Sunday, January 20, 2013

Volume Off the High 1/18/13 Edition

Four names for your considerations. There is HIO, a closed end fund that is trading above NAV. The percentage decline is not great but the volume is picking up here. We also have AXP, which reported quarterly earnings that fell 47%. Again, not a larger percentage decline but the volume is picking up. Then there is AZZ, which makes products going into electricity construction and galvanized steel. The company reported earnings that missed Street estimates and the stock was punished. Finally, there is ITIP. Again, not a large percentage decline, but someone seems to be existing in a hurry. This is interesting as the ETF replicates international inflation protected securities, excluding the US.





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