Nov 18, 2011

Stock recommendations today

Stocks fell Thursday, driven lower by a confluence of frayed nerves over Europe's sovereign debt, market technicals and fresh worries over Washington's debt negotiations.
The Dow Jones Industrial Average, as quoted by, shed 134.86 points, or 1.1%, to 11,770.73, the third loss in four days. All but two blue-chip components finished lower. The Standard & Poor's 500-stock index lost 20.76 points, or 1.7%, to 1,216.15. The technology-oriented Nasdaq Composite dove 51.62 points, or 2%, to 2587.99.
Heavy afternoon selling in S&P 500 futures contracts pushed the broad stock index through key technical levels after a morning of small gains and losses. 
A Spanish government-bond auction ended with a euro-era high average yield, just under 7%, and a Federal Reserve official warned Europe's debt crisis could bite into U.S. economic growth. The lack of progress from Washington's deficit-cutting "supercommittee" also kept traders on edge. How about Indonesia stock market today?

e-Trading Securities:
Jakarta Composite Index (JCI) is estimated to move within the range of 3,748-3,833 with several stocks to watch: AKRA, SMRA, and BBNI.

Minna Padi Investama:
Debt crisis in Europe has put the JCI into the negative area. External sentiments will influence the index movement. Investor is still in wait and see. Several stocks to watch: BBCA, ADRO, and HRUM.

Sinarmas Sekuritas:
The index technically tends to lower within the range of 3,750-3,850. Several stocks for daily trading: UNVR, TLKM, LSIP, and AKRA.

Disclosure: No position at the stock mentioned above.

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