Three stocks you must watch today
Today's Financial News - Posted December 2, 2009
The markets may look lackluster today, but there is plenty of action worth taking. Harley Davidson (NYSE:HOG) is just one must-watch stock. The other two you may not have heard of.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): While there is not much economic data hitting the Street today (just another lackluster jobs report) and Washington is too busy digesting last night’s speech by Obama, the markets have very little to move on today.
The dollar is relatively flat. Gold is up a bit. And oil is down by the same proportions. If that’s all there was to the investing world, I could take the day off and enjoy a late-fall day on the river.
But I’m not getting the rods out anytime soon. There are a few key stocks we need to keep an eye on.
The first is Harley Davidson (NYSE:HOG). As I write, the York, Pennsylvania manufacturing facility’s union is voting on its latest labor agreement. If it passes, Harley stays put in the blue-collar town. If it fails to get ratified, Harley has plans of moving to Kentucky.
While a labor contract rarely has much of an impact at the shareholder level, it’s safe to say this one does. This is the contract that will land a knockout blow to the company’s labor woes. It allows Harley to cut its York headcount by more than half and greatly increase workforce efficiency.
It appears a positive vote is already factored into share price, but expect another decent pop once the news is confirmed.
TFN Strategic Trader members earned gains of 60% by playing the news. Those kinds of gains are tough to find on the equities market, but in-and-out traders should have some luck over the next day or so.
Commodities action
Another mover to keep an eye on is United States Natural Gas (NYSE:UNG). Again, Strategic Trader members know this one well. We locked in gains of 400% just a few weeks ago by playing a strategic set of options.
It’s not an equity trade, but an ETF based on the performance of natural gas, which has been downright horrible lately. It’s no wonder we’re banking monstrous gains playing the downside.
If you’re like me and think the worst is yet to come, today’s a good day to be a buyer.
And finally, Hot Stock Confidential members are likely familiar with Anooraq Resources (AMEX:ANO), an exploration stage platinum miner based in South Africa. With gold prices on the rise and the popularity of the dollar waning, all sorts of investors want in on the platinum market.
While Anooraq is not putting much platinum on the market quite yet, we got in on the action thanks to the company’s well-leverage positioning and its exposure to commodity market fluctuations.
Earlier today, we unloaded our position for gains of nearly 20%, not too shabby for a three-month investment.
I am not sold on the Dow remaining above the 10,250 level, but I am convinced this is a traders market if we ever had one. Volatility remains historically high. The future remains opaque. And changes are coming at us faster than any Obama campaigner ever imagined.
The future may not be bright, but today looks great.
Next Article: TFN eNews 12/02/2009: Platinum demand helps score double-digit gains!
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