Mar 6, 2012

Stock recommendations today

Several industrial blue chips weighed on the Dow on Monday as traders reacted to a bout of weak economic data from China and Europe, but rising shares of technology heavyweight IBM helped to keep the losses in check.
The Dow Jones Industrial Average, as quoted by, fell 14.8 points, or 0.11%, to 12963, the S&P 500 slumped 5.3 points, or 0.39%, to 1364 and the Nasdaq Composite dipped 25.7 points, or 0.86%, to 2950.
China sliced its target for 2012 economic growth from 8%, where it has stood since 2004, to 7.5% and said its top priority is increasing the pace of internal consumer demand to make the world's second biggest economy less reliant on foreign countries. Economists have long feared a so-called hard landing for China, in which expansion there will suddenly drop.
"It's a big deal to see that revised down," James Hughes, senior market analyst at Alpari said in an interview with FOX Business, adding that data from Europe also attributed to the "negative feel" among global market participants.
How about Indonesia stock market today? Bisnis Indonesia quotes recommendations from several brokerages:

Reliance Securities:
Technically, Jakarta Composite Index (JCI) tends to continue its drop. The JCI movement today is estimated within 3,903-3,990. Sell on strength for BDMN and ITMG. 

Panin Sekuritas:
The JCI today may move in mixed with limited uptrend within 3m955-4,000. Top picks: TBIG, BJBR, BMRI, and WINS.

e-Trading Securities:
The JCI today may move within the range of 3,954-4,008 with potential correction. Yesterday, the index slightly dropped 0.49% to 3,984.89.

Minna Padi Investama:
Today, the JCI may move sideways within the range of 3,968-4,008. Watch property stocks: ASRI, CTRA, and MDLN.

Disclosure: No position at the stock mentioned above.

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