The markets are running in place this morning as theyre neither significantly down or up..this despite the fact that we had some more positive earnings releases from the banking sector, mainly Bank of America, which has been the worst hit bank this year. While the company acknowledged a tough environment, they also beat their earnings and revenue forecast and talked somewhat positively about the coming quarters.
As of this morning, my favorite 4 stocks are Etrade (ETFC), Yahoo (YHOO), Suntrust (STI), and Sallie Mae (SLM). So far this morning I have added to my position in Etrade, and I am looking to add to the other three on any further weakness. As I've written repeatedly, Yahoo is on the block up for sale, Suntrust could possibly be bought and business is steadily improving, and Sallie Mae's stock is trading by almost half of its portfolio loan value.
