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04-Apr-08

Emerging Leadership


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This current rally is starting to show signs of strength as leadership is starting to take form. Today’s scan shows the oils as the emerging industry group. With record crude prices increasing profit margins, oils stocks have double and triple digit earnings and sales. Technically, they have all held up and recovered well through the correction. The oils were also the top industry group in new mutual fund buys in Q1.

 

Posted at 06:42 in External Blog  |   Permalink   |  Top

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