Weak Market, Strong Stocks Again (AOL, ABCO, PPO, KO, KFT, MO, RAI)
This morning we ran a list of stocks which actually closed up 2% or more yesterday during the sell-off waves. We looked through the list of about 20 stocks, and of those listed only three closed up today: AOL Inc.…
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Off of our “Defensive Stocks” listed today, only four of our sixteen go-to stocks closed up: The Coca-Cola Company up 0.7% at $52.67; Kraft Foods Inc. (NYSE: KFT) up 2.9% at $30.07; Altria Group, Inc. (NYSE: MO) up a whopping penny at $20.76; and Reynolds American Inc. (NYSE: RAI) up 1.2% at $52.17.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
