Jan 24, 2012

Stock recommendations today

The markets last weel ended the day little changed after rallying to the highest level since July last week as traders cautiously eyed debt talks in Greece and awaited a bounty of corporate earnings on Tuesday.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, fell 11.7 points, or 0.09%, to 12709, the S&P 500 rose 0.62 point, or 0.05%, to 1316 and the Nasdaq Composite slipped 2.5 points, or 0.09%, to 2784.
The markets have kicked off the year in rally mode, with the broad S&P 500 zooming 4.6% higher and the Dow tacking on just under 500 points so far in January. Sentiment has been boosted by strong earnings from a slew of big-name companies, relatively upbeat economic data and easing tensions in Europe. 
However, the mood was more subdued on Monday. Indeed, the Dow's modest losses snapped the blue-chip average's four-day winning streak. The broader S&P 500, meanwhile, narrowly managed to add a fifth day to its streak. 
How about Indonesia stock market today? Bisnis Indonesia provides recommendations from brokerages:
e-Trading Securities:
Jakarta Composite Index (JCI) is estimated to move within the range 3,938-4,028. Technically, the JCI faced profit taking after surging for 3 consecutive days. The index on Friday last week slipped 0.36% to 3,986.51 with a total transaction of Rp4.1 trillion.
Sinarmas Sekuritas:
Technically, the JCI may move mixed with uptrend possibility. It may move within the range 3,954-4,024. Several stocks to watch: UNVR, PGAS, TINS, and INCO.

Disclosure: No position at the stock mentioned above.  

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