Dec 21, 2011

Stock recommendations today

The markets charged higher on Tuesday after a round of encouraging economic reports on the American and European fronts, combined with moderating eurozone debt yields, instilled a sense of confidence on Wall Street.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, jumped 337 points, or 2.9%, to 12,104, the S&P 500 climbed 36 points, or 3%, to 1,241 and the Nasdaq Composite surged 80.6 points, or 3.2%, to 2,604.
The market for new homes showed significant improvement in November. Housing starts rose by a better-than-expected 9.3% from October to a 685,000-unit rate. The forward-looking indicator is now at its highest level since April 2010. Housing permits also topped estimates, rising 5.7% to a 681,000-unit rate.  "The increase, coupled with the improvement in home builder sentiment over the past few months, suggests the housing market may finally be breaking out of the 'bounce along the bottom' environment that housing has been stuck in since early 2009," analysts at Nomura wrote in a research note.
How about Indonesia stock market today? Here are recommendations as provided by Bisnis Indonesia today:

e-Trading Securities: 
Jakarta Composite Index (JCI) is estimated to move within the range of 3,706-3,793. Several stocks to monitor: KLBF and GIAA. The JCI ended lower 18 points or 0.47% to 3,752.34.

Minna Padi Investama:
The JCI may move in a limited uptrend. Investor tends to wait and see as the global market situation remains volatile. The banking stocks may lead the market transaction today, making the JCI stays at a positive zone. Several stocks to watch: BMRI, ASRI, and ADRO.

Sinarmas Sekuritas:
The JCI today technically may move mixed within the range of 3,735-3.780. The data release on housing market in the US showed an improvement of the country's economy. Several stocks to monitor: PGAS, KLBF, BJBR, and ASRI.

Disclosure: No position at the stock mentioned above.

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