Dec 22, 2011

Stock recommendations today

The tech-heavy Nasdaq fell sharply after Oracle's earnings miss worried traders, but the more evenly-weighted S&P 500 ticked higher as other sectors rallied.
The Dow Jones Industrial Average rose 4.2 points, or 0.03%, to 12,108, the S&P 500 climbed 2.4 points, or 0.19%, to 1,244 and the Nasdaq Composite dipped 25.8 points, or 1%, to 2,578.
The eurozone debt crisis, as quoted by foxbusiness.com, has been a major focus on Wall Street as its crept from Europe's periphery to its core, and threatened the region's financial markets. 
Consumer confidence in the 17-member currency bloc fell for the sixth-straight month, according to the preliminary results of a European Commission survey. Consumers are a critical component of national economies, and therefore, can have an outsized impact on broader measures of economic expansion.
For weeks, analysts have been looking to see what measures the European Central Bank would take in a bid to ease the crisis. 
How about Indonesia stock market today? Here are stock recommendations provided by Bisnis Indonesia today:

Reliance Securities:
 
Jakarta Composite Index (JCI) may try to surpass psychology level of 3,803 that is a border of fractal Bill William. Be careful on reversal. The lowest level of the index is estimated at 3,730.

e-Trading Securities:
The JCI may further continue to rise and move within the range of 3,748-3,833. Several stocks to watch: LPCK, INDF, and JSMR. 

Sinarmas Sekuritas:
Technically, the JCI may increase within the range of 3,760-3,840. Several stocks to monitor for day trading: AALI, INDF, INTP, and PGAS. 

Disclosure: No position at the stock mentioned above.

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