Jan 19, 2012

Stock recommendations today

The markets tacked on solid gains on Wednesday, helped by financial, energy and technology shares, on stronger-than-expected quarterly results from investment banking titan Goldman Sachs and encouraging developments from the IMF.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, gained 96.9 points, or 0.78%, to 12579, the S&P 500 rose 14.4 points, or 1.1%, to 1308 and the Nasdaq Composite rose 41.6 points, or 1.5%, to 2770.
Wall Street has had a strong start to the year. The Dow, S&P 500 and Nasdaq all closed at their highest values since July on Thursday. How about Indonesia stock market today?  Bisnis Indonesia provides recommendations from several brokerages:

Panin Sekuritas:
Jakarta Composite Index (JCI) may move mixed and tend to rise. We estimate that the JCI moves within support-resistance level of 3,855-4,000.
Following Fitch Ratings, Moody's yesterday upgraded credit rating of Indonesia to investment grade or Baa3 from Ba1. This actions will improve investor trust on Indonesia economy prospect and stability.
e-Trading Securities:
The JCI is estimated to move within the range of 3,943-4,028 with a possible profit taking. Several stocks to watch: BMRI, INDF, and ADRO.
Sinarmas Sekuritas:
Technically, the JCI may move within the range of 3,930-4,012. Several stocks to monitor: BMRI, SMGR, UNTR, and CPIN.

Minna Padi Investama:
The rise of stocks with large market capitalization is estimated to drive the JCI surpassing 4,000 today. Several stocks to watch: PNLF, ADRO, and BBCA.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: