Tuesday, November 17, 2009

Intraday action

US stocks are still down midday. Not much economic news, but plenty of company-specific items.

Among gainers today is semiconductor equipment maker Semitool (SMTL), purchased by Applied Materials (AMAT) for $360million. A drop in the bucket for AMAT, with a $17billion market value.

Several biotechs among the losers, citing unfavorable reviews from the FDA among other things. Also a few ugly stock sales hampering small stocks.

I included smaller companies in my screen today. Hey why not, they're more volatile.

Here's a good interview by the always astute Henry Blodget, talking about A-B-C Investing: "Anything But Cash."

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