Tuesday, January 5, 2010

Intraday action

US indexes are pretty flat in this second trading day of 2010.  The DJIA is slightly negative, mostly due to top-weighted IBM being down 1.39%.

Among today's gainers are the airlines, up significantly after reporting decent operational load figures yesterday afternoon.  A few analyst moves among the gainers are Tenet Healthcare (THC) and RadioShack (RSH), each added to the Conviction Buy list at Goldman Sachs, as well as MCG Capital (MCGC), which is Stifel Nicolaus' top pick for 2010.

Stifel thinks that MCG Capital's earnings will improve in 2010 and 2011, allowing them to re-instate their dividend at at estimated current yield of 11%, arguing for a higher share price.

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