the mini-pullback of some issues or even more...??
A couple percent here, 3-4 % there; It's starting to add up...
Maybe presenting some opportunities, maybe not..?
That's about as good of a Forecast, as you can get from an Analyst or maybe even CGT...
Got another funeral to go to...a neighbor this time.
9-10 Friends, Family and neighbors within last couple months or so.
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