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Market Update

posted Jul 18, 2010, 3:17 PM by Mohit Kumar   [ updated Jul 18, 2010, 3:24 PM ]
Our portfolio continues to hold strong, with our 3 most recent recommendations rising considerably in just last 5 days well ahead of the market! A quick recap of some recent market updates:
  • Jobless claims fell to almost a two-year low, down 29K to 429K, the lowest since August 2008
  • The Producer Price Index fell 0.5% in June after May's 0.3% drop and more than the 0.1% expected as lower food prices pressured prices
  • China reported strong second quarter GDP growth, up 10.3% from last year, but slowing from the first quarter's 11.9% pace
  • June industrial production data exceeded projections, gaining 0.1% versus the 0.2% drop anticipated and reflecting a slowing from the prior month's 1.2% gain.
  • Mixed corporate results after terrific results earlier in the week from the likes of Alcoa and Intel
  • Our Big Guns HAS, AAPL and JNJ to release earnings next week

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